HomeMy WebLinkAbout93-116 - ADMIN Resolution - City Council - 1993/08/02r
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RESOLUTION NO. 93-116
RESOLUTION AUTHORIZING ACQUISITION OF
LAND PURCHASE OPTION RIGHTS WITH INTENT TO
ACQUIRE LOT 3, BLOCK 2 BELTLINE BUSINESS PARK
WHEREAS, on May 17, 1993 the City Council of St. Louis Park authorized
the City Manager to issue payment in the amount of $13,500 from the Water
Utility Fund to Evergreen Land Services, as a representative of the City, for
the purpose of land purchase option rights at Lot 3, Block 2 Beltline Business
Park; and
WHEREAS, Evergreen Land Services, as a representative of the City has
negotiated a land acquisition/land purchase option agreement with the owner of
said Lot 3, Block 2 Beltline Business Park for $270,000 and $13,500
respectively.
NOW, THEREFORE, BE IT RESOLVED by the City Council of St. Louis Park
that Evergreen Land Services is hereby authorized and directed to enter into a
land purchase option agreement with the owner of Lot 3, Block 2 Beltline
Business Park in the amount of $13,500, payment of which has been made by the
City to Evergreen Land Services for such purposes, in return for receipt of a
60 land purchase option right based on a land sale price of $270,000.
Adopted by the City Council A gust 2, 1993
Attest:
CityfilL74j
C e
Clerk
Review for administration:
May/
6) /,/,,,,
Approved as to form and execution:
City Attorney