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HomeMy WebLinkAboutResolution No. 2008-229RESOLUTION 2008-229 APPROVING THE ACQUISITION OF PROPERTY LOCATED AT 4647 POLK 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 4647 Polk Street NE between the City of Columbia Heights and ReMax Associates and authorizes the Mayor and City Manager to sign the agreement on behalf of the city at a purchase price of $70,000.00 plus all ancillary costs associated with closing. 2. The City Council hereby authorizes the 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 Sheffield Redevelopment Fund. CITY OF COLUMBIA HEIGHTS Passed this B ~ day of ~~~~i~., ,. , 2008 Offered By: Williams Second By: Kelzenberg Roll Cali: Aye: Peterson, Williams, Kelzenberg Abstain: Nawrocki Absent: Diehm Attest: atricia Muscovitz, CMC City Clerk