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HomeMy WebLinkAbout98-04 - ADMIN Resolution - Economic Development Authority - 1998/12/07EDA RESOLUTION NO. RESOLUTION AUTHORIZING EMINENT DOMAIN PROCEEDINGS TO ACQUIRE CERTAIN REAL PROPERTY WHEREAS, the St. Louis Park Economic Development Authority (the "EDA") is an economic and development authority duly constituted and organized under law, with all of the powers enumerated in Minnesota Statutes, Sections 469.090 to 469.123 (the "EDA Act"); and WHEREAS, the EDA is authorized to develop and cant' out redevelopment plans and redevelopment projects, as those terms are respectively defined in Minnesota Statutes, Section 469.002, subdivisions 16 and 14; and WHEREAS, the EDA adopted a redevelopment plan (the 'Redevelopment Plan") for the Excelsior Boulevard Development Project on February 7, 1977, and said Plan was amended on December 17, 1984. The Excelsior Boulevard Redevelopment Project Plan was incorporated into the St. Louis Park Redevelopment Project Area on March 19, 1990, and the latter plan was subsequently modified on April 1, 1996, October 7, 1996 and September 2, 1997; and WHEREAS, the EDA adopted a tax increment financing plan (the "TIF Plan") for the area in the City of St. Louis Park generally known as The Excelsior Boulevard Redevelopment Tax Increment Finance District within the St. Louis Park Redevelopment Project Area (the "Project Area") which has been found by the City Planning Commission to be consistent with the City's Comprehensive Plan, and which was approved by the City Council; and WHEREAS, the Plans, as modified, contemplate the acquisition of certain real property interests (the "Property") which is located in the Project Area and which is more particularly described in Exhibit A attached hereto and incorporated herein; and WHERKV, in order to meet anticipated construction deadlines for the development project I by the EDA, it is necessary for the EDA to acquire title to and possession of the Property by the earliest date permitted in accordance with Minn. Stat. § 117.042. NOW, THEREFORE, BE IT RESOLVED by The St. Louis Park Economic Development Authority as follows: 1. It is necessary to acquire the real estate interests which are described in Exhibit A to this resolution ("Property") in order for the EDA to carry out the purposes of the Plans, as modified, and the Act, to eliminate and prevent the development or spread of conditions of blight found to exist by the City and the EDA or to assure full utilization of property which is vacant, unused, underused, and inappropriately used. 2. Acquisition of the Property by eminent domain, in the manner provided by Minnesota Statutes, Chapter 117, is deemed to be necessary and for a public purpose and is hereby authorized. 3. The EDA deems it necessary for the reasons set forth in the Plans, as modified, and in order to meet anticipated construction schedules, to proceed without delay under Minnesota Statutes, Section 117.042, to acquire title to and possession of the Property prior to the filing of a final report of commissioners. 4. The EDA's attorney and staff are authorized and directed to commence eminent domain proceedings to acquire the Property to utilize the authority to cause early transfer of title and possession of the Property pursuant to Minnesota Statutes, Section 117.042, and to pay to the owner(s) or into court, a sum of money to secure compensation to the owners of the Property, which amount shall be equal to petitioner's approved appraisal of value for the Property, as determined by staff. 5. The Property to be acquired is described on the attached Exhibit A. 6. All parties displaced from said Property who qualify for relocation assistance under applicable federal regulations shall be provided with such assistance. Adopted by the St. Louis Park Economic Development Authority this 7th day of December, 1998. Reviewed for Administration: Executive Director Attest Seefetary Adopted by the Eonomic Development Authority GENERAL PROPERTY INFORMATION 4700 EXCELSIOR BOULEVARD OWNERS: CURRENT USE: ZONING: YEAR BUILT: LOT SIZE: STRUCTURE: ASSESSED VALUE: TAXES: Stephen and Fay Gold Bar/Restaurant C2 (General Commercial) 1957 (original structure), addition in 1988 63,000 square feet (approx.) 7,977 GBA Above Grade (Pay 1998) $971,500.00 (Pay 1998) $ 55,054.00 (Legal Descriptions of Property to Be Acquired in Fee Simple) Parcel A: (Abstract Property) That part of Lot 1, Block 4, Mmikanda Vista Vd Addition lying South of a line parallel to and thirty-three (33) feet Northwesterly from, measured perpendicular to, the Southwest line of said Lot 1, and lying West of a line parallel to and 103.0 feet Southwesterly from, measured perpendicular to, the Northeast line of said Lot 1, according to the recorded plat thereof and situate in Hennepin County, Mmnesota. And Parcel B: (Abstract Property) Lot 13, Block 4, Minikanda Vista 2"d Addition, except that part of Lot 13, Block 4, NEnikanda Vista Second Addition described as follows: Commencing at the Northwest comer of Lot 13; thence South along the West line a distance of forty (40) feet; thence Northeasterly to a point on the North line of Lot 13 to a point ninety-five (95) feet East of the point of beginning; thence West along the North line of Lot 13 to the point of beginning, according to the recorded plat thereof, and situate in Hennepin County, Minnesota. And Parcel C: (Torrens Property, Certificate of Title No. 633137) Lots 2, 3, 4, 12 and the Easterly '/2 of Lot 5; That part of Lot 14, lying Southerly of a line drawn from a point on the South line of said Lot 14 distant 95 feet Easterly from the Southwest comer of said Lot 14 to a point on the Easterly line of said Lot 14 distant 20 feet Northwesterly of the Southeast corner thereof, all in Block 4, "Miiukanda Vista 2"d Addition, Hennepin County", according to the plat thereof on file or of record in the Office of the Register of Deeds in and for said County. Together with an easement across the boulevards and sidewalk in front of the Westerly 25 feet of said Lot 5, as shown in Deed Document No. 384774, Files of Registrar of Titles. And Parcel D: (Torrens Property, Certificate of Title No. 618319) Westerly '/2 of Lot 5, and All of Lots 6, 7 and 8, Block 4, "Minikanda Vista 2"d Addition, Hennepin County", according to the plat thereof on file or of record in the Office of the Register of Deeds in and for said County. Together with an easement across the boulevards and sidewalk in front of the Easterly 25 feet of said Lot 5 as shown in Deed Document No. 384774, files of Registrar of Titles. (located at 4700 Excelsior Boulevard, St. Louis Park, MN 55416). All of which parcels shall be acquired together with adjacent streets and alleys, vacated or to be vacated, and all appurtenant easements, gaps, overlaps and gores.