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Resolution NO:RZ98-10 THE ZONING AND PLANNING COMMISSION OF THE CITY OF HOPKINS, MINNESOTA RESOLUTION NO. 98- 10 A RESOLUTION APPROVING THE DISPOSITION OF CERTAIN REAL PROPERTY OWNED BY THE CITY OF HOPKINS, MINNESOTA WHEREAS, the City of Hopkins, Minnesota "City owns certain real property located south of Hennepin County Road No. 3 and east of 11th Avenue South, which real property is legally described in Exhibit A attached hereto. The City proposes to transfer a portion of the real property described in Exhibit A attached hereto to The Housing and Redevelopment Authority in and for the City of Hopkins "Hopkins HRA to be combined with other real property owned by the Hopkins HRA for redevelopment purposes. The real property to be redeveloped (the "Redevelopment Property") consists of an approximately 31,000 square foot parcel generally depicted in Exhibit B attached hereto. WHEREAS, the Hopkins HRA has entered into a Purchase and Development Agreement with James A. Benshoof, George W. Watson and Jeffrey A. Schoenbauer, dated April 8, 1998 "Development Agreement pursuant to which the Hopkins HRA has agreed, subject to certain conditions stated in the Development Agreement, to transfer the Redevelopment Property to said parties for the purpose of constructing a single story office building and related improvements thereon. WHEREAS, Minn. Stat. 462.356 provides that no city -owned interest in real property within the City of Hopkins shall be disposed of subsequent to adoption of a comprehensive municipal plan until after the Hopkins Zoning and Planning Commission has reviewed the proposed disposition and found the same to be in compliance with the Comprehensive Municipal Plan. C: \file\hopcivil\resolution.ben WHEREAS, the Hopkins Zoning and Planning Commission has reviewed the proposed transfer and disposition of that portion of the. Redevelopment Property owned by the City to the Hopkins HRA for purposes of redevelopment pursuant to the Development Agreement and has found such disposition to be in compliance with the Comprehensive Municipal Plan adopted by the City. NOW, THEREFORE, the Zoning and Planning Commission of the City of Hopkins makes the following findings: 1. The Redevelopment Property is presently zoned B -3 zoning classification and the land use designation in the Comprehensive Municipal Plan is Commercial. The use proposed in the Development Agreement is consistent with these classifications. 2. The proposed transfer and disposition of that part of the City -owned real property 0 described in Exhibit A attached to this Resolution that is included within the Redevelopment Property depicted in Exhibit B attached to this Resolution to the Hopkins HRA for purposes of redevelopment pursuant to the Development Agreement is in compliance with the Comprehensive Municipal Plan adopted by the City. Adopted this day of May, 1998, by the Zoning and Planning Commission of the City of Hopkins, Minnesota. 1>it MAT,17\— C: \file \hopcivil\resolution.ben 2