HomeMy WebLinkAboutResolution 95-36 36
RESOLUTION 95 -
~.~RESOLUTION OF THE CITY COUNCIL OF THE C~T¥ OF COLU~B~ HE~HTS~ HINNESOT~
,UTHORIZING THE PURCHASE OF 4549-51 T~YLOR STREET N.E.
WHEREAS, the City Council of the City of Columbia Heights (the "City)
has an on-going Community Development Block Grant (CDBG) funded Neighborhood
Revitalization Program; and
WHEREAS, the City has found that there exists conditions of deteriora-
tion, 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 (due to blighting influences) for intervention by the
City to prevent further deterioration of the area; and
WHEREAS, the City has an option to acquire one such duplex residential
pursuant to the Purchase Agreement by and between the City of Columbia
Heights and Gordon L. and Joan R. Bixler (the "Seller") and such Purchase
Agreement has been signed by the Seller and provided to the City Council.
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 (On 4549-51 Taylor St. N.E.) between
the City and Gordon L. and Joan R. Bixler and authorizes
the Mayor and the City Manager to sign it on behalf of
the City at a purchase price of $63,900 which is
established as the fair market value based on the amount
being the price for the property offered for sale through
Centennial Real Estate and the value being less than
value established by the formal appraisal of the property
by Watson Appraisal.
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 payment of the purchase cost
from the City CDBG Program funds.
PASSED THIS 24~h DAY OF July .... 1995.
MOTION BY: Rue~timann SECONDED BY: ?ctkoff
ROLL CALL: AYES: Jolly, Petkoff, Ruettimann, Peterson, Sturdevant
NAYS: None
ATTEST:
iAnne Student
ty Council Secretary
RES95
//o s eph/Sturdevant Its Mayor