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HomeMy WebLinkAbout18-048 - ADMIN Resolution - City Council - 2018/03/19RESOLUTION NO. 18-048 RESOLUTION 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 (the "City") as follows: Section 1. Recitals. 1.01. The St. Louis Park Economic Development Authority ("Authority") administers Redevelopment Project No. 1 (the 'Project"), pursuant to Minnesota Statutes, Sections 469.090 to 469.1082, as amended, to promote economic redevelopment opportunities and to promote the development of land which is underutilized within the City. 1.02. 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. 1.03. The Authority is considering an offer to enter into a Purchase and Redevelopment Contract (the "Agreement") between the Authority and SLP Park Ventures LLC (the "Redeveloper"), under which among other things the Authority will convey certain property currently owned by the City, located within the Project and described as attached in Exhibit A (the "City Parcels") to the Redeveloper to facilitate the development of certain Redevelopment Property, including the City Parcels. 1.04. The City is authorized 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 Authority is a political subdivision of the State pursuant to Minnesota Statutes, Section 469.091, Subdivision 2. 1.06. The City finds and determines that conveyance of the City Parcels to the Authority, pursuant to the terms and conditions of the Agreement, is for a public purpose and is in the public interest because it will further the objectives of the Project. 1.07. The City further finds and determines that conveyance by the Authority of the City Parcels to the Redeveloper, pursuant to the terms and conditions of the Agreement, is for a public purpose and is in the public interest because it will further the objectives of the Project. 1.08. On October 4, 2017, the Planning Commission of the City reviewed the plans for development of the Redevelopment Property by the Redeveloper, including the City Parcels, found that such development is consistent with the City's comprehensive plan, and recommended approval of the final plat of the Redevelopment Property. Section 2. Authorization. 2.01. The Council approves the conveyance of the City Parcels to the Authority by quit claim deed for re -conveyance to the Redeveloper, subject to approval by the Authority of the Agreement and satisfaction of the conditions for closing provided therein, and authorizes and directs city staff and officials to execute the deed and related documents necessary to facilitate the transaction Resolution No. 18-048 referenced herein and contemplated herein, with all such actions to be in accordance with the terms and conditions set forth in this Resolution and in the Agreement. 2.02. City staff and officials are authorized and directed to take any and all additional steps ons necessary or convenient in order to accomplish the intent of this Resolution. Administration: Adopted by the City Council March 19, 2018 City Manager Attest W, L �- IAIUAJ Melissa pnedy, C r Resolution No. 18-048 3 EXHIBIT A City Parcels That part of Trunk Highway No. 12 as shown on MINNESOTA DEPARTMENT OF TRANSPORTATION RIGHT OF WAY PLAT NO. 27-23 described as follows: Beginning at right of way Boundary corner 133; thence on an assumed azimuth of 1 degree 05 minutes 15 seconds along the boundary line of said plat a distance of 86.85 feet to Right of Way Boundary Corner 134; thence deflect to the right 83.74 feet along a non-tangential curve concave to the northwest and passing through Right of Way Boundary Corner B5, having a radius of 2083.24 feet, central angle of 2 degrees 18 minutes 11 seconds, chord azimuth of 48 degrees 18 minutes 24 seconds and chord distance of 83.73 feet; thence on an azimuth of 91 degrees 27 minutes 32 seconds a distance of 98.89 feet; thence southwesterly deflecting to the right on a non- tangential curve concave to the northwest having a radius of 788.53 feet, delta angle of 15 degrees 42 minutes 58 seconds, and a chord azimuth of 229 degrees 07 minutes 59 seconds and chord distance of 215.62 feet to the East line of parcel 44 as shown on said plat 27-23; thence north along said East line of Parcel 44 to the point of beginning. UUCP That part of Trunk Highway No. 12 as shown on MINNESOTA DEPARTMENT OF TRANSPORTATION RIGHT OF WAY PLAT NO.27-23 which lies southwesterly and southerly of Line 1, said Line 1 being described as follows: Line 1: Commencing at Right of Way Boundary Corner B212 as shown on said Plat No. 27-23; thence Northerly on an azimuth of 00 degrees 13 minutes 27 seconds along the West line of the boundary of said Plat No. 27-23 a distance of 484.26 feet to Right of Way Boundary Corner B21 I and the point of beginning of the line being described; thence Easterly on an azimuth of 101 degrees 20 minutes 23 seconds along the boundary of said Plat No. 27-23 a distance of 214.28 feet to Right of Way Boundary Corner B 1; thence continue on an azimuth of 101 degrees 20 minutes 23 seconds 93.00 feet; thence deflect to the left 350.87 feet on a non-tangential curve, concave to the North and passing through Right of Way Boundary Corner B2 as shown on said Plat No. 27-23, having a radius of 763.94 feet, a delta angle of 26 degrees 18 minutes 56 seconds, and a chord azimuth of 70 degrees 47 minutes 34 seconds to the Easterly line of said Parcel 44; thence on an azimuth of O1 degree 05 minutes 15 seconds 7.37 feet to Right of Way Boundary Corner B3 as shown on said Plat No. 27-23 and there terminating. And northerly of the following described line and its easterly extension: Commencing at the point of intersection of the West line of the Southeast Quarter of the Northeast Quarter of said Section I with the most southerly line of Lot 1, Block 7, SHELARD PARK; thence on an assumed bearing of South 0 degrees 39 minutes 11 seconds West along said West line a distance of 187.99 feet to the point of beginning of the line being described; thence along a non- tangential curve concave to the northeast having a radius of 788.53 feet, central angle of 7 degrees 43 minutes 57 seconds, chord bearing of South 78 degrees 42 minutes 56 seconds East to its intersection with the most westerly extension of the southerly line of said Parcel 44; thence easterly along said extension of the most southerly line of said Parcel 44 to its intersection with Line 1 described above, and said line there ending.