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RESOLUTION NO. <br />ECONOMIC DEVELOPMENT AUTHORITY <br /> CITY OF ELK RIVER <br /> COUNTY OF SHERBURNE <br /> STATE OF MINNESOTA <br /> <br />A RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY FOR THE <br />CITY OF ELK RIVER AUTHORIZING THE ACQUISITION OF CERTAIN REAL <br />PROPERTY LOCATED IN AND RELATED TO TAX INCREMENT FINANCING <br />DISTRICT NO. 19 IN THE CITY OF ELK RIVER BY NEGOTIATION OR <br />CONDEMNATION, THE DEMOLITION OF ALL STRUCTURES CURRENTLY <br />LOCATED THEREON, AND THE RELOCATION OF ALL AFFECTED PROPERTY <br />OWNERS AND TENANTS <br /> <br /> WHEREAS, the Economic Development Authority for the City of Elk River, Sherburne <br />County, Minnesota, ("EDA"), is a public body corporate and politic duly organized and existing <br />in accordance with the provisions of the Minnesota Economic Development Authorities Act, <br />Minn. Stat. §§ 469.090 through 469.1081, as amended, and the provisions of its Enabling <br />Resolution, Resolution No. 87-63 of the City Council of the City of Elk River, as amended; <br /> <br /> WHEREAS, the EDA has the power and authority to acquire real property by <br />negotiation and condemnation pursuant to and in accordance with the provisions of Minn. Stat. <br />§ 469.101, Minn. Stat. § 469.012, as incorporated by Minn. Stat. § 469.091, and Minn. Stat. <br />§ 469.126, as incorporated by Minn. Stat. § 469.091; <br /> <br /> WHEREAS, the City of Elk River adopted the Elk River 1995 Comprehensive Plan <br />("Comprehensive Plan") on December 18, 1995 and the East Elk River Urban Services Area <br />Planning Study ("Planning Study") in May, 1997; <br /> <br />RoaoH 979349.1 <br /> <br /> <br />