Title
RESOLUTION AUTHORIZING THE PURCHASE OF CERTAIN REAL PROPERTY IN THE IRVING NEIGHBORHOOD FROM MINNESOTA POWER, A DIVISION OF ALLETE, INC. FOR $100, PLUS ASSOCIATED COSTS.
Body
CITY PROPOSAL:
RESOLVED, that the proper city officials are hereby authorized to purchase the real property located in St. Louis County, Minnesota legally described as follows (the "Property"):
That part of Lot 5, Block 98, WEST DULUTH FOURTH DIVISION lying northeast of a strip of land 50 feet in width across said Lot 5, said strip of land being 7 1/2 feet wide on the SW'ly side and 42 1/2 feet wide on the NE'ly side of the centerline of the railway tracks of the Duluth Transfer Railway Company as originally constructed across said premises from Minnesota Power, a division of ALLETE, Inc., a Minnesota corporation, for $100 under the terms and conditions of a purchase agreement, substantially the same as that on file with the office of the City Clerk; payable from Fund No. 535-500-1905-5535.
FURTHER RESOLVED, that the proper city officials are hereby authorized to execute all documents necessary to effectuate the acquisition of the Property and pay additional costs associated with the acquisition of the Property, including but not limited to deed tax and recordation fees.
FURTHER RESOLVED, that the City Administrator is hereby authorized to approve a modification to the legal description of the Property to more accurately describe the Property if such modification is needed.
Statement of Purpose
STATEMENT OF PURPOSE: This resolution authorizes the acquisition of certain real property in the Irving neighborhood located adjacent to 59th Ave. W. between Main St. and Polk St. (the "Property") from Minnesota Power, a division of ALLETE, Inc., a Minnesota corporation, for $100 under the terms and conditions of the purchase agreement attached as Exhibit 1. The Property is vacant land that lies adjacent to other city-owned property.
The City desires to acquire the Property to use ...
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