HomeMy WebLinkAbout00-132RESOLUTION 00-132
A RESOLUTION AUTHORIZING ACQUISITION
OF REAL PROPERTY
Motion By: ERICSON Second By: ZIESKA
WHEREAS, the City desires to remove blight from the corporate limits of Prior Lake and encourage the
redevelopment of the Priordale Mall / Ring Road area; and
WHEREAS, the City Council intends to reimburse itself for development and redevelopment related
expenses including property acquisition costs contemplated in this resolution through tax
increment financing; and
WHEREAS, the City Council desires to support Downtown redevelopment efforts; and
WHEREAS, the .83 acre TJ Towing Property at 16675 Franklin Trail contains blight and substandard
structures and is available for purchase; and
WHEREAS, the 30'x40' Hennen Property at 16220 Main Street which will ultimately be redeveloped as
part of the Downtown revitalization effort is available for purchase; and
WHEREAS, purchase agreements satisfactory to Buyer and Sellers have been voluntarily negotiated
and executed by the Sellers.
Now THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA that:
1. The recitals as set forth above are included herein in their entirety as if fully set forth.
2. The acquisition of each parcel is hereby approved.
3. The Mayor and City Manager are authorized to execute all necessary documents to effectuate
the transactions.
4. Funding for the acquisitions will be drawn from the General Fund Reserve Balance.
PASSED AND ADOPTED THIS 18TM DAY OF DECEMBER, 2000.
YES NO
Mader × Mader
Ericson X Ericson
Gundlach X Gundlach
Petersen X Petersen
Zieska X Zieska
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
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