HomeMy WebLinkAboutResolution 049-2011Resolution No. 49 -1 1
Resolution Authorizing the Transfer of Real Property to Brookings Economic
Development Corporation 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
approximately 50 acres of the following described property:
Foster Industrial Park: The east 50 acres, more or Tess, of the northeast one -
fourth (NE ''A), except Lots One (1) and Two (2) and except Lots H -4, H -5 and
the platted lots thereof, of Section Nineteen (19), Township One Hundred Ten
(1 10) North, Range Forth -nine (49) West of the 5th P.M., County of Brookings,
State of South Dakota, 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 purposes of furthering economic growth and
development of the City of Brookings, South Dakota; and
B. That the Mayor, City Clerk and City Manager are authorized to execute the required
documents in accordance with this Resolution.
Passed and approved on the 21St day of April, 201 1.
ornes, City Clerk
CITY OF BROOKINGS:
%v.-- 4124,,
Tim Reed, Mayor