Loading...
HomeMy WebLinkAboutResolution 2001-43RESOLUTION 2001-43 RESOLUTION OF THE CITY OF COLUMBIA HEIGHTS, MINNESOTA AUTHORIZING THE PURCHASE OF 4401 QUINCY STREET NE. 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 4401 Quincy Street NE; and WHEREAS, the City desires to acquire said parcel for a fee not to exceed $120,000. NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Columbia Heights that: 1. The City Council hereby approves the purchase of 4401 Quincy Street NE. for a fee not to exceed $120,000 which is determined to be a fair market price given the deteriorated condition of the structure. 2. The City Council directs the City Attorney to prepare a purchase agreement and other documents necessary to execute the sale of said property at 4401 Quincy Street NE. 3. The City Council authorizes the use of $70,000 of Anoka County HOME Grant Funds, $17,500 of Economic Development Authority Funds, and $35,650 of Twin City Habitat for Humanity Funds for the financing oft_his project. 4. 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 transaction. Passed this 9th day of July, 2001. Motion by: Szurek Seconded by: Williams Roll Call: Ayes - Williams, Szurek, Wyckoff, Peterson Nay - Nawrocki Motion Carried cia Muscovitz, Deputy C~erk