HomeMy WebLinkAboutResolution 95-35 35
RESOLUTZON 95 -
~'~ IESOLUTZON OF THE C~TY COUNCZL OF THE CZTY OF COLUMBZA HEZGHTS, MZNNESOTA
AUTHORZZZNG THE PURCHASE OF 4550-52 FZLLHORE 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 LaJos J. and Edith L. Horvath (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:
The City Council hereby approves the terms of the
Purchase Agreement (On 4550-52 Fillmore St. N.E.) between
the City and LaJos J. and Edith L. Horvath and authorizes
the Mayor and the City Manager to sign it on behalf of
the City at a purchase price of $63,000 which is
established as the fair market value based on the value
established by the formal appraisal of the property by
Watson Appraisal.
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 payment of the purchase cost
from the City CDBG Program funds.
PASSED THIS 24th DAY OF July 1995.
MOTION BY: Petkoff
SECONDED BY: Ruett |maon
ROLL CALL: AYES: Jolly, Petkoff, Ruettimann, Peterson, Sturdevant
NAYS: None
ATTEST:
~0Anne Student --
t/City Council Secretary
//~oseph~Stu~-devant Its Mayor
RES95