HomeMy WebLinkAboutResolution No. 063-03 � -
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• RESOLUTION
BE IT RESOLVED by the Common Council of the City of Rochester that the City enter
into an option agreement with Dan Penz for the sale of Lots 3, 4 and 5, Elton Hills Business Park
with the following conditions:
1. Purchase price of$171,000
2. No billboards on the property
3. No adult entertainment establishments
4. Soils correction on Lot 5 only in an amount not to exceed $10,000
5. Taxes prorated to date of closing
6. Execution of necessary quitclaim documents by the buyer for Lots 5, 6 and 7, Block 3,
Willow Center Subdivision
The Mayor and City Clerk are authorized to execute the option agreement on behalf of
the City.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
�ROCHESTER, MINNESOTA, THIS DAY OF 2003.
/ SIDENT OF SAfb COMMON COUNCIL
ATTEST:
ITY CLERK
APPROVED THIS _ DAY OF 2003.
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
Res2000\Purchase.land 14