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Councilmember Zimmerman introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #03-06-143 <br /> <br />RESOLUTION AUTHORIZING THE PURCHASE OF LOT 1, BLOCK 2, GATEWAY <br />NORTH INDUSTRIAL PARK PLAT 2 <br /> <br /> WHEREAS, it is an ongoing City policy to improve those areas of the City which have <br />become blighted as a result of under utilization; and <br /> <br /> WHEREAS, Lot 1, Block 2, GATEWAY NORTH INDUSTRIAL PARK PLAT 2 (the <br />"Lot") is a Lot width improvements which is need of redevelopment as a result of blight and under <br />utilization; and <br /> <br /> WHEREAS, The City applied for and was granted a Community Development Block Grant <br />to acquire and redevelop Lot 1, Block 2, GATEWAY NORTH INDUSTRIAL PARK PLAT 2. <br /> <br /> WHEREAS, funds for the purchase price of the Lot are available to the City through CDBG <br />funding and Tax Increment Financing District No. 2; and <br /> <br /> WHEREAS, the City has had an appraisal of the Lot and which appraisal indicates a market <br />value of $265,000. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) <br /> <br />That the City authorizes the purchase of Lot 1, Block 2, GATEWAY NORTH <br />INDUSTRIAL PARK PLAT 2 for a gross purchase price of $265,000.00, which <br />purchase price shall be made pursuant to the terms and conditions of the attached <br />purchase agreement. <br /> <br />2) <br /> <br />That tlie Mayor and City Administrator are hereby authorized to execute necessary <br />documents. <br /> <br />The motion for the adoption of the foregoing resolution was seconded by Councilmember Kurak, <br />and upon vote being taken thereon, the following voted in favor thereof: <br /> <br />Mayor Gamec <br />Councihnember Zimmennan <br />Councilmember Kurak <br />Councihnember Cook <br />Councilmember Elvig <br />Councihnember Pearson <br /> <br /> <br />