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Resolution 2933 - Purchase Real PropertyM RESOLUTION NO. A RESOLUTION APPROVING THE PURCHASE BY THE CITY OF KALISPELL OF CERTAIN REAL PROPERTY AND AUTHORIZING THE MAYOR TO EXECUTE DOCUMENTS THEREFORE. WHEREAS, the Kalispell Parking Commission has advised the Council that it would be to the advantage of the City to purchase for off-street parking purposes, certain real property owned by The Epworth Methodist Church of Kalispell, a Montana corporation;, and I WHEREAS, the Council is advised that the price for said property is fair and that the terms of its purchase are favorable., NOW THEREFORE, BE IT RESOLVED BY THE CITY OF KALISPELL: 1. The council does approve and consent to the purchase of the following described real property in the City of Kalispell: Lots 1 and 2 of Block 63 of Kalispell, Montana, according to a map or plat thereof, records of the County Clerk and Recorder of Flathead County, Montana. 2. The purchase price and terms of said purchase are as follows: Price - $25,000.00 Down Payment - $5,000.00 (from parking commission funds) Balance - $4,000.00 plus accrued interest on or before January 1, 1975, and $4,000.00 plus accrued interest on or before January 1 of each succeeding year thereafter until paid in ful- Title Insurance - The Seller, The Epworth Methodist Church of Kalispell, is to furnish to the City acceptable title insurance. Taxes - Seller to pay all taxes assessed and levied prior to November 1, 1973. Purchaser to pay all taxes subsequent to November 1, 1973. Interest Rate - 7-1/2% per annum. 3. The Mayor is hereby authorized and directed to purchase said property on behalf of the City and to execute any documents that may be necessary to do so and to obligate the City for the balance due on the purchase price therefor in accord with the abox terms. PASSED A PPROVED BY THE CITY COUNCIL or THE CITY OF KALISPELL, M S5L ONT A S 17 day of Racernbor ► 1973. 5 D 7APPROVED By THE - I L A Tk S 17 day of Laurence G. B JORN7mAYdR a.tte sieke . 1, the undersigned, City Clark of they of Kalispell 01, foregoing is a true and correct copy of !tho reso�iution Council of the City of Kalispell, Montana, A_ Deember 17, 1973 certify that the ed by the City on of the/City of Kalispell, monta