HomeMy WebLinkAbout1996-043 Council ResolutionCouncilmember
adoption:
Kuether
introduced the following resolution and moved its
LINO LAKES CITY COUNCIL
RESOLUTION NO. 96-43
RESOLUTION APPROVING THE PAYOFF OF THE CONTRACT FOR DEED
ON THE APOLLO BUSINESS PARK
WHEREAS, The City Council of the City of Lino Lakes ("the City") purchased 36 acres in the
Lino Lakes Industrial Park on January 9, 1992 from James R. and Diane T. Schilling on a
Contract for Deed;
WHEREAS, The City changed the name of the Lino Lakes Industrial Park to the Apollo Business
Park and began marketing the properties to industrial users to further the City's plan for economic
development;
WHEREAS, the due date on the Contract for Deed is January 1, 1997;
WHEREAS, The City has sold enough properties within the Apollo Business Park to pay off the
remaining principle due on the Contract for Deed prior to that date;
NOW, THEREFORE, BE IT RESOLVED by the City as follows:
1. The City's Finance Director is authorized and directed to issue a check for the remaining
principle to James R. and Diane T. Schilling;
2. The City Attorney is authorized and directed to schedule a closing date with the Schillings and
pay off the remaining principle on the Contract for Deed.
Adopted by the Lino Lakes City Council this 22nd day of April, 1996.
John L. Landers, Mayor
ATTEST:
Marilyn G. Anderson, Clerk/Treasurer
The motion for the adoption of the foregoing resolution was duly seconded by Councilmember
Neal and upon vote being taken thereon, the following voted in favor thereof:
Bergeson, Kuether, Lyden, Neal, Landers.
and the following voted against same: none.
Whereupon said resolution was declared duly passed and adopted.