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1998-035 CITY OF HOPKINS, MINNESOTA RESOLUTION N0.98-035 A RESOLUTION APPROVING THE DISPOSITION OF CERTAIN REAL PROPERTY OWNED BY THE CITY OF HOPKINS, MINNESOTA WHEREAS, the City of Hopkins, Minnesota ("City") is the owner of record of certain real property (the "City Property") located south of Hennepin County Road No. 3 and east of 11th Avenue South, which is legally described in Exhibit A attached hereto. WHEREAS, in 1990, the City Council of the City approved the sale of a portion of the City Property to the Housing and Redevelopment Authority in and for the City of Hopkins (the "Hopkins HRA") for financial consideration stated in such approval by the City Council. That portion of the City Property purchased by the Hopkins HRA in 1990 (the "HRA Property") is legally described iri Exhibit B attached hereto. The Hopkins HRA has paid the City the full consideration agreed upon for the transfer of the HRA Property to the Hopkins HRA. However, title to the HRA Property has not been transferred of record to the Hopkins HRA because the City Council has not yet approved the subdivision of the City Property. WHEREAS, the City and the Hopkins HRA now intend to complete the transfer of the HRA Property to the Hopkins HRA in connection with the redevelopment project described in the Development Agreement identified below. WHEREAS, the Hopkins HRA has entered into a Purchase and Development Agreement dated Apri18, 1998 ("Development Agreement") with James A. Benshoof, George W. Watson and Jeffrey A. Schoenbauer (the "Redevelopers"), pursuant to which the Hopkins HRA has agreed, subject to certain conditions stated in the Development Agreement, to transfer an additional portion of the City Property to the Redevelopers for redevelopment purposes, including construction of a C:\file\hopcivi I\resolut2.ben single story office building and related improvements thereon. That portion of the City Property to be transferred to the Redevelopers is legally described in the proposed Plat of 10417 Associates Addition as Lot 2, Block 1, 10417 Assoociates Addition and is hereinafter referred to as the "Redevelopment Property". WHEREAS, the Hopkins Zoning and Planning Commission has reviewed the proposed transfer of the Redevelopment Properly to the Hopkins HRA for purposes of redevelopment pursuant to the Development Agreement and.has found such disposition and transfer to be in compliance with the Comprehensive Municipal Plan adopted by the City. WHEREAS, Minn. Stat. 469.041 permits the City to transfer its interest in City-owned real property to the HRA with or without receipt of consideration, provided the transfer is for the purpose of aiding and cooperating in the planning, undertaking, construction or operation of HRA projects. WHEREAS, the City Council of the City has reviewed the proposed transfer of the Redevelopment Property to the Hopkins HRA for purposes of redevelopment pursuant to the Development Agreement, has found such disposition to be in compliance with the Comprehensive Municipal Plan adopted by the City and has found that such transfer will aid and assist in the planning, undertaking, construction or operation of projects undertaken by the Hopkins HRA, including the project described in the Development Agreement. WHEREAS, the Hopkins HRA has agreed to pay to the City, in consideration of the transfer of the Redevelopment Property to the Hopkins HRA, the net proceeds, if any, received by the Hopkins HRA for the sale of the Redevelopment Property pursuant to the Development Agreement, after deduction of all fees, costs and expenses incurred by the Hopkins HRA in connection with the conveyance of the Redevelopment Property to the Redevelopers. C:\file\hopcivil\tesolut2.ben 2 WHEREAS, the real property to be included in the plat of 10417 Associates Addition includes all of the HRA Property and all of the Redevelopment Property. Upon final approval of said plat, the City and the Hopkins HRA intend to transfer all of Lot 2, Block 1, and Outlot A, 10417 Associates Addition, to the Hopkins HRA in order to complete the transfer of record of the HRA Property to the HRA and to enable the Hopkins HRA to perform its obligations under the Development Agreement. NOW, THEREFORE, the City Council of the City of Hopkins makes the following findings: 1. The transfer of the Redevelopment Property to the Hopkins HRA will aid and assist in the planning, undertaking, construction or operation of redevelopment projects of the Hopkins HRA, including the redevelopment project described in the Development Agreement. 