HomeMy WebLinkAbout14-114 Purchase of 4577 Colorado Street
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 14-114
A RESOLUTION AUTHORIZING THE PURCHASE OF PROPERTY
LOCATED AT 4577 COLORADO STREET SE, PRIOR LAKE, MN
Motion By: MCGUIRE Second By: SOUKUP
WHEREAS, The City of Prior Lake, a Minnesota municipal corporation, acting by and through the City
Council, is authorized by law to acquire real estate which is needed for public use or purpose;
and
WHEREAS, The City Council amended its Comprehensive Plan in 2013 to identify a future roadway
connection from Arcadia Avenue south to the Southlake Village area; and
WHEREAS, The County has indicated that in 2015, the County will activate the signal lights at Arcadia and
CH21, install “jersey” barriers in the middle of CH21 from Arcadia through the Main Avenue
intersection, and remove the stop signs at the Main and CH21 intersection; and
WHEREAS, Future extension of Arcadia Avenue to the south will require the acquisition of several
residential properties; and
WHEREAS, The City has successfully negotiated the purchase of property at 4577 Colorado Street SE,
Prior Lake, MN from a willing seller.
NOWTHEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1.The recitals set forth above are incorporated herein.
2.The Mayor and City Manager are hereby authorized to enter into a Minnesota Standard Residential
Purchase Agreement and any documents necessary to close the transaction.
3.Funds for this purchase are authorized in an amount not to exceed $114,900 plus closing costs, drawn
from the General Fund.
PASSED AND ADOPTED THIS 28 DAY OF JULY, 2014.
TH
VOTE Hedberg Keeney McGuire Morton Soukup
Aye
☒☐☒☐☒
Nay
☐☒☐☒☐
Absent
☐☐☐☐☐
Abstain
☐☐☐☐☐
______________________________
Frank Boyles, City Manager