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Our Mission: Toworktogethertoresponsilygrow ourconemunity and toprozriIt quality,cost-effective, and of&cientgovernmentsetyices <br />CC Regular Session <br />Meeting Date: 06/10/2014 <br />By: Ted LaFrance, Administrative Services <br />Information <br />Title: <br />Adoption of Ordinance 14-05 Authorizing the Sale of City Real Estate to Imperial Development Company <br />7. 4. <br />Purpose/Background: <br />On May 27th the City Council moved to introduce Ordinance 14-05, an Ordinance Authorizing The Sale of City Real Estate to Imperial Development <br />Company, LLC after authorizing to enter into a purchase agreement with Imperial Development Company for the development of a Dollar General at 5195 <br />142nd Ave NW. <br />This Ordinance is eligible for adoption. <br />Adoption of this Ordinance is required to convey the property, per the City Charter. Should the City and Imperial Development Company be unable to reach <br />agreeable terms, this Ordinance will be considered void. <br />Observations/Alternatives: <br />Alternative #1: Adopt Ordinance 14-05 <br />Alternative #2: Decline adoption of Ordinance 14-05 thus terminating the sale of property to Imperial Development Company, LLC. <br />Recommendation: <br />Staff is recommending Alternative #1 <br />Action: <br />Motion to waive the City Charter requirement to read the ordinance aloud; <br />-AND- <br />Motion to adopt Ordinance #14-05 Authorizing the Sale of City Real Estate to Imperial Development Company, LLC. <br />Vote: <br />Councilmember Riley <br />Councilmember Tossey <br />Councilmember Backous <br />Councilmember Kuzma <br />Councilmember LeTourneau <br />Councilmember Johns <br />Mayor Strommen <br />Ordinance 14-05 <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulnch 06/03/2014 05 18 PM <br />Form Started By Ted LaFrance Started On 06/03/2014 10 32 AM <br />Final Approval Date. 06/03/2014 <br />