HomeMy WebLinkAboutResolution 93-65 RESOLUTION 93- 6~
RRe, OLUTION OF THE CITY COUNCIL OF THE CITY OF COLUMBIA HEIGHTS,
M]N~TA, AUTHORIZING THE PURCHASE OF VARIOUS RESIDENTIAL
PROPERTIF. S LOCATED IN THE SI4F-~ NEIGHBORHOOD
WHEREAS, the City Council of the City of Columbia Heights (the "City") and the Housing and
Redevelopment Authority in and for the City of Columbia Heights (the "Authority") have been working
jointly to prepare a Redevelopment Plan for the Sheffield Neighborhood entitled "The Sheffield
Neighborhood Revitalization Program" (the "Redevelopment Plan"); and
WHEREAS, the City and the Authority have found within the Sheffield Neighborhood there exists
conditions of deterioration, substandard residential structures, residential units in need of compulsory
repairs which are in violation of the City Housing Code and City Ordinances and there exists a need for
intervention by the public sector to prevent further deterioration of the area, and,
WHEREAS, the City has an option to acquire 13 such non-owner occupied duplexes pursuant to that
certain Purchase Agreement by and between the City of Columbia Heights and Leiand W. and Audrey K.
Stauch (the "Sellers") and the Purchase Agreement was signed by the Sellers on December 9, 1993, and is
provided herewith; and
WHEREAS, the City and the Authority are working jointly to finalize a budget and a source of
permanent funds to acquire the real property to be conveyed by the Sellers to the City according to the
terms of the Purchase Agreement.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Columbia Heights that:
1. The City Council hereby approves the terms of the Purchase Agreement and authorizes the Mayor and
the City Manager to sign it on behalf of the City.
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 an interim source of funding from Capital Improvement Fund 410 in the
amount of $707,000, with an interfund loan from the Retained Earnings Fund 652, Sewer'
Construction Fund, so the City may acquire the real property as provided in the Purchase Agreement.
4. The City Manager is authorized to work jointly with the Authority to identify a permanent source of
project financing.
5. The Interim Sources will be repaid at such time when sources of permanent financing for the costs
identified in the Redevelopment Plan have been received by the City.
Passed this 13th day of December ,1993.
Offered By: Rue t t i ma n n
Seconded By: Peterson
Roll Call: Clerkin, Ruettimann,
Da. te of Passage:
/~-A~ne S~udent, Cou~cir~ecretary
Peterson, Murzyn - aye Nawrocki - abstain
, .g_? -
Donald-J. Murzyn, Jr., Mayor