01-06 HRA Resolution
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Resolution 01-06
August 14, 2001
Commissioner Bakken introduced the following and moved its adoption:
RESOLUTION TERMINATING THE ACQUISITION BY
PURCHASE OR CONDEMNATION OF CERTAIN REAL
PROPERTY FOR THE REDEVELOPMENT OF THE
GOLDEN HILLS CENTRAL AREA
(Olympic Printing)
WHEREAS, in Resolution 00-02 adopted April 11 , 2000, the Housing and
Redevelopment Authority in and for the City of Golden Valley (the "HRA") authorized the
condemnation of certain real property described as Tract D, Registered Land Survey
No. 661, County of Hennepin known as the Olympic Printing Property; and
WHEREAS, in its 2001 session the Minnesota Legislature enacted laws
changing real estate taxation in a manner that severely reduces the revenues available
in the Golden Hills tax increment dis.trict; and
WHEREAS, the HRA does not at this time anticipate the availability of adequate
funds in the district to finance the condemnation indicated above.
NOW, THEREFORE, BE IT RESOLVED by the HRA as follows:
1. It is necessary, desirable and in the public interest to terminate
condemnation proceedings to acquire the parcel of land described as Tract D,
Registered Land Survey No. 661, County of Hennepin; and
2. The HRA staff and attorney or such other persons as necessary, are
hereby authorized and directed to take all necessary steps and procedures under
Minnesota Statutes, Chapter 117, including payment of all costs and fees required by
law, and execute all necessary documents to terminate the condemnation.
, Director
Motion for t adoption of the foregoing resolution was seconded by Anderson; and
upon a vo taken thereon, the following voted in favor thereof: Anderson, Bakken,
Johnson, LeSuer and Micks; and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted, signed by the Chair
and her signature attested by the Director.