HomeMy WebLinkAboutResolution 96-31RESOLUTION 96-31
RESOLUTION AUTHORIZING THE PURCHASE OF TRACT D, R.L.S. #159,
ANOKA COUNTY, MINNF_3OTA
WHEREAS, the City Council of the City of Columbia Heights (the "City") desires to provide quality
recreational facilities to the City's residents; and
WHEREAS, the acquisition of the vacant parcel situated between 39th Avenue N.E. and Huset Park, more
specifically described as Tract D, Registered Land Survey #159, Office of the Registrar of Titles, Anoka County,
Minnesota, would allow improvements to the facilities at Huset Park; and
WHEREAS, City staff have negotiated a purchase agreement for said property with Hillcrest Development
(the "Seller"); and
WHEREAS, $50,000 was appropriated in the 1996 budget for the purchase of this land.
NOW, TI-I~REFORE, 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 for said property between
the City and Hillcrest Development, and authorizes the Mayor and City Manager to sign the
agreement on behalf of the City at a purchase price of $80,198, 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.
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 Agreement.
3. The City Council appropriated $30,198 from fund balance in fund 412, Capital Improvements-Parks,
for land acquisition.
4. The City Council approves payment of the purchase from Fund 412, Capital Improvement Parks.
Passed this 2~th day of ~larch ,1996.
Offered by: Peterson
Seconded by: Jones
Roll Call: A1 1 ayes
Jo-Anne Student', Council Secretary
// May~r J'osep~ Sturdevant -