90-06 HRA Resolutions
.
.
.
Resolution 90-6
April 17, 1990
Commissioner Bakken introduced the following resolution and moved its adoption:
RESOLUTION RATIFYING THE PURCHASE OF
4130 OLSON MEMORIAL HIGHWAY (OTTO BOCK),
4240 OLSON MEMORIAL HIGHWAY (ACTION ELECTRIC),
AND THE GLENWOOD JUNCTION RAILROAD YARDS OWNED BY THE
SOO LINE RAILROAD COMPANY AND THE CHICAGO AND NORTH WESTERN TRANSPORTATION CO.
WHEREAS, Resolution 90-4, a "Resolution for Findings and Determinations
Approving the Sale of Certain Real Property in the North Wirth Redevelopment
Area", adopted February 20, 1990, authorized and empowered the Director of the
Housing and Redevelopment Authority to take all necessary steps to acquire
property as required by the Dahlberg Inc. Private Development Agreement; and,
WHEREAS, the Director has entered into purchase agreements attached as
Exhibits I, II and III, to purchase the following properties at the stated
amounts, with closing occurring as noted:
4130 Olson Memorial Hwy. (Otto Bock)
(closing April 11, 1990)
4240 Olson Memorial Hwy. (Action Electric)
(closing April 12, 1990)
- $ 767,000
- $ 240,000
- $1,652,080.50
Soo Line Railroad Co. Property
(closing April 6, 1990)
Chicago and North Western Transportation Co. Property - $ 100,662.50
(closing April 6, 1990)
NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment Authority
in and for the City of Golden Valley, Minnesota, that it hereby ratifies the
above purchases.
The motion for he adoption of the foregoing resolution was seconded by
Commissioner Johnson and upon a vote being taken thereon, the following voted in
favor thereof: Anderson, Bakken, Johnson, Stockman; and the following was
absent: Thompson; and the following voted against the same: none, whereupon
said resolution was declared duly passed and adopted, signed by the Chair and
his signature attested by the Director.