HomeMy WebLinkAbout2017-217 (Sale of Real Estate) RESOLUTION 2017-217
AUTHORIZING THE PREPARATION FOR AND CONDUCTING OF A
SALE OF REAL ESTATE
WHEREAS, a purchase agreement was approved for the sale of a City Parcel to
Midnight Real Estate Group and finalized along with a Development Agreement by
Resolution No. 2017-211, and;
WHEREAS, a closing on the purchase described in the Purchase Agreement has been
tentatively scheduled for November 8th, and it is necessary that deeds be prepared for the
closing and that the Mayor and City Clerk be authorized to execute the deeds for delivery to
the buyer, and the that the City Attorney be authorized to attend the closing and to insure
that funds are either deposited to the City account by electronic transfer or paid by draft, in
which case the City Attorney is authorized to take possession of the check for delivery to the
City Finance director;
NOW THEREFORE BE IT RESOLVED AS FOLLOWS:
1. That the Mayor and City Clerk are authorized and directed to execute any deeds or
other documents necessary for conveyance of the City owned land that has been held
for redevelopment, to the Midnight Real Estate Group as called for in the Purchase
Agreement, and;
2. That the City Attorney is directed to prepare necessary documents needed for the
closing or to review documents prepared by others and to attend the closing to insure
that funds due the City from the closing be deposited with the Finance Director.
Adopted by the Stillwater City Council this 7th day of November, 2017.
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Ted Kozlowski, Mayor
ATTEST:
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'Phomas McCarty,Actin Ci Clerk