97-8523r
98
RESOLUTION NO. 8523
RESOLUTION AUTHORIZING USE OF PROCEEDS FROM
SALE OF LAMPERT LUMBER SITE AT 300 WEST 78TH STREET
FOR NEW CITY GARAGE FACILITY ON PORTLAND AVENUE
WHEREAS, on November 12, 1992, the City purchased the former Lampert
Lumber Site located at 300 West 78th Street, legally described as: The West 239 feet
of the East 330 feet of the Southeast 1/4 of the Southwest 1/4 of the Southwest 1/4,
Section 34, Township 28, Range 24, except part taken for State Highway respectively
(the "Property"); and
WHEREAS, Section 13.04 of the City Charter addresses Sale of Real Property;
and
WHEREAS, the revenue source used to purchase the Property was the City's
Capital Projects Fund and no debt was incurred for the purchase of the Property; and
WHEREAS, the Property was used as a Public Works Garage facility; and
WHEREAS, none of the Public Works Garage facilities have debt; and
WHEREAS, the City has approved the sale of the Property in accordance with a
transitory ordinance; and
WHEREAS, the Council may by resolution designate a public use for proceeds
received for the sale of the Property.
NOW, THEREFORE BE IT RESOLVED, that proceeds from the sale of the
Property will be used as revenue to help pay for the construction of the new City
Garage facility to be located on Portland Avenue.
Adopted by the City Council of the City of Richfield, Minnesota this 24th day of
November, 1997.
ATTEST:
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Thomas P. Ferber, City Clerk