HomeMy WebLinkAboutResolution 94-04RESOLUTION NO. 94-04
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
WHEREAS, the City has an option to acquire 2 such non-owner
occupied duplexes located at 4637 - 4639 Fillmore Street and 4613 -
4615 Fillmore Street pursuant to that certain Purchase Agreement by
and between the City of Columbia Heights and Anthony and Agnes
Yurkew (the "Sellers") and the Purchase Agreement was signed by the
Sellers on January 3, 1994, 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
the Capital Improvement Fund 410 in the amount of $112,000,
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.
Resolution No. 94-04
page 2
Passed this 10th day of January, 1994
Offered by:
Ruettimann
Seconded by: Peterson
Rol-1 call: Nawrocki, Ruettimann, Peterson, Sturdevant- aye
Jolly - abstain
~/. ~_~__~~ ~yor ~os'eph Sturdevant
o-Anne Student, o~ci] Secretary