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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