09-08-99 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL SEPTEMBER 8, 1999 Both the City Attorney and City Administrator advised Wild North LLC that they should follow up on this matter since the City will expect that this assessment is paid. LaValle indicated that he will not support the purchase agreement as presented since he feels the property at 2620 and 2580 Rice Street should be appraised prior to the City's purchasing these sites. Fahey asked if the City has verified what Wild North paid for 2620 and 2580 Rice Street noting that the purchase agreement indicates that the City will pay the same price as the properties were acquired for. The City Administrator reported that Wild North has submitted copies of the purchase agreements for these properties. However, other documents will have to be submitted to verify these prices. The Administrator also pointed out that R. 7. Marco Construction will be reimbursing the City for the cost of these properties. While TIF assistance will be utilized on the car wash site, it will not be used on the 2620 and 2580 Rice Street sites. R. J. Marco will pay the first $345,000 of land acquisition costs. Fahey asked if the prices indicated are those that Wild North paid for 2620 and 2580 Rice Street. Jay Reiling replied that they were. LaValle asked if there is currently a tenant in the metal building. Reiling replied that there was not. He indicated that he had a rental agreement with someone. However, the City had indicated that the use was not in compliance with the zoning of the property. The City Administrator indicated that the tenant who had been in the building was not legally occupying the space. Mr. Morelan introduced the following resolution and moved its adoption: RESOI.DTION NO. 99-9-241- APPROVING THE PURCHA,SE AGREEMENT I3ETWEEN THE CITYAND WII,D NORTHLLCAS RECOMMENDED ]3Y THE CITYADMINbSTR,9TOR AND AUTHORIZING THE MAYOR AND CITYADMINISTRATOR TO EXECUTE THE PDRCHASE ACREEMENT ON BEHALF OF THE CITY WITH THE INDICATION THAT THE ASSESSMENT FOR THE DEMOLITION OF THE HOUSE AT 2620 RICE STREET IS A COST WHICH WILL HAVE TO I3E PAID AND WII.I, NOT BE ABSORBED 73Y THE CITY AS PART OF THIS TRANSACTION The foregoin~; resolution was duly seconded by Scalze.