HomeMy WebLinkAbout1991-037
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RESOLUTION NO. 91-37
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WHEREAS, the City staff has spent significant time and
effort in negotiating with the Glacier Park Company for the
purchase of certain land in the downtown area. The land is
described with particularily in Exhibit "A" to this Resolution,
and is commonly known as the Mulberry Point Property that
contains also the Hooley's Supermarket site and the Lumberman's
Exchange Building, and
WHEREAS, the City staff has negotiated a purchase price
for this property that is substantially under the appraised value
placed upon the property by R. W. Kirchner and Associates, and
WHEREAS, the City staff has advised that certain
contingencies should be placed upon the City's obligation to
purchase this property, more particularily described in the
Exhibit "A" attached hereto.
NOW THEREFORE, BE IT RESOLVED:
That the City enter into an Agreement to purchase
certain lands from the Glacier Park Company, the lands being
described in Exhibit "A", on the terms and conditions set forth
~ in Exhibit "A".
The Mayor and Clerk are hereby authorized to execute
this Agreement on behalf of the City. The City treasurer is
authorized to issue a check in the amount of $50,000 as earnest
money to accompany this purchase.
Enacted this 5th day of March, 1991.
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Wally rahamson, Mayor
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