Resolution 3963 - Intent to Sell Buffalo Head Lot 11W
RESOLUTION NO.
3963
A RESOLUTION OF INTENTION TO SELL CERTAIN PROPERTY OWNED BY THE
CITY OF KALISPELL.
WHEREAS, the City of Kalispell acquired from Stan W. Pine,
and now owns, certain real property, described as Lot 11, Buffalo
Head Addition No. 92, and
WHEREAS, Section 7-8-42010 Montana Code Annotated,
authorizes a municipality to sell, lease or otherwise dispose of
any real property belonging to the City upon proper passage of e an
ordinance or Resolution passed by two-thirds vote of all memb rs
of the City Council, and
WHEREAS, the City of Kalispell desires to sell the above -
mentioned property in order to redeem special improvement
district bonds issued pursuant to Special improvement District
#328, and
WHEREAS, the property is not held in trust by the City of
Kalispell for any specific purpose and therefore does not 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, the City must sell, at a minimum, said real
property for the sum Of $23,790.52 to cover the expenses of
purchasing the property and to retire the delinquent and
outstanding special improvement district bonds which are a lien
upon the property, and
WHEREAS, the city has retained the services of an appraiser
for said property and that the appraisal established a market
value of said property to be the sum of $37,500.00.
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 sell certain real
property, to -wit: Lot 11, Buffalo Head Addition No.
92, Kalispell, Montana.
SECTION II. That the City Council of the City of
Kalispell, hereby, establishes the fair market value of
said real property to be the sum of $37,500.00.
SECTION I II. That the City shall receive sealed bid
proposals to purchase the City owned lot in the Buffalo
Head Addition No. 92, addressed to the City Clerk of
the Council, to be opened by the City Manager at an
open administrative meeting commencing at
12: 00 p . M. on November 27_, 1990.
SECTION IV. That the terms of the sale shall be cash
within ten (10) days after the notice from the City to
the Drosuective Purchaser that the bid for the sale of
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the prospective purchaser fail and refuse to purchase
the property, he shall forfeit such earnest money to
the City. The earnest money of the unsuccessful
purchasers shall be returned.
SECTION V1. Should the successful prospective
purchaser fail to purchase the property, the City
reserves the right to consider and sell said property
to the next highest bidder.
SECTION VII.. The City shall require the successful
prospective purchaser to bid at least ninety (90) per
cent of the established 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) percent 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 of the Council is hereby
authorized to advertise the sale of said property
through legal notice. Legal notices of said sale shall
be published in the Daily Inter Lake at least three
times on successive weeks.
SECTION X. The City Council hereby reserves the right
to reject any and all proposals, to determine whether
any and all proposals submitted support the public
interest, to waive any informality or technicality and
to accept only the bid or proposal which may be deemed
in the best interest of the City of Kalispell.
PASSED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AND APPROVED
BY THE MAYOR THIS Sth DAY OF November 1990.
(;Do-v Rat)
Bouglas:QRauthe, Mayor
ATTEST:
Amy H./Robertson
City Clerk -Treasurer
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