RES 12-47CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2012-47
RESOLUTION AUTHORIZING CITY OFFICIALS TO EXECUTE
PURCHASE AGREEMENT FOR SALE OF CITY OWNED PROPERTY -
BLOCK 78, OTSEGO TOWNSITE
WHEREAS, the City has previously declared the City owned parcel described as
Block 78, OTSEGO TOWNSITE as surplus property; and
WHEREAS, the City has authorized listing for sale of the property; and
WHEREAS, written offers and signed Purchase Agreements for the property have
been received and reviewed by City staff; and
WHEREAS, the highest offer received was from Michael and Paula Gaddis in the
amount of $43,000.00.
NOW, THEREFORE BE IT RESOLVED by the City Council of the City of
Otsego as follows:
That the Mayor and City Clerk are hereby authorized to execute on behalf of
the City a Purchase Agreement for the sale of Block 78, OTSEGO
TOWNSITE with Michael and Paula Gaddis for the stated purchase price of
$43,000.00.
ADOPTED this 29`h day of May, 2012 by the Otsego City Council.
MOTION BY: CM SCHARBER
SECONDED BY: CM HEIDNER
IN FAVOR: MAYOR STOCKAMP; COUNCILMEMBERS: SCHARBER, HEIDNER, DARKENWALD AND
SCHROEDER
OPPOSED: NONE
CITY OF OTSEGO
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Tami Loff, City Clerk