Title
AN ORDINANCE AUTHORIZING THE CONVEYANCE OF CERTAIN REAL PROPERTY IN THE GARY-NEW DULUTH NEIGHBORHOOD TO VEIT COMPANIES, LLC FOR $35,623.
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 21-0223, legally described as follows (the "Property"):
NE1/4 of SW1/4, Section 4, Township 48, Range 15 West of the Fourth Principal Meridian, EXCEPT MINERALS
(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.
(c) Pursuant to Section 2-176(c) of the Code, the St. Louis County Assessor determined that the estimated market value of the Property is $34,100.00.
(d) Pursuant to Resolution 21-0224, the city council previously authorized city officials to enter into a purchase agreement (the "Purchase Agreement") for the sale of the Property to Veit Companies, LLC, a Minnesota limited liability Company ("Veit").
Section 2.
(a) Pursuant to Sections 2-177(d) and 2-177.4 of the Code, the City may convey property to a non-governmental entity at an amount at or less than market value in order to further city interests if the city council finds that such conveyance will further other important city interests or objectives and that such conveyance is necessary to the accomplishment of such interests.
(b) Veit owns real estate adjacent to the Property on which it operates its specialty contractor business, and desires to purchase the Property and then construct an office building and vehicle maintenance structure on the Property.
(c) The Property is currently owned by the State of Minnesota ("State") and Veit cannot di...
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