HomeMy WebLinkAbout5.1b Resolution 2022.0011
COTTAGE GROVE ECONOMIC DEVELOPMENT AUTHORITY
WASHINGTON COUNTY
STATE OF MINNESOTA
RESOLUTION NO. 2022-001
A RESOLUTION APPROVING THE PURCHASE OF PROPERTY FROM
GLENDENNING FARMS, L.P., WAG FARMS, INC. AND
JOAN GLENDENNING KENNEDY FAMILY LIMITED PARTNERSHIP
AND SALE OF PROPERTY TO RENEWAL BY ANDERSEN LLC
FOR DEVELOPMENT PURPOSES
WHEREAS, the Cottage Grove Economic Development Authority (“EDA”) desires to
purchase and sell approximately 19.34 acres of property from Glendenning Farms, L.P., WAG
Farms, Inc. and Joan Glendenning Kennedy Family Limited Partnership (“WAG”), pursuant to a
Purchase Agreement by and between WAG and EDA (“WAG Purchase Agreement”), for the
purpose of development for certain real property legally described as follows:
Outlot A, Glengrove Industrial Park 8th Addition
Abstract Property
PID No. 20.027.21.43.0014
(the “Property”); and
WHEREAS, Renewal by Andersen LLC, a Minnesota limited liability company
(“Developer”), desires to purchase the Property, pursuant to a Purchase Agreement by and between
the EDA and Developer (“Developer Purchase Agreement”), for a warehouse and parking lot and
uses incidental thereto; and
WHEREAS, on November 9, 2021 the EDA approved the WAG Purchase Agreement and
Developer Purchase Agreement; and
WHEREAS, on January 11, 2022, the EDA held a public public hearing on the sale of the
Property and the EDA considered all of the information presented at the public hearing.
NOW THEREFORE BE IT RESOLVED by the Board of Commissioners of the Cottage
Grove Economic Development Authority as follows:
1. The purchase of Property from WAG and sale of the Property to the Developer is in the
public interest of the City and its people, furthers its general plan of economic development
and furthers the aims and purposes of Minn. Stat. Sections 469.090 to 469.108; and the
appropriate officials are authorized to take such action so as to effectuate such purchase and
sale.
2
Adopted this 11th day of January, 2022.
Myron Bailey, President
Attest:
Jennifer Levitt, Executive Director