Title
RESOLUTION OF INTENT TO SELL OR CONVEY CERTAIN REAL PROPERTY IN DOWNTOWN DULUTH.
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 on the attached Exhibit A.
Statement of Purpose
STATEMENT OF PURPOSE: The purpose of this resolution is to authorize the sale or conveyance of certain real property generally located below the First Street level of the parking ramp behind the Sheraton Hotel. Although the city does not have an interest in the real property, a deed must be recorded in the real estate records to evidence that the city does not claim any interest in the property.
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. 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 $144,900. However, the city’s interest in the property is valued at $0.00 because it will give a deed to solely clean up a title issue. The city does not believe it has an interest in the property legally described on the attached Exhibit A.