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Resolution 5101/Approve Proposal-R-ESOLUTION NO. 5I.01 A. RESOLUTION TO APPROVE THE PROPOSAL OF GATEWAY HOSPITALITY OUP [ HMI FOR THE PURCHASE AND DEVELOPMENT OF THE CITY OWNED ARMORY SITE AND TO DIRECT T THE CITE" MANAGE. TO NEGOTIATE THE TERMS OF A DEVELOPER'S AGREEMENT AND PURCHASE AND SALE AGREEMENT WITH GHQ. WHEREAS, certain property in the City of Kalispell located at 1840 US Highway 93 South, commonly known as the Armory property recently reverted ownership from the Montana National Guard to the City of Kali -spell; and WHEREAS, pursuant to MCA 7-8-4 01, the City of Kalispell is authorized to dispose of city owned property; and WHEREAS} the City of Kalispell solicited proposals for the purchase and development of the city awned Armory property and received a proposal from the Gateway Hospitality Group [GHGI that met the required appraised price and other criteria set forth in the request for proposals; and WHEREAS, the terms of a purchase and sales agreement and a developer" s agreement must he negotiated and agreed upon between the City of Kalispell and GBG before the sale may he consummated. NOW, THEREFORE, E, E IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF I ALI PELL AS FOLLOWS. - SECTION I. The City Manager is directed to negotiate a purchase and sale agreement and a developer" s agreement with the Gateway Hospitality group that is consistent with the proposal provided and that is in the hest interests of the City of Kalispell and to bring such purchase and sales agreement and developer's agreement to the City Council for its review and approval PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR P THE CITY of KALI SPELL, THIS 27Tn DAY OF MARCH, 2006. i s Pamela B. Ken y Mayor ATTEST: r� Theresa White City Clerk