Title
AN ORDINANCE AUTHORIZING THE SALE OF CERTAIN PROPERTY ON RICES POINT TO THE DULUTH SEAWAY PORT AUTHORITY FOR $102,747.75.
Body
CITY PROPOSAL:
The city of Duluth does ordain:
Section 1. That pursuant to Section 2-176 of the Duluth City Code, 1959, as amended (the Code), the city council finds that:
(a) The manager of the city's physical planning division has reviewed the proposed conveyance of the property herein described (the "property") to the Duluth Seaway Port Authority (the "authority") and found conveyance thereof to be in conformity with the city's comprehensive land use plan;
(b) The St. Louis County Assessor, acting as city assessor, has provided an estimate of the market value of the property in an amount of $102,747.75;
(c) The Property as legally described in in the quit claim deed attached hereto as exhibit A (the "deed") is hereby determined to be surplus to the city's future needs and is therefore appropriate for sale;
Section 2. That as provided for in section 2-177.3 of the code, the council finds that the needs of the authority are greater in importance than the need of the city to retain said property and that the best interests of the citizens of the city will be best served by accomplishing such conveyance.
Section 3. That the proper city officials are hereby authorized to sell and convey the property in St. Louis County, Minnesota, legally described in the deed, to the Duluth Seaway Port Authority, a port authority under Minnesota Statutes Chapter 469, for the amount of $102,747.75 to be deposited into Fund 110, Department 700, Organization 1420, Object 4640 (General fund, transfers & other functions, capital program, sale of land), and further to execute all documents necessary with regard to said conveyance.
Section 4. That ordinance no. 10290 is hereby repealed.
Section 5. That this ordinance shall take effect 30 days after it's
passage and publication.
Statement of Purpose
STATEMENT OF PURPOSE: The purpose of this ...
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