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HomeMy WebLinkAboutCity Council Resolution 2015-236CITY OF PLYMOUTH RESOLUTION No. 2015-236 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 Brady K. O'Brien and Patricia E. O'Brien ("Sellers") and the City ("Purchase Agreement"), attached hereto and incorporated herein as Exhibit B, and; WHEREAS, the City proposed to purchase approximately 5,500 square feet of the Property for a road improvement project and the Sellers requested that the City purchase the entire parcel given the proximity of the road improvements to the Sellers' residence; 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 City has negotiated a purchase price of $750,000 for said 4.5 acres property, and; WHEREAS, under the terms of the purchase agreement, the City agrees to lease to Brady O'Brien and Patricia O'Brien the City property with no monthly payment until February 15, 2016, and; WHEREAS, the funding for the purchase of the property will be in the total project cost which will be funded by Street Reconstruction Bonds ($8.875 M), State Aid Bonds ($8.525 M) and the Street Reconstruction Fund ($2.0 M), 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 Brady and Patricia O'Brien for the property located at 5335 Vicksburg Lane North is hereby approved, and further, that the Mayor and City Manager are authorized to sign the purchase agreement is hereby approved. APPROVED by the City Council on this 28th day of July, 2015.