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Resolution 4155 - Resolution of Intent - Property Sale - Diane Hall HouseRESOLUTION NO. 4155 A RESOLUTION OF INTENTION TO SELL CERTAIN PROPERTY OWNED BY THE CITY OF KALISPELL. WHEREAS, the City of Kalispell, a municipal corporation, owns certain real property, to -wit: Lot 5, Block 187, Kalispell Townsite Addition #1, together with a house and garage located upon and appurtenant to said property, and WHEREAS, Section 7-8-4201, Montana Code Annotated, authorizes the City Council to sell, dispose or lease any property belonging to the City upon proper passage of an Ordinance or Resolution passed by two-thirds vote of all members of the City Council, and WHEREAS, the City desires to utilize said real property along with other real property in the area for the purpose of expanding parking associated with Kalispell High School, and WHEREAS, in order to develop said real property as desired, it is necessary to remove the house and garage, and WHEREAS, the property__ is not held in trust by the City of Kalispell for any specific purpose and therefore does not require an election in order to authorize its sale, and WHEREAS, the property is not necessary for the conduct of City business nor for the preservation of property owned by the City and it is in the best interest of the City and its inhabitants to sell said property, and WHEREAS, at the regularly scheduled meeting of the City Council on the 20th day of June, 1994, it was determined by vote of the City Council that the fair market value for said property was the sum of three thousand dollars ($3,000.00). NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AS FOLLOWS: SECTION I. That it is the intention of the City Council of the City of Kalispell to sell certain property, to - wit: a house and garage located on Lot 5, Block 187, Kalispell Townsite Addition #1. SECTION II. That the City Council of the City of Kalispell hereby establishes the fair market value of said real property to be the sum of three thousand dollars ($3,000.00). f 0 .1a SECTION IiI. That the successful purchaser of the property shall remove said house and garage from the subject real property within thirty (30) days of the date of sale. SECTION iV. That the City shall receive sealed bid proposals, addressed to the Clerk of Council, for the purchase of property from the City at an open administrative session scheduled on the 5th day of July, 1994. SECTION V. That the terms of sale shall be cash within three (3) days after the notice from the City to the prospective purchaser that the bid for the sale of said property is acceptable to the City. SECTION VI. That prospective purchasers of said property shall, as a condition of bidding said property, submit to the Clerk of Council with its proposal, cash, certified check, or bank money order in the amount of not less than five (5) percent of the bid amount in earnest money. The earnest money, herein required, shall assure that the prospective purchaser, whose bid is accepted, shall enter into, execute and perform according to his proposal. Should the prospective purchaser fail and refuse to purchase the property, he shall forfeit such earnest money to the City. The earnest money of the unsuccessful purchasers shall be returned. SECTION VII. Should the successful prospective purchaser fail to purchase the property, the City reserves the right to consider and sell said property to the next highest prospective purchaser. SECTION VIII. That the City shall require the successful prospective purchaser to bid at least ninety (90) percent of the established fair market value. SECTION IX. should the City fail to receive any bids for the property, or should the bids received not be at least ninety (90) percent of the fair market value, the City Council reserves the right to sell said property at private sale in an amount agreeable between the City and the purchaser which shall be in the best interest of the City of Kalispell and its inhabitants. SECTION X. The Clerk of Council and City Attorney are hereby authorized to advertise the sale of said property through legal notice. Legal notices of said sale shall be published at least three times on successive weeks in the Daily Inter Lake. • SECTIPN X1. The City Council hereby reserves the right to reject any and all proposals, and to determine whether any and all proposals submitted support the public interest. PASSED AND APPROVED BY THE CITY COUNCIL AND MAYOR OF THE CITY OF KALISPELL THIS 20th DAY OF June , 1994 ON, IMW Mm-WIffl- ;E3 * ATTEST: Amy H. obertson Finance Director