HomeMy WebLinkAboutResolution 080-2014 Resolution No.80-14
Resolution Authorizing the Acquisition of Real Estate
Be It Resolved by the City Council of the City of Brookings, South Dakota as follows:
Whereas,for the purpose of acquisition of real property for storm drainage purposes,the City
of Brookings desires to purchase the site of Access Storage from Access Holdings, L.L.C.,
described as follows:
The South Forty Feet (S 40') of the West Seventy-Five Feet (W 75')of Lot "A" and Lot
"B," all in Lot Five (5) of Block Four (4) of Bidco Addition to the City of Brookings, County
of Brookings, State of South Dakota, and
Whereas,the above-described real property has been offered for sale to the City of Brookings
by Access Holdings, L.L.C. for the purchase price of$635,000.00 Dotlars; and
Whereas,the City of Brookings has determined the above-described property will provide a
suitable location for drainage facilities in the City of Brookings.
Now,Therefore, It Is Hereby Resolved by the City Council of the City of Brookings, South
Dakota, as follows:
A. That the City of Brookings acquire title to the above-described real property from Access
Holdings, L.I.C.for the purposes of development af additional storm drainage facilities
in the City of Brookings,South Dakota; and
B. That the Mayor, City Clerk, City Manager and City Attorney are authorized to execute a
Real Estate Purchase Agreement and other required documents in accordance with this
Resolution.
Passed and approved this 23rd day of September, 2014.
CITY OF BROOKINGS
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o�S.Q'1`�l'E'���'.� Tim Reed, Mayor
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Shari Thornes, City Clerk