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