HomeMy WebLinkAboutResolution No. 2002-67 RESOLUTION 2002 - 67
BEING A RESOLUTION AUTHORIZING THE PURCHASE OF 3710 CENTRAL AVENUE N.E.
WHEREAS, the City Council and EDA have established Central Avenue as a priority for
redevelopment in order to remove blight and improve vitality on the avenue; and
WHEREAS, the City presently owns two properties in this redevelopment area and are in the process
of negotiating a commercial/housing redevelopment project at this site; and
WHEREAS, the prOPerty located at 3710 Central Avenue N.E. is part of the redevelopment site and
has become available for a voluntary sale; and
WHEREAS, the proposed purchase agreement is within reasonable limits of the appraisers value
estimate for this property.
NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Columbia Heights that:
The City Council hereby approves the terms of the Purchase Agreement for 3710 Central
Avenue N.E. between the City of Columbia Heights and Paul and Vir.~nia gleeerofl, and
authorizes the Mayor and the City Manager to sign it on behalf of the City at a purchase price of
$2_411,11fl0.~, which is established as a fair market value based on negotiations with the property
OWller.
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.
The City Council approves payment of the purchase from Fund 414, to be reimbursed at the
time redevelopment of this property takes place.
Passed this 25th day of November, 2002
Offered by:
Second by:
Roll Call:
Szurek
Wyckoff
Ayes - Peterson, Szurek, Wyckoff, Williams, Nawrocki
Attest:
P~tricia
Muscovitz, Deputy City3zlerk
MayorPet 's o-n