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