HomeMy WebLinkAboutResolution 2026-16 Approving Sale of City Property, 5146 Eden AveEDINA Resolution 2026-16: Approving the Sale of City Property
MINNESOTA
Located at 5146 Eden Avenue
Whereas the City is the fee owner of a certain real property located at 5146 Eden Avenue (PID No. 28-
117-21-31-0014, 28-117-21-31-0015, 28-117-21-31-0016) in the City of Edina which is legally described in
Exhibit A attached hereto ("Property");
Whereas the City and Arcadia Ave Partners, LLC, a Minnesota limited liability company ("Arcadia")
have negotiated the final terms of the sale and development of the Property as set forth in a Contract
for Private Development ("Agreement");
Whereas the City has received and reviewed the proposed Agreement for the sale and purchase of
the Property to be entered into between the City and Arcadia;
Whereas the City desires to convey the Property to Arcadia under the terms of the Agreement;
Whereas pursuant to Minnesota Statutes §462.356, subd. 2, the Planning Commission has reviewed
the proposed conveyance of the Property and has found that the conveyance is consistent with the
City's comprehensive municipal plan.
Now, therefore, be it resolved by the City Council of the City of Edina:
1. The conveyance of the Property to Arcadia pursuant to the Agreement is approved.
2. The Mayor and City Manager are hereby authorized and directe to execute any and all
documents as necessary to complete the sale transaction pursue nt to the Agreement.
Dated: March 17, 2026
James B. Hovland, Mayor
EXHIBIT "A"
Lots 2, 3, 4, 5, 6, 7, 8, 9 and 10, and the East 90 feet of Lots 11 to 19 inclusive, all in Block 2, Grandview
Heights, Hennepin County, Minnesota according to the recorded plat thereof;
And
That part of Government Lot 8, Section 28, Township 117, Range 21, lying North of the centerline of Eden
Avenue and East of a line drawn parallel to the main track of the Minneapolis, Northfield and Southern
Railway from a point on the North line of said Government Lot 8 distant 582 feet East from the
Northwest corner of said Government Lot 8;
As amended by the final Survey as agreed to by the Parties.
Resolution 2026-16 2