HomeMy WebLinkAboutResolution No. 453-17 - PodeinPropertyPurchaseFrom125LiveProject
RESOLUTION
BE IT RESOLVED by the Common Council of the City of Rochester that the City execute a
purchase agreement to acquire the Podein property from 125 Live subject to the terms
referenced above; including a down payment of $100,000 , with the remaining $150,000 being
provided over 15 months at the rate of $10,000 a month commencing January 1, 2018, and
subject to the property being deeded to the City at this time. The purchase agreement will
supersede any terms or conditions in the Memorandum of Understanding or current Podein
Building Use Agreement.
BE IT FURTHER RESOLVED that the Mayor and City Clerk are authorized to execute on
behalf of the City any and all necessary documents required in order to implement this resolution.
BE IT FURTHER RESOLVED that it is the judgment of the Common Council that the
purchase and sale of the real property covered by this resolution has no relationship to the City’s
comprehensive plan. As such, the Council hereby dispenses with the requirement of Minnesota
Statute Section 462.356, Subd. 2 that might require the City Planning and Zoning Commission to
perform a comprehensive plan compliance review of the action described by this resolution.
BE IT FURTHER RESOLVED that the Common Council determines the purchase of the
real property covered by this resolution would promote the public’s health, safety or welfare.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2017.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF ______________________, 2017.
________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
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