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HomeMy WebLinkAboutResolution 95-34RESOLUTION 95 - ~ -'~ESOLUTION OF THE' CITY COUNCIL OF THE CITY OF COLUMBIA HEIGHTS, MINNESOTA .,UTHORIZING THE PURCHASE OF 4656 MONROE 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 single family pursuant to the Purchase Agreement by and between the City of Columbia Heights and James A. and Karen L. Fredrickson (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 between the City and James A. and Karen L. Fredrickson and authorizes the Mayor and the city Manager to sign it on behalf of the City at a purchase price of $33,000 which is established as the fair market value based on the market 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 MOTION BY: ROLL CALL: 24th DAY OF July 1995. Ruettimann SECONDED BY: Peterson AYES: Jolly, Petkoff, Ruettimann, Peterson, Sturdevant NAYS: None ATTEST' ~An~e student t~ity council Secretary J eph ~tU~devant Mayor