Title
RESOLUTION AUTHORIZING ACQUISITION OF CERTAIN TAX FORFEITED REAL PROPERTY FROM THE STATE OF MINNESOTA THROUGH ST. LOUIS COUNTY
Body
RESOLVED, by the Duluth Economic Development Authority (“DEDA“), that the proper DEDA officials are hereby authorized to acquire by quit claim deed the below-described tax-forfeited properties from the State of Minnesota through St. Louis County for purposes of economic development for the amount of $127,373.56, payable from Fund 860-860-8640-5510, located in St. Louis County, Minnesota legally described as:
Lots 1 through 8, Block 005, Randalls Division of Duluth, EXCEPT all mineral rights
AND
Lots 1 through 8, Block 006, Randalls Division of Duluth, EXCEPT all mineral Rights
AND
Lots 1 through 8, Block 007, Randalls Division of Duluth, EXCEPT all mineral rights
Statement of Purpose
STATEMENT OF PURPOSE: The purpose of this resolution is to authorize the acquisition of three tax-forfeited parcels in the Duluth Heights neighborhood of Duluth for purposes of assembling lots for infill housing development. The parcels are located near Fountain Gate Drive. The intended effect is to create new economic opportunity for the construction industry, expand the tax base of existing neighborhoods, and create new housing in the City. Future development partners will reimburse DEDA for the cost of land acquisition.