Laserfiche WebLink
HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF <br />ROSEVILLE <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION 51 <br />RESOLUTION AUTHORIZING PURCHASE OF PROPERTY <br /> WHEREAS, Ethel M. Armbrust and James R. Armbrust (“Seller”) is an owner of real <br />estate located at 1840 Hamline Avenue, Roseville, Ramsey County, Minnesota, having Parcel I.D. <br />No. 1529234200038 and legally described in the Agreement as hereinafter defined (the “Property”); <br />and <br /> WHEREAS, the Housing and Redevelopment Authority in and for the City of Roseville, <br />a public body corporate and politic (the “HRA”) desires to purchase the Property from the Seller; <br />and <br />WHEREAS, the HRA has followed applicable statutory provisions and the HRA finds that <br />the purchase of the Property will fulfill the objectives, goals and mission of the HRA, and <br />specifically that the purchase of the property is necessary to carry out a redevelopment project; and <br />WHEREAS, the HRA has caused to be prepared an offer and purchase agreement (the <br />“Agreement”) providing for the terms of the conveyance of the Property from Seller to the HRA, <br />with such Agreement being as set forth in Exhibit A and incorporated into and made a part of this <br />Resolution. <br /> NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF <br />THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF <br />ROSEVILLE, AS FOLLOWS: <br />1. The recitals set forth in this Resolution are incorporated into and made a part of this <br />Resolution. <br /> 2. The purchase of the Property by the HRA is hereby approved pursuant to the terms <br />of the Agreement, which is also approved in substantially the form presented to the Commission on <br />this date, subject to modifications that do not materially alter the HRA's rights and obligations under <br />the Agreement and that are approved by the Authority's President and Executive Director, which <br />. <br />approvals shall be conclusively evidenced by execution of the Agreement <br /> 3. The President and Executive Director of the HRA are hereby authorized and <br />directed to execute all appropriate documents, including but not limited to the Agreement, to <br />effectuate the transaction contemplated by this Resolution. <br /> 4. The President and Executive Director of the HRA, staff and consultants are hereby <br />A-1 <br />433263v1 CBR RS275-8 <br /> <br />