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HomeMy WebLinkAbout22-051 - ADMIN Resolution - City Council - 2022/04/04Resolution No. 22-051 Resolution authorizing conveyance of property to the St. Louis Park Economic Development Authority Whereas, the St. Louis Park Economic Development Authority (“Authority”) administers Redevelopment Project No. 1 (the "Project"), pursuant to Minnesota Statutes, Sections 469.090 through 469.1082, as amended, to promote economic redevelopment opportunities and to promote the development of land which is underutilized within the City of St. Louis Park, Minnesota (the “City”); and Whereas, pursuant to the Act, the Authority is authorized to acquire real property, or interests therein, and to undertake certain activities to facilitate the development or redevelopment of real property by private enterprise; and Whereas, the City owns the property legally described in Exhibit A attached hereto (the “City Property”); and Whereas, the Authority is considering entering into a purchase agreement (the “Agreement”) with Sherman Associates, Inc., or an entity related thereto or affiliated therewith (collectively, the “Redeveloper”), pursuant to which the Authority will convey a portion of the City Property to the Redeveloper to facilitate a mixed-use development in the Project and a portion of the City Property including certain rights of ways back to the City after replatting; and Whereas, the City is authorized to convey real property pursuant to Minnesota Statutes, Section 465.035, as amended, to any governmental subdivision for a nominal consideration, or pursuant to Minnesota Statutes, Section 471.64, as amended, to any other political subdivision of the State of Minnesota (the “State”); and Whereas, the Authority is a political subdivision of the State pursuant to Minnesota Statutes, Section 469.091, subdivision 2, as amended; and Whereas, the City finds and determines that conveyance of the City Property to the Authority is for a public purpose and is in the public interest because it will further the objectives of the Project; and Whereas, the City finds and determines that conveyance by the Authority of a portion of the Redevelopment Property to the Redeveloper and the conveyance of a portion of the City Property containing rights of way back to the City, are for a public purpose and are in the public interest because such actions will further the objectives of the Project; and Now, therefore, be it resolved by the City Council of the City of St. Louis Park, Minnesota as follows: DocuSign Envelope ID: 89238EAA-73DA-437A-A307-DC8DD1FECE14 Resolution No. 22-051 2 1. The City Council of the City approves the conveyance of the City Property to the Authority by quit claim deed for reconveyance to the Redeveloper and reconveyance of certain rights of ways back to the City after replatting, and authorizes and directs city staff and officials to execute the deed and related documents necessary to facilitate the transaction referenced herein and contemplated herein, with all such actions to be in accordance with the terms and conditions set forth in this resolution. 2. City staff and officials are authorized and directed to take any and all additional steps and actions necessary or convenient in order to accomplish the intent of this resolution. Reviewed for administration: Adopted by the City Council April 4, 2022 Kim Keller, city manager Jake Spano, mayor Attest: Melissa Kennedy, city clerk DocuSign Envelope ID: 89238EAA-73DA-437A-A307-DC8DD1FECE14 Resolution No. 22-051 3 Exhibit A Legal description of City property The property located within the City of St. Louis Park, Hennepin County, Minnesota legally described as follows: Lot 17, Block 1, Lewiston Park, Hennepin Co. Minn. And Lot 1, 2, 3, 4, 13, 14, 15 and 16, Block 1, Lewiston Park, Hennepin Co. Minn., except that part of said Lots described as follows: Commencing at the Southeast corner of said Lot 4; thence Westerly along the South line of said Lot 4, a distance of 6.00 feet to the point of beginning of the tract of land to be described; thence North 00 degrees 19 minutes 53 seconds East, assumed bearing, parallel with the East line of Lots 5 and 6, said Block 1, a distance of 114.27 feet; thence Northwesterly along a tangential curve to the left having a radius of 15.00 feet and a central angle of 61 degrees 46 minutes 23 seconds, a distance of 16.17 feet; thence North 61 degrees 26 minutes 30 seconds West, tangent to said curve, a distance of 40.60 feet; thence Westerly alon g a tangential curve to the left, having a radius of 24.00 feet and a central angle of 76 degrees 35 minutes 00 seconds, a distance of 32.08 feet; thence Southwesterly along a reverse curve to the right, having a radius of 361.58 feet and a central angle o f 26 degrees 53 minutes 32 seconds, a distance 169.71 feet; thence South 43 degrees 00 minutes 19 seconds, West, not tangent to said curve, a distance of 71.07 feet to the intersection with a line distant 46.00 feet Easterly of as measured at a right angle to and parallel with hereinafter described "Line A"; thence Southerly along said parallel line, a distance of 26.00 feet to the South line of said Lot 13; thence Easterly along said South line and the easterly extension thereof, a distance of 128.10 feet to the centerline of alley; thence Northerly along the centerline of said Alley, a distance of 32.65 feet to the intersection with the westerly extension of the South line of said Lot 4; thence Easterly along said Westerly extension and along the South line of said Lot 4, a distance of 