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CITY OF ELK KIVER CITY COUNCIL KESOLUTION NO. 96- 37 A KESOLUTION AUTHOKIZING EARLY ACQUISITION OF INDMDUAL TRACTS PRIOR TO THE APPROVAL OF A REDEVELOPMENT PLAN AND PROIECT The City Council of the City of Elk River (the "City"), acting pursuant to its authority in Minn. Stat. § 469.028, hereby finds, determines and resolves as follows: WHEREAS, the City of Elk River Housing and Redevelopment Authority (HRA) has the opportunity to acquire individual tracts of real property located in the vicinity of King and Mare Street: and WHEREAS, the HRA and the City Council has yet to prepare and approve a redevelopment plan and project as provided in Minn. Stat. § 469.028, SuM. 2; and WHEREAS, the HRA has determined the location of a proposed redevelopment project to be implemented in the vicinity of King and Main Street; and WHEREAS, Minn, Stat. 469.028, SuM. 5 authorizes the early acquisition of individual tracts of real property prior to the approval of a redevelopment plan and projects; and WHEREAS, the subject matter of this resolution has been noticed for public hearing as required by Minn. Stat. § 469.028, Subd. 5; and the City Council of the City of Elk River deems it advisable to approve the early acquisition of individual tracts of real property in the vicinity of King and Main Street; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, as follows: Acquisition of individual tracts of real property within the vicinity of King and Main Street by the Elk River Housing and Redevelopment Authority will contribute to the elimination of blight or deterioration within that area of the City; There is a feasible method for relocation of individuals, if any, to be displac~l by the proposed acquisition; and