HomeMy WebLinkAboutResolution 26-33 Authorizing a Budget Amendment to Transfer Funds for the Purchase of 1407 Larpenteur. Ave. W.CITY OF FALCON HEIGHTS
COUNCIL RESOLUTION
Apn122,2026
No.26-33
RESOLUTION AUTHORIZING A BUDGET AMENDMENT TO TRANSFER zuNDS FOR
THE PURCHASE OF !407 LARPENTEUR AVE. W.
WHEREAS, the Falcon Heights City Council authorized the purchase of certain real property
located at 1407 Larpenteur Avenue West (PID: 152923340061) and 0 Larpenteur Avenue West
(PID: 152923340062) in the City of Falcon Heights, County of Ramsep State of Minnesota
(collectively, the "Propefty") from Sarin Homes, LLC ("Seller") during the April 8,2026 City
Council meeting; and
WHEREAS, the agreed-upon as-is purchase price for the property is $300,000, as well as up to
an additional $25,000 to be paid towards closing costs and tax settlements; and
WHEREAS, the City of Falcon Heights will pay for the property with cash on hand from the
General Fund balance; and
WHEREAS, the City of Falcon Heights is seeking authorization to amend the General Fund 101-
4192-97000 account to transfer an amountnot to exceed $325,000 to a newly created expenditure
line item in the Parks/Recreation/Public Facilities Capital Improvements Fund.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Falcon Heights,
Mirmesota:
1. Authorizes the fund transfer of up to $325,000 from Fund 101 to 401.
Fund 101: Transfer Out 101-4L9297000 $325,000
Fund 403: Transfer Lr: 403-39200 $325,000
2. Authorizes the creation of an expenditure line item for the purchase of '1,407 Larpenteur Ave.
w.
Added Line Item in Fund 403: 403-M03-91800
ADOPTED by the Falcon Heights City Council this 22"a day of April,2026
Moved by:G1ts\a Fso.,-...,Approved
C.
GUSTAFSON
MAY
MIELKE
MOGEN
WASSENBERG
5 InFavor Attestedby:
O Against Administrator
75