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HomeMy WebLinkAbout90-8 - ADMIN Resolution - City Council - 1990/01/16r RESOLUTION NO. 90-8 RESOLUTION AUTHORIZING THE PURCHASE OF PROPERTY AND AMENDING THE PURCHASE AGREEMENT FOR PROPERTY LOCATED AT 6333 W. 37TH STREET. WHEREAS, on August 15, 1988 the City Council of St. Louis Park authorized and directed the Acting City Manager to negotiate with the Estate of Andrew L. Turner and Edna Turner for the purchase of the fee title to certain the land for public uses; and WHEREAS, Wayne Bye, the Personal Representative of the Estate, executed a Purchase Agreement dated September 6, 1988 for the sale of said land to the City by General Warranty Deed for the sum of $16,700; and WHEREAS, the City of St. Louis Park has completed the purchase of 'a portion of the above -referenced land and wishes to amend said Purchase Agreement to (i) provide for the purchase of fee title to the remaining portion of the land, which is hereinafter described, for the remaining amount of the original purchase price, (ii) to require seller to escrow $3,000 of the seller's proceeds to ensure the completion of the action to clear title, (iii) to obligate the City to exercise its power of eminent domain with repect to said land if necessary; and WHEREAS, the City of St. Louis Park wishes to exercise its power of eminent domain to create marketable title to the property, to the extent permitted by law if such action becomes necessary; and NOW THEREFORE BE IT RESOLVED by the City Council of St. Louis Park that the City of St. Louis Park purchase the following described property located in Hennepin County, Minnesota, to wit: The East 43 feet of that portion of Lots 27-31, inclusive, Block 50, "Rearrangement of St. Louis Park," lying West of a line drawn parallel with and 91 feet East from the West line of said Block 50 and its northerly extension (commonly known as 6333 W. 37th Street) and the Mayor and City Manager are hereby authorized to execute any and all instruments necessary to complete the purchase of said property and the City Manager is hereby authorized and directed to accept delivery of the deed and to pay the purchase price from the Special Assessment Construction Fund. This purchase is subject to the City Attorney's approval of the executed deed and title evidence. At st: <7 iyCer 110 Reviewed for administration: City Manager tCi y Council January 16, 1990 m and execution: City A rney