Resolution 4317 - Purchase of Lot 39 - South Meadows1550
RESOLUTION NO.-43IZ
A RESOLUTION RELATING TO THE ACQUISITION OF LOT 39, SOUTH MEADOWS
SUBDIVISION, KALISPELL, FLATHEAD COUNTY, MONTANA, SETTING A FAIR
MARKET VALUE, IDENTIFYING THE INTEREST TO BE ACQUIRED, AND
DECLARING AN EFFECTIVE DATE.
WHEREAS, South Meadows Subdivision is a subdivision within the
City of Kalispell, duly authorized and approved by the
City Council on May 1, 1978, and
WHEREAS, Lot 39 of said Subdivision is.a lot at the Westerly
terminus of Bluestone Street, which if developed for
public right-of-way would provide public utility and
roadway access to adjacent property West of the South
Meadows Subdivision, and
WHEREAS, ARICO, Inc., a Montana corporation has purchased several
lots in South Meadows, including Lot 39, for the purpose
of building residences, and
WHEREAS, ARICO, Inc. has offered to sell to the City, Lot 39,
South Meadows for the purpose of providing roadway and
utility access to the West for the sum of eight thousand
dollars ($8o00.00), said sum being the amount paid by
ARICO, Inc. for the property, and
WHEREAS, the City desires to purchase and acquire in fee said
property for the future extension of roadway and
utilities,
WHEREAS, the City considers $8000.00 to be the fair market value
Of said property.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL, AS FOLLOWS:
SECTION I. That the fair market value of Lot 39, South
Meadows Subdivision, Kalispell, Flathead
County, Montana, owned by ARICO, Inc., a
Montana Corporation, is the sum of Eight
Thousand Dollars.
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SECTION II. That the acquisition of said property for
future roadway and utility extensions will_
require the acquisition of a fee simple estate
in the name of the City of Kalispell from the
owners.
SB_CTION III. That the City Manager is authorized and
directed to purchase from ARICO Inc., a
Montana Corporation, Lot 39, South Meadows
Subdivision for the sum of Eight Thousand
Dollars ($5000.00)
SECTION IV. That the City Finance Director is authorized
and directed to pay in accordance with the
instructions from the owners the following
amounts:
ARICO Inc., a Montana Corporation, Lot 39,
South Meadows Subdivision, the sum of Eight
Thousand Dollars ($8,000.00)
SECTION VII. 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 VIII. This Resolution shall become effective
immediately upon its passage by the City
Council.
PASSED AND APPROVED BY THE CITY COUNCIL AND THE KAYOR OF THE CITY
OF KALISPELL, MONTANA, THIS I rt"" DAY OF Feb roc►• 1997.
Attest:
W�-h' Idvd
Debbie Gi4JW CMC
Clerk of Council
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�. -D. Rauthe - Mayor