2002-058
CITY OF HOPKINS
Hennepin County, Minnesota
RESOLUTION No. 2002-58
RESOLUTION APPROVING THE RECONVEYANCE OF
CITY-OWNED PROPERTY TO THE STATE OF MINNESOTA AND THE
REPURCHASE OF SAID CITY -OWNED PROPERTY
WHEREAS, the City of Hopkins presently owns the following described property:
South 2 feet of Lot 7, Block 3 , West Minneapolis
WHEREAS, the above described property was conveyed to the City of Hopkins on July 23, 1979, from
the State of Minnesota by a Deed of Conveyance of Forfeited Lands, with the restriction that it be used
for public parking purposes and reserving a right of reverter to the State of Minnesota. Such property is
presently used for public parking purposes.
WHEREAS, the restriction and right of reverter reserved by the State of Minnesota cannot be removed
except through a reconveyance of the property back to the State of Minnesota and then a subsequent
purchase of the property by the City of Hopkins.
WHEREAS, the Hopkins Housing and Redevelopment Authority is in the process of redeveloping the
area surrounding the above described parcel, and inclusion of said propeliy in the redevelopment would
, facilitate the redevelopment project known as the Marketplace Lofts project.
WHEREAS, the above described property is no longer needed for public parking purposes and would
better serve the public good to be utilized in conjunction with said redevelopment project.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Hopkins, Minnesota, that the
above referenced property be reconveyed to the State of Minnesota and thereafter repurchased for a
purchase price not to exceed $500.00 for the following reasons:
a. to remove the public parking use restriction from the property
b. to extinguish the State's right of reverter to the property.
c. to transfer title to the property to the Hopkins HRA so the property may be included in
the Marketplace Lofts Redevelopment Project.
NOW THEREFORE IT IS RESOLVED that the Mayor and City Clerk for the City of Hopkins are
authorized and directed to sign the Reconveyance Deed conveying the above described property to the
State of Minnesota so said property can be reconveyed to the City for a purchase price not to exceed
$500.00 free from such restriction and right of reverter.
Adopted this
)g(b
day of \Ttl.. r'}(J--- , 2002.
~/~
c:hopkins,civil\lot 1 QQ,ccresolution