HomeMy WebLinkAboutIV.A.1 - HEDRA Resolution No. 2021-13 - Approving Sale of UBC Property and DA with NJS Development (Stencil Group)1
HASTINGS ECONOMIC DEVELOPMENT AND REDEVELOPMENT AUTHORITY
DAKOTA COUNTY, MINNESOTA
HEDRA RESOLUTION NO. 2021-13
A RESOLUTION APPROVING THE SALE OF PROPERTY TO
NJS DEVELOPMENT, LLC FOR DEVELOPMENT PURPOSES AND
APPROVING THE RELATED DEVELOPMENT AGREEMENT
WHEREAS, the Hastings Economic Development and Redevelopment Authority
(“HEDRA”) desires to sell property legally described as follows:
PID: 19-32150-17-020 (Abstract Property)
All of Lot One (1), Block Seventeen (17) in the Town of Hastings, excepting therefrom,
however, all that portion lying northeasterly of a line 25 feet southwesterly of, measured
at right angles and parallel with, the centerline of Chicago, Milwaukee, St. Paul, and
Pacific Railroad Company’s spur track as now there laid across Bailey Street in said
Town of Hastings, Dakota County, Minnesota; and
ALSO
All of Lot Two (2), Block Seventeen (17), Town of Hastings, excepting therefrom the
West two-thirds (W 2/3) of the North half (N 1/2) of said Lot Two (2) and further
excepting therefrom the West one-third (W 1/3) of the South half (S 1/2) of said Lot Two
(2), Town of Hastings, Dakota County, Minnesota,
together with those parts vacated and accruing thereto by virtue of the vacations thereof.
PID: 19-32150-17-021 (Abstract Property)
The North 1/2 of the West 1/2 of the East 2/3 of Lot 2 and the West 1/3 of Lot 2, Block
17, Town of Hastings, Dakota County, Minnesota, together with those parts vacated and
accruing thereto by virtue of the vacations thereof.
PID: 19-32150-17-080 (Abstract Property)
Lots 7 and 8, Block 17, Town of Hastings, Dakota County, Minnesota, together with
those parts vacated and accruing thereto by virtue of the vacations thereof.
(the “Property”) for redevelopment purposes; and
WHEREAS, NJS Development LLC, a limited liability company (“Developer”) registered
with the State of Minnesota Secretary of State desires to develop the Property, pursuant to a
Development Agreement by and between HEDRA and Developer (“Development Agreement”)
for the purpose of constructing an approximately 85 unit apartment building; and
2
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 September 9, 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.
Adopted by the Hastings Economic Development and Redevelopment Authority this 9th day of
September, 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 _____ day of __________________, 2021, as disclosed by the records
of the City of Hastings on file and of record in the office.
(SEAL)
Kelly Murtaugh, City Clerk