HomeMy WebLinkAboutResolution 081-2007 RESOLUTION NO. 81-07
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 purchase
approximately ten acres of real property located in Freeland Addition, more accurately described
as Lot 1, Block 10, Freeland Addition in the SE 1/4 of Section 18, R49W, T110N of the City of
Brookings, South Dakota, for a price of$15,000 per acre, 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 a legal entity which is, or will be,
conducting business in the City of Brookings, South Dakota, 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 sale of the above-described property to a business;
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 27th day of No - , 2007.
--6 . crry ti
:-P Sco !. unsterman, Mayor,.....„,
,,,„,, ..,,,,, t , „,
Shari Thornes, City Clerk