HomeMy WebLinkAbout01-35 RESOLUTION 01-35
A RESOLUTION AUTHORIZING CITY ACQUISITION AND SALE
OF PROPERTY LOCATED AT 16812 CREEKSIDE CIRCLE
TO FOSTER COMPLETION OF THE LAKEFRONT PLAZA PROJECT.
Motion By: PETERSEN Second By: GUNDLACH
WHEREAS, the City Council desires to promote the redevelopment of downtown Prior Lake; and
WHEREAS, the Lakefront Plaza project proposed by R & K Sales, Inc. will be the first redevelopment
project in the downtown area; and
WHEREAS, in order for the Lakefront Plaza project to occur, a residential homestead on the property
proposed for development must be acquired and the owners of said property relocated to
another homestead; and
WHEREAS, a property located at 16812 Creekside Circle, Prior Lake, is available for acquisition by the
City at appraised value due to forfeiture to the Department of Housing and Urban
Development; and
WHEREAS, the Mueller family has expressed their desire to acquire the property at 16812 Creekside
Circle and relinquish possession of their existing homestead, and has entered into a
written purchase agreement with R & K Sales, Inc.; and
WHEREAS, to consummate the transaction, the City must acquire the property at 16812 Creekside
Circle from the Department of Housing and Urban Development and re-sell the property to
R & K Sales, Inc., who in turn will convey the property to the Muellers.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA
that:
1. The Mayor and City Manager are authorized to execute a purchase agreement in the amount of
$125,000 to acquire the property located at 16812 Creekside Circle, Prior Lake, Minnesota, from
the Department of Housing and Urban Development, and to execute the necessary documents to
facilitate the purchase.
2. The Mayor and City Manager are authorized to execute a purchase agreement in the amount of
$125,000 for the sale of the property located at 16812 Creekside Circle, Prior Lake, Minnesota, to R
& K Sales, Inc., and to execute the necessary documents to facilitate the sale.
PASSED AND ADOPTED THIS 2ND DAY OF APRIL, 2001.
YES NO
Mader X Mader
Ericson Absent Ericson/ Absent 7~i~7 /'~ kFeax
Gundlach X Gundlach
Petersen × Petersen
Zieska X Zieska
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 553 (952) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER