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98-112 RESResolution 98- 112 A Resolution of the City of Elk River Executing Purchase Agreement and Authorizing Sale of Land Whereas, the City of Elk River is the owner of Lot 1, Block 1, Parkview Addition; and, Whereas, the said land is no longer needed for pubhc purposes and it would be in the best interest of the City to sell said land; and, Whereas, the City has received a Purchase Agreement dated October 5, 1998, from John T. Lenz and Klm M. Lenz, as joint tenants, for the purchase of said land. Whereas, the City beheves that the terms of the Purchase Agreement are fair and reasonable and are a benefit to the City of Elk River. Now, Therefore, be it resolved as follows: The City of Elk River does hereby accept said Purchase Agreement and does hereby agree to sell Lot 1, Block 1, Parkview Addition to John T. Lenz and Klm M. Lenz, as joint tenants, according to the terms of said Purchase Agreement dated October 5, 1998. o That the Mayor and the City Clerk of the City of Elk River are hereby authorized and empowered and directed to execute any and all documents necessary to effect the sale of this land pursuant to the terms of said Purchase Agreement. Adopted by the City Council of the City of Elk River this 12th day of October, 1998. ATTEST: Sandra A. Peine, City Clerk Duitsman, Mayor