2. The proposed redevelopment described in the Development Agreement is consistent with the zoning classification and land use designation of the City Property in the Comprehensive Municipal Plan adopted by the City. 3. Upon final approval of the plat of 10417 Associates Addition, the City shall complete the transfer of the HRA Property to the Hopkins HRA by executing and delivering a Quit Claim Deed transferring Outlot A of 10417 Associates Addition to the Hopkins HRA, and the Mayor and City Clerk are hereby authorized to execute and deliver a Quit Claim Deed transferring said Outlot A to the Hopkins HRA. 4. Upon the Redevelopers' compliance with the conditions of the Development Agreement and payment to the City by the Hopkins HRA of the net proceeds, if any, from the sale of the Redevelopment Property, after deducting all fees, costs and expenses incurred by the Hopkins HRA, the City shall execute and deliver a Quit Claim Deed transferring Lot 2, Block 1, 10417 C:lfile~hopcivilUesolut2.ben 3 Associates Addition to the Hopkins HRA, and the Mayor and City Clerk are authorized to execute and deliver such Quit Claim Deed to the Hopkins HRA. Adopted this ~ day of June, 1998, by the City Council of the City of Hopkins, Minnesota. Charles Redepenning, Mayer Terry O rmaier, City Clerk - C:\file\hopciviltresolut2.ben 4 EXHIBIT A Those parts of the South Half of the Southeast Quarter and of the Southeast Quarter of the Southwest Quarter, in Section 24, and those parts-"oY""t'ite--- Northeast Quarter of the Northwest Quarter and of the Northwest Quarter of the Northeast Quarter, in Section 25, all in Township 117, Range 22, described as follows: Beginning at the intersection of the southerly right-of-way line of County Road Number 3, as shown 1n Book 4 of Highway Plats, page 4, office of the Register of Deeds, with the southerly right-of-way line of the Chicago and North Western Transportation Company, formerly The Minneapolis d~ St. Louis Railway Company; thence southwesterly 249.23 feet along the southerly right- of-way line of said County Road Number 3, which right-of-way line is a curved line concave to the northwest having a radius of 1860.08 feet, a central angle of 1 degrees 40 minutes 31 seconds and an assumed chord bearing of South 66 degrees 17 minutes 41 seconds West; thence South 10 degrees 08 minutes Mest along the southerly right-of-way line of said County Road Number 3 a distance of 1224.29 feet, said line being hereinafter referred to as line "A"; thence westerly on a tangential curve to the right along the southerly right-of-way line of said County Road Number 3 a distance of 971.08 feet, said curve having a radius of 2814.77 feet and a central angle of 19 degrees 46 minutes; thence South 89 degrees 54 minutes West along the southerly right-of-way line of said County Road Number 3, which line is hereinafter referred to as line "B" to its intersection with the northerly extension of the east line of Registered Land Survey Number 1316, files of the Registrar of Titles, County of Hennepin; thence southerly along said extension and along said east line to Its intersection with aline drawn parallel with and 100.00 feet southerly from said line "8"; thence North 89 degrees 54 minutes East along said parallel line and its extension to the intersection with a line drawn parallel with and 76.00 feet southeasterly from said line "A" and its southwesterly extension; thence North TO degrees 48 minutes East along the last described parallel line and its extension a distance of 2098.14 feet; thence North 60 degrees 15 minutes 48 seconds East a distance of 73.56 feet to a point which is on a line bearing South 16 degrees 51 minutes 15 seconds East and distant 146.95 feet from the point of beginning; thence along a curve concave to the northeast, hiving a radius of 686.62 feet and a central angle of 12 degrees 11 minutes 10 seconds a distance of 141.23 feet to the point of beginning, according to~the recorded plat thereof. EXHIBIT B That part of the abandoned Great Northern Railroad right-of-way in Section 24, Township 117 North, Range 22 West and Section 25, Township 117 North, Range 22 West of the 5th Principal Meridian lying Cast of the following described line: Commencing at the Northwest corner of~the Northeast Quarter of the Northwest.Quarter of Section 25, Township 117, Range 22; thence run Northwesterly at an angle of 90 degrees, 18 minutes 22 seconds with the North line of said Section for a distance 49.9 feet; thence deflect 90 'degrees right for a distance of 668.08 feet; thence deflect right at an angle of 90 degrees, 26 minutes 06 seconds a distance of 239.0 feet along aline hereinafter referred~~to as Line "A"; thence deflect left at an angle of 90 degrees fora distance of 45 feet to a point hereinafter referred to as point "A"; thence deflect right 92 degrees, 51 minutes 45 seconds to the South line of the above described tract being the actual point of beginning of the line being described; thence run Northerly to said Point "A"; thence continue Northerly parallel with said Line "A" for a distance of 109.02 feet; thence deflect right along a tangential curve having a radius of 90.0 feet (delta angle 90 degrees, 26 minutes 06 seconds) and there terminating. which lies westerly of a line 409.OO~,feet easterly from and parallel with the East line of Eleventh Avenue South, as said Eleventh Avenue South was there reestablished (46 feet in width) by deed dated August 20, 1930, recorded in the office of the Register of Deeds, Hennepin County, Minnesota, on December 31, 1930, as Document No. 1626685 in Book 1236 of Deeds, Page 416.