HomeMy WebLinkAbout1997-177
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RESOLUTION NO. 97-177
APPROVAL OF CONTRACT BETWEEN CITY OF STILLWATER AND
BURLINGTON NORTHERN AND SANTA FE RAILWAY COMPANY
WHEREAS, the City Council authorized negotiations for the purchaSe of the Lowell Park
parking lot from Burlington Northern and Santa Fe Railway Company; and
WHEREAS, the Railway Company has prepared a Purchase Agreement that provides for the
agreed upon sale price of one hundred twenty-seven thousand five hundred and no/IOO
dollars ($127,500) with twelve thousand five hundred and no/IOO dollars ($12,500) in earnest
money;
NOW THEREFORE, BE IT RESOLVED by the City Council of Stillwater, Minnesota, that
the Real Estate Purchase and Sale Agreement, attached hereto as Exhibit A, by and between
the City of Stillwater, Minnesota, and Burlington Northern and Santa Fe Railway Company,
is hereby approved, and the Mayor and Clerk are authorized to sign said Agreement and
also authorized to make payment of the twelve thousand five hundred and no/100 dollars
($12,500) deposit.
Adopted by Council this 5th day of August, 1997.
ATTEST:
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ay , Mayor