HomeMy WebLinkAboutResolution 073-2013 Resolution No. 73-13
A Resolution Authorizing the Transfer of Real Property to Brookings Economic Development
Corporation, Inc. for Economic Development Purposes
Be It Resolved by the City Council of the City of Brookings, South Dakota as follows:
Whereas,the Brookings Economic Development Corporation, Inc. desires to purchase
approximately nine and six-tenths (9.6) acres of real property for the price of$17,500 dollars
($17,500) per acre. The real property is described as follows:
Lot One (1) of Block Five (5) in Telkamp Industrial Addition to the City of
Brookings, County of Brookings, State of South Dakota; and Lot Three "C" (3C) of
Block Five (5) in Telkamp Industrial Addition to the City of Brookings, County of
Brookings, State of South Dakota.
Whereas, for the express purpose of furthering economic growth and development of the City
of Brookings, South Dakota, the Brookings Economic Development Corporation, Inc. agrees to
sell, convey or otherwise transfer said property to a legal entity which is, or will be, conducting
business in the City of Brookings, South Dakota; and
Whereas, it is in the best interests of the City of Brookings that the City provide its economic
development assistance in this matter to aid and assist with the completion of the aforesaid
transaction which will further economic development in the City of Brookings; and
Whereas,the City is authorized to enter into this transaction as an economic development
activity under the laws of the State of South Dakota.
Now Therefore, It Is Hereby Resolved by the City Council of the City of Brookings, South Dakota,
as follows:
A. That the City convey title to the above-described property to the Brookings
Economic Development Corporation, Inc. for sale of the above-described property to
a business in accordance with this Resolution; and
B. That the Mayor, City Clerk, City Manager and City Attorney are authorized to execute
the required documents to complete this transaction in accordance with this
Resolution.
Passed and approved on the 11th day of June, 2013.
CITY OF BROOKINGS
(LeigAt
gyp: Tim Reed, Mayor
"ornes, City Clerk