BY COUNCILOR STOVER:
The city of Duluth does ordain:
Section 1. That the proper city officials are hereby authorized to sell and convey the following described property in St. Louis County, Minnesota, as shown on Public Document No. __________ by quit claim deed, to LSPT, a limited liability company, under the Laws of the State of Delaware for $3,500 to be deposited in General Fund 100-700-1420-4640, and to execute all documents necessary with regard to said conveyance:
Commencing at the point of intersection of the southerly line of Grand Avenue with the easterly line of Lot 6, Block 93, ADDITION TO ONEOTA; thence in a southerly direction along the easterly line of said Lot 6, a distance of 110.85 feet to Point of Beginning; thence continue along the easterly line of said Lot 6, extended, a distance of 50 feet to the point of intersection with the northerly line of the right-of-way of the former Northern Pacific Railway Company; thence deflecting 89° 46' 32" to the right onto and along aforesaid northerly right-of-way line of the Northern Pacific Railway Company a distance of 14.69 feet to a point; thence deflecting to the right at an angle of 46° 18' 54" and continuing westerly along the east-west center line of Section 7, Township 49, Range 14 a distance of 69.14 feet to a point; thence deflecting 133° 41' 6" to the right a distance of 62.25 feet along a line parallel with and 50 feet distant from said northerly right-of-way line of the former Northern Pacific Railway Company to Point of Beginning and there terminating. ALL SUBJECT to easements of record.
Section 2. That this ordinance shall take effect 30 days from and after its passage and publication.
STATEMENT OF PURPOSE: The purpose of this ordinance is to authorize the conveyance of a small piece of property approximately 1900 square feet in size (see map), which is surplus to the city’s needs, to the adjacent property owner (i.e. LSPT, LLC; Tim Pichetti, managing member). The city acquired this property from the Burlington Northern Railroad (BN) in 1986 when the BN ceased using this property. The adjacent property owner operates a used car sales business and the city’s best interests are served by selling this property to the adjacent property owner.
Tax base impact summary: The tax impact of this transaction will be deminimus.