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HomeMy WebLinkAboutResolution 94-43RESOLUTION 94- /43 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLUMBIA HEIGHTS, MINNESOTA, AUTHORIZING THE PURCHASE OF 4601 FILLMORE ST. AND 4619 FILLMORE ST. LOCATED IN THE SHEFFIELD 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 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 two such non-owner occupied duplexes pursuant to that certain Purchase Agreement by and between the City of Columbia Heights and Gary and Carolyn Knutson (the ~Sellers"); and certain Purchase Agreement by and between the City of Columbia Heights and Donald L. and Margie E. Drabant (the "Sellers'); and the Purchase 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: o o o Passed The City Council hereby approves the terms of the Purchase Agreement between the City and Donald L. and Margie E. Drabant and authorizes the Mayor and the City Manager to sign it on behalf of the City at a purchase price of $69,900. The City Council hereby approves the terms of the Purchase Agreement between the City and Gary and Carolyn Knutson and authorizes the Mayor and the City Manager to sign it on behalf of the City at a purchase price of $69,000. 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. The City Council approves an interim source of funding from Capital Improvement Fund 410 in the amount of $138,900 plus $4,000 so the City may acquire the real property as provided in the Purchase Agreements. The City Manager is authorized to work jointly with the Authority to identify a permanent source of project financing. The interim sources of financing of Capital Improvement Fund 410 shall be repaid from sources of permanent financing as set forth in Resolution 94-~ (Approving the Development Project Budget for 4600 block Between Pierce Street and Fillmore Street). this 18th day of July ,1994. Offered by: Nawrock i Seconded by: Rue t t i ma n n Roll Call: A11 ayes Date of Passage: -Anne Stude;~t, Council ~ecretary