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DORSEY & WHITNEY <br /> A P.erw-011 I.......Paor .....L CO.—... <br /> 350 PASS AVENUE 220 SOUTH SIXTH STREET 201 FIRST ANENVE,S.W.,SUITE 340 <br /> NEW YORE,NEW YORK 3002E ROCHESTER,MINNESOTA 55902 <br /> (212)415-9200 MINNEAPOLIS, MINNESOTA 55402-1498 (507)288-3156 <br /> 1330 CONNECTICUT AVENUE,N.W. (612) 340-2600 1200 FIRST INTERSTATE CENTER <br /> WASHINGTON,D.C.20036 TELEX 29-0605 BILLIROS,-MONTANA 59103 <br /> (202)857-0700 (406)252-3800 <br /> FAX(612)340-2868 — <br /> 3 ORACECHURCH STREET '507 DAVIDSON BUILDING <br /> LONDON EC3Y OAT,ENGLAND OREAT PALLS,MONTANA 59401 <br /> 44-71-929-3334 (406)727-3632 <br /> 36,RUE THONCHET WII I�l"r�� R.SOM 127 EAST FRONT STREET <br /> 75009 PARIS,FRANCS (61A 340-2969 MISSOULA,MONTANA 39802 <br /> 33-1-42-66-59.49 (406)721-6025 <br /> 35 SQUARE DE MEEUS 801 GRAND.SUITE 3900 <br /> B-1040 BRUSSELS,BELGIUM DEB MOIRES,IOWA 50309 <br /> 32-2-504-46-11 June 30, 1993 (515)283-1000 <br /> Mr. Thomas D. Burt <br /> City Manager <br /> City of St. Anthony <br /> 3301 Silver Lake Road <br /> St. Anthony MN 55418 <br /> RE: 27th & Coolidge Lots <br /> Dear Tom: <br /> You have asked my opinion regarding the legal requirements and procedures <br /> applicable to the.sale of the newly created residential lots in the vicinity of 27th & <br /> Coolidge. <br /> There is no legal requirement that the lots be sold by bid. The Uniform <br /> Municipal Contracting Law excludes real property from bidding requirements. <br /> Since bids are not necessary, the Council may pass a resolution approving a sale and <br /> directing you and the Mayor to execute the necessary purchase agreement and <br /> conveyance. Thus, you could solicit offers from prospective purchasers, and after <br /> review by you and the Council, determine what offer the Council is willing to <br /> accept. This can either be done by holding the property open for sale on the market <br /> for some period of time, or you could arrange to have an auction in which you <br /> solicited sealed bids. <br /> The decision of whether or not to simply solicit offers without sealed bids, or <br /> to have an auction with formal bids, is entirely up to you and the Council. In either <br /> case, I should probably review any proposed purchase agreement before it is <br /> approved by Council resolution and signed. If you would like to solicit formal bids, <br /> I can provide you with the form of bidding instructions. <br />