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Res 2017-15 Transfer of Property from HRA RESOLUTION NO. 2017 – 15 A RESOLUTION REGARDING THE ACCEPTANCE OF PROPERTY FROM THE HOUSING AND REDEVELOPMENT AUTHORITY BE IT RESOLVED by the City Council for the City of Fridley, Minnesota (the “Council”) as follows: Section 1. Recitals. 1.01. It has been proposed that the Council accept conveyance of property (Parcel Identification Number 11-30-24-34-0002; Street Address: 7011 University Avenue N.E.) from the Housing & Redevelopment Authority (the “Authority”) 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 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 Mayor and the City Manager 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. PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS TH 24 DAY OF APRIL, 2017 . __________________________________ SCOTT J. LUND - MAYOR ATTEST: __________________________________ DEBRA A. SKOGEN - CITY CLERK