RES 16-49CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2016-49
RESOLUTION AUTHORIZING SALE OF REAL PROPERTY
WHEREAS, the CITY OF OTSEGO has acquired by way of tax forfeit and
currently owns certain real estate described as follows:
LOT 1, BLOCK 1, GREAT RIVER CENTRE OF OTSEGO FOURTH
ADDITION according to the Plat on file and of record at the Office of the County
Recorder, Wright County, Minnesota; and
WHEREAS, THE CITY OF OTSEGO has entered into a Purchase Agreement
with P&F PROPERTIES, INC. to sell it LOT 1, BLOCK 1 GREAT RIVER
CENTRE OF OTSEGO FOURTH ADDITION; and
WHEREAS, pursuant to its Agreements with the CITY, P&F will construct a
manufacturing facility on the property which will bring jobs and additional tax
base to the City; and
NOW, THEREFORE it is hereby resolved by the City Council of the City of
Otsego, Wright County, Minnesota as follows:
The CITY COUNCIL of the CITY OF OTSEGO hereby authorizes the sale
of LOT 1, BLOCK 1 GREAT RIVER CENTRE OF OTSEGO FOURTH
ADDITION to P&F PROPERTIES, INC. according to the terms and
conditions of that Purchase Agreement between the Parties dated December
29, 2015 and amended May 9, 2016.
2. THE CITY OF OTSEGO hereby authorizes the Mayor, City Clerk, City
Administrator and City Attorney to execute any and all documents
necessary to complete the sale of the real property described above.
APPROVED this 9th day of May, 2016 by the Otsego City Council.
Motion to approve made by Council Member warehime and seconded by
Council Member stockamp
IN FAVOR: Stockamp, warehime, Heidner, Darkenwald
OPPOSED: None
CITY OF OTSEGO
Jes Y ca Stockamp, Mayor
Tami Loff, City Clerk
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