Resolution - #03-06-144 - 06/10/2003

Home

Councilmember Z{mmerman introduced the following resolution and moved for its adoption: RESOLUTION #03-06-144 RESOLUTION AUTHORIZING THE PURCHASE OF LOT 2, BLOCK 2, GATEWAY NORTH INDUSTRIAL PARK PLAT 2 WHEREAS, it is an ongoing City policy to improve those areas of the City which have become blighted as a result of under utilization; and WHEREAS, Lot 2, Block 2, GATEWAY NORTH INDUSTRIAL PARK PLAT 2 (the "Lot") is a Lot which is need of redevelopment as a result of blight and under utilization; and WHEREAS, The City applied for and was granted a Community Development Block Grant to acquire and redevelop Lot 2, Block 2, GATEWAY NORTH INDUSTRIAL PARK PLAT 2. WHEREAS, funds for the purchase price of the Lot are available to the City through CDBG funding and Tax Increment Financing District No. 2; and WHEREAS, the City has had an appraisal of the Lot and which appraisal indicates a market value of $110,000i which purchase price shall be made pursuant to the terms and conditions of the attached purchase agreement. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) That tile City authorizes the purchase of Lot 2, Block 2, GATEWAY NORTH INDUSTRIAL PARK PLAT 2 for a gross purchase price of $110,000.00, which purchase price shall be made pursuant to the terms and conditions of the attached purchase agreement. 2) That tlxe Mayor and City Administrator are hereby authorized to execute necessary documents. The motion for the adoption of the foregoing resolution was seconded by Councilmember Kurak, and upon vote being taken thereon, the following voted in favor thereof: Mayor Gamec Counci lmember Zimmerman Councilmember Kurak Councilmember Cook Councilmember Elvig Councilmernber Pearson