Title
RESOLUTION OF INTENT TO SELL OR CONVEY CERTAIN REAL PROPERTY IN THE DOWNTOWN NEIGHBORHOOD.
Body
CITY PROPOSAL:
WHEREAS, Section 2-176(a) of the Duluth City Code, 1959, as amended, requires that prior to any city-owned property being offered for sale or conveyance, the city council shall, by resolution, state its intention to sell or convey such property.
NOW, THEREFORE, BE IT RESOLVED, that the Duluth city council hereby states its intention to offer for sale or conveyance property in the city of Duluth legally described below:
Lots 78 and 80, Block 1, DULUTH PROPER THIRD DIVISION
Lot 78, Block 8, CENTRAL DIVISON OF DULUTH
Except the cantilevered sidewalk and storage building previously conveyed by Grantor in that certain instrument dated September 6, 1996, registered in the Office of the St. Louis County, Minnesota Registrar of Titles on October 3, 1996 as Document No. 619913.
St. Louis County, Minnesota
Statement of Purpose
STATEMENT OF PURPOSE: The purpose of this resolution is to state the City’s intent to convey real property located in the Downtown neighborhood located at the intersection of Fifth Ave. W. and Superior St. The real property proposed to be sold or conveyed is outlined in blue on attached Exhibit A (the “Property”). If the Property is sold, the City will retain and dedicate an easement for street and utility purposes to the general public over the portions of the Property needed for current and future needs related to Fifth Ave. W. and an existing DTA bus shelter. The areas to be dedicated for street and utility purposes are depicted on the attached Exhibit A.
The city’s planning department reviewed the proposed sale or conveyance for conformity to the city’s comprehensive plan and determined that a sale or conveyance of the property conforms with said comprehensive plan and the property is surplus to the city’s future needs. The letter of conformity is attached as Exhibit B.
According to the St. Louis County assessor, the real property intended to be sold or conveyed has a current estimated market value of $270,000. However, the City intends to place restrictions on the Property to: (i) prevent structures or buildings from being constructed and (ii) prohibit parking. Therefore, the actual market value, established via independent appraisal, is substantially less.
If this resolution is approved, the City will bring forward, at a minimum, the following two additional Council actions to complete the sale:
1. An ordinance authorizing the sale; and
2. A resolution authorizing a purchase agreement.