HomeMy WebLinkAbout07-091 - ADMIN Resolution - City Council - 2007/09/04RESOLUTION NO. 07-091
RESOLUTION APPROVING PURCHASE AND REDEVELOPMENT CONTRACT
WITH THE ST. LOUIS PARK ECONOMIC DEVELOPMENT AUTHORITY,
UNITED PROPERTIES INVESTMENT LLC, AND PARK NICOLLET
METHODIST HOSPITAL AND AUTHORIZING CONVEYANCE OF
CITY PROPERTY TO THE ST. LOUIS PARK ECONOMIC
DEVELOPMENT AUTHORITY
BE IT RESOLVED by the City Council ("Council") of the City of St. Louis Park as
follows:
Section 1. Recitals.
1:01. The City of St. Louis Park (the "City") and the St. Louis Park Economic
Development Authority (the "Authority") have heretofore approved the establishment of
Redevelopment Project No. 1 (the "Project") pursuant to Minnesota Statutes, Sections 469.001 to
469.047.
1.02. To facilitate redevelopment of certain property in the Project, the City proposes to
enter into a Purchase and Redevelopment Contract (the "Contract") between the Authonty, the City,
United Properties Investment LLC (the "Redeveloper"), and Park Nicollet Methodist Hospital.
1.03. Pursuant to the Contract, the City will convey certain property legally descnbed in
Exhibit A attached hereto (the "Redevelopment Property") to the Authority, and the Authonty will
convey the Redevelopment Property to Redeveloper for development as a medical facility.
1.04. The City is authonzed to convey real property pursuant to Minnesota Statutes
Section 465.035 to any governmental subdivision for a nominal consideration, or pursuant to
Minnesota Statutes Section 471.64 to any other political subdivision of the State.
1.05. The City finds and determines that conveyance of the Redevelopment Property to
the Authority for reconveyance to the Redeveloper is for a public use within the meaning of
Minnesota law and is in the public interest because it will further the objectives of the Project.
Section 2. Contract Approved.
2.01. The Council hereby approves the Contract as presented to the Council, including
conveyance of the Redevelopment Property to the Authonty for reconveyance to Redeveloper, and
authonzes the Mayor and City Manager to execute such Contract in substantially the form on file
with the City, subject to a finding by the City Planning Commission that such conveyance complies
with the City's comprehensive plan and subject to modifications that do not alter the substance of
the transaction and are approved by such officials, provided that execution of the Contract by such
officials is conclusive evidence of their approval.
Resolution No. 07-091 -2-
2.02. City staff and officials are authonzed and directed to take any and all additional
steps and actions necessary or convenient in order to accomplish the intent of this Resolution,
incl . ding ithout limitation execution of any documents to which the City is a party referenced in
or . ttached to the Contract, and any deed or other document necessary to convey any portion of the
Re i evelop ent Property to the Authonty, all as described in the Contract.
Revie - d or Administration:
City
Attest:
a.
City Clerk
Adopted by the City Council September 4, 2007
Mayor
Resolution No. 07-091 -3-
RESOLUTION NO. 07-091
EXHIBIT A
Redevelopment Property
That part of the following described property:
Parcel 1:
Block 1 and that part of Block 2 lying Southeasterly of the Southeasterly line of Belt Line
Boulevard. Also that part of Block 7 lying Northeasterly of the Northeasterly line of
Monterey Dr. Westmoreland Park, according to the recorded plat thereof, and situate in
Hennepin County, Minnesota.
Parcel 2:
That part of the Northeast Quarter of the Southwest Quarter of Section 6, Township 28, Range
24, Hennepin County, Minnesota described as follows:
A tract of land 40 feet in width lying immediately north of and adjacent to the northerly
lines of Blocks 1 and 2, Westmoreland Park and lying easterly of the Southeasterly line
of Belt Line Boulevard.
Vacated Right-of-ways:
That part of the Northeast Quarter of the Southwest Quarter of Section 6, Township 28, Range
24, Hennepin County, Minnesota described as follows:
A tract of land lying southeasterly of a line 40 00 feet northerly of, measured at a right angle
to, and parallel with the north line of Westmoreland Park, that hes easterly of the southeasterly
line of Belt Line Boulevard and westerly of the northerly extension of the easterly line of
Block 1, said plat.
AND
That part of the Right-of-ways onginally dedicated in the plat of Westmoreland Park,
Hennepin County, Minnesota described as follows:
That part of 36 1/2 Street which lies easterly of the northeasterly line of Monterey Drive
and west of the centerline of Natchez Avenue;
AND
That part of Ottawa Avenue, which hes northerly of the northeasterly line of Monterey Drive
and south of the north line of said plat;
AND
That part of Natchez Avenue, which lies northerly of the northeasterly line of Monterey
Drive and south of the north line of said plat;