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HomeMy WebLinkAboutResolution 044-2008 Resolution No. 44-08 Resolution Authorizing the Execution of Real Estate Purchase Agreement BE IT RESOLVED by the City Council of the City of Brookings, South Dakota as follows: WHEREAS, for the purpose of preparing for potential airport needs and further development of the City of Brookings, South Dakota, the City of Brookings desires to purchase the following described property: 92.3 acres located in the South One-half(1) of Section Twenty-one (21), Township One Hundred Ten (110) North, Range Fifty-one (51) West of the 5th P.M., County of Brookings, State of South Dakota, and WHEREAS, the property has been offered at public auction and the City of Brookings has submitted a successful bid and has received a proposed Purchase Agreement, the terms of which are satisfactory to the City of Brookings; NOW THEREFORE, IT IS HEREBY RESOLVED by the City Council of the City of Brookings, South Dakota, as follows: A. That the City acquire title to the above-described property pursuant to a Purchase Agreement with Richard Nichols and Shirley Nichols for the purposes of meeting potential airport needs and development of the City of Brookings, South Dakota; and B. That the Mayor, City Clerk and City Manager are authorized to execute the Purchase Agreement and other required documents in accordance with this Resolution. Passed and approved on the 27th day of May, 2008. CITY OF BROOKINGS: " c `4 Scott D. Munsterman,Mayor oba A �.'t$T: s: 9.;141 Shari Thornes, City Clerk