HomeMy WebLinkAboutII.B.1 - Resolution - Authorize Signature - 114 5th Street Purchase Agreement1
HASTINGS ECONOMIC DEVELOPMENT AND REDEVELOPMENT AUTHORITY
DAKOTA COUNTY, MINNESOTA
HEDRA RESOLUTION NO. 2023-04
A RESOLUTION AUTHORIZING SIGNATURE FOR PURCHASE AGREEMENT FOR
PID 19-32150-28-060 (114 5TH STREET W)
WHEREAS, the Hastings Economic Development and Redevelopment Authority
(“HEDRA”) desires to purchase property legally described as follows:
Parcel 1:
Lot 6, Block 28, Town of Hastings, according to the recorded plat thereof, and situate in
Dakota County, Minnesota
Abstract Property
Property ID: 19-32150-28-060
(the “Property”) for redevelopment purposes; and
WHEREAS, through the adopted Vermillion Street Corridor Study, the City Council and
HEDRA have identified opportunity sites for redevelopment and the Property to be purchased is
within an opportunity site; and
WHEREAS, the Purchase Agreement describes and articulates the sale of the Property
and that HEDRA approves of these terms of the purchase; and
NOW THEREFORE BE IT RESOLVED by the Board of the Hastings Economic
Development and Redevelopment Authority as follows:
1. The purchase of the Property by HEDRA 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 Purchase 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 16th day of
March, 2023.
2
Ayes:
Nays:
Absent:
Peggy Horsch, President
John Hinzman, 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 16th day of March 2023, as disclosed by the records of the City of
Hastings on file and of record in the office.
John Hinzman, Secretary