Resolution 6010A - Sale of Lot 15, Old School StationRESOLUTION NO. 6010 p.
A RESOLUTION APPROVING THE SALE OF CERTAIN REAL PROPERTY COMMONLY
KNOWN AS LOT 15 OF OLD SCHOOL STATION SUBDIVISION BY MEANS OF A LAND
EXCHANGE FOR LOT 4 OF OLD SCHOOL STATION SUBDIVISION, PREVIOUSLY
PURCHASED ON CONTRACT BY THE BUYER FROM THE CITY.
WHEREAS, in April and May of 2015, the City of Kalispell, by a series of resolutions, purchased
six lots in the Old School Station Subdivision from Flathead County in a delinquent
tax sale for the purpose of salvaging the special improvement district bonding taken
out by the City and supporting the tax increment districts in the subdivision through
marketing and resale of the properties subject to development agreements; and
WHEREAS, on May 1, 2020 the City sold Lot 4 of Old School Station to purchaser, Edge LLC, on
contract and subject to the terms of a development agreement; and
WHEREAS, since the time of the sale of Lot 4 to the purchaser, it was determined by the purchaser
that Lot 15 will better suit its needs which have changed in the interim; and
WHEREAS, it is in the best interests of the City and its purposes in acquiring and reselling the
parcels, to enter into a land exchange with the purchaser, in which Lot 4 is reconveyed
back to the City at its original purchase price and the City conveys Lot 15 to the
purchaser at its offered market price, giving the purchaser credit for the consideration
it has already paid for Lot 4 and entering into another contract and development
agreement for Lot 15.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL AS FOLLOWS:
SECTION 1. The City Manager is hereby authorized to execute all the necessary
documentation to enter into a land exchange with Edge LLC, in which Lot 4 of
Old School Station Subdivision is reconveyed back to the City at its original
purchase price and for the City to convey Lot 15 of Old School Station to Edge
LLC at its offered market price, giving Edge LLC credit for the consideration
it has already paid for Lot 4 and entering into another contract and development
agreement with Edge LLC for Lot 15.
PASSED AND APPROVED BY THE CITY COUNCIL BY A 2/3RD MARGIN AND SIGNED BY
THE MAYOR OF THE CITY OF KALISPELL, THIS 19TH DAY OF JANUARY, 2021.
ATTEST:
Aimle Brunckhorst, CMC
City Clerk
Mark Jo oM``o&��r f
��HPf'tl�Nil►\\\