Laserfiche WebLink
• EXTRACT OF MINUTES OF MEETING <br /> OF THE BOARD OF COMMISSIONERS <br /> OF THE ECONOMIC DEVELOPMENT AUTHORITY <br /> OF THE CITY OF ELK RIVER, MINNESOTA <br /> HELD: April 14, 2008 <br /> Pursuant to due call and notice thereof, a meeting of the Board of Commissioners of the <br /> Economic Development Authority of the City of Elk River, Sherburne County, Minnesota, was <br /> duly called and held at the City Hall in the City of Elk River on Monday, the 14th day of April, <br /> 2008, at 5:30 o'clock p.m. <br /> The following Commissioners were present: <br /> President Gongoll,Commissioners Dwyer,Farber,Klinzing,Motin,Tveite,and Zerwas <br /> and the following were absent: None <br /> Commissioner Tveite introduced the following resolution and moved its adoption: <br /> RESOLUTION 08-04, AUTHORIZING THE <br /> SALE OF LAND <br /> A. WHEREAS, the Economic Development Authority of the City of Elk River, <br /> Minnesota (the "Authority") is the owner of certain real property located in the City of Elk <br /> River, Minnesota identified as Lot 4, Block 1, NORTHSTAR BUSINESS PARK, Sherburne <br /> County, Minnesota, Parcel Identification No. 75-757-0120 (the "Land"). <br /> B. WHEREAS, it has been proposed that the Authority sell the Land to Envision <br /> Company, LLC. (the "Purchaser"),pursuant to Minnesota Statutes, Section 469.029. <br /> C. WHEREAS, the Authority and the Purchaser have entered into a purchase <br /> agreement providing for the sale of the Land, contingent on, among other things, the approval of <br /> such sale following a public hearing (the "Purchase Agreement"). <br /> D. WHEREAS, the Authority has, on the date hereof, held a public hearing on such <br /> sale of the Land. <br /> E. WHEREAS, under the terms of the Purchase Agreement, the Purchaser is <br /> obligated to pay the Authority the purchase price of$1.00. <br /> NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the <br /> Economic Development Authority of the City of Elk River as follows: <br /> 1. The Board of Commissioners hereby approves the sale of the Land in accordance <br /> with the terms of the Purchase Agreement,the execution of which is hereby ratified. <br /> • <br /> 2161233v1 <br />