HomeMy WebLinkAboutResolution 96-43 RESOLUTION 96- ~
~RESOLUT~ON OF THE C~TY OF COLUJfBI~ HEI~HTS~
PURCHASE OF 4625-27 P~ERCE STREET N.E.
MINNESOTA AUTHORiZiNG THE
NHERF~S, 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
~HEREAS, 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 John Rekuski (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 4625-27 Pierce Street N.E.)
between the City and John Rekuski and authorizes the
Mayor and the City Manager to sign it on behalf of the
City at a purchase price of $73,000 which is established
as the fair market value based on the amount being the
price for the property offered for sale by the owner and
the value being determined by comparison of formal
appraisals of the property.
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 8th DAY OF Apr;] , 1996.
MOTION BY: Jo0es
SECONDED BY: Jo] ]y
ROLL CALL:
A] ! ayes
ATTEST:
/~.oAnne Student
~/City Council Secretary
Jose~ ~turdevant --
Its Mayor