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2025-019 Resolution Authorizing Transfer of Property by the City to the Hopkins Housing and Redevelopment AuthorityCITY OF HOPKINS HENNEPIN COUNTY, MINNESOTA RESOLUTION 2025-019 RESOLUTION AUTHORIZING TRANSFER OF PROPERTY BY THE CITY OF HOPKINS TO THE HOPKINS HOUSING AND REDEVELOPMENT AUTHORITY WHEREAS, the City of Hopkins (the "City") previously acquired property legally described as set forth in Exhibit A (the "Subject Property"); and WHEREAS, the Subject Property is presently occupied by a house; and WHEREAS, the future use of the Subject Property is contemplated by the City to be as a redevelopment or rehabilitation of the existing home; and WHEREAS, the City desires to work in conjunction with the Hopkins Housing and Redevelopment Authority (the "HRA") to oversee the sale and redevelopment of the Subject Property; and WHEREAS, the City is authorized to convey real property to the HRA pursuant to Minnesota Statutes, Sections 465.035 and 471.64; and WHEREAS, the City and HRA have followed applicable statutory provisions, including but not limited to, Minnesota Statutes, Section 465.035, Minnesota Statutes, Section 469.024 and Minnesota Statutes, Section 471.64, in authorizing the conveyance of the Subject Property; and WHEREAS, the City has determined it is most cost effective to convey the Subject Property to the HRA in consideration of one dollar ($1.00) and other good and valuable consideration pursuant to this Resolution and a standard quit claim deed; and WHEREAS, the Subject Property shall be subsequently conveyed by the HRA pursuant to Minnesota Statutes, Section 469.029 for redevelopment or rehabilitation purposes, as single-family residential housing; and WHEREAS, the City finds and determines that conveyance of the Subject Property as contemplated herein to the HRA is for a public purpose and is in the public interest. NOW THEREFORE BE IT RESOLVED, that the City Council of the City of Hopkins hereby: 1. The recitals set forth in the preamble to this Resolution and the exhibits, if any, attached to this Resolution are incorporated into this Resolution as if fully set forth herein. 2. The City Council finds and determines that the requirements of Minnesota Statutes, Section 462.356, Subdivision 2 are hereby satisfied, or alternatively, dispensed with based upon the findings of the City Council. 3. The City Council finds and determines that the transaction herein referenced and contemplated is for a public purpose and is in the public interest. 4. The City Council approves the conveyance of the Subject Property to the HRA pursuant to Minnesota Statutes, Section 465.035 and Minnesota Statutes Section 471.64, and authorizes and directs the Mayor and City Manager to execute the deed and related documents necessary to facilitate the transaction referenced herein and contemplated herein, with all such actions to be in accordance with the terms and conditions set forth in this Resolution. 5. The City shall convey the Subject Property to the HRA in consideration of one dollar ($1.00) and other good and valuable consideration pursuant to this Resolution and a standard quit claim deed, and the HRA shall subsequently sell and convey the Subject Property pursuant to Minnesota Statutes, Section 469.029 for redevelopment or rehabilitation purposes, as single -family residential housing. 6. The subsequent conveyance of the Subject Property by the HRA shall be subject to the following terms and conditions: a. The Subject Property shall obtain all applicable planning and zoning approvals and necessary building and other permits; and b. The Subject Property shall be single-family residential housing with up to five bedrooms in the structure; and c. The Subject Property shall contain a restrictive covenant setting forth the requirements contained in paragraph 6. 7. The Mayor and City Manager of the City are hereby authorized to execute all required documents necessary in furtherance of this property transfer. 8. The Mayor and City Manager, staff and City Attorney are hereby authorized and directed to take any and all additional steps and actions necessary or convenient in order to accomplish the intent of this Resolution. Adopted by the City Council of the City of Hopkins this 18 day of March, 2025. By:___________________________ Patrick Hanlon, Mayor ATTEST: Amy Domeier, City Clerk EXHIBIT A Legal Description of Subject Property Lots 1 and 2, Block 4, F.A. Savage's Interlachen Park, Hennepin County, Minnesota.