87-02 HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE: January 15r 1987
MOTION BY: Swenson
RESOLUTION NO: 87-02
SECONDED BY: Robbins
RESOLUTION AUTHORIZING THE SALE OF LAND
AND THE EXECUTION OF AN OPTION AGREEMENT
WHEREAS, the Authority has presented, for its consideration,
an option agreement (Agreement) which is attached hereto as
Exhibit A; and ~
WHEREAS, the Agreement provides for the sale of certain lands
owned or to be acquired by the Authority; and
WHEREAS, the lands described by the Agreement lie within the
geographic boundaries of the Chanhassen Downtown Redevelopment
District (Project Area); and
WHEREAS, the purchaser of the land described in the Agreement
has proposed to redevelop such lands in a manner which is con-
sistent and in accordance with the redevelopment plan (Plan) for
the Project Area; and
WHEREAS, the Authority has considrred the fair market value
of the lands proposed to be-sold pursuant to the Agreement for
redevelopment in accordance'with the Plan; and
.- .
WHEREAS, pursuant to published notice~ the Authority did on
February 19, 1987, conduct a public hearing on the Proposed sale
of the lands described in the Agreement, the legal description of
such lands being attached hereto as Exhibit B; and
WHEREAS, the Authority believes that such sale, and the exe-
cution of the Agreement are in furtherance of the objectives for
which redevelopment is being undertaken and promoted within the
Project Area, and in the vital best interests of the City of
Chanhassen.
NOW, THEREFORE, BE IT RESOLVED by Housing and Redevelopment
Authority in and for the City of Chanhassen as follows:
1. The sale of the land described in the Agreement and in
Exhibit B is hereby authorized.
2. The Chairman and Executive Director are hereby authorized
and directed to execute, on behalf of the Authority, the
Agreement attached as Exhibit A.
3. The authorizations contained in paragraphs 1 and 2 are,
however, subject to the following conditions precedent:
a) agreement be reached concerning the payment and
amount of special assessments which may be levied
against Parcel A (as described in the Agreement) in
connection with the public improvements to be
constructed under the Plan; and
b) agreement be reached placing northerly, southerly
and easterly limits on the area of land within which
Parcel E may be located; and
c) approval of the Agreement by the Chairman and the
Executive Director as to form and content.
The Executive Director is hereby authorized to pursue and
obtain the satisfaction of the three conditions precedent. Once
the Executive Director has satisfied that all such conditions
have been satisfied, he shall so notify the Authority in writing.
The notification shall be attached to this resolution as Exhibit
C. Upon such notification, the Executive Director and Chairman
may proceed, without further notice to the Authority, to execute
and deliver the Agreement on behalf of the Authority.
Passed by the Housing and Redevelopment Authority in and for
the City of Chanhassen this 19th day of February, 1987.
ATTEST:
Don Ashwort--~', Ex~-~t~ve Director
Cl~rk Hor~, ' Vice-Chairman
YES
Horn
Swenson
Bohn
Robbins
NO ABSENT
None Whitehill
EXHIBIT B
Parcel A
Lot 4, Block 1, Chanhassen Mall
and
That tract of land lying between the northerly extensions of the
east and west lot lines of said Lot 4 and between the north line
of said Lot 4 and a line running parallel with and 40 feet
southerly of the center line of County Road No. 15.
Parcel B
Lot 3, Block 1, Chanhassen Mall except the North 35 feet thereof.
EXHIBIT C
Parcel C
The north 35 feet of Lot 3, Block 1, Chanhassen Mall.
0511EX02.E14