Title
AN ORDINANCE AUTHORIZING THE CONVEYANCE OF CERTAIN REAL PROPERTY IN THE GARY-NEW DULUTH NEIGHBORHOOD TO JOTO, LLC FOR $4,620.
Body
CITY PROPOSAL:
The city of Duluth does ordain:
Section 1.
(a) Pursuant to Section 2-176(a) of the Duluth City Code, 1959, as amended (the "Code"), the city council stated its intention to sell or convey certain property, as set forth in Resolution 25-0099, legally described as follows (the "Property"):
A strip of land 25 ft on either side of the center line of Duluth Trans RY as formerly laid out across SE1/4 of SE1/4 of NE1/4 of SW1/4, Sec 34, Twp49N, Rge 15W, EXCEPT MINERALS
St. Louis County, Minnesota
(b) Pursuant to Section 2-176(b) of the Code, the city's planning department reviewed the proposed conveyance of the Property for conformity to the City's comprehensive plan and reported that the conveyance of the Property conforms with said comprehensive plan and is surplus to the city's future needs.
(d) Pursuant to Section 2-176(c) of the Code, the St. Louis County Assessor determined that the estimated market value of the Property is $4,000.
Section 2.
(a) Pursuant to Section 2-178 of the Code, the city may convey property to an adjacent owner at a price at least equal to its market value as determined by the assessor if, due to existing laws or regulations, no building can be legally constructed on it.
(b) JOTO, LLC, a Minnesota limited liability company ("Joto"), owns real estate adjacent to the Property and a portion of its building lies within the Property. Joto desires to acquire the Property so that it fully owns all of the property within its site.
(c) The Property is currently owned by the State of Minnesota ("State") and cannot sell directly to Joto. However, the City is able to purchase the Property directly from the State for economic development purposes and convey it to Joto.
(d) The city council finds that a conveyance of the Property to Joto supports the existing economic base and...
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