HomeMy WebLinkAboutHRA Resolution No. 2013-002 Purchase Agreement 3930 West 49 1/2 Street •
RESOLUTION NO. 2013-02
AUTHORIZING PURCHASE AGREEMENT FOR
PROPERTY AT 3930 WEST 49-1/2 STREET
WHERAS, the Edina Housing and Redevelopment Authority (HRA) may acquire real property
and may operate and maintain public parking facilities in connection with any of its projects pursuant to
the authority provided under Minn. Stat. 469.012; and
WHEREAS, the HRA has previously constructed a public parking facility located at 3936-3940
West 49-1/2 Street; and
WHEREAS, studies have confirmed the need for additional parking in the business district as
well as the viability of the existing garage to be expanded to provide additional parking; and
WHEREAS, terms of a Purchase Agreement have been reached with the owner of the property
located at 3930 West 49-1/2 Street, Edina, Minnesota, 55424 and;
WHEREAS, the HRA declares its official intent to reimburse itself for the costs of the
acquisition from the proceeds of bonds pursuant to the Internal Revenue Service regulations, Section
1.150-2.
• NOW, THEREFORE, BE IT RESOLVED, the Edina Housing and Redevelopment Authority approves the
Purchase Agreement for the property located at 3930 West 49-1/2 Street and Authorizes the Chair and
Executive Director to execute the documents necessary to purchase the property.
Dated: February 5, 2013.
Attest: -
Ann Swenson, Secretary James B. Hovland, Chair
STATE OF MINNESOTA)
COUNTY OF HENNEPIN) SS
CITY OF EDINA )
CERTIFICATE OF EXECUTIVE DIRECTOR
I,the undersigned duly appointed and acting Executive Director for the Edina Housing and Redevelopment Authority do hereby
certify that the attached and foregoing Resolution is a true and correct copy of the Resolution duly adopted by the Edina
Housing and Redevelopment Authority at its Regular Meeting of February 5, 2013, and as recorded in the Minutes of said
Regular Meeting.
WITNESS my hand and seal of said City this day of ,
r
Executive Director
CITY OF EDINA
4801 West 50th Street• Edina,Minnesota 55424
www.EdinaMN.gov.952-927-8861 • Fax 952-826-0390