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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