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Resolution 3683 - Resolution of Intent - Sell Reversionary InterestRESOLUTION NO. 3683 A RESOLUTION OF INTENTION TO SELL A REVERSIONARY INTEREST POSSESSED BY THE CITY OF KALTSPELL IN REAL PROPERTY TO THE STATE OF MONTANA. WHEREAS, the City of Kalispell possesses a reversionary interest in certain real property within its corporate limits to -wit: Lots 1, 2, 3 of Block 24, Kalispell Original Townsite, Flathead County, Montana, and, WHEREAS, the State of Montana, Department of Military Af fairs occupies said property under a Warranty Deed dated the 15th day of April, 1949, and WHEREAS, the Department is desirous of trading said property for property located approximately 3 miles North of the City of Kalispell and has requested that the City execute a Quit Claim Deed to the property so as to facilitate the trade, and WHEREAS, it appears that such a sale may be in the best interest of the inhabitants of the City of Kalispell and that the property may not be needed for the conduct of City business, and WHEREAS, an appropriate amount to require as consideration for said reversionary interest would be the sum of one dollar ($1.00), and WHEREAS, the City Council desires to sell said interest to the State of Montana, in accordance with the provisions of Section 7-8-101, Montana Code Annotated. NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AS FOLLOWS: SECTION I— That it is the intention of the City Council of the City of Kalispell to authorize the Mayor of the City of Kalispell to execute the necessary document tran�sferring the reversionary interest possessed by the City in Lots 1, 2, 3 of Block 24, Kalispell Original to the State of Montana. SECTION 11. That the City Council shall hold a public hearing a consider passage of a final Resolution authorizing the disposal of said reversionary interest as described above, at its regularly scheduled Meeting to be held on the 15th day of September, 1986. SECTION III. That the City Clerk -Treasurer is authorized and direc�E_ed to prepare and publish appropriate notice of the Resolution of Intention in the manner described in §7-8-101,__ MCA. PASSED BY THE CITY COUNCIL AND APPROVED BY THE MAYOR THIS 20t,h DAY OF AUGUST, 1986. ATTEST: City Clerk -Treasurer Yn Ed" Kefinedy Irt., Mayor 1, the undersigned, City Clerk of the city of Kalispell, certify that the foregoing is a true c(>py of the Resolution passed by the City council of the City of Kalispell, Montana, at a regular meeting held City Cl�rk of the City of Kalispell, Montana