HomeMy WebLinkAboutResolution No. 2002-27 RESOLUTION 2002 - 27
BEING A RESOLUTION AUTHORIZING THE PURCHASE OF 3955 UNIVERSITY AVENUE N.E.
WHEREAS, the City Council of the City of Columbia Heights (the "City) has an on-going Community
Development Block Grant (CDBG) funded Commercial Revitalization Program; and
WHEREAS, the City has found that there exists conditions of deterioration, substandard residential
structure, in need of repairs which are in violation of the City Housing Code and City Ordinances or there exists a
need (due to blighting influences) for intervention by the City to prevent further deterioration of the area; and
WHEREAS, the City has an option to acquire one such commercial property pursuant to the Purchase
Agreement by and between the City of Columbia Heights and Jamal Malik (the "Seller") and such Purchase
Agreement has been signed by the Seller and provided to the City Council.
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 3955 University
Avenue N.E. between the City of Columbia Heights and Jamal Malik and authorizes the Mayor and
the City Manager to sign the agreement on behalf of the City at a purchase price of $240,000,
which is established as a fair market value, based on negotiations with the property owner and a
formal appraisal of the property.
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 cost fi.om the City Community
Development Block Grant Program funds.
Passed this 8th day of April, 2002.
Offered by:
Second by:
Roll Call:
Patri6ia Museovitz, Deputy City CI~
Williams
Szurek
All ayes: Peterson, Szurek, Wyckoff, Williams, Nawrocki
Mayor C~ L. Peterson