HomeMy WebLinkAbout1991-059
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RESOLUTION NO. 91-59
WHEREAS, the City of Stillwater has been involved in
extensive negotiations with Glacier Park Company with regard
to the purchase of certain real estate located in Downtown
Stillwater, legally described in Exhibit "A" and,
WHEREAS, the City has obtained appraisals for the property
which reveal that the market value of the property is in excess
of the asking price of Glacier Park Company and,
WHEREAS, it has been determined that the acquisition of this
land is permitted and authorized by the Charter and Ordinances of
the City of Stillwater and the consumation of this purchase and
the entering into a contract for this purchase would be in the
best interest of the citizens of the City.
NOW THEREFORE BE IT RESOLVED that the Purchase Agreement
attached hereto Exhibit "A" is hereby approved and the Mayor and
Clerk and other City officials are authorized to take the
necessary steps to complete this acquisition pursuant to the
terms of this Agreement.
Adopted by the City Council this 26th day of March, 1991.
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ATTEST:
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Mary LOe Johnson
City Cl rk
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