HomeMy WebLinkAboutHRA Resolution No. 2017-006 Authoring Sale of Land to Market Street LLC �1Nn. I
� e
N
EDINA HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF EDINA
HENNEPIN COUNTY
STATE OF MINNESOTA
RESOLUTION NO. 2017-06
RESOLUTION AUTHORIZING SALE OF LAND TO MARKET STREET LLC.
WHEREAS, the Board of Commissioners (the "Board") of the Edina Housing and
Redevelopment Authority (the "HRA"), after proper public notice, held a hearing at approximately 7:00
P.M. on June 27, 2017 with regard to the proposed sale of a portion of or all of the following parcels of
land (the "Land"):
(Parcel 1)
Property Identification No. 18-028-24-14-0023
3925 49 1/2 St. W., Edina, MN
(Parcel 2)
Property Identification No. 18-028-24-14-0123
Address unassigned
(Parcel 3)
Property Identification No. 18-028-24-14-0120
Address unassigned
(Parcel 4)
Property Identification No. 18-028-24-14-0032
Address unassigned
(Parcel 5)
Property Identification No. 18-028-24-14-0036 (Includes additional land)
Address unassigned
(Parcel 6)
Property Identification No. 18-028-24-14-0035
3944 49 1/2 St. W., Edina, MN
(Parcel 7)
Property Identification No. 18-028-24-14-0026
3930 49 1/2 St. W., Edina, MN
CITY OF EDINA
4801 West 50th Street•Edina,Minnesota 55424
www.EdinaMN.gov•952-927-8861 • Fax 952-826-0390
WHEREAS, the HRA has approved entering into a Redevelopment Agreement with Edina
Market Street LLC which agreement includes all relevant terms regarding the sale of the Land (the
"Redevelopment Agreement"); and
WHEREAS, the HRA hereby concludes that all the requirements of Minnesota Statutes, Section
469.029 regarding the sale of the Land have been satisfied.
NOW, THEREFORE, BE IT RESOLVED by the Board as follows:
The HRA authorizes the sale of the Land to Market Street LLC under the terms and conditions
of the Redevelopment Agreement and the Chair and Executive Director are authorized to execute the
documents required to complete the sale.
Approved by the Board on June 27, 2017.
f_ James B. Hovland, Chair
ATTEST:
Ul,t- j sk 7—
Robert J. Stew rt, Secretary
STATE OF MINNESOTA)
COUNTY OF HENNEPIN) SS
CITY OF EDINA )
CERTIFICATE OF EXECUTIVE DIRECTOR
1, 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 Special Meeting of June 27,
2017, and as recorded in the Minutes of said Special Meeting.
` -a C) t`
WITNESS my hand and seal of said City this day day of
Scott Neal, Executive Director