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23-059 (07-05) Authorize Transfer of Property at 47XX/4707 Circle Down tol HRADocuSign Envelope ID: 9C45DAF8-10EB-4898-AD73-6F188E85683D RESOLUTION NO. 23-059 A RESOLUTION AUTHORIZING TRANSFER OF REAL PROPERTY LOCATED AT 47XX/4707 CIRCLE DOWN TO THE HOUSING AND REDEVELOPMENT AUTHORITY WHEREAS, the City of Golden Valley (the "City") recognizes that its current housing environment severely underprovides affordable options, both in regard to rental and homeownership housing; WHEREAS, a shortage of quality affordable housing is not only damaging to the economic prosperity of the City and surrounding region, but actively restricts low -to - moderate income households from choosing to live in Golden Valley; WHEREAS, in addition, high housing costs contribute to both the historical and ongoing disparities in homeownership rates within the City, gatekeeping this key economic opportunity from those who might benefit from it the most; WHEREAS, addressing the affordable housing homeownership gap, through all means available, is one of the City's most expedient means of making itself a supportive and united community, strengthened by the diversity of its residents; WHEREAS, in recognition of the shortage of affordable homeownership housing, the City encourages the use of vacant, unused parcels of land located within and owned by the City or the HRA for the development of affordable homeownership housing; WHEREAS, affordable housing needs and opportunities shall be considered before surplusing public lands for other purposes that are non -essential to local government operation; WHEREAS, the Golden Valley City Council enacted Ordinance No. 727 Amending the City Code, Chapter 2 — Administration to Establish a New Ordinance to Prioritize Surplus Public Land for Affordable Housing on December 21, 2021; WHEREAS, in response to the City's enactment of Ordinance No. 727 to Prioritize Surplus Public Land for Affordable Housing, the Housing and Redevelopment Authority approved the Home Ownership Program for Equity and authorized the release of a Request for Qualifications process on June 21, 2022, and approved qualified developers on August 16, 2022; WHEREAS, the City and the HRA desire to develop certain real property pursuant to and in furtherance of the Home Ownership Program for Equity, said real property being described as follows: Address 47XX/4707 Circle Down and Legal Description attached as Exhibit A; and, DocuSign Envelope ID: 9C45DAF8-10EB-4898-AD73-6F188E85683D NOW, THEREFORE, BE IT RESOLVED, by the City of Golden Valley: FOR VALUABLE CONSIDERATION, the City of Golden Valley, a Minnesota municipal corporation hereby resolves to convey and quit claim to the Housing and Redevelopment Authority in and for the City of Golden Valley, a body corporate and politic under the laws of the State of Minnesota, real property in Hennepin County, Minnesota, legally described on the attached Exhibit A. Adopted by the City of Golden Valley, Minnesota this 5th day of July 2023. EDocuSigned by: �a'4 Shepar . Harris, Mayor ATTEST: DocuSigned by: Theresa J. chyma, City Clerk DocuSign Envelope ID: 9C45DAF8-10EB4898-AD73-6F188E85683D EXHIBIT A LEGAL DESCRIPTION Lot 2, Block 1, Moshou Addition, according to the plat thereof on file and of record in the office of the County Recorder in and for Hennepin County, Minnesota. (Abstract Property) AND That part of Tract A described below: Tract A. Lots 1, 3, and 4, Block 1, Moshou Addition, according to the plat thereof on file and of record in the office of the County Recorder in and for Hennepin County, Minnesota; which lies northerly of Line 1 described below: Line 1. Commencing at the east quarter corner of Section 30, Township 29 North, Range 24 West; thence westerly on an azimuth of 271 degrees 21 minutes 02 seconds along the east and west quarter line thereof for 2652.57 feet to the center of said Section 30; thence on an azimuth of 00 degrees 21 minutes 23 seconds for 701.35 feet to the point of beginning of Line 1 to be described; thence on an azimuth of 284 degrees 30 minutes 39 seconds for 34.03 feet; thence on an azimuth of 230 degrees 05 minutes 25 seconds for 2.96 feet; thence on an azimuth of 230 degrees 01 minute 59 seconds for 14.00 feet; thence on an azimuth of 320 degrees 01 minute 50 seconds for 130.14 feet; thence on an azimuth of 319 degrees 50 minutes 03 seconds for 144.27 feet; thence on an azimuth of 320 degrees 28 minutes 03 seconds for 168.10 feet and there terminating. (Abstract Property) DocuSign Envelope ID: 9C45DAF8-10EB-4898-AD73-6F188E85683D RESOLUTION NO. 23-060 A RESOLUTION AUTHORIZING TRANSFER OF REAL PROPERTY LOCATED AT 208 MEANDER ROAD TO THE HOUSING AND REDEVELOPMENT AUTHORITY WHEREAS, the City of Golden Valley (the "City") recognizes that its current housing environment severely underprovides affordable options, both in regard to rental and homeownership housing; WHEREAS, a shortage of quality affordable housing is not only damaging to the economic prosperity of the City and surrounding region, but actively restricts low -to - moderate income households from choosing to live in Golden Valley; WHEREAS, in addition, high housing costs contribute to both the historical and ongoing disparities in homeownership rates within the City, gatekeeping this key economic opportunity from those who might benefit from it the most; WHEREAS, addressing the affordable housing homeownership gap, through all means available, is one of the City's most expedient means of making itself a supportive and united community, strengthened by the diversity of its residents; WHEREAS, in recognition of the shortage of affordable homeownership housing, the City encourages the use of vacant, unused parcels of land located within and owned by the City or the HRA for the development of affordable homeownership housing; WHEREAS, affordable housing needs and opportunities shall be considered before surplusing public lands for other purposes that are non -essential to local government operation; WHEREAS, the Golden Valley City Council enacted Ordinance No. 727 Amending the City Code, Chapter 2 — Administration to Establish a New Ordinance to Prioritize Surplus Public Land for Affordable Housing on December 21, 2021; WHEREAS, in response to the City's enactment of Ordinance No. 727 to Prioritize Surplus Public Land for Affordable Housing, the Housing and Redevelopment Authority approved the Home Ownership Program for Equity and authorized the release of a Request for Qualifications process on June 21, 2022, and approved qualified developers on August 16, 2022; WHEREAS, the City and the HRA desire to develop certain real property pursuant to and in furtherance of the Home Ownership Program for Equity, said real property being described as follows: Address 208 Meander Road and Legal Description attached as Exhibit A; and, DocuSign Envelope ID: 9C45DAF8-10EB-4898-AD73-6F188E85683D NOW, THEREFORE, BE IT RESOLVED, by the City of Golden Valley: FOR VALUABLE CONSIDERATION, the City of Golden Valley, a Minnesota municipal corporation hereby resolves to convey and quit claim to the Housing and Redevelopment Authority in and for the City of Golden Valley, a body corporate and politic under the laws of the State of Minnesota, real property in Hennepin County, Minnesota, legally described on the attached Exhibit A. Adopted by the City of Golden Valley, Minnesota this 5th day of July 2023. �Doequ,S/i)gned by: eparHarris, Mayor ATTEST: rT DocuSigned by: l•�wi.� �e�sy+we 'TfiC eresa chyma, City Clerk DocuSign Envelope ID: 9C45DAF8-10EB-4898-AD73-6F188E85683D EXHIBIT A LEGAL DESCRIPTION The North 158.8 feet of Lot 4, Block 3, Tralee, according to the recorded plat thereof, Hennepin County, Minnesota. Being Registered land as is evidenced by Certificate of Title No. 434516 and 434517.