2012-039 Transfer Ownership 815 1st StCITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2012-039
RESOLUTION AUTHORIZING THE TRANSFER OF OWNERSHIP OF 815 IST
STREET SOUTH (FORMER PARK NICOLLET CLINIC) FROM THE CITY OF
HOPKINS TO THE HOPKINS HOUSING & REDEVELOPMENT AUTHORITY
WHEREAS, the City has developed a plan to create a gateway to Downtown Hopkins
along 8th Avenue in order to provide a connection to the planned Southwest Light Rail Transit
(SW LRT) station at 81h Avenue and Excelsior Boulevard; and
WHEREAS, the City of Hopkins secured a $875,000 Transit Oriented Development
Grant from the Hennepin County Housing and Redevelopment Authority in order to purchase a
key parcel, the former Park Nicollet Clinic property ("Redevelopment Property"), and
WHEREAS, the City of Hopkins purchased the Redevelopment Property and issued a
Request for Proposals for its redevelopment as a housing and retail development, and
WHEREAS, the City selected Klodt Development to be the developer for the
Redevelopment Property and has negotiated a Purchase and Development Agreement; and
WHEREAS, the practice of the City has been to conduct redevelopment activities under
the legal powers given to the Hopkins Housing & Redevelopment Authority; and
WHEREAS, the transfer of the Redevelopment Property and assignment of the
Redevelopment Agreement, Promissory Note and Mortgage between the City of Hopkins and the
Hennepin County HRA to the Hopkins HRA must be approved before the Hopkins HRA can
facilitate the sale to Klodt.
WHEREAS, the Hopkins City Council finds that the transfer of the Redevelopment
Property to the Hopkins HRA, without financial consideration being paid to the City, is for the
purpose of aiding and cooperating in the planning, undertaking, construction and redevelopment
of the Redevelopment Property.
THEREFORE, BE IT RESOLVED, that the City of Hopkins approves and authorizes
the transfer of ownership of the Redevelopment Property located at 815 First Street South and
associated parcels to the Hopkins Housing & Redevelopment Authority, without consideration,
and approves and authorizes the Assignment and Assumption of the Redevelopment Agreement,
Promissory Note and Mortgage between the City and the Hennepin County HRA to the Hopkins
HRA.
IT IS FURTHER RESOLVED, that the appropriate City officials are authorized to
execute and deliver the deed and assignment documents required to complete the transfer of the
Redevelopment Property and Assumption of the Redevelopment Agreement, Promissory Note
and Mortgage by the Hopkins HRA.
Resolution No. 2012-039 -2-
Adopted by the City Council of the City of Hopkins this 5th day of June, 2012.
By:
Eugene J. Maxwell, Mayor
Attest:
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Kristine A. Luedke, City Clerk