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Resolution 4127 - Authorize Purchase of Tidyman's Property728 RESOLUTION NO. 4127 A RESOLUTION AUTHORIZING THE PURCHASE OF LOTS 1 AND 2, KALISPELL MARKET PLACE, PHASE I, A RESUBDIVISION OF LOT 6-A, AMENDED PLAT OF LOTS 4, 5, AND 6, BLOCK 24, KALISPELL ORIGINAL, FROM TIDYMAN'S, INC., A WASHINGTON CORPORATION, AND AUTHORIZING THE CITY MANAGER TO ACCEPT SAID PROPERTY ON BEHALF OF THE CITY OF KALISPELL. WHEREAS, the City of Kalispell has the authority, pursuant to Section 7-15-4258, Montana Code Annotated to purchase real property and to hold said real property, and WHEREAS, Section 7-15--4209, Montana Code Annotated authorizes a municipality to formulate a workable program to eliminate and prevent the development or spread of blighted areas, and WHEREAS, the 1994 Fiscal Year Budget for the City of Kalispell appropriated $350,000.00 for the purchase of Lots 1 and 2, Kalispell Market Place, Phase I for development of a park and additional parking in the Downtown Redevelopment Area, and WHEREAS, Tidyman's Inc., a corporation, owns Lots 1 and 2, Kalispell Market Place, Phase I, and has offered to sell said real property to the City for the sum of $350,000.00, and WHEREAS, the City Council after reviewing the offer made it by to Tidyman's, Inc. deem appropriate, pursuant Sections 7-15-4258 and 7-15-4209, MCA, and in the best interest of the City of Kalispell, that the City accept the offer made by Tidyman's, Inc., and purchase said real property for the purpose of developing said property as a park and additional parking. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL, AS FOLLOWS: SECTION I. That the City Manager is authorized and directed to purchase from Tidyman's, Inc. Lots 1 and 2, Kalispell Market Place, Phase I, A Resubdivision of Lots 6-A, Amended plat of Lots 4, 5, and 6, Block 24, Kalispell Original, located in the East 1/2, Southeast 1/4, Section 7, Township 28 North, Range 21 West, Principal Meridian, Montana, Flathead County, Montana; for the sum of Three Hundred and Fifty Thousand Dollars ($350,000.00). E 729 SECTION II. The City Finance Director is authorized and directed to pay in accordance with the instructions from Tidyman's, Inc., the sum of Three Hundred and Fifty Thousand Dollars ($350,000.00) with funds properly appropriated from the cash flow of the Tax Increment Financing District of the City of Kalispell. SECTION III. 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 IV. This Resolution shall take effect 30 days from and after its final passage by the City Council and approval by the Mayor. PASSED BY THE CITY COUNCIL OF THE CITY OF KALISPELL, AND APPROVED BY THE MAYOR, THIS 16th DAY OF AUGUST, 1993. Attest: Financ,6 Director r.D. Rauthe Mayor E