HomeMy WebLinkAboutResolution 97-59RESOLUTION 97-59
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLUMBIA, HEIGHT-q, MINNESOTA,
AUTHORIZING THE PURCHASE OF 3913 POLK STREET N,E.
WHeReAS, the City has found that there exists conditions of deterioration,
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 and the Columbia Heights Economic Development Authority have
Modified the Central Business District Redevelopment Project and established the
Housing Redevelopment Tax Increment Financing District No. 1 (a redevelopment district)
on May 27, 1997; and
WHEREAS, the property owner has offered to the City an option to purchase one
such parcel within Housing Redevelopment TIF District No. 1 at 3913 Polk Street N.E.;
and
WHEREAS, the City desires to acquire said parcel and demolish the residential
structure for a fee not to exceed $35,000.
NOW, THER~FOREBE IT RESOLV~D by the City Council of the City of Columbia Heights
that:
The City Council hereby approves the purchase of 3913 Polk
Street N.E. for a fee not to exceed $28,381.91 which is
determined to be a fair market price given the deteriorated
condition of the structure and the assessor's estimated market
value of $58,400.
2e
The City Council directs the City Attorney to prepare a
purchase agreement and other documents necessary to execute
the sale of said property at 3913 Polk Street N.E.
The City Council authorizes the demolition of the residential
structure and other related expenses not to exceed $35,000 to
be reimbursed from Fund 299-46330-5110.
40
The City Council authorizes the Mayor and City Manager to
enter into an Agreement(s) for the same and to handle all the
requirements and conditions necessary to complete the transac-
tion.
PASSED THIS 27th DAY OF
October , 1997.
MOTION BY:
SECONDED BY:
Gary Peterson
Joseph Sturdevant
ROLL CALL:
AYES:
NAYS:
ATTEST BY:
Jones, Jolly, Peterson, RuettTmann, Sturdevant
None
Carole Blowers
Secretary Pro Tem