00-0682R

RESOLUTION AUTHORIZING PURCHASE AGREEMENT WITH MINNESOTA DEPARTMENT OF MILITARY AFFAIRS FOR THE PURCHASE OF PROPERTY ON PARK POINT FOR $104,500.

BY COUNCILOR FENA:

RESOLVED, that the proper city officials are hereby authorized to enter into a purchase agreement, a copy of which is on file in the office of the city clerk as Public Document No. ______________, with the state of Minnesota department of military affairs for the purchase of the following-described property on Park Point in St. Louis County, Minnesota, for the sum of $104,500, payable from Fund 450, Agency 015, Org. 2000, Line Item C012:

Lots 106 through 120, even numbered lots, UPPER DULUTH DIVISION, St. Louis Avenue, including riparian rights.
RESOLVED, that the proper city officials are hereby authorized to execute such documents as are necessary to complete said transaction.

STATEMENT OF PURPOSE: The purpose of this resolution is to authorize a purchase agreement with the state of Minnesota department of military affairs to purchase eight lots of property fronting on St. Louis Bay generally between 13th and 14th Streets South on Park Point. This is property which has been held for years by the state but has recently been determined to not be necessary for the department's needs for the foreseeable future.

The city has been asked to purchase the property for possible inclusion in the Duluth Boat Club's proposed project on Park Point. The administration has determined that the purchase would constitute a sound purchase for the city, whether or not the boat club project proceeded.