HomeMy WebLinkAboutResolution No. 411-03 • RESOLUTION
BE IT RESOLVED by the Common Council of the City of Rochester that the City modify
an option agreement with Dan Penz for the sale of Lots 3, 4 and 5, Elton Hills Business Park so
as to provide additional soils correction to the buyer.
BE IT FURTHER RESOLVED that the City sell the above-described land 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 $20,000
5. Taxes prorated to date of closing M
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 amended option agreement, the
necessary quitclaim documents and any other documents required by this resolution on behalf of
the City.
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PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS DAY OF , , 2003.
PRESIDENT OF SAID COMMON COUNCIL
ATTEST:
ptPutt-- CITY CLE
APPROVED THIS a DAY OF C lu , 2003.
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
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