HomeMy WebLinkAbout21-03 - ADMIN Resolution - Economic Development Authority - 2021/03/15EDA Resolution No. 21-03
Resolution consenting to Impound Lot Lease Extension between the
city of St. Louis Park and Bobby & Steve’s Auto World Eden Prairie LLC
Whereas, the Board of Commissioners (the “Board”) of the St. Louis Park Economic
Development Authority (the “Authority”) currently administers its Redevelopment Project No. 1
("Project") pursuant to Minnesota Statutes, Sections 469.001 to 469.047 ("HRA Act"), is authorized
to operate within the Project; and
Whereas, the City of St. Louis Park (“City”) and Bobby & Steve’s Auto World Eden Prairie
LLC (the “Provider”) entered into (i) a Lease Agreement dated as of March 28, 2018 (the “Lease”),
regarding the lease of real property at 5100 Park Glen Road (“Water Tower Property”) for use as a
city impound lot, and (ii) a related Vehicle Towing and Impounding Agreement dated March 28,
2018 (the “Impounding Agreement”), and propose to enter into an extension of the Lease and
Impounding Agreement through March 31, 2022 (the “Extension”); and
Whereas, the Water Tower Property is scheduled to be temporarily unavailable for use
due to maintenance on the water tower during a portion of the term of the Extension, and
therefore the City and the Provider propose to temporarily relocate the impound lot on other
property within the City; and
Whereas, the Authority owns vacant property located at 7250 State Highway 7 within the
Project and the City (the “Authority Property”), which Authority Property has been proposed as
the temporary location of the Provider’s activities under the Extension; and
Whereas, the City and Provider have requested that the Authority consent to the
Extension and to the temporary use of the Authority Property as provided in the Extension; and
Whereas, the Board finds that the services provided to the City under the Extension
constitute an essential service; and
Whereas, the Board has reviewed the Extension and the Landowner Consent (the
“Consent”) attached thereto, and finds that the approval and execution of the Consent are in the
best interest of the City and its residents.
Now, therefore, be it resolved by the Board of Commissioners of the St. Louis Park
Economic Development Authority as follows:
A. The Extension, including the Consent attached thereto, as presented to the Board is
hereby in all respects approved, subject to modifications that do not alter the substance of the
transaction and that are approved by the President and Executive Director, provided that
execution of the Consent by such officials shall be conclusive evidence of approval.
B. The President and Executive Director are hereby authorized to execute on behalf of
the Authority the Consent attached to the Extension.
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EDA Resolution No. 21-03 2
C. Authority staff and consultants are authorized to take any actions necessary to
carry out the intent of this resolution.
Reviewed for Administration: Adopted by the Economic Development
Authority March 15, 2021
Thomas K. Harmening, executive director Tim Brausen, president
Attest:
Melissa Kennedy, secretary
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