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1998-011CITY OF HOPKINS, MINNESOTA RESOLUTION N0.98-11 AUTHORIZING PURCHASE OF PARKING LOT 500A WHEREAS, the Hopkins Housing and Redevelopment Authority has developed Parking Lot SOOA on 11th Avenue north of Mainstreet (located north of the Boston Garden Restaurant) as a public parking lot for downtown shoppers, visitors and employees; and WHEREAS, once public use of a facility is established it is often advantageous for the facility to come under the ownership of the City of Hopkins for insurance and other reasons; and WHEREAS, the Hopkins Housing and Redevelopment Authority has agreed to sell Parking Lot SOOA to the City of Hopkins for one dollar, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HOPKINS (THE "CITY") AS FOLLOWS: 1. The City Council of the City of Hopkins hereby agrees to purchase Parking Lot SOOA from the Hopkins Housing and Redevelopment Authority for the sum of one dollar. 2. The Mayor and City Manager are authorized to execute such documents as may be required for the purchase of Parking Lot SOOA from the Hopkins Housing and Redevelopment Authority. Approved by the City Council of the City of Hopkins this ~ day of March, 1998. CITY OF HOPKINS, MINNESOTA Attest: Ter O maier, City Cierk