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<br />CITY OF CENTERVILLE <br />STATE OF MINNESOTA <br />RESOLUTION 97-14 <br /> <br />AUTHORIZING PURCHASE OF BARETT PROPERTY <br />FROM TAX INCREMENT FINANCING <br /> <br />BE IT RESOLVED BY the City Council ( hereinafter "Council") of the City of Centerville, <br />Minnesota (hereinafter "City") authorize the purchase of the Chauncy J & Violet Barett <br />(hereinafter "Barett") property identified as Lot 13, Aud Sub 48, Rev-Ex S 100 Ft. Ex. S10 ft. <br />and W. 25 ft for Hwy, 23-31-22-24-0007. Commonly known as 7024 Centerville Road, and <br /> <br />WHEREAS, the City desires to accommodate the senior housing needs of the community, and <br /> <br />WHEREAS, the Council has heretofore approved a purchase agreement between the "City" and <br />the "Barett" family, and <br /> <br />WHEREAS, the tax increment district 1-3 has been modified to allow the expenditure to purchase <br />the "Barett" property, and <br /> <br />WHEREAS, "Council" and the "Baretts" have set a closing date on July 31, 1997 to acquire the <br />"Barett" property, and <br /> <br />NOW, THEREFORE BE IT RESOLVED that the "Council" of the "City" authorize the purchase <br />of the "Barett" property by use of tax increment district 1-3 expenditure. <br /> <br />FURTHER, BE IT RESOLVED, the tax increment expenditure shall take place on July 31, 1997. <br /> <br />ADOPTED BY CENTERVILLE CITY COUNCIL ON THIS 23, DAY OF JULY, 1997. <br /> <br />~~~... <br />Tom Wilharber, Mayor <br /> <br />ATTEST: <br /> <br />&Jf Ju1 ~ftcuL <br />Ry-~el Gaustad, City Clerk <br /> <br />... ,41:. <br />