Resolution Number 26-09 Property Transfer

RESOLUTION NUMBER 26-09

APPROVING THE TRANSFER OF LAND TO MT. IRON ECONOMIC DEVELOPMENT AUTHORITY

WHEREAS, the City Council of the City of Mountain Iron (“City”) owns certain property located in the project area (the “Project Area) developed by the Mt. Iron Economic Development Authority (the “EDA”), pursuant to Minn. Stat. §§469.027 and 469.028, described as all of Lots Two (2) and Three (3) and the westerly 60 feet of Lot Four (4), Block Two (2), MOUNTAIN IRON EXPRESSWAY DEVELOPMENT, Saint Louis County, State of Minnesota (the “Property”);

WHEREAS, the EDA wishes to enter into a development agreement with a new developer for construction for certain improvements located on the Property; and

WHEREAS, the Property must be conveyed from the City to the EDA, and from the EDA to the developer. 

NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF MOUNTAIN IRON, MINNESOTA, that the City approves the transfer of the Property to the EDA. 

BE IT FURTHER RESOLVED by the City Council of the City of Mountain Iron that the City authorizes its Mayor and Administrator to execute any and all such documents and instruments as may be necessary to transfer the Property to the EDA, including the quit claim deed in the form attached hereto as Exhibit A. 

DULY ADOPTED BY THE CITY COUNCIL THIS 15th DAY OF JUNE, 2009.

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Mayor Gary Skalko
ATTEST:

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City Administrator