04-0285R

RESOLUTION ACCEPTING THE FREE CONVEYANCE OF PROPERTY FROM THE DULUTH ECONOMIC DEVELOPMENT AUTHORITY RELATING TO THE BOX FACTORY.

BY COUNCILOR GILBERT:

RESOLVED, that the proper city officials are hereby authorized to accept the free conveyance of the following-described property in St. Louis County, Minnesota, from the Duluth economic development authority (DEDA) subject to the conditions of DEDA Resolution No. 04D-40 adopted April 19, 2004, filed as Public Document No. ___________:
Lots 5 through 8, Block 16, Oneota Duluth, and
Lots 1 through 5, Block C, West Duluth Seventh Division.


STATEMENT OF PURPOSE:  The purpose of this resolution is to complete effectuation of land packaging of the Box Factory located at 4904 Recycle Way so that it may be marketed for development. DEDA acquired a portion of the Box Factory site from the state of Minnesota through the St. Louis County land department at no cost. The city also owns a portion of the site and, using block grant program funding, has since demolished the building and cleared the nonresidential site for development. The city has hired Messina and Associates Realty to market the property.