HomeMy WebLinkAbout89-042
CITY OF ARDEN HILLS
RAMSEY COUNTY, MINNESOTA
.
RESOLUTION NO. 89-42
RESOLUTION TERMINATING PURCHASE AGREEMENT
WITH KEM MILLING/DARLING AND COMPANY
WHEREAS, the City of Arden Hills has entered into a purchase agreement
with Darling and Company for the purchase of the Kem Milling property
located at 619 - 14th Street NE; and
WHEREAS, the City of Arden Hills has paid to Darling and Company the sum
of $15,000 as earnest money for said proposed purchase; and
WHEREAS, Section 4 of the Purchase Agreement has been amended to provide
that the Buyer, at its discretion, may elect to terminate the Purchase
Agreement on the basis of the environmental audit, providing notice of
such termination is delivered to the Seller in accordance with Section 14
of the Purchase Agreement, on or before 5:00 o'clock P.M., August 2, 1989;
and
.
WHEREAS, after receipt of environmental assessment studies prepared by
Delta Environmental Consultants, Inc., the City has determined that it
would be in the City's best interest to terminate the purchase agreement
eontract until such time as Darling and Company has removed and paid for
disposal of all hazardous materials identified in the Environmental
Assessment studies indicated by Delta Environmental Consultants, Inc.
NOW THEREFORE BE IT RESOLVED by the Arden Hills City Council that the
above referenced purchase agreement between Darling and Company and the
City of Arden Hills, dated June 26, 1989, and amended July 10, 1989, be
hereby terminated effective July 31, 1989.
Adopted by the Arden Hills City Council this 31st day of July, 1989.
CITY COUNCIL
CITY ~ HILLS
By M 1%4/
Thomas R. Sather
Mayor
ATTEST:
~1(~
Gary R. erger
City Administrator
.