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CITY OF HASTINGS DAKOTA COUNTY STATE OF MINNESOTA Council member resolution and moved its adoption. introduced the following RESOLUTION NO. RESOLUTION DECLARING PARTS OF LOTS 7 & 8, BLOCK 1, TOWN OF HASTINGS EXCESS CITY PROPERTY AND AUTHORIZING ITS EXCHANGE FOR BRA PROPERTY NORTH OF BLOCK 2, TOWN OF HASTINGS. WHEREAS The City of Hastings owns parts of Lots 7 & 8, Block 1, Town of Hastings (TH), approximately 4,093 square feet in size, with legal description shown on Exhibit A; and WHEREAS The Housing and Redevelopment Authority in and for the City of Hastings (HRA) owns a part of vacated East First Street right-of-way, adjacent and north of Lot 1, Block 2, and the East 1 foot of Lot 2, Block 2, TH, approximately 1,584 square feet in size; and WHEREAS The HRA proposed the exchange for the purpose of facilitating redevelopment on Block 1, TH and for the purpose of returning the vacated part of First Street to the public use to facilitate access along the riverfront; and WHEREAS The City of Hastings conducted a public hearing on November 1, 2004 to hear public comment on the proposed declaration of parts of Lots 7 & 8, Block 1, TH excess and authorizing exchange for HRA property north of Block 2, TH; and WHEREAS the City Council of the City of Hastings has determined that it is in the public interest that parts of Lots 7 & 8, Block 1, OTH, be declared excess and finds that the exchange of the property for the HRA property north of Block 2 is commercially reasonable; NOW THEREFORE BE IT RESOLVED by the City Council that the Mayor and City Clerk are authorized to execute a deed to the Hastings HOl.lsing and Redevelopment Authority, including the following provisions: A. City will convey the property by quit claim deed. B. City will reserve all easements platted on this property. C. Deeds will be exchanged when The Housing and Redevelopment Authority has executed a deed to the City of Hastings for the parcel north of Block 2, TH, formerly part of East First Street.