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HomeMy WebLinkAbout19-09 - ADMIN Resolution - Economic Development Authority - 2019/09/03EDA Resolution 19-09 A resolution approving acquisition of real property from the City of St. Louis Park Whereas, the City of St. Louis Park acquired property from Clear Channel in connection with a settlement of a condemnation matter, which property is legally described in Exhibit A attached hereto (“Property”); Whereas, the St. Louis Park Economic Development Authority (“EDA”) desires to acquire the Property to combine with EDA property abutting the Property for the eventual sale and economic development or redevelopment of the combined property; Whereas, to facilitate the eventual redevelopment of the Property, the City proposes to convey the Property to the EDA and the EDA desires to accept the conveyance; Now therefore be it resolved by the St. Louis Park Economic Development Authority as follows: 1. The acquisition of the Property from the City of St. Louis Park by quit claim deed is approved. 2. The EDA hereby finds and determines that the acquisition of the Property from the City has no relationship to the comprehensive municipal plan, in that the transfer of the Property is not for any currently specified use, and that at the time of any proposed conveyance of the Property for economic development or redevelopment, the EDA will notify the Planning Commission of the City and request written findings as to the compliance of such proposed conveyance with the City’s comprehensive municipal plan. Reviewed for Administration: Adopted by the Economic Development Authority September 3, 2019 Thomas K. Harmening, executive director Steve Hallfin, president Attest: Melissa Kennedy, secretary DocuSign Envelope ID: E964BABE-8026-4F38-9571-0D528B8570DB EDA Resolution No. 19-09 2 EXHIBIT A Lot 1, Block 158, except that part lying Southwesterly of a line drawn from a point in the Southeasterly line of said Lot 1 distant 110 feet Northeasterly of the Southwest corner of said Lot 1 to the Southwest corner of Lot 5, Block 323 said plat and there terminating; Lot 1, Block 159; and Lots 4 and 5, Block 323, all in “Rearrangement of St. Louis Park”. TOGETHER WITH That part of vacated Kilmer Lane, dedicated to the public as Frontage Road in the plat of Louisiana Alignment, originally platted as First Street N.W. in the plat of Rearrangement of St. Louis Park, described as follows: Beginning at the southwest corner of Lot 5, Block 323, Rearrangement of St. Louis Park, as said corner is shown and called for on the plat of said Louisiana Alignment; thence easterly on a bearing of North 89 degrees 30 minutes 12 seconds East, along the south line of said Lot 5, and along the easterly right of way line of said Frontage Road, a distance of 22.10 feet; thence South 25 degrees 40 minutes 40 seconds East along said easterly right of way line 50.63 feet; thence northwesterly 32.52 feet on a nontangential curve, concave southwesterly, having a radius of 466.00 feet, a central angle of 03 degrees 59 minutes 56 seconds, and a chord which bears North 63 degrees 38 minutes 00 seconds West to the northwesterly extension of the southwesterly line of Lot 1, Block 158, Rearrangement of St. Louis Park; thence North 25 degrees 40 minutes 40 seconds West 34.39 feet, more or less, to the point of beginning. That part of vacated Kilmer Lane, dedicated to the public as Frontage Road in the plat of Louisiana Alignment, originally platted as part of Lot 1, Block 158 in the plat of Rearrangement of St. Louis Park, described as follows: Commencing at the southwest corner of Lot 5, Block 323, Rearrangement of St. Louis Park as said corner is shown and called for on the plat of said Louisiana Alignment; thence easterly on a bearing of North 89 degrees 30 minutes 12 seconds East, along the south line of said Lot 5, and along the easterly right of way line of said Frontage Road, a distance of 22.10 feet; thence South 25 degrees 40 minutes 40 seconds East along said easterly right of way line 66.30 feet; thence North 89 degrees 30 minutes 12 seconds East along said easterly right of way line 44.70 feet to the point of beginning; thence South 58 degrees 13 minutes 30 seconds East along said easterly right of way line 92.06 feet to the most westerly corner of Lot 1, Block 1 of said Louisiana Alignment, said corner being on the south line of Lot 1, Block 158 of said plat of Rearrangement of St. Louis Park; thence South 64 degrees 19 minutes 20 seconds West along said south line of Lot 1, a distance of 13.72 feet to the northwesterly extension of the southerly curved boundary of said Lot l, Block 1, Louisiana Alignment; thence northwesterly 18.26 feet along said northwesterly extension on a nontangential curve, concave northeasterly, having a radius of 536.85 feet, a central angle of 01 degree 56 minutes 54 seconds and a chord which bears North 60 degrees 34 minutes 47 seconds West; thence North 59 degrees 36 minutes 20 seconds West, tangent to the previous curve, 89.38 feet to the easterly right of way line DocuSign Envelope ID: E964BABE-8026-4F38-9571-0D528B8570DB EDA Resolution No. 19-09 3 of said Frontage Road; thence North 89 degrees 30 minutes 12 seconds East along said easterly right of way 27.10 feet more or less, to the point of beginning. (Torrens Property/Certificate of Title No. 1428610) AND That part of vacated Kilmer Lane, dedicated to the public as Frontage Road in the plat of Louisiana Alignment, originally platted as First Street N.W. in the plat of Rearrangement of St. Louis Park, described as follows: Commencing at the southwest corner of Lot 5, Block 323, Rearrangement of St. Louis Park, as said corner is shown and called for on the plat of said Louisiana Alignment; thence easterly on a bearing of North 89 degrees 30 minutes 12 seconds East, along the south line of said Lot 5, and along the easterly right of way line of said Frontage Road, a distance of 22.10 feet; thence South 25 degrees 40 minutes 40 seconds East along said easterly right of way line 50.63 feet; thence northwesterly 32.52 feet on a nontangential curve, concave southwesterly, having a radius of 466.00 feet, a central angle of 03 degrees 59 minutes 56 seconds, and a chord which bears North 63 degrees 38 minutes 00 seconds West to the northwesterly extension of the southwesterly line of Lot 1, Block 158, Rearrangement of St. Louis Park, and point of beginning; thence westerly 37.02 feet on a nontangential curve, concave southerly, having a radius of 466.00 feet, a central angle of 04 degrees 33 minutes 06 seconds, and a chord which bears North 67 degrees 54 minutes 31 seconds West; thence North 11 degrees 09 minutes 45 seconds West 60.93 feet; thence North 82 degrees 39 minutes 36 seconds East 20.51 feet to the west line of said Lot 5; thence southerly 46.60 feet along said west line on a nontangenti al curve, concave easterly, having a radius of 548.70 feet, a central angle of 04 degrees 51 minutes 59 seconds, and a chord which bears South 13 degrees 27 minutes 07 seconds East to the southwest corner of said Lot 5; thence South 25 degrees 40 minutes 40 seconds East along the northwesterly extension of the southwesterly line of said Lot 1, Block 158, a distance of 34.40 feet to the point of beginning. (Abstract Property) DocuSign Envelope ID: E964BABE-8026-4F38-9571-0D528B8570DB