HomeMy WebLinkAboutCity Council Resolution 1992-688CITY OF PLYMOUTH
RESOLUTION NO. 92-688
APPROVING A VACANT LAND PURCHASE AGREEMENT
FOR 15700 36TH AVENUE NORTH AND A REAL ESTATE PURCHASE
AGREEMENT CONTRACT NO. A-11672
WHEREAS, the City Council desires that a community library of approximately 12,000
square feet be constructed within Plymouth; and
WHEREAS, the City has entered into a Purchase Agreement for a four acre library site
located at 15700 36th Avenue North, legally described as Lot 3, Block 2, Plymouth Hills; and
WHEREAS, said Purchase Agreement contains the contingency requiring City Council
approval to consummate the agreement: and
WHEREAS, in exchange for supplying this four acre site, valued at $485,000, the City
Council has requested that the County Library Board and Hennepin County Board of
Commissioners execute a Real Estate Purchase Agreement Contract No. A-11672; and
WHEREAS, on October 26, 1992 the Hennepin County Library Board, by unanimous vote,
approved the Real Estate Purchase Agreement; and
WHEREAS, on October 27, 1992, the Hennepin County Board of Commissioners, by
unanimous vote, approved Real Estate Purchase Agreement Contract No. A-11672.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE
CITY OF PLYMOUTH, MINNESOTA, that it should, and hereby does, approve the Real
Estate Purchase Agreement Contract No. A-11672 proposed by the Hennepin County Library
Board staff on October 26, 1992; and
FURTHER, that the City Council hereby approves a Vacant Land Purchase Agreement signed
by the City on October 13, 1992, in the amount of $485,000 for a four acre parcel legally
described as Lot 3, Block 2, Plymouth Hills and addressed as 15700 36th Avenue North, for
the purpose of providing property for the Plymouth Hennepin County Community Library;
and
FURTHER, that the Mayor and Acting City Manager are hereby authorized to executed both
agreements on behalf of the City; and
FURTHER, that costs associated with this land purchase shall be drawn from Account
No. 404404-901.00.
Adopted by the City Council on October 26, 1992