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Resolution 17-107

MOTION FAILED

The City of Monticello, Iowa

IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA

RESOLUTION # 17-107

Resolution to approve proposal related to City owned lot located at 224 N. Chestnut Street and to direct staff to negotiate agreement with Norm Zimmerman.

WHEREAS, the City Council previously directed that proposals be sought from parties interested in the purchase of the City owned property located at 224 N. Chestnut Street, and

WHEREAS, notice was published for two consecutive weeks in the Monticello Express seeking proposals, and

WHEREAS, two proposals were received, and the Council having considered the positive impacts to the community of both projects, including but not limited to the following considerations:

  1. Highest and Best Use of the lot.
  2. Sale price of the lot.
  3. Taxable basis of the lot.
  4. Fit with the neighborhood.
  5. Timing of improvements.

finds that the proposal presented by Norm Zimmerman will bring the greatest return to the City and that the City Administrator should be directed to proceed with the negotiation of a purchase agreement with Norm Zimmerman.

NOW, THEREFORE, BE IT RESOLVED that the City Council of Monticello, Iowa does hereby direct the City Administrator to negotiate the terms of a purchase agreement between the City of Monticello and Norm Zimmerman related to the City owned property at 224 N. Chestnut Street, Monticello, Iowa.

IN TESTIMONY WHEREOF, I have hereunto subscribed my name and caused the Great Seal of the City of Monticello, Iowa to be affixed hereto.  Done this 18th day of September, 2017.

Attest:                                                 Dena Himes, Mayor

Sally Hinrichsen, City Clerk