10. Resolution 4215 - Authorize Purchase of PropertyRESOLUTION NO. 4215
A RESOLUTION AUTHORIZING THE PURCHASE OF LOT 6, PORTA VILLA
SUBDIVISION, FROM AECS LTD. AND AUTHORIZING THE CITY MANAGER TO
ACCEPT SAID PROPERTY ON BEHALF OF THE CITY OF KALISPELL.
WHEREAS, the City of Kalispell has the authority, pursuant
to Section 7-1-4124, MCA to buy any interest in
real or personal property, and
WHEREAS, the City is in receipt of a Home Investment
Partnerships Program (HOME) Grant for the creation
of a first time home buyer program through the
Department of Commerce, State of Montana, and
WHEREAS, the City intends to utilize proceeds of the HOME
Grant to finance the purchase of vacant property
for the development of housing opportunities for
very low to moderate income individuals, and
WHEREAS, on May 14 and 21, 1995, the City advertised in the
Daily Inter Lake a request for proposals for land
upon which to construct, pursuant to the HOME
Grant, 22 to 24 first home buyer duplexes, and
WHEREAS, AECS Ltd., 2440 Sanborn Drive, Sedona, Arizona,
owns Lot 6, Porta Villa Subdivision #3, Kalispell,
Flathead County, Montana, and has offered to sell
._ said real property to the City for the sum of
$142,875.00, and
WHEREAS, the City Council, after reviewing the offer made by
AECS Ltd., deems it appropriate, pursuant to
Section 7-1-4124, MCA, and in the best interest of
the City of Kalispell, that the City accept the
offer made by AECS Ltd. and purchase said real
property for the purpose of developing housing
opportunities for very low to moderate income
individuals.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL, AS FOLLOWS:
SECTION I. That the City Manager is authorized and
directed to purchase from AECS Ltd., Lot 6,
Porta Villa #3, Kalispell, Flathead County,
Montana; for the sum of One Hundred Forty-two
Thousand Eight Hundred and Seventy-five
Dollars ($142,875.00).
1
SECTION II. That the City Finance Director is authorized
and directed to pay in accordance with the
instructions from AECS Ltd., the sum of One
Hundred Forty-two Thousand Eight Hundred and
Seventy-five Dollars ($142,875.00) with funds
properly appropriated from the HOME Grant
received by the City of Kalispell.
SECTION III. 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 the deed to said
property.
SECTION IV. This Resolution shall take effect 30 days from
and after its final passage by the City
Council.
PASSED BY THE CITY COUNCIL AND APPROVED BY THE MAYOR OF THE CITY OF
KALISPELL THIS 19th DAY OF JUNE, 1995.
Douglas D. Rauthe - Mayor
Attest:
Debbie Gifford, CMC
Clerk of Council
(�l
0 0i �jllvl
Incorporated 1892
?tanning, Economic &
Community Development Department
P.O. Box 1997
Kalispell, MT 59903-1997
MEMORANDUM
DATE: June 15, 1995
TO: Glen Neier, City Attorney
FROM: Susan Moyer, Housing Manager
Planning, Economic and Community Development
SUBJECT: Acquisition of Land for City Council on June 19, 1995
248 Third Avenue East
(406) 758-7740
(406) 758-7739 (office fax)
(406) 758-7758 (City Hall fax)
We need a resolution for Monday night authorizing the City to purchase the following
property for our home ownership program.
Purchase Price: $142,875
Terms: Cash on closing - closing to be scheduled after July 1, 1995 and
before July 31,1995
Owner of Property AECS Ltd.
2440 Sanborn Drive
Sedona, Arizona 86336
Legal Description: A portion of Lot 6 of Porta Villa Subdivision #3 also known
as the preliminary platted subdivision of Esperanza
1 /4 NE 1 /4 Section 12 Township 28N Range 22W
Total Acreage in
Subdivision•
Assessor No.:
4.19 acres
75-0049055
OPPORTUNITY