HomeMy WebLinkAboutResolution No. 2002-25 RESOLUTION 2002 - 25
BEING A RESOLUTION AUTHORIZING THE PURCHASE OF 325 SUMMIT AVENUE N.E.
WHEREAS, at the March 19, 2002 EDA Meeting; the Board reviewed a proposal to redevelop the
southeast comer of 40th Avenue and University Avenue; and
WHEREAS, the City presently owns two properties in the study area and is in the process of acquiring
the Conoco Station with Community Development Block Grant dollars obtained in 2001;
and
WHEREAS, the property located at 325 Summit Avenue N.E. is adjacent to the redevelopment site and
is unoccupied and available for a voluntary sale; and
WHEREAS, the consensus of the EDA was to pursue negotiations with the property owner for the
acquisition of 325 Summit Avenue N.E.
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 325 Summit Avenue
N.E. between the City of Columbia Heights and Walter Diachuk, personal representative for the
estate of Ivan Diaczuk and authorizes the Mayor and the City Manager to sign it on behalf' of the
City at a purchase price of $144,000, which is established as a fair market value based on
negotiations with the property owner.
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 the General Fund balance, to be
reimbursed at the time the redevelopment project property subdivision takes place and
alleyway improvements have been completed.
Passed this 25th day of March, 2002
Offered by: Williams
Second by: Szurek
Roll Call: Ayes: Peterson, Szurek, Wyckoff, Williams~, ~'~ ~.,~//~/t-,~-~7Z~ ~---~-, Nay: Sawroc~ ~
Attest: - - ~May~r-(~a~ L. Pet~rsor~ -
~patricia Muscovitz, Deput3~ City Clerk