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5. Resolution 4314 - Authorize Land PurchaseAgenda -February 3, 1997 AGENDA ITEM 5 - RESOLUTION 4314-AUTHORIZE LAND PURCHASE RESOLUTION NO. 4314 A RESOLUTION RELATING TO THE ACQUISITION OF LOTS 15, 16 AND 24, BLOCK 36, KALISPELL ORIGINAL TOWNSITE FROM WESTFIELD PROPERTIES, INC., A UTAH CORPORATION OR AS ASSIGNED, ESTABLISHING A FAIR MARKET VALUE, IDENTIFYING THE INTEREST TO BE ACQUIRED, AND CERTIFYING THAT THE WORK OF THE APPRAISER HAS BEEN DONE IN A COMPETENT MANNER. WHEREAS, the City of Kalispell did, by Ordinance No. 1065 passed on the 14th day of November, 1985, designate certain projects within the Downtown Redevelopment Area as Urban Renewal Projects, and WHEREAS, two of the projects designated by Ordinance No. 1065 consisted of the acquisition of land for redevelopment and construction of off-street parking facilities, and WHEREAS, Westfield Properties, a Utah Corporation, has offered to sell Lots 15, 16 and 24, Block 36, Kalispell Original Townsite, said Lots being located adjacent to real property owned by the City, known as the KDC Site, which has previously been offered for sale by the City, and WHEREAS, the acquisition of said Lots by the City would be advantageous for the City by making said KDC Site more attractive for sale, and WHEREAS, the Department of Planning, Economic and Community Development has caused an appraisal to be made of Lots 15, 16 and 24 , Block 36, Kalispell Original Townsite by Ryan Appraisal Service, and WHEREAS, Ryan Appraisal Service has prepared a report on said parcels, 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. is\wp\crophail.wpd NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL, AS FOLLOWS: SEOTI-ON-1 . That the fair market value of Lots 15, 16 and 24, Block 36, Kalispell Original, owned in Fee Simple by Westfield Properties, Inc., a Utah Corporation or as assigned, is $330,000.00. S.EGT.T.O1_I.I. That the acquisition of said property for redevelopment will require the acquisition of a fee simple estate in the name of the City of Kalispell from the owners. $EN III. That the work of the Appraiser, with respect to the property, has been performed in a competent manner in accordance with State law. Lam' =N—I_Y. That the City Manager is authorized and directed to purchase from Westfield Properties, Inc., a Utah Corporation or as assigned, Lots 15, 16 and 24, Block 36, Kalispell Original for the sum of Three Hundred and Thirty Thousand Dollars ($330,000.00). SECTION V. That the City Finance Director is authorized and directed to pay in accordance with the instructions from the owners the following amounts: Westfield Properties, Inc., a Utah Corporation or as assigned, Lots 15, 16 and 24 Block 36, Kalispell Original, the sum of Three Hundred and Thirty Thousand Dollars ($330,000.00). SECTION VI. That the City Manager and Finance Officer are further authorized and directed to pay to National Flood Insurance the actual costs of relocation associated with physically moving the business, located on said property, and re -installation of equipment and telephone, said costs shall be payable upon submission of invoices and shall not exceed the sum of is\wp\crophail.wpd Thirty One Thousand Five Hundred Dollars ($31,500.00). SECTION V-1I. 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. SECTION VIII. This Resolution shall become effective immediately upon its passage by the City Council. PASSED AND APPROVED BY THE CITY COUNCIL AND THE MAYOR OF THE CITY OF KALISPELL, MONTANA, THIS DAY OF , 1997. Douglas D. Rauthe - Mayor Attest: Debbie Gifford, CMC Clerk of Council is\wP\crophail.wpd