HomeMy WebLinkAboutResolution No. 2008-305CITY OF COLUMBIA HEIGHTS
RESOLUTION 2008-305
APPROVING THE ACQUISITION OF PROPERTY LOCATED AT 4636 POLK STREET
WHEREAS, the City has found that there exists conditions of substantial deterioration 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, they City is making a concentrated effort to acquire foreclosed properties in the
Sheffield 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 Citi Financial (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 4636 Polk
Street NE between the City of Columbia Heights and Citi Financial and authorizes the
Mayor and City Manager to sign the agreement on behalf of the city at a purchase price
up to $97,500 plus all ancillary costs associated with closing and to proceed with
demolition bids.
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 Sheffield
Redevelopment funds (fund 410).
Passed this 8th day of December 2008
Offered by: Diehm
Second by: Kelzenberg
Roll Call: Aye: Peterson, Williams, Diehm, Kelzenberg Nay: Nawrocki
Attest:
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~'atricia Muscovitz, AMC ;~
City Clerk