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HomeMy WebLinkAboutCity Council Resolution 2014-174CITY OF PLYMOUTH RESOLUTION No. 2014-174 RESOLUTION APPROVING THE PURCHASE OF REAL PROPERTY AND DISPENSING WITH STATUTORY REQUIREMENTS FOR REVIEW BY PLANNING COMMISSION OF ACQUISITION OF PROPERTY WHEREAS, the City is proposing to acquire property legally described in the attached Exhibit "A" ("Property') under the terms of the proposed purchase agreement between William A. Tombers and Lynn M. Tombers ("Sellers") and the City ("Purchase Agreement"), attached hereto and incorporated herein as Exhibit "B", and; WHEREAS, Minn. Stat. § 462.356, subd. 2 requires that the Planning Commission review the City's proposed acquisitions and dispositions of property, and; WHEREAS, Minn. Stat. § 462.356, subd. 2 provides for an exception from the Planning Commission review requirement upon 2/3 vote of the City Council dispensing with the requirement and finding that the acquisition or disposal of the property has no relationship to the comprehensive municipal plan, and; WHEREAS, the overall property (18.06 acre) acquisition is $3,701,800 of which $301,800 is for 1.88 acres for the Peony/Lawndale right of way acquisition, and; WHEREAS, the City has negotiated a purchase price of $3,400,000 for said 16.18 acres parkland property, and; WHEREAS, under the terms of the purchase agreement, the City agrees to lease to William Tombers and Lynn Tombers the home site portion (1.57 acres) of the City property with no monthly payment for one year from the date of closing, and; WHEREAS, the funding for the purchase of the parkland will utilize $200,000 from the Park Dedication Fund and $3,200,000 from the Capital Project Fund, with the Capital Project Fund being reimbursed $3,200,000 with the sale of open space bonds in late 2014/early2015, and; WHEREAS, the City Council has reviewed said purchase agreement. NOW, THEREFORE BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA, that the purchase agreement between the City of Plymouth and William and Lynn Tombers for the property located at 5805 Lawndale Lane North is hereby approved, and further, that the Mayor and City Manager are authorized to sign the purchase agreement is hereby approved. APPROVED this 27 day of May, 2014.