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Ordinance No. 1376 11-12-2019 ORDINANCE NO. 1376 AN ORDINANCE UNDER SECTION 12.06 OF THE CITY CHARTER AND MINNESOTA STATUTES SECTION 465.035 REGARDING CERTAIN REAL ESTATE AND AUTHORIZING THE CONVEYANCE THEREOF SECTION 1. The City of Fridley is the fee owner of the several tracts of land previously platted as Fridley Plaza Center and the historical plats underlying same, all within the City of Fridley, Anoka County, State of Minnesota. Previously, the City, by Quit Claim Deed dated February 5, 2019, recorded February 8, 2019, transferred ownership of Lots 6, 8, 9, 10, 11, 12 and 13, Block 1, Fridley Plaza Center, according to the recorded plat thereof, Anoka County, Minnesota, to the HRA (“Prior Conveyance”). Subsequent title company searches have now revealed historical City ownership interest in additional lots and blocks underlying the property previously platted as Fridley Plaza Center, now platted as Fridley Senior Addition, which ownership interest was not previously known to the HRA at the time of the Prior Conveyance. In order to transfer fee ownership from the City to the HRA of any and all interests held by the City in the property now platted as Fridley Senior Addition, so as to prepare same for redevelopment, the City wishes to transfer via Quit Claim Deed any ownership interest in holds in the property now platted as Lots 1, 2 and 3, Block 1, Fridley Senior Addition, according to the recorded plat thereof, Anoka County, Minnesota (the “Lots”) to the HRA. SECTION 2. The City Council hereby determines the following: A. The City no longer has any reason to continue to own the Lots, and the City Council is hereby authorized to transfer the Lots to the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota (the “Authority”) for disposal. B. The Lots are to be part of a redevelopment project (the “Project”) undertaken by the Authority. C. After redevelopment of the Project, the Authority will transfer any sales proceeds, less its expenses, to the City. SECTION 3. The Mayor and City Clerk are hereby authorized to sign the necessary contracts and deeds to effect the transfer of the above described real estate. Ordinance No. 1376 Page 2 PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS th 12 DAY OF NOVEMBER, 2019. SCOTT J. LUND – MAYOR ATTEST: ________________________________ DANIEL TIENTER – CITY CLERK Public Hearing: October 28, 2019 First Reading: October 28, 2019 Second Reading: November 12, 2019 4844-7775-4281, v. 2