BY COUNCILOR GILBERT:
RESOLVED, that pursuant to the requirements of Resolution No. 02-0606, the Duluth economic development authority's (DEDA) approval of the conveyance of certain tax-forfeited properties in the Duluth Heights neighborhood to Northern Communities Land Trust (NCLT) for the construction of new housing on in-fill sites, for which NCLT will pay DEDA's cost of acquisition in the amount of $15,674.52, to be deposited into Fund 0865, pursuant to DEDA Resolution No. 04D-33, adopted on March 16, 2004, a copy of which is on file in the office of the city clerk as Public Document No. _________, is hereby approved.
STATEMENT OF PURPOSE: The purpose of this resolution is to approve the action of the DEDA board of commissioners pursuant to its Resolution 04D-33 as is required by Resolution 02-0606.
The nature and purpose of the conveyance together with the amount to be paid to DEDA are set forth in DEDA Resolution 04D-33 and its statement of purpose.