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HomeMy WebLinkAboutResolution 144-2013 Resolution No. 144-13 Resolution Authorizing the Acquisition of Real Estate Be It Resolved by the City Council of the City of Brookings, South Dakota as follows: Whereas, for the purpose of acquisition of real property for economic development purposes in the City of Brookings, South Dakota,the City of Brookings desires to purchase from the State of South Dakota, Department of Transportation, the following described property: A parcel located in the Southwest Quarter of the Southeast Quarter(SW%SE%) of Section Nineteen (19), Township One Hundred Ten (110) North, Range Forty-nine (49) West of the 5th P.M., City of Brookings, County of Brookings, State of South Dakota, containing 26.25 acres, more or less (the "Property"); and Whereas, the above-described real property has been offered for sale to the City of Brookings by the State of South Dakota, Department of Transportation for a purchase price of$1.6 Million Dollars; and Whereas,the City of Brookings has determined the above-described property will further the economic growth and development of 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 of Brookings acquire title to the above-described real property from the State of South Dakota, Department of Transportation 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 a Real Estate Purchase Agreement and other required documents in accordance with this Resolution. Passed and approved this 26th day of November, 2013. CITY OF BROOKINGS c,o( 7 N at)2•41(__ SST• Tim Reed, Mayor , A � :: 777c7r Shari Thornes, City Clerk