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HRA Res 2017-03 Transfer of Property (2) HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY COUNTY OF ANOKA STATE OF MINNESOTA RESOLUTION NO. 2017 - 03 A RESOLUTION REGARDING THE TRANSFER OF HRA PROPERTY TO THE CITY OF FRIDLEY BE IT RESOLVED by the Board of Commissioners (the “Board”) of the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota (the “Authority”) as follows: Section 1. Recitals. 1.01. It has been proposed that the Authority convey property (Parcel Identification Number 11-30-24-34-0002; Street Address: 7011 University Avenue N.E.) (the “Authority Property”) to the City of Fridley, Minnesota (the “City”) in order to combine the Authority Property with parcels owned by the City to allow platting and future development. 1.02 The Authority has performed all the actions required by law for the transfer of the Authority Property to the City. Section 2. Findings. 2.01. The Authority acquired the Authority Property in 2014. 2.02. The City intends to record a plat to be named “Locke Park Pointe” (the “Plat”) which is attached and which includes the Authority Property described as Parcel A in the legal description of the Plat. The City owns the balance of the property in the Plat described in the legal description as Parcels B and C. 2.03 After recording the Plat, the City is to convey those parcels on the Plat described as Outlots A, C and F to the Authority for redevelopment (the “Redevelopment Parcels”). Section 3. Authorizations. 3.01. The Chairperson and the Executive Director are hereby authorized to execute all documents convenient and necessary for the transfer of the Authority Property to the City and the transfer of the Redevelopment Parcels from the City to the Authority. th Adopted by the Board of the Authority this 6 day of April, 2017. ________________________________ Patricia Gabel, Acting Chairperson ATTEST: _________________________________ Walter T. Wysopal, Executive Director