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RESOLUTION AUTHORIZING THE PURCHASE OF REAL PROPERTY ADJACENT TO SKYLINE PARKWAY FROM THE RICHARD A. PETERSON REVOCABLE TRUST UNDER AGREEMENT DATED DECEMBER 30, 2008 IN THE AMOUNT OF $400,000, PLUS RELATED COSTS IN AN AMOUNT UP TO $20,000, FOR A TOTAL AMOUNT NOT TO EXCEED $420,000.
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CITY PROPOSAL:
RESOLVED, that the proper city officials are hereby authorized to enter into a purchase agreement, substantially the same as that on file with the office of the City Clerk, with the trustees of the Richard A. Peterson Trust under Agreement dated December 30, 2008, authorizing the purchase of a real property, consisting of approximately 43 acres, and legally described as (the "Property"):
All that part of the North Half of the Northeast Quarter (N 1/2 of NE 1/4), Section Six (6), Township Forty-nine (49), Range Fourteen (14) West of the Fourth Principal Meridian lying Northerly of a One Hundred foot (100') parcel of land for extension of the boulevard as described in Book of Deeds 623, Page 497.
AND
All that part of the North Half of the Northeast Quarter (N 1/2 of NE 1/4), Section Six (6), Township Forty-nine (49), Range Fourteen (14) West of the Fourth Principal Meridian lying Southerly of a One Hundred foot (100') parcel of land for extension of the boulevard as described in Book of Deeds 623, Page 497 and lying within the Westerly Four Hundred Twenty-five and 75/100ths feet (W'ly 425.75) feet of the North Half of Northeast Quarter (N 1/2 of NE 1/4).
FURTHER RESOLVED, that the proper city officials are hereby authorized to disburse four hundred thousand dollars ($400,000) for the purchase price of the Property, plus an additional amount up to $20,000 for related costs in connection with the transaction, payable from Fund 205-130-1220-5510 (Parks Fund, Community Resources, Parks Capital, Land).
FURTHER RESOLVED, that the proper city officials are hereby authorized to execute all documents necessary to effectuate the acquisition of the real ...
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