HomeMy WebLinkAboutResolution 076-2010 Resolution No. 76-10
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 purchase the
following described property:
The South Thirty-five Feet (S 35') of the South Five Hundred Feet (S 500') of the
East Four Hundred Nineteen and Twenty-five Tenths Feet (E 419.25') of the
Northeast Quarter (NE'/) of Section Thirty (30), Township One Hundred Ten
(1 10) North, Range Forty-nine (49) West of the 5th P.M., County of Brookings,
State of South Dakota, 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 Michael M. Dorn and Susan J. Dorn who
own adjoining property, with this transaction increasing the likelihood of mutually beneficial
economic use of the above-described property since it will be added to adjoining property,
thereby increasing the potential economic development of the real property which is the
subject of this Resolution; 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 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 I0`h day of August, 2010.
=oob9`c�rya,, CITY OF BROOKINGS:
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Tim Reed, Mayor
hari Thornes, City Clerk