HomeMy WebLinkAboutResolution No. 2008-185CITY OF COLUMBIA HEIGHTS
RESOLUTION 2008-185
APPROVING THE ACQUISITIONOF PROPERTY LOCATED AT 4631 PIERCE STREET
WHEREAS, the City has found that there exists conditions of deterioration, and substandard
structure, 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 the option to acquire such property pursuant to the Purchase Agreement
by and between the City of Columbia Heights and Realty Executives Top Producers (the "seller")
and Purchase Agreement has been signed by the seller and provided to the City Council.
NOW THEREFORE BE IT RESOLVED
1. The City Council hereby approves the terms of the Purchase Agreement for 4631 Pierce
Street NE between the City of Columbia Heights and Realty Executives Top Producers
and authorizes the Mayor and City Manager to sign the agreement on behalf of the city
at a purchase price of $132,000.00 plus all ancillary costs associated with closing.
2. The City Council hereby authorizes staff to handle all the requirements and conditions
in order for the City to complete the transaction contemplated in the Purchase
Agreement.
3. The City Council approves payments of the purchase cost from the Housing Fund
established in 2007.
Passed this 25`" day of August 2008
Offered By: Diehm
Second By; Kelzenberg
Roll Call: Ayes: Peterson, Williams, Nawrocki, Diehm, Kelzenberg
I
~,
Mayor Gary L.'~Peterson
Atte .
Patricia Muscovitz, CMC 1
City Clerk.