Title
AN ORDINANCE AUTHORIZING THE CONVEYANCE OF REAL PROPERTY IN THE ONEOTA NEIGHBORHOOD TO THE DULUTH SEAWAY PORT 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. 22-0859, which property is legally described on Exhibit A to the attached Exhibit 1 (the "Property").
(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 has a current estimated market value of $579,800. However, an independent appraisal of the Property was not obtained and, if so, the City presumes the Property would be appraised at a substantially less value.
(d) Pursuant to Section 2-177.3 of the Code, the city council finds that a conveyance of the Property to the Duluth Seaway Port Authority, a body politic and corporate, organized under the laws of the State of Minnesota ("DSPA"), is in the best interests of the citizens of the city and exceeds the needs of the city to retain the property.
(e) Pursuant to Resolution No. 22-0920, the city council authorized city officials to enter into a purchase agreement (the "Purchase Agreement") for the sale of the Property to DSPA.
Section 2. That the proper city officials are hereby authorized to: (i) convey the Property to DSPA in accordance with the terms of the Purchase Agreement for One and No/100 Dollars and (ii) execute the deed, substantially in the form attached as Exhibit 1, and all other documents necessary to effect...
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