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WHEREAS, the real property described below (the "Subject Property") can .feasibly be <br />connected to municipal utilities and has good development characteristics for development as an <br />industrial park; and <br /> <br /> WHEREAS, pursuant to Minn. Stat. §469.124, et. seq. (the "Development District Act") the <br />City has established Development District No. 1 (the "Development District") by resolution duly <br />adopted, and subsequent resolutions, the City adopted the Development Program and approved <br />creation of the Development District in order to carry out the Development Program; and <br /> <br /> WHEREAS, the purpose of the State Legislature in establishing City Development Districts, is <br />to promote new development in areas of a City that are akeady built up in order to provide <br />employment opporttmities, to improve the tax base, and to improve the general economy of t.he State; <br />and <br /> <br /> WHEREAS, Minn. Stat. §469.124, in order to accomplish said statu'te's purpose, authorizes <br />cities, amongst other things, to develop a program for improving a Development District of the City to <br />provide impetus for commercial development, to increase employment, to provide off-street parking to <br />serve the shoppers and employees of the district to provide open space relief within the District, to <br />protect pedestrians fi:om vehicle traffic and inclement weather; and <br /> <br /> WHEREAS, Minn. Stat. §469.124 further declares that the actions to assist the implementation <br />of the~ above development programs authorized by said statute are a public purpose and that the <br />execution and financing of these programs are a public purpose; and <br /> <br /> WHEREAS, the City, pursuant to Minn. Stat. §469.126, has the authority to acquire land by <br />eminent domain within its Development Districts in order to carry out the Development Program; and <br /> <br /> WHEREAS, the City has authority to acquire real property for public purposes by eminent <br />domain pursuant to Minn. Stat. Chapter 117 and pursuant to its City Charter; and <br /> <br /> WHEREAS, the City has the right to acquire the real property prior to the filing of an award <br />by the Court appointed commissioners, pursuant to Minn. Stat. §117.011 and §117.042; and <br /> <br /> WHEREAS, the City finds and declares that it is in the public interest to acquire title to and <br />possession of the real property prior to the filing of an award by the Court appointed commissioners; <br />and <br /> <br /> WHEREAS, the real property which needs to be acquired for the industrial park purposes <br />described above is legally described as follows: <br /> <br />Parcel A: <br />The Southwest Quarter of the Northeast Quarter of Section 28, Township 32, Range 25, Anoka <br />County, Minnesota except the North 150 feet thereof, and Lot 1, AUDITOR'S SUBDIVISION <br />NUMBER 34, Anoka County, Minnesota. <br /> <br />RESOLUTION # 00-03- <br /> Page 2 of 2 <br /> <br /> <br />