2014-024 Approving Purchase Agreement for Acquisition of Real Property at 431-433 Blake Road NorthCITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2014-024
RESOLUTION APPROVING PURCHASE AGREEMENT
FOR ACQUISITION OF REAL PROPERTY AT
431-433 BLAKE ROAD NORTH
WHEREAS, the City of Hopkins is in the process of expanding and redeveloping
Cottageville Park and 431-433 Blake Road North property is the sole remaining residential
property separating the expanded park area from Blake Road, and:
WHEREAS, the City acquired the adjacent real property located at 435-437 Blake Road
North from the Metropolitan Council on October 5, 2012;
WHEREAS, this residential property is needed to expand the park, provide enhanced
storm water treatment and complete the park redevelopment as approved in the Cottageville Park
master plans, and:
WHEREAS, as the City's representatives have negotiated a Purchase Agreement (the
"Purchase Agreement") with David Gimberline, the owner of 431-433 Blake Road North, by
which the owner has offered to sell that real property to the City for a purchase price of
$350,000.00;
WHEREAS, the Hopkins City Council finds that the City's acquisition of the real
property at 431-433 Blake Road North in accordance with the terms and conditions of the
Purchase Agreement will facilitate and be in furtherance of the City's plan to expand and
improve Cottageville Park and is also consistent with the City's goal of improving the Blake
Road corridor;
THEREFORE, BE IT RESOLVED, that the City Council of the City of Hopkins
hereby approves the Purchase Agreement between the City and David Gimberline for the
purchase of 431-433 Blake Road North for a purchase price of $350,000, and authorizes the
Mayor and City Manager to execute such Purchase Agreement on behalf of the City and to
execute and deliver all documents necessary to facilitate and complete the acquisition of 431-433
Blake Road North by the City in accordance with the terms thereof.
Adopted by the City Council of the City of Hopkins this 20th day of May, 2014.
By:
Eug e J. kaxwell, Mayor
A est•
aawta'A
Amy Domeier, City Clerk