HomeMy WebLinkAboutResolution 94-37RESOLUTION 94-37
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLUMBIA HEIGHTS,
MINNESOTA, AUTHORIZING THE PURCHASE OF VARIOUS RESIDENTIAL
PROPERTIES 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
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,
Vv~IEREAS, the City has an option to acquire one such non-owner occupied duplexes pursuant
to that certain Purchase Agreement by and between the City of Columbia Heights and Larry and Janice
Groshong (the ~Sellers~) and the Purchase Agreement was signed by the Sellers 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 at a purchase price of $65,000.
2. The City Council hereby authorizes the City Manager to handles 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 $65,000, plus $2,000 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 27th day of dune , 1994.
Offered by: Peter son
Seconded by: Ruettimann
Roll Call: A1 1 ayes
Date of Passage: June 27, 1994-
nne Student, Coun~l'Secretary
~ph Stul~evant-Jr., Mayor