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Resolution 4669 - Lot 3 Daley Field SaleRESOLUTION NO. 4669 A RESOLUTION AUTHORIZING THE SALE OF A PORTION OF THE NORTHWEST QUARTER OF SECTION 20, TOWNSHIP 28 NORTH, RANGE 21 WEST, FLATHEAD COUNTY, MONTANA KNOWN AS LOT 3, DALEY FIELD SUBDIVISION, TO MURCON DEVELOPMENT INC., A CANADIAN CORPORATION, AND AUTHORIZING THE CITY MANAGER TO ENTER INTO A DEVELOPMENT AGREEMENT WITH MURCON DEVELOPMENT, INC. WHEREAS, the City of Kalispell, a municipal corporation, owns certain real property described in Exhibit "A", attached hereto and thereby made a part hereof, and WHEREAS, by Ordinance No. 1242 the City Council created the Kalispell City Airport/Athletic Complex Redevelopment Plan and approved, as an urban renewal project, the sale of said property to a developer and further authorized the City to enter into a Development Agreement with a developer upon terms and conditions consistent with said Ordinance, and WHEREAS, in April, 1999, the City Council authorized the City Manager to offer said property for sale and redevelopment in accordance with the Plan, and WHEREAS, Murcon Development, Inc. 'submitted a proposal for the purchase of said property and redevelopment of said property for purposes consistent with Ordinance No. 1242, and WHEREAS, the City and Murcon Development, Inc. desire to enter into negotiations on a Development Agreement which adequately addresses the obligation of Murcon Development, Inc. to redevelop the property, and WHEREAS, the City Council desires to sell said property to Murcon Development, Inc. for redevelopment as specified in the Development Agreement, and WHEREAS, said property is not held in trust for a specific purpose and an election is not necessary to affect its sale, and WHEREAS, the Development Agreement shall comply in all respects with Ordinance No. 1242 and said sale will be in the best interest of the City of Kalispell and its inhabitants, and I NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL, AS FOLLOWS: SECTION I. That the City Manager is hereby authorized to enter into negotiations with Murcon Development, Inc. and reduce to writing a Development Agreement consistent with the Airport/Athletic Complex Redevelopment Plan, the Daley Field Offering Document, and the Redevelopment Proposal of Murcon Development, Inc. SECTION II. That upon review and approval of the Development Agreement by the City Council, the Mayor and City Clerk are hereby authorized to execute all legal documents necessary to transfer, by Grant Deed, all the City's right, title and interest in the property described as a tract of land in the Northwest Quarter, Section 20, Township 28 North, Range 21 West, Flathead County, Montana known as Lot 3, Daley Field Subdivision, to Murcon Development, Inc., said sale being contingent on receipt of the sum of not less than $850,000.00 less any amounts previously received. PASSED AND APPROVED BY THE CITY COUNCIL AND MAYOR OF THE CITY OF KALISPELL, THIS 19TH DAY OF NOVEMBER,.2001. ATTTEST: Theresa White City Clerk 1 Wm. E. Boharski Mayor EXHIBIT "A" The following described Land in the City of Kalispell, Montana, more particularly described as follows: Lot 3, Daley Field Subdivision, Northwest Quarter, Section 20, Township 28 North, Range 21 West, P.M.M., Flathead County, Montana according to the plat on file in the Clerk and Recorder' s Office, Flathead County, Montana. 1 1