HomeMy WebLinkAboutCity Council Resolution 1988-678CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of the City Council of
the City of Plymouth, Minnesota, was held on t e r day of October 1988.
The following members were present: Mayor Schne de—r,—(ouncilmembe� rs s-liou,
Ricker, Zitur and Sisk
The following members were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION N0, 88-678
AUTHORIZING THE MAYOR AND CITY MANAGER TO TMUIRE LOT 1, BLOCK 1,
PLYMOUTH HILLS ADDITION FROM FIRST BANK AND APPROPRIATING FUNDS
WHEREAS, the City Manager in his memorandum of August 18, 1988, recommended that the
City acquire the "Theme Center" site from the First Bank System for inclusion within
the Plymouth Creek Park; and
WHEREAS, the City Council on August 22, authorized the City Manager to proceed with
negotiations to acquire the entire parcel at a price not to exceed S1,000,000, less the
balance of special assessments against the parcel; and
WHEREAS, the City has previously received an independent fee appraisal supporting the
City's offer; and
WHEREAS, the City Manager, pursuant to the City Council's direction of August 22, has
negotiated the acquisition of the parcel from the First Bank Systems.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA that the Mayor and City Manager are hereby authorized and directed to execute
the necessary documents in order to purzhase from the First Bank Lot 1, Block 1,
Plymouth Hills Addition, at a price not to exceed $1,000,000, less the balance of
special assessments against the parcel..
BE IT FURTHER RESOLVED, that funds for this acquisition are hereby appropriated from
the balance remaining in the City's Revenue Sharing Fund (approximately S140,000) and
the balance from the City's Park Dedication Fund (City and Community Parks Account);
and
BE IT FURTHER RESOLVED, that the special assessments remaining on the parcel be paid by
the City as they come due for taxes payable in 1989 through 1995.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Ricker 'and upon vote being taken thereon, the
following voted in favor thereof: Mayor Schneider, Councilmembers Vasiliou,
Ricker, Zitur and Sisk
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.