EDA RES 26-10City of
Elk
River
City of Elk River
Economic Development Authority
Resolution 26-10
A Resolution of the Economic Development Authority in and for the City of Elk River Accepting
Conveyance of Real Property
WHEREAS, the City of Elk River ("City") and The Economic Development Authority in and for the City of
Elk River ("EDA') each own a portion of property as legally described in Exhibit A attached hereto
("Property");
WHEREAS, the EDA desires to convey a portion of the Property to an abutting property owner for
expansion of an existing building and a parking lot to serve the abutting property;
WHEREAS, the City agrees to convey the Property to the EDA and the EDA desires to accept
conveyance of the Property from the City by quit claim deed to clear title to the Property of the City's
terest in the Property.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of The Economic Development
Authority in and for the City of Elk River that the acquisition of the Property from the City by quit claim
deed is hereby approved.
Approved by the Board of Commissioners of the Economic Development Authority of the City of Elk
River this 17 day of August, 2026. t
Vice President
ATTEST:
Brent O'Neil, Executive Director
EXHIBIT A
That part of Lot 1, Block 1, NORTHSTAR BUSINESS PARK, Sherburne County, Minnesota, lying northerly
and westerly of the following described line:
Commencing at the Northeasterly corner of said Lot 1; thence southeasterly on a curve along the
Southwesterly right-of-way line of Twin Lakes Road an arc distance of 196.58 feet, said curve concave to
the northeast, having a radius of 880.21 and a delta angle of 12 degrees 47 minutes 45 seconds, to the
point of beginning of said described line; thence southwesterly to a point on the Westerly line of said Lot
1, 477.16 feet northwesterly of the Northwest corner of Lot 2, said Block 1, NORTHSTAR BUSINESS PARK,
and there terminating.