2015-16H HRA ResolutionMOUND HOUSING AND REDEVELOPMENT AUTHORITY
RESOLUTION NO. 15-16H
RESOLUTION ACCEPTING DONATION OF PID NO. 13-117-24-33-0004
FROM HOMESTEAD PARTNERS
WHEREAS, at its October 27, 2015 meeting, the Mound Housing and Redevelopment
Authority (hereinafter "Authority"), discussed the inquiry from Homestead Partners to
donate PID No. 13-117-24-33-0004 (hereinafter "Subject Property') to the Authority;
and
WHEREAS, the Subject Property was formerly addressed as 5567 Shoreline Drive and
is located in the Auditors Road redevelopment district; and
WHEREAS, the donation of the Subject Property by Homestead Partners to the
Authority was conditioned that the Subject Property appraise at 2015 Hennepin County
assessed value, completion of IRS Form No. 8283 and acceptance of the donation by
the Authority by December 31, 2015; and
WHEREAS, the Authority directed Staff to work with Homestead Partners and the HRA
Attorney so as to move forward with all required activities to accept the parcel donation
including any required actions by the Authority at a subsquent meeting; and
NOW, THEREFORE, BE IT RESOLVED that the Housing and Redevelopment
Authority of the City of Mound, Minnesota, does hereby accept the donation of PID No.
13-117-24-33-0004 from Homestead Partners subject to the following conditions:
1. The Subject Property appraise at the current 2015 Hennepin County
assessed value.
2. Completion of IRS Form No. 8283.
3. Acceptance of the donation of the Subject Property by the Authority
be completed before the end of the year.
4. Homestead Partners shall be responsible for any liens on the Subject
Property prior to the Housing and Redevelopment Authority
accepting the quit claim deed.
5. The Housing and Redevelopment Authority shall be responsible for fees it
has incurred that are related to the donation of Subject
Property by Homestead Partners, including, but not limited to, legal fees
and recording fees.
6. Homestead Partners shall be responsible for the fees it has incurred that
that are related to the donation of the Subject Property to the Housing
and Redevelopment Authority including, but not limited to, the cost of the
appraisal and the preparation of the quit claim deed to allow for transfer of
the property to the Housing and Redevelopment Authority.
NOW, THEREFORE, BE IT FURTHER RESOLVED, that the Housing and
Redevelopment Authority of the City of Mound, Minnesota, hereby authorizes and
directs the City Attorney to prepare all documents required to accept the donation of the
Subject Property that are in keeping with the intent of this Resolution. The HRA also
authorizes the Acting Executive Director and Chair to sign and execute all required
documents necessary to formally accept the donation of the Subject Property.
Adopted by the Housing and Redevelopment Authority this 8th day of December, 2015.
Chair Mark Wegscheid
Clerk, Catherine Pausche