BY COUNCILOR GILBERT:
The city of Duluth does ordain:
Section 1. That the city of Duluth hereby conveys by quit claim deed the following-described real property in St. Louis County, Minnesota, to A.W. Building, LLC, for the sum of $45,000, payable to Fund 262, Agency 020: Lots 5 through 8, Block 16, Oneota Duluth and Lots 1 through 5, Block C, West Duluth Seventh Division.
Section 2. That this ordinance shall take effect and be in force 30 days from and after its passage and publication.
STATEMENT OF PURPOSE: The purpose of this ordinance is to authorize the conveyance of city-owned property described above. This vacant industrial site was acquired and cleared using housing and urban development (HUD) community development block grant (CDBG) funds and has been on the market since April of 2004. This is the highest and most reasonable offer we have received for the property during the past year. The proceeds of this sale will be returned to the city’s CDBG for reprogramming. HUD does not allow for the use of CDBG funds to “land bank.”