HomeMy WebLinkAbout02-28 RESOLUTION 02-28
3N AUTHORIZING ACQUISITION OF PROPERTY LOCATED
16318 MAIN AVE. SE, PRIOR LAKE, AND AUTHORIZING THE MAYOR
AND CITY MANAGER TO ENTER INTO A PURCHASE AGREEMENT.
Motion By: PETERSEN Second By: ZIESKA
WHEREAS, the City desires to facilitate progress and encourage the redevelopment of the Downtown
area; and
WHEREAS, the Joe's Pizza property located at 16318 Main Avenue SE, which will ultimately be
redeveloped as part of the Downtown revitalization effort, is available for purchase; and
WHEREAS, a purchase agreement satisfactory to Buyer and Seller have been voluntarily negotiated
and executed by the Seller.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA
that:
1. The recitals set forth above are incorporated herein.
2. The acquisition of the property is hereby approved.
3. The Mayor and City Manager are authorized to execute all necessary documents to effectuate the
closing of the transaction.
4. Funding for the acquisition will be drawn from the General Fund Reserve Balance.
PASSED AND ADOPTED THIS 19TM DAY OF FEBRUARY, 2002.
YES NO
Haugenr X Haugen
Ericson Absent Ericson Absent
Gundlach Absent Gundlach Absent
Petersen X Petersen
Zieska × Zieska
City Manager, City of Prior Lake
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (952) 447-4230 / Fax (952) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER