05. Equity Supply Request to Abandon 2nd Ave WNAgenda -July 21, 1997
AGENDA ITEM 5 - EQUITY SUPPLY REQUEST TO CLOSE 2ND AVENUE WEST
NORTH
BACKGROUNDICONSIDERATION: I have enclosed a letter of request for
the closing of 2nd Avenue W. N. to assist in the three -party
redevelopment agreement. As pointed out in the previous agenda
item, Barbieri's will purchase the land from Equity as a package
(including street right-of-way). We are deducting $89,100 for the
value of the street from the original amount we offered Equity.
RECOMMENDATION: I recommend approval of the closing of the street
(if the development agreement is acceptable).
ACTION REQUIRED: A MOTION to authorize the notice of vacation to be
published. The actual vacation procedure will be complete at the
August 4th meeting.
fQUITY SUPPLY COMPANY
� .�r�nier.r' �n-o�6errrliiie �luue 91J
P.O BOX 579 • KALISPELL. MONTANA 59903-0579 • PHONE 406-755-7400 • FAX 406-257.3542
July 9, 1997
Clarence Krepps
City Manager -City of Kalispell
P.O. Box 1997
Kalispell, Montana 59903
RE: Street Abandonment Request
Dear Clarence,
JUL 10 1997
Equity Supply Company, a Montana corporation with principal address being
150 1st Ave. W.N., Kalispell, Montana hereby requests that the City of Kalispell
begin formal legal action required to close, abandon and vacate the street and
right of way plated as 2nd Ave. W.N. between the BN railroad tracks on the
South and Montana Street on the North. Any public utility easements may be
reserved by the City of Kalispell.
Equity Supply Company is the sole owner of all property on both the East and
West sides of the street legally described as all of Block 27 and the East half of
Block 28, City of Kalispell. The reason for this abandonment request is to
accomodate redevelopment of the area.
An official corporate resolution will be prepared and placed on the agenda for
our next Board of Directors meeting scheduled for July 24, 1997.
Sincerely yours,
&'Z�15 Pl��
Brent Johnson
President
cc: Larry Gallagher