HomeMy WebLinkAboutResolution 25-069RESOLUTION 25-069
RESOLUTION AUTHORIZING THE ACQUISITION OF REAL PROPERTY FOR THE
PURPOSES OF DOWNTOWN PARKING; AUTHORIZING THE EXPENDITURE OF
FUNDS FOR THE PURCHASE OF THE REAL PROPERTY, AND AUTHORIZING THE
DOCUMENTS TO EFFECTUATE THE TERMS AND INTENT OF THIS RESOLUTION
BE IT RESOLVED by the City Council of the City of Brookings, South Dakota (the
"City"), as follows:
WHEREAS, the City is authorized to acquire real property pursuant to SDCL §§ 9-12-
1(2) and 9-51-1; and
WHEREAS, the City has determined additional parking is necessary to facilitate
commerce, downtown redevelopment efforts, and economic growth, and it is necessary
and desirable to acquire the following real property (the "Property"):
Lot 3, Railroad Additions to the City of Brookings, County of Brookings,
State of South Dakota;
Lot 2, Railroad Additions to the City of Brookings, County of Brookings,
State of South Dakota;
Lot 1, Railroad Additions to the City of Brookings, County of Brookings,
State of South Dakota;
Lots A, B, and C of Railroad Additions to the City of Brookings, County of
Brookings, State of South Dakota; and
WHEREAS, the Property described herein is being acquired by the City for purposes of
increasing parking availability in Downtown Brookings; and
WHEREAS, the total cost of the Property purchase will not exceed the cash sum
$1,317,305, which includes $1,250,000 for the property purchase plus $4,805 for title
work/closing cost and $62,500 in real estate commission; and
WHEREAS, the City intends to complete the transaction described herein, following a
due diligence investigation, and will be completed pursuant to terms, agreements and
documents consistent with this Resolution, together with such other documents
necessary to effectuate the terms and intent of this Resolution; and
WHEREAS, the funds necessary for the purchase of the Property are available in the
City Council Financial Policy Fund; and
NOW, THEREFORE BE IT RESOLVED that
1. The real estate transactions set forth herein are hereby authorized; and
2. The Mayor, City Manager, City Clerk, and City Attorney are hereby authorized
to execute on behalf of the City the documents required to complete the
transactions described herein, consistent with the terms of this Resolution in a
manner satisfactory to the City Manager.
Dated and Approved this 22nd day of July, 2025.
NIONA OW)MMANE
Oepke,G. Niemeyer, Mayor
ATTEST:
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