HomeMy WebLinkAboutResolution 025-2006 RESOLUTION NO. 25-06
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 express purpose of furthering economic growth and development of
the City of Brookings, South Dakota,the City of Brookings desires to purchase the following
described property:
North One-half of the Southeast Quarter(N%ZSE%4)of Section Eighteen
(18) except Lots H-1 and H-4 thereof and except that portion of the East
Seven Hundred Twenty Feet(E 720') of the South Fourteen Hundred
Fifty Feet(S 1,450') of the Southeast Quarter(SE'/4)of Section Eighteen
(18)which is a part of the North One-half of the Southeast Quarter
(N%ZSE'/4)thereof in Townshi� One Hundred Ten(110)North,Range
Forty-nine(49)West of the St P.M., County of Brookings, State of South
Dakota, and
WHEREAS,the property has been offered to the City pursuant to a Real Estate
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 Real Estate Purchase Agreement with Brad A. Svennes and Judy
Svennes 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 Real Estate Purchase Agreement and other required
documents in accordance with this Resolution.
Passed and approved on the 14th day of March, 2006.
CITY OF BROOKINGS:
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�'�•' ''•g o D unsterman, Mayor
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��°l ornes, City Clerk