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CITY OF ELK RIVER <br /> CITY COUNCIL <br /> <br /> RESOLUTION NO. 96- <br /> <br />A RESOLUTION AUTHORIZING EARLY ACQUISITION <br />OF INDIVIDUAL TRACTS PRIOR TO TI-IE APPROVAL <br />OF A REDEVELOPMENT PLAN AND PROJECT <br /> <br />The City Council of the City of Elk River (the "City"), acting pursuant to its authority in <br />Minn. Stat. § a69.028, hereby f'mds, determines and resolves as follows: <br /> <br />WHEREAS, <br /> <br />the City of Elk River Housing and Redevelopment Authority (HRA) has the <br />opportunity to acquire individual tracts of real property located in the vicimty <br />of King and Main Street: and <br /> <br />WHEREAS, the HRA and the City Council has yet to prepare and approve a redevelopment <br /> plan and project as provided in Minn. Stat. § 469.028, Subd. 2; and <br /> <br />WHEREAS, the HRA has determined the location of a proposed redevelopment project to <br /> be implemented in the vicinity of King and Main Street; and <br /> <br />WHEREAS, <br /> <br />Mina. Stat. 469.028, Sub& 5 authorizes the early acquisition of individual <br />tracts of real property prior to the approval of a redevelopment plan and <br />projects; and <br /> <br />WHEREAS, the subject matter of this resolution has been noticed for public hearing as <br /> required by Minn. Stat. § 469.028, Subd. 5; and <br /> <br />WHEREAS, <br /> <br />the City Council of the City of Elk River deems it advisable to approve the <br />early acquisition of individual tracts of real property in the vicinity of King <br />and Main Street; <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, as <br /> follows: <br /> <br />Acquisition of individual tracts of real property within the vicinity of <br />King and Main Street by the Elk River Housing and Redevelopment <br />Authority will contribute 'to the elimination of blight or deterioration <br />within that area of the City; <br /> <br />There is a feasible method for relocation of individuals, if any, to be <br />displaced by the proposed acquisition; and <br /> <br /> <br />