HomeMy WebLinkAboutResolution 67-2000 " �►
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Resolution No. 67-00
Sale of Industrial Land
in the Telkamp Industrial Park
WHEREAS,the City of Brookings,through its Industrial Development Fund,is the
owner of the Telkamp Industrial Park;and
WHEREAS,the Brookings Economic Development Corporation has requested to
purchase 6.83 acres (Lots 5,6,11 and 12,Block 12 of Telkamp Addition in the Southeast Quarter
(SEl/4)of Section 30-T110N-R49W) for further industrial development;and
WHEREAS,the 6.83 acres will be sold at$10,000 per acre for a total cost of$68,300.
NOW,THEREFORE,BE IT RESOLVED,that the Ciry Manager be authorized to sign a
purchase agreement and wananty deed with Brookings Economic Development Corporation for
Lots 5,6,11 and 12 of Block 12,Telkamp Addition,to the City of Brookings (6.83 acres).
Passed and approved this 25`h day of September,2000.
�
°RY oF�,�oo May gil . Herriott
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Shari Dunn,City Clerk
. .09/13/00 14:�9 FAa 60S 697 8109 BkBs. Chaaber �002
PUACHASE AGREEI4�NT
RE
LOTS FIVE(3),SIX(6),Ei.EVEN(I1) AND TWELVE(12).B�.pCK pNE(1)
OF TELKANIP II�IDUSTRiAL ADDITION!N THE SOUTI�AST .
QUAR7ER(SEl/�)OF SECTION'7'FIIIZTY(30}70WNSHI,P ONE
NUNDRED'IEN(1 I O)NORTFL RANCiE FQRT'Y-MNE(�9)
wFST OF TH�STH pM
It is agrCed baw�en the undersi�ed Seller,bereio�Rer ref�rcd m as$r,ller,�d it►e tmders�gned Buyers,
hercma8er r�Cerred to as Suyen that the 5ella S!erta w seU and the Buyers agree to buy the above
descnl�ed rtal estate uader Ihe follawiri��tetms and condiaons:
1.Prtee. The Buyeis agree to pay rn the Selter the s�of SIxTY-ETG�I"THQUSANb,TEIItEE
HiJIVDRED D0�[.I.AR$(�68,300.00)npoa delivery of the�ead of comeya�oc aad po�cssion as A�e� -
Pro�
2. Po�ssipa. BnY�rS Shall be enhitled to po�ses�on af[he ProP��n paYmeni of the putrhase prlce-
3. Convep�nce, Conve��ance of said propertv shelI be by W�sunty Dad subject co zasemciirs aad
arvcnants of record
4_ Cov�ant to B�Wd. It is uaderstoad bec�veea the partics tbat rhe Buyers arc pnrcba�ng the propem�
for the purpose of e�cang s building rbarton,to accommodaa�ih�eir busEness tmow�as Sporrs Link,tTD. -
The Seller is capm-eyin.g said propertv w ihc Hay�rs subjea to che aipress oondihan tl�at the Bu}�as er�Cct
the afora�id baildiag On the premises_ Shonld the Buya�s fail to ex�xt said buil�ing aad to commence -
business�herein tivithin tu•o(�)years fi�orn th�date o,t this a�eut Sellcr shall h,n�e rhe exclusNe right
to reaguire said ptopem trom th�Buyers for the sum of s.m--eight thousaad th�Cc hundted dollais
568,300.U0)in�tcbange for a Warranry Deed fro�th�B�•ers. Ssid prp�ecds u�,be u,sed to pap anp
liens or encumbrances a11o�,-ed to be placed on the propert�br che Buyers dvring the tcrm of rJ�eir
mvnership.
3_ Title ln,�u r��ce,recordin�tees and transfer tazes. .Auti•Tide Tnsurunce premiums or Absuac�
continualioa fas required by the Huyeas shail be ac the B�cyers e.�cpense. AJ1�cordlag r�a and cransfer
ta.res shall be at the Bu.,r,cs aYpensc.
