HomeMy WebLinkAboutResolution 96-25 RESOLUTION 96 - 25
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLUNBIA HEIGHTS,
#XNNESOTA AUTHORZZZNG THE PURCHASE OF 46]3-]5 PTERCE 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 Keith Maahs {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 4613-15 Pierce Street N.E.)
between the City and Keith Maahs and authorizes the
Mayor and the City Manager to sign it on behalf of
the City at a purchase price of $70,000 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.
e
The City Council approves payment of the purchase
cost from the City CDBG Program funds.
PASSED THIS 12thDAY OF February , 1996
MOTION BY: Jolly
SECONDED BY: Jones
ROLL CALL: All ayes
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