HomeMy WebLinkAboutResolution 2001-44 RESOLUTION 2001 - 44
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLUMBIA HEIGHTS,
MINNESOTA AUTHORIZING THE PURCHASE OF 500 MILL STREET N.E.
WHEREAS, the City Council of the City of Columbia Heights (the "City") desires to purchase
500 Mill Street N.E. for future City use; and
WHEREAS, the acquisition of the property legally described as Lots 21 and 22, First Subdivision
of Block F, Colmnbia Heights Annex to Minneapolis, Anoka County, Minnesota, including West one half
of vacated alley lying adjacent thereto, is situated adjacent to City owa~ed property; and
WHEREAS, City staff have negotiated a purchase agreement for said property with Andre and
Phyllis Zurbey (the "Seller"); and
WHEREAS, the purchase price of $135,000 has been negotiated with the funds coming from the
proceeds of the sale of Sullivan Lake property to Medtronic
NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Columbia Heights
that:
1. City Council hereby approves the terms of the Purchase Agreement for said property between
the City and Andre and Phyllis Zurbey, and authorizes the Mayor and the City Manager to sign the
agreement on behalf of the City at a purchase price of $135,000 which is established as the fair market
value based on the amount being the price for the property offered for sale by the owner and the value
being determined by comparison of formal appraisals of the property.
2. The City Council hereby authorizes the City Manager to handle all the requirements and
conditions in order for the City to complete the transaction contemplated in the Purchase Agreement.
3. The City Council approves payment of the purchase cost fi:om the proceeds resulting fi:om the
sale of the Sullivan Lake property to Medtronic.
PASSED THIS 9a~ DAY OF July, 2001
MOTION BY: Williams
SECONDED BY: Szurek
ROLL CALL: Ayes: Mayor eeterson, Councilmembers Szur~Wyckoff, Nawrocld
Mayor Gal-y L. Peterson
m(~cia Muscovitz, Deputy CityC"v(-°-C~lC1 rk