HomeMy WebLinkAbout26-068 - ADMIN Resolution - City Council - 2026/05/04
Resolution No. 26-068
Approving acquisition of real property
Whereas, the St. Louis Park Economic Development Authority (“authority”) is the fee
owner of real property located in the City of St. Louis Park, County of Hennepin, State of
Minnesota, which is legally described as set forth in Exhibit A attached hereto (collectively, the
“Property”); and
Whereas, the authority has determined that the property is no longer needed to further
the mission and goals of the authority; and
Whereas, the City of St. Louis Park (“city”) has received an offer from a private party to
purchase the property, contingent upon the city acquiring the property from the authority; and
Whereas, the authority has authorized the conveyance of the property to the city
pursuant to the terms and conditions of the purchase agreement; and
Whereas, Minn. Stat. § 465.035 permits the city to acquire property from the authority
for no or nominal consideration, upon terms as agreed by the parties; and
Whereas, Minn. Stat. § 471.64, subd. 1, permits the city to enter a contract to acquire
the property from the authority without regard to statutory or charter provisions, including
Minn. Stat. § 462.356, subd. 2; and
Whereas, the property is subject to declaration of restrictive covenants in favor of
Hennepin County, which requires that $380,000.00 be paid to Hennepin County unless the
property is sold to a qualifying buyer,
Now therefore be it resolved by the city council of the City of St. Louis Park, Minnesota,
that:
1. The purchase agreement is hereby approved
2. The city manager is hereby authorized to take all actions necessary to effectuate
the transaction contemplated by this resolution. The city manager is also authorized to cancel
the transaction if the city manager determines it is in the city’s interest to do so.
3. City staff are directed to cause the quit claim deed for the property to be filed of
record in the Office of the Hennepin County Recorder or the Office of the Hennepin County
Registrar of Titles, as applicable
4. This resolution shall take effect immediately upon adoption.
Docusign Envelope ID: 84EDFEAC-CFBE-82C9-82F5-438AAB12E472
Reviewed for administration: Adopted by the city council May 4, 2026:
Kim Keller, city manager Nadia Mohamed, mayor
Attest:
Melissa Kennedy, city clerk
Docusign Envelope ID: 84EDFEAC-CFBE-82C9-82F5-438AAB12E472
Exhibit A
Legal Description of the Properties
The South 177 feet of the North 357 feet of the East 127 feet of the Southwest Quarter of the
Southeast Quarter of Section 6, Township 28, Range 24 West of the 4th Principal Meridian,
Hennepin County, Minnesota.
Docusign Envelope ID: 84EDFEAC-CFBE-82C9-82F5-438AAB12E472