HomeMy WebLinkAboutOrdinance 142ORDINANCE NO.
AN ORDINANCE AUTHORIZING THE SALE BY THE CITY
OF COLU~2[BiA HEIGHTS OF CERTAIN REAL ESTATE TO
THE COLt~BIA HEIGHTS STATE BANK AND FOR THE
GIViNG OF AN OPTION AND LEASE.
THE CITY OF COLU~iBIA PHEIG~S DOES ORDAIN:
Section 1. Authorization of Sale of Real E~tate.
That the City of Columbia Heightm sell and conwey to the
Columbia Heights State Bank that certain tract of land lying and
being in the County of Anoka, State of ~innesota, described as
follows, to-wit:
Lot Four (4), Block Sixty-two (6~),
Columbia Heights Annex to ~inneapolis,
according to the plat thereof on file
and of record in the office of the
Register of Deeds in and for said
County and State;
together with all the heredit~ments and appurtenances thereunto
belonging or in anywise appertaining, reserving, however, to the
City of Columbia Heights the right of support and protection from
the elements and all other rights whdcb the law may ~mply in party
or common wall agreements, in and to that co~on w~tl
which separates the building on the premises herein being sold to
the Colnmbia Heights State Bank and the building located on Lot
Five (8), Block Sixty-two (8~), Col~mbia Heights Annex to Minne-
apolis.
Section ~. Terms and Conditions of Sale.
That the term~ of the sale of said property to the
Colombia Heights State Bank shall be as follows:
a. Columbia Heights State Bank to pay the City of
Columbia Heights Eleven ThouSand (SI1,000.00) Dollars cash for
the following described property, to-wit: Lot Four (~.), Block
Six~y-two (6~), Col~m~ia Heights Annex to !ginneapolis, more par-
tioularly described abovej ~ ~ ~~/~.
b. The Columbia Heights State Bank to agree to heat
the building located on Lot Five (8), Block Sixty-two (SE) now
occupied as a branch United States Post Office during the winter
of lgOV-~8 without cost to the City of Columbia Heights.
L
c. The City of Columbia Heights to execute a lease to
the Columbia Heights State Bank for the period of one year from
and after the 18th day of October, 193V, for the first floor and
so much of the basement as is not now used by other tenants of
the building located on Lot Tb:~ee (3), Block Sixty-two (6E), Col-
umbia Heights Annex to ~inneapolis, co~r~only known as the Henderson
building, for the sum of Fifty ($50.00) Dollars per month, heated,
the City of Colu~bia Heights agreeing that under the terns of said
lease it will vacate the building on thirty (30) days notice in
case the same is sold.
d. That the City of Colun~bia Heights give to the Column-
bis Heights State Bank an option to p~chase Lot Five (8), Block
Sixty-two (6~), Columbia Heights ~Dex to ~inneapolis, together
with all he~edita~e~ts ~nd appurtenances thereunto belonging
in an~ise ap~rtai~in~ for the sum of Six Thousand Fiv~ ~dred~
($6,500.00) Dollars, said option to continue until such time as
the present lease of the Post Office ~rtment of the building
located on said premises is renewed or negotiations for the re-
newal of the same definitely fail, but in no event shall such
option continue for a ~riod longer th~n eighteen (18) months
from the lath day of October, 193V.
Section 3. Mayor and City ~anager~ to ~ecute Documents.
That the ~{ayor and City lZanager be and the same ~reby
are authorized to execute and deliver to the Col~bia Heights
State Bank all legal documents necessary for the carrying out of
the terms of this ordinance.
Section 4. Time of Takin[ ~fec~.
This ordinance shall take effect and be ~ force from
and after thirty (50) days after its passage.