HomeMy WebLinkAboutIV.A.2a HEDRA Resolution No. 2021-04 - Approving Sale and DA for Hickory Creek Rentals1
HASTINGS ECONOMIC DEVELOPMENT AND REDEVELOPMENT AUTHORITY
DAKOTA COUNTY, MINNESOTA
HEDRA RESOLUTION NO. 2021-04
A RESOLUTION APPROVING THE SALE OF PROPERTY TO HICKORY CREEK
RENTALS LLC FOR REDEVELOPMENT PURPOSES,
APPROVING THE RELATED DEVELOPMENT AGREEMENT AND
APPROVING THE RELATED BUSINESS SUBSIDY AGREEMENT
WHEREAS, the Hastings Economic Development and Redevelopment Authority
(“HEDRA”) desires to sell property located at 2030 Spiral Boulevard and legally described as Lot
3, Block 2, Hastings Industrial Park No. 7, Dakota County, Minnesota (the “Property”) for
redevelopment purposes; and
WHEREAS, Hickory Creek Rentals LLC, a Wisconsin limited liability company
(“Developer”) desires to develop the Property, pursuant to a Development Agreement and
Business Subsidy Agreement by and between HEDRA and Developer (“Development Agreement”
and “Business Subsidy Agreement”) for the purpose of developing buildings for business storage
and mini storage and related improvements; and
WHEREAS, the Development Agreement describes and articulates the sale of the
Property and the Developer agrees to accept these terms of the sale; and
WHEREAS, on April 8, 2021, HEDRA held a public hearing on the sale of the Property
and HEDRA considered all of the information presented at the public hearing.
NOW THEREFORE BE IT RESOLVED by the Board of the Hastings Economic
Development and Redevelopment Authority as follows:
1.The sale of the Property to Developer is in the public interest of the City and its people,
furthers its general plan of economic development and furthers the aims and purposes
of Minn. Stat. Sections 469.090 to 469.108; and the appropriate officials are authorized
to take such action so as to effectuate such sale.
2.HEDRA approves the Development Agreement, subject to minor modification as
approved by the City Attorney and the appropriate officials are authorized to take such
action as to effectuate its execution and implementation.
3.HEDRA approves the Business Subsidy Agreement, subject to minor modification as
approved by the City Attorney and the appropriate officials are authorized to take such
action as to effectuate its execution and implementation.
2
Adopted by the Hastings Economic Development and Redevelopment Authority this 8th day of
April, 2021.
Ayes:
Nays:
Absent:
Dennis Peine, President
Eric Maass, Secretary
I HEREBY CERTIFY that the above is a true and correct copy of resolution presented to and
adopted by the Hastings Economic Development and Redevelopment Authority, County of
Dakota, Minnesota, on the 8th day of April, 2021, as disclosed by the records of the City of Hastings
on file and of record in the office.
Erica Henderson, City Clerk
(SEAL)
This instrument drafted by:
Korine L. Land, #262432
LeVander, Gillen, & Miller, P.A.
633 South Concord Street, Suite 400
South St. Paul, MN 55075
(651) 451-1831