HomeMy WebLinkAboutResolution No. 2009-50CITY OF COL IA HEIGHTS
RESOLUTION 2009-50
APPROVING THE ACQUISITION OF PROPERTY LOCATED AT 4502 WASHINGTON
STREET NE
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 dilapidated foreclosed properties,
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 Wilshire Credit Corporation (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 402
Washington Street NE between the City of Columbia Heights and Wilshire Credit
Corporation and authorizes the Mayor and City Manager to sign the agreement on
behalf of the city at a purchase price of $35,000 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 cast from. the Capital
Improvement Development Fund (fund 420).
Passed this 27`" day of April 2009
Offered by:
Second by:
Roll call:
Williams
Kelzenberg
Ayes: Peterson, Williams, Nawro~~~ Tliahm KP1~PnhPra
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.~ ` at~ricia Muscovitz, CMC/City Clerk