HomeMy WebLinkAbout00-12 - ADMIN Resolution - Economic Development Authority - 2000/09/18EDA RESOLUTION NO. 00-12
RESOLUTION AUTHORIZING EMINENT DOMAIN PROCEEDINGS
TO ACQUIRE CERTAIN REAL PROPERTY
4500 and 4510 Excelsior Boulevard
WHEREAS, the St. Louis Park Economic Development Authority (the "EDA") is an
economic development authority duly constituted and organized under law, with all of the powers
enumerated in Minnesota Statutes, Sections 469.090 to 469.1081 (the "EDA Act"); and
WHEREAS, the EDA is authorized to develop and cavy 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
St. Louis Park Redevelopment Project Area on March 19, 1990, and said plan was subsequently
modified on April 1, 1996, and October 3, 1996; and
WHEREAS, the EDA adopted a tax increment financing plan (the "TIF Plan") for the area
in the City of St. Louis Park ("City") 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 are located in the Project Area and which are more particularly
described in Exhibit A, attached hereto and incorporated herein; and
WHEREAS, in order to meet anticipated construction deadlines for the development
project contemplated 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 and 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.
EDA Resolution No, 00-12 -2-
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 each of the respective
portions of the Property, as determined by staff.
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 18th day of
2000.
ve Director President
Se retary