HomeMy WebLinkAbout4900 - ADMIN Resolution - City Council - 1973/09/04ORIGINAL
SEPTEMBER 4, 1973
7F
RESOLUTION NO.47 o ---b
RESOLUTION ACCEPTING DEED FROM ERICKSON
PETROLEUM CORPORATION
WHEREAS, the City of St. Louis Park has long desired to
acquire the property of Erickson Petroleum Corporation legally
described on Exhibit AtD this Resolution, which property has
a reasonable market value of approximately $48,000.000;
WHEREAS, said Erickson Petroleum Corporation has presented
a deed to the City of St. Louis Park dated September 4, 1973
and offered to convey said property to the City of St. Louis Park
for the sum of $12,500.00, and donate the balance of the value
to the city as a gift; therefore
BE IT RESOLVED by the City Council of the City of
St. Louis Park:
1. That the deed of the property described in Exhibit
A to this Resolution be accepted.
2. That the City Clerk be and hereby is directed to
file the deed of said property for record in the office of the
Hennepin County Register of Deeds.
3. That the City hereby expresses its appreciation to
Erickson Petroleum Corporation for agreeing to accept the payment
for this property of approximately one fourth of the reasonable
market value, and conveying the property to the city.
Attest:
ADLAA,City Clerk`
Adopted by the City Council Se
Reviewed for administration:
Gr_„
City Manager
App ed as to form a d legality:
City ttorney