Resolution 3785 - Establish Fair Market Value - Griffin FieldRESOLUTION NO. 3785
A RESOLUTION OF INTENTION TO SELL CERTAIN REAL PROPERTY OWNED BY THE
CITY OF KALISPELL.
WHEREAS, the City of Kalispell, a Municipal Corporation, owns
certain real property, to -wit: Block 23 of Kalispell, Montana, as
more particularly described in Exhibit "A" attached hereto and for
purposes of this Resolution made a part hereof, and
WHEREAS, Section 7-8-4201, Montana Code Annotated authorizes the
City Council to sell, dispose of or lease any property belonging to
the City upon proper passage of an Ordinance or Resolution passed by
two-thirds vote of all members of the City Council, and
WHEREAS, the City Council of the City of Kalispell, Montana,
desires to sell said property, for the purpose of financing the
purchase and development of public recreational facilities, and
WHEREAS, the property is not held in trust by the City of Kalispell
for a specific purpose therefore does n'ot require an election in
order to authorize its sale, and
WHEREAS, the property is not necessary for the conduct of City
business nor for the preservation of property owned by the City and
it is in the best interest of the City and its inhabitants to sell
said property, and
WHEREAS, at the regularly scheduled meeting of the City Council
on the 4th day of April, 1988, it was determined by a vote of the
City Council of the City of Kalispell that the fair market value for
said property was the sum of Two Hundred Thirty-five Thousand Dollars
($235,000).
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL, MONTANA, AS FOLLOWS:
SECTION I. That it is the intention of the City Council of
t e City of Kalispell to sell certain real property, to -wit:
Block 23, Kalispell, Montana, as more particularly described
in Exhibit "A".
SECTION II. That the City Council of the City of Kalispell
hereby establishes the fair market value of said property to
be the sum of Two Hundred Thirty-five Thousand Dollars
($235,000).
SECTION III. That the City Council of the City of Kalispell
shall receive sealed bid proposals, addressed to the City
Clerk, for the purchase of the property from the City at the
regularly scheduled Council meeting on the 20th day of June,
1988.
SECTION IV. That the terms of said sale shall be cash
within ten (10 ) days after the notice from the City to the
prospective purchaser that the bid for the sale of said
property is acceptable to the City.
SECTION V. That prospective purchasers of said property
shall as a condition of bidding said property, submit to the
City Clerk with its proposal, cash, certified check, or bank
money order in the amount of not less than five (5) per cent
of the bid amount in earnest money. The earnest money,
herein required, shall assure that the prospective purchaser,
whose bid is accepted, shall enter into, execute and perform
according to his bid. Should the prospective purchaser fail
and refuse to purchase the property, he shall forfeit such
earnest money to the City. The earnest money of the unsuccess-
ful purchasers shall be returned.
1
1
SECTION VI. Should the successful. prospective purchaser
ail to purchase the property, the City reserves the right
to consider and to sell said property to the next highest
prospective purchaser.
SECTION VII. That the City shall require the successful
prospective purchaser to bid at least ninety (90) per cent
of the fair market value.
SECTION VIII. Should the City fail to receive any bids for
the property, or should the bids received not be at least
ninety (90) per cent of the fair market value, the City
Council reserves the right to sell said property at private
sale in an amount agreeable between the City and the purchaser
which shall be in the best interest of the City of Kalispell
and its inhabitants.
SECTION IX. The City Clerk and City Attorney are hereby
authorized to advertise the sale of said property, both
through legal notice and commercial advertisement. Legal
notices of said sale shall be published at least twice on
successive weeks in the Daily Inter Lake.
SECTION X. The City Council hereby reserves the right to
reject any and all bids, to waive any technicality or any
informality and accept only that bid or proposal which may
be deemed best for the interest of the City of Kalispell.
PASSED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AND APPROVED
BY THE MAYOR THIS 4TH DAY OF APRIL, 1988.
WhnE" Kennedy J ., Mayor
ATTEST:
City Clerk -Treasurer
1
EXHIBIT "A"
Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, and 12, of Block
23, of Kalispell, Montana, according to the recorded plat
thereof on file and of record in the Office of the Clerk
& Recorder, Flathead County, Montana.
I, the undersigned, City Clerk of the City of Kalispell, certify that the
foregoing is a true copy of the Resolution passed by the City Council of the
City of Kalispell, Montana at a regular meeting held
City Clerk of the City of Kalispell
1
1