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5a. Resolution 4149 - Purchase PropertyPlanning, Economic & Community Development Department P.O. Box 1997 Kalispell, MT 59903-1997 110 01y 0i Kjllgll Incorporated 1892 Tie) 7:f\L-111 i TO: Bruce Williams, City Manager FROM: Lawrence Gallagher, PECDD, Director DATE: April 25, 1994 248 Third Avenue East (406) 752- 7491 (406) 755-801 7 (office fax) (406) 752-6639 (City Hall fax) SUBJECT: Request for Resolution Authorizing The Purchase of the J. Diane Hall Residence located at 732 Fifth Avenue West J. Diane Hall has been able to locate a replacement dwelling and has asked that the City of Kalispell expedite the closing and purchase of her property described as follows: Lot 5 in Block 187 of Kalispell Townsite Company's Addition #1 to Kalispell, Montana, according to the map or plat thereof on file and of record int he office of the Clerk and Recorder of Flathead County, Montana. The City has previously accepted Diane's April 1, 1993 OFFER TO SELL the above referenced property for a total sales price of Seventy Five Thousand Dollars ($75,000). Should the City Council approve this request we could close as soon as legally possible, after the effective date of the Resolution and upon obtaining a final commitment for title insurance. She has requested a June 1, 1994, closing date. "DRAFT" RESOLUTION NO. 4149 A RESOLUTION RELATING TO THE ACQUISITION OF LOT 5, BLOCK 187, KALISPELL ORIGINAL FROM DIANE HALL, ESTABLISHING A FAIR MARKET VALUE, IDENTIFYING THE INTEREST TO BE ACQUIRED, AND CERTIFYING THAT THE WORK OF THE APPRAISER HAS BEEN PERFORMED IN A COMPETENT MANNER. WHEREAS, the City of Kalispell by Ordinance No. 1065 passed on the 14th day of November, 1985, did designate certain projects within the Downtown Redevelopment Area as Urban Renewal Projects, and WHEREAS, one of the projects designated by Ordinance No. 1065 consisted of acquiring land and constructing parking lots for off- street parking facilities, and WHEREAS, the City of Kalispell by Ordinance No. 1140 passed on the 20th day of November, 1989 expanded the Downtown Redevelopment Area to include 10 blocks in the area of Flathead High School to provide for the creation of a parking lot in the area, and WHEREAS, the Department of Planning, Economic and Community Development has caused an appraisal to be made of Lot 5, Block 187, Kalispell Original by Ryan Appraisal Service, and WHEREAS, Ryan Appraisal Service has prepared a report on said parcel, and WHEREAS, the Department of Planning, Economic and Community Development has received said appraisals and has made recommendations concerning the fair market value of said property. NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AS FOLLOWS: SECTION I. That the fair market value of Lot 5, Block 187, Kalispell Original, owned in Fee Simple by Diane Hall is Seventy Five Thousand Dollars ($75,000). SECTION II. That the creation of additional parking near Flathead High School will require the acquisition of a fee simple estate in the name of the City of Kalispell from Diane Hall. SECTION III. That the work of the Appraiser, with respect to the property has been performed in a competent manner in accordance with State law. SECTION IV. That the City Manager is authorized and directed to purchase from Diane Hall Lot 5, Block 187, Kalispell Original for the sum of Seventy -Five Thousand Dollars ($75,000). RESOLUTION NO. 4149 1 SECTION V. That the City Finance Officer is authorized and directed to pay in accordance with the instructions from Diane Hall the sum of Seventy -Five Thousand Dollars ($75,000) with funds properly appropriated under the Tax Increment Budget and from the proceeds of the funds made available from the Tax Increment Cash Flow. SECTION VI. That the City Attorney is authorized and directed to prepare any documents necessary to effect this Resolution and the City Manager is authorized and directed to accept and properly record on behalf of the City of Kalispell the deed to said property. PASSED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AND APPROVED BY THE MAYOR THIS DAY OF MAY, 1994. Douglas D. Rauthe, Mayor ATTEST: Amy H. Robertson Finance Director RESOLUTION NO. 4149 2