HomeMy WebLinkAboutResolution - 2008-23 - Sale of City Property to HRA - 02/12/2008 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2008-23
A RESOLUTION AUTHORIZING THE SALE CONVEYANCE OF CERTAIN REAL
PROPERTY TO THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR
THE CITY OF EDEN PRAIRIE
WHEREAS, the City of Eden Prairie (hereinafter referred to as the"City") and
Presbyterian Homes Housing &Assisted Living, Inc. a Minnesota non-profit corporation
(hereinafter referred to as "PHHAL")entered into that certain Purchase Agreement between the
parties dated January, 2007, amended by that certain First Amendment to Purchase Agreement
dated May 15, 2007, that certain Second Amendment to Purchase Agreement dated September,
2007, that certain Third Amendment to Purchase Agreement dated January 3, 2008 and that
certain Fourth Amendment to Purchase Agreement dated January 22, 2008 (hereinafter
collectively the"Purchase Agreement") for the sale of that certain real property described as Lot
1, Block 1, Columbine Road Addition and Outlot C, Columbine Road Addition, Hennepin
County, Minnesota(hereinafter referred to as the "Property"); and
WHEREAS, it is proposed that the City transfer the Property to the Housing and
Redevelopment Authority in and for the City(hereinafter referred to as the "Authority"); and
WHEREAS, the City is authorized by Minnesota Statutes Section 469.041 to convey all
of the City's interest in the Property without consideration to the Authority. and
WHEREAS, by the Fourth Amendment to Purchase Agreement the City and PHHAL
consented to the assignment to the Authority all of the City's interest in the Purchase Agreement;
and
WHEREAS, it is proposed that the Authority sell to PHHAL the Property pursuant to the
Purchase Agreement; and
WHEREAS, the Property is located within Redevelopment Project No. 5 previously
created by the Authority December 17, 1996 (hereinafter referred to as the "Redevelopment
Project").
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF EDEN PRAIRIE,MINNESOTA AS FOLLOWS:
1. The City Council approves and authorizes the transfer of the Property and
assignment of the City's interest in the Purchase Agreement to the Housing and Redevelopment
Authority in and for the City of Eden Prairie, all without consideration.
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2. The Mayor and Manager are authorized to execute a deed, an assignment and
such other documents as approved by the City Attorney to consummate the transfer of the
Property.
Adopted by the City Council of the City of Eden Prairie this 12th day of February, 2008.
I W �%--
Ph Young, Ma r
ATTEST:
J
Kat een Porta, City Clerk
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