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Resolution 5046 - Authorization to Purchase Property - Gateway West Mall Parking LotRESOLUTION NO.5046 A RESOLUTION TO AUTHORIZE THE CITY TO PARTNER WITH THE FLATHEAD COUNTY ECONOMIC DEVELOPMENT AUTHORITY TO PURCHASE REAL PROPERTY IN THE GATEWAY WEST ADDITION NO. 34 FOR THE PURPOSES OF PROVIDING ADEQUATE PARKING FOR ITS TENANTS. WHEREAS, the City of Kalispell and the Flathead County Economic Development Authority own real property and improvements at the Gateway West Mall in Kalispell and have a leasehold agreement with Teletech Corporation in which the parties have agreed that additional parking will be secured when the tenant exceeds 250 employees; and WHEREAS, the City of Kalispell and the flathead County Economic Development Authority entered into an agreement to purchase real property with ACG-Kalispell Investors, LLC for the purchase of approximately 2 acres in the amended plat of the Northwest Portion of Gateway West Addition No. 34 for the total purchase price of $312,760.80; and WHEREAS, the City of Kalispell and the Flathead County Economic Development Authority have agreed to equally share in the costs of the land purchase and to hold the property as cotenants with each entity holding an undivided one half interest; and WHEREAS, it is in the best interests of the City to partner with the Flathead County Economic .Development Authority and complete the purchase of the above -described property for the purposes of providing necessary parkin; to its tenants. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF V A T iC VT7 r r A C ri(1r r nUPQ SECTION I. The City shall complete the purchase of the Amended Plat of the Northwest Portion of Gateway West Addition No. 34 by contributing one-half of the costs of purchase. SECTION 11. The Mayor is hereby authorized to execute all legal documents necessary to complete the purchase of the above -described property. PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KALISPELL, THIS 15TH DAY OF AUGU 5. Pamela B. Kenne Mayor ATTEST: Theresa White City Clerk