HomeMy WebLinkAboutResolution 23-003RESOLUTION 23-003
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 acquire the
following described property:
Approximately 13.09 acres with the exact acreage to be determined by survey
and plat, generally described as:
Block Ten (10), Except Lot One (1) and Except the Right -of -Way, of Freeland
Addition to the City of Brookings, County of Brookings, State of South Dakota,
Except the West One Hundred Seventy-five Feet (W 175') thereof, and Except
the North Sixty Feet (N 60') and the South Sixty Feet (S 60') thereof, and
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 Millborn Seeds, Inc. and Berry
Properties, LLC for the price of $247,203.00 Dollars and other valuable consideration, 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 the purpose of completion of
the transaction described above to further the economic growth and
development of the City of Brookings, South Dakota; and
B. That the Mayor, City Clerk, City Manager and City Attorney are authorized
to execute the required documents in accordance with this Resolution.
Passed and approved on the 28th day of February, 2023.
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Overview
Legend
Brookings City
Limits
City Limits
TownshipBoundar
Sections
Parcels
Roads
Parcel ID 401800100000000 Alternate ID n/a Owner Address BROOKINGS CITY
Sec/Twp/Rng -- Class G 520 3RD ST STE 230
PropertyAddress Acreage n/a BROOKINGS SD 57006
District 4001
Brief Tax Description FREELAND ADDITION, BLK 10 EXC LOT 1 & EXC ROW 16AAC
(Note: Not to be used on legal documents)
Date created: VJ512022
Last Data Uploaded: 12/5/2022 8:09:52 AM
Developed by" Schneider
GEOSAATIAL