Title
AN ORDINANCE AUTHORIZING THE CONVEYANCE OF REAL PROPERTY IN THE LAKESIDE NEIGHBORHOOD TO THE DULUTH ECONOMIC DEVELOPMENT AUTHORITY FOR NOMINAL CONSIDERATION.
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 No. 21-0185, which property is legally described as (the “Property”):
Lots 1 and 2, Block 77, LONDON ADDITION TO DULUTH, and
Lot 3 and the West ½ of Lot 4, Block 77, LONDON ADDITION TO DULUTH,
St. Louis County, Minnesota.
(b) Pursuant to Section 2-177.3 of the Code, the city council finds that the conveyance to the Duluth Economic Development Authority, an economic development authority under Minnesota Statutes Chapter 469 (“DEDA”), of the Property is in the best interests of the citizens of the city and exceeds the needs of the city to retain the property.
(c) 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 has a current estimated market value of $53,400.
Section 2. That the proper city officials are hereby authorized to convey the Property to DEDA for the sum of $1.00 and execute the deed and all other documents necessary to effectuate the conveyance of the Property to DEDA.
Section 3. That this ordinance shall take effect 30 days after its passage and publication.
Statement of Purpose
STATEMENT OF PURPOSE: The purpose of this ordinance is to authorize the conveyance of real property legally described above (the “Property”) to the Duluth Economic Development Authority, an economic development authority under Minnesota Statutes Chapter 469 (“DEDA”). The Property is located near the intersection of 42nd Avenue East and Pitt Street in the Lakeside neighborhood. The Property proposed to be sold or conveyed is vacant land and is outlined in red on the attached Exhibit A.
The City desires to include these lots as a part of the “Rebuild Duluth Program,” which purpose is to disburse publicly-owned, developable lots for construction of new homes. DEDA will be administering the conveyance of the publicly-owned lots to a subsequent owner/developer, so the conveyance from the City to DEDA is needed at this time. The City desires to convey the Property for nominal consideration because of the public benefit provided by the Rebuild Duluth Program.
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 and the property is surplus to the city’s future needs.
According to the St. Louis County assessor, the real property intended to be sold or conveyed has a current estimated market value of $53,400.