HomeMy WebLinkAboutResolution 94-51RESOLUTION NO. 94 - 51
RESOLUTION OF THE CITY COUNCIL OF THE CITY
HEIGHTS, MINNESOTA AUTHORIZING THE PURCHASE
OF 4648-50 PIERCE STREET LOCATED IN THE
SHEFFIELD NEIGHBORHOOD
OF COLUMBIA
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
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 residential 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-owned
occupied duplex pursuant to the Purchase Agreement by and
between the City of Columbia Heights and Donald J. and Mariann
Alsum (the "Sellers")' and the Purchase Agreements wet esigned
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 Agreement between the City and Donald J. and
Mariann Alsum authorizes the Mayor and City Managre to
sign it on behalf of the City at a purchase price of
$73,000.
(2)
The City Council hereby authorizes the City Managr 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
$73,000 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).
Resolution No. 94 - 51
page 2
Passed this 22nd day of August, 1994.
Peterson
Ruettimann
Ail ayes
Offered by:
Seconded by:
Roll call:
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