Item Description:
title
Convey surplus property to the City of Minneapolis
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Resolution:
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BE IT RESOLVED, that the property located in the area of the west bank between Cedar Avenue and Interstate 35W in Minneapolis be declared surplus property; and
BE IT RESOLVED, that the same property be conveyed to the City of Minneapolis, consistent with Minn. Stat. § 465.035, and that following review and approval by the County Attorney’s Office, the County Administrator be authorized to sign all documents associated with the conveyance on behalf of the county.
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Background:
Hennepin County is the owner of property located between Cedar Avenue and Interstate 35W in Minneapolis (“Lot A1”), identified on Exhibit A to this Board Action Request. The property was obtained in 1996 by way of a turn back deed from the State of Minnesota. The property currently consists of vacant land and is surplus to county needs. This request proposes the necessary administrative steps to convey the property to the City of Minneapolis (“City”) so that it may be offered for sale for redevelopment.
Upon conveyance, the City will assemble Lot A1 with an adjacent surface parking lot already owned by the City. The combined site will then be sold for redevelopment as affordable housing developed by a private entity and a community center developed by the Minneapolis Park and Recreation Board. Proceeds from the land sale will be split between City and county on a pro-rata basis.
Current Request: This request is for authorization to declare property surplus and to convey the surplus property to the City of Minneapolis.
Impacts/Outcome: The conveyance will permit vacant surplus property to be developed as affordable housing and a community center through a redevelopment process led by the City of Minneapolis.
recommendation
Recommendation from County Administrator: Recommend Approval