HomeMy WebLinkAbout4455 - ADMIN Resolution - City Council - 1972/02/28ORIGINAL
February 28, 1972
9D
RESOLUTION'NO. 4455
RESOLUTION DESIGNATING PLACEMENT OF
PROCEEDS FROM SALE OF REAL PROPERTY
IN THE MUNICIPAL BUILDING FUND
WHEREAS, Section 11.05 of the City Charter permits the
City Council to designate the use for funds obtained through
the sale of real property which has no outstanding indebtedness,
and
WHEREAS, the City has received a sealed bid in the amount
of Seventy -One Thousand Three Hundred Ninety -Four and No/100
Dollars ($71,394.00) for the sale of all of lots 15 to 30
inclusive including 16 foot vacated alley north of Lots 18 to
24 inclusive, Block 26,together with the west 30 feet of Webster
vacated east of Lot 18, Block 26, also Lot 13, Block 75 including
the 16 foot alley vacated north of Lot 13, all in Rearrangement
of St. Louis Park and
WHEREAS, the subject land was originally purchased with
monies from the General Fund, and has no existing indebtedness
outstanding for the purchase, construction or improvement thereon,
therefore
BE IT RESOLVED, by the City Council of the City of St. Louis
Park that the proceeds from the above described sale of real
property be placed in the Municipal Building Fund of the City.
Adopted by the City Council February 28, 1972.
Reviewed for administration: App rved as to form and legality:
L= J -moi
City Manager
City ttorney