6. Selkr�Canvesaoce Contingeq�. It is unders�vod that rha properrv is tit►ed tn tt,e City of Brookings,
South Dakota and thut the Seller's liabilitn[a come_r'th�same to thc Bu}-er is co�ngent on the Seller �
recc,ivin�titie from tlta Cic_r•and t2�t the Scller is mc�ly serving in the�apacit�of a'pass throu�h�tatity
to tnable the eome��a.acs of rhe propemr from the Citv to the$u��er through[hc Setler for prn;ate
developmen[. �
Sig�ed this ���Z day o! , �� pp_
BROOKINGS�CONONLlC DEVELO�PIv�NT COR.PORATION-SF_LI.ER
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$ports Link_Ctd�b�l��tike Coo er-Hu�;er
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� /�/`S �'J�r �F �-Pjl/'K� /f'C�1
'� a �� ��
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LOTS 1 , 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 A�D 12 �� ���C�� 1 �,�+6� .-: '
LOTS 1 , 2, 3, 4, 5, 6 AND 7 OF �LOCK _2 GF T��.iC�4�P IN��1ST!�lf�� �4DDITIQ�1
- TO THE CITY OF BROOKINGS, BROOKING� COUl�T't', SOUT� DAKOTA
G�LK�RS� � � �
N �
pLOCK 5 �,��ITIQN S-S00' Of THE E-419.25' �
� .�-Q � . . OF THE NEt/4 30-.1.1Qr49 I _
LOT t �,�,(°` I_i1G �+ r _
,_ � _ � � ''�� ��5 W�"�` B LOC K 6 � .�",+�. �a,� � � � ,
d u,�1 � �j rtAr� �s-a�-�r�►Y
' '1-- �� � r,y LOT 1 p���!. 1M56�OOIC 10R1l�i�',Afi3. 33'I 33''
•r�1 C.�`^
� � o . 35.0. � `-SE 1/4 iC
• . '4 ' '''NOl'17'S2'W
53'47'E IB9'S3'47"E y- �p �
A 549.9 �W0.0' 70A o 1�0'�'16 E. , - - --- - - 3'!? u� ��4 �E
c2 ' oo �
0
g � LDT 1 : o. �lDT 4 - g � �.%�Y � g carr�c t.os � � u
�
�' � CONTAMIIIIG 2:52 ACRES '� o �MORE OR LESS C R E S � ' �0'0 0'0 0 590'00�'W' h
YORE,OR LE55 � = 477.9'._ • 384.0 �� y
z
°. . •�-w � o � � 2 � o tror e �� �
554.5 o OOMTIUWMG 1.65 ACRES o ppK�A�G 1.32 Af�ES
N � � YORE OR lESS o MORE OR LESS " � �
. N �OT 2 .: . $ 9!0'00'00'W � SYG'pp'pp'W . �
g � � � S o 4T/.9' 381.b
o - CONTAMIG 256 ACRES - OONGMMJG 1.84 ACRES � '� Z �n
� oR �ss � at tFss S - o LOT 3 $ . � 9 o i �
o � .w o ��pR'�e�s o OONTAINING 1.31 ACRES : •
SYO'00'00'W � o YORE OR LESS
e+ 558.7 .� E •I �
wws 4, :00'W I
. �
z = I
�
� ' - . - . � � g q .. . ' ' . O ,
4 0 � 4 LOT f 0 � N
o lAT 6 $ � CCMfANMNG 1.65 ACRES g 'COMUNMNG 1.30 ACRES . �
- _ o CONT�G�1-�SCRES o g �, NORE OR LE55 o YORE OR LESS � �
�; - � . '
- � , �
� 3 �0'OO.�.w 477.9 6•9 . �� �
o N .
' CONTAN�IG 5.57 ACRES �, � o
LOT 5 �.
YOItE OR LESS 10' o COMf��1.6�ACRES o OONTAMiIN�1.29 AG'RES : � �
�, ��� u �. YORE OR LE55 u�
p�
e^ o � 7 �����W �0'00'00'W
�� ' w o QONTAMIING 2.90 ACRES N � o �, �n.9 �� = 374.5 0 _
c^ � o MORE OR LESS w ' q , 0 4
• _ . o !AT 6 0 lAT 12 E � �
� o COIfUINING 2.19 ACRES � � CONTANIING 1.70 ACRES o w
. � MORE OR LESS �= g YORE OR LESS `:�
. . . 10' � � �
509'S1'41 � 10' 0 10'
51'�1'W S!4'S1'41'W ��� ���
93.7' . SS951'41"W y
477.9 1.4
�NNCE 9RNE 4 v u I
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