130.61 feet to the point of beginning. Said "Line A" is described as follows: Commencing at the most Southerly corner of Lot 1, Block 1 Belt Line Industrial Park 2nd Addition, thence South 59 degrees 15 minutes 24 seconds East of an assumed bearing along the Southeasterly extension of the Southwesterly line of said Lot 1 a distance of 40.00 feet to the point of beginning of said line; thence North 30 degrees 44 minutes 36 seconds East 112.38 feet; thence Northerly 768.57 feet along a tangential curve concave to the West having a radius of 785.30 feet and a central angle of 56 degrees 04 minutes 30 seconds; thence North 25 degrees 19 minutes 54 seconds West, tangent to last described curve 180.04 feet; thence Northerly 589.17 feet along a tangential curve concave to the East having a radius of 1268.10 feet a central angle of 26 degrees 37 minutes 12 seconds, said line there terminating. Torrens Property - Certificate Title No. 697371 AND DocuSign Envelope ID: 89238EAA-73DA-437A-A307-DC8DD1FECE14 Resolution No. 22-051 4 Lots 9 and 19, Block 2; Those parts of Lots 10, 11, 17, 18, Block 2, lying north of the southerly right-of-way line of State Trunk Highway No. 7; That part of Natchez Avenue vacated, lying east of the West line of the Northwest Quarter of the Northeast Quarter of Section 6, Township 28, Range 24, north of the southerly right-of-way line of State Trunk Highway No. 7, and southerly of a line hereinafter referred to as Line 1; That part of the vacated alley in Block 2 lying north of the southerly right-of-way line of State Trunk Highway No. 7, and southerly of the aforementioned Line 1. All in "Oakenwald Addition St. Louis Park," Hennepin County, Minnesota; Line 1 is described as commencing at the north quarter corner of Section 6, Township 28, Range 24, said county; thence South 00 degrees 26 minutes 06 seconds West, assumed bearing along the north – south quarter line of said Section 6, a distance of 1092.89 feet to the point of beginning; thence North 73 degrees 14 minutes 47 seconds East 51.97 feet; thence northeasterly 174.11 feet along a non- tangential curve concave to the northwest, having a radius of 5790.08 feet, a central angle of 01 degrees 43 minutes 22 seconds, and a chord bearing of North 67 degrees 56 minutes 18 seconds East, and said line there terminating. AND That part of West 32nd Street, vacated, lying southerly of the centerline thereof, westerly of the northerly extension of the east line of Lot 1, Block 1, said plat of Lewiston Park, and easterly of a line hereinafter referred to as Line 2; That part of Natchez Avenue, vacated, lying southerly of the centerline of West 32nd Street, northerly of the north line of Lot 4, Block 1, Dalquist Industrial Park, Hennepin County, and west of the West line of the Southwest Quarter of the Northeast Quarter of Section 6, Township 28, Range 24; That part of the vacated alley adjoining Block 1, said plat of Lewiston Park, lying southerly of West 32nd Street and northerly of Lot 1, Block 1, Brooks McCracken Industrial Park, Hennepin County. Line 2 is described as commencing at the north quarter corner of Section 6, Township 28, Range 24, said county; thence South 00 degrees 26 minutes 06 seconds West, assumed bearing along the north – south quarter line of said Section 6, a distance of 1092.89 feet; thence South 73 degrees 14 minutes 47 s econds West 10.28 feet; thence southwesterly 220.70 feet along a non-tangential curve concave to the northwest, having a radius of 5802.14 feet, a central angle of 02 degrees 10 minutes 46 seconds, and a chord bearing of South 70 degrees 30 minutes 32 seconds West; thence South 67 degrees 02 minutes 58 seconds West, not tangent to said curve, 65.29 feet to the point of beginning of the line to be described; thence South 00 degrees 20 minutes 22 seconds East 298.91 feet, and said line there terminating. DocuSign Envelope ID: 89238EAA-73DA-437A-A307-DC8DD1FECE14 Resolution No. 22-051 5 AND Lots 12, 13, 14, 15 and 16, Block 2, Mazey & Langan's Addition To St. Louis Park, according to the recorded plat thereof, Hennepin County, Minnesota. AND The east 37 feet of Lot 4, Block 1, Dalquist Industrial Park, according to the recorded plat thereof, Hennepin County, Minnesota. AND That part of West 32nd Street, vacated, lying northerly of the centerline thereof, westerly of the southerly extension of the east line of Lot 14, Block 2, said plat of Mazey & Langan's Addition To St. Louis Park, and easterly of the aforementioned Line 2; That part of Natchez Avenue, vacated, lying northerly of the centerline of West 32nd Street, southerly of a line hereinafter referred to as Line 3, and west of the West line of the Northwest Quarter of the Northeast Quarter of Section 6, Township 28, Range 24; That part of the alley adjoining Block 2, said plat of Mazey & Langan's Addition To St. Louis Park lying northerly of West 32nd Street and southerly of the aforementioned Line 3; Line 3 is described as commencing at the north quarter corner of Secti on 6, Township 28, Range 24, said county; thence South 00 degrees 26 minutes 06 seconds West, assumed bearing along the north – south quarter line of said Section 6, a distance of 1092.89 feet; thence South 73 degrees 14 minutes 47 seconds West 10.28 feet; thence southwesterly 220.70 feet along a non-tangential curve concave to the northwest, having a radius of 5802.14 feet, a central angle of 02 degrees 10 minutes 46 seconds, and a chord bearing of South 70 degrees 30 minutes 32 seconds West, and said line there terminating. DocuSign Envelope ID: 89238EAA-73DA-437A-A307-DC8DD1FECE14