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11. Resolution 4271 - Intent to Sell Lots - South WoodlandRESOLUTION NO. 4271 A RESOLUTION OF INTENTION TO SELL CERTAIN REAL PROPERTY OWNED BY THE CITY OF KALISPELL. WHEREAS, the City Council of the City of Kalispell recognizes a need for affordable housing within the City, and WHEREAS, the creation of affording housing opportunities has been established as a goal by the City, and WHEREAS, the City of Kalispell, a municipal corporation owns certain real property, to -wit: Lots 1 through 24 of Lots 27, 28 & 29, Block 1 of Green Acres, located in the SE 1/4 of the SE 1/4 of Section 17, Township 28 North, Range 21 West, P.M.M., Flathead County, Montana, and WHEREAS, the City has obtained preliminary plat approval on said property to create 24 single family residential lots on said property, and WHEREAS, the City has applied for and received a Community Block Grant in the amount of $400,000.00 and a Montana Home Investment Partnership Program in the amount of $400,000.00 and will use a portion of each grant to fund site development and construction assistance to build 24 single family residences on said property, and WHEREAS, the City intends to utilize the lots created and improved to make property available to low income first time home buyers meeting certain eligibility requirements established by the Planning, Economic and Community Development Department of the City of Kalispell and lending institutions responsible for providing construction financing, and WHEREAS, the Montana Board of Housing has agreed to provide up to $2,400,000.00 for the purpose of providing permanent financing to qualified first time home buyers, and WHEREAS, the proposed project, because it is directed at low income first time home buyers, will require that individual lots be sold at less than the fair market value, and 1 WHEREAS, the property is not held in trust by the City of Kalispell for a 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 of Kalispell and its inhabitants to sell said property to pre -qualified low income first time home buyers as described herein. 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 the City of Kalispell to sell certain real property, to -wit: Lots 1 through 24 of a resubdivision of Lots 27, 28 & 29, Block 1 of Green Acres, located in the SE 1/4 of the SE 1/4 of Section 17, Township 28 North, Range 21 West, P.M.M., Flathead County, Montana, according to the map or plat thereof on file and of record in the office of the Flathead County Clerk and Recorder. SECTION II. SECTION III. That the City Council hereby establishes a market price of $8,000.00 per lot, only, for persons qualified under eligibility requirements established by the Planning, Economic and Community Development Department. That the Planning, Economic and Community Development Department is authorized and directed to engage in a marketing plan with the objective of pre -qualifying low income first time buyers for participation in the Montana Home Investment Partnership Program. SECTION IV. That the proceeds of the sale of the lots, authorized herein, shall be used to acquire property to be used in providing up to 20 more units of low income housing for first time home buyers within the City of Kalispell. 2 PASSED AND APPROVED BY THE CITY COUNCIL AND MAYOR OF THE CITY OF KALISPELL THIS DAY OF JUNE, 1996. ATTEST: Debbie Gifford, CMC Clerk of Council 3 Douglas D. Rauthe, Mayor