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HomeMy WebLinkAboutResolution 94-56RESOLUTION 94 - 56 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLUMBIA HEIGHTS, MINNESOT~ ~&UTHORIZING THE PURCHASE OF 46Z4-26 PIERCE STREET N.E. LOCATED IN THE SHEFFIELD NEIGHBORHOOD WHERE]%S, 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 jointly prepared 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 residen- tial structures, residential units in need of repairs which are in violation of the City Housing Code and City Ordinances or there exists a need for intervention by the city to prevent further deterioration of the area, and WHEREAS, the City has an option to acquire one such non-owner occupied duplex property pursuant to the Purchase Agreement by and between the City of Columbia Heights and Floyd and Marilyn Dalseth (the "Seller"); and the Pur- chase Agreements were signed by the Seller(s) and are provided herewith; and 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 Agree- ment between the city and Floyd and Marilyn Dalseth authorizes the Mayor and the City Manager to sign it on behalf of the City at a purchase price of $72,000. (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 Agreements. (3) The City Council approves an interim source of funding from Capital Improvement Fund 410 in the amount of $72,000 plus $2,000 so the city may acquire the real property as provided in the Purchase Agreements. (4) The interim sources of financing of Capital Improvement Fund 410 shall be repaid from sources of permanent financing as set forth in Resolution 94-40 (Approving the Development Project Budget for 4600 block Between Pierce Street and Fillmore Street). (5) The Resolution supersedes and replaces Resolution 94-52 authorizing the Acquisition of Property by Eminent Domain Proceedings to Acquire Fee Simple Title (4624-26 Pierce Street N.E.). Passed this 12th day of September , 1994. Motion by: Peterson Seconded by: Ruettimann Roll Call: Ail Ayes Carole Blowe~ Secretary Pro Tem /~osep~ ~turdevant Its Mayor