HomeMy WebLinkAboutResolution 2024-44 Closing Authorization BredahlCity of Corcoran
County of Hennepin
State of Minnesota
RESOLUTION NO. 2024-44
Motion By: Bottema
Seconded By: Vehrenkamp
Apri125, 2024
A RESOLUTION AUTHORIZING CLOSING ON THE SALE OF CERTAIN REAL PROPERTY
WHEREAS, the City of Corcoran owns a certain parcel of undeveloped land within the City of
Corcoran, described on the attached Exhibit A (the "Subject Property"); and
WHEREAS, the City Council previously approved and authorized execution of a purchase
agreement between the City of Corcoran (the "City") and Barry Bredahl ("Buyer"), contemplating
terms of sale of the Subject Property. Said purchase agreement was fully executed on December
181 20230 and
WHEREAS, Buyer has completed all due diligence for the purchase and the City and the Buyer
now desire to close on the purchase and sale of the Subject Property to Buyer and authorize the
Mayor and the Administrator or their respective designees to execute any and all documents
necessary and proper to facilitate closing of the transaction.
NOW THEREFORE BE IT RESOLVED, the City Council of the City of Corcoran hereby
authorizes City staff to close on the sale of the Subject Property and further authorizes the Mayor
and the Administrator or their respective designees to execute any and all documents necessary
and proper to facilitate closing of the transaction to sell the Subject Property to Buyer.
VOTING AYE
® McKee, Tom
® Bottema, Jon
® Nichols, Jeremy
® Schultz, Alan
® Vehrenkamp, Dean
VOTING NAY
❑ McKee, Tom
❑ Bottema, Jon
❑ Nichols, Jeremy
❑ Schultz, Alan
❑ Vehrenkamp, Dean
Whereupon, said Resolution is hereby declared adopted on this 25t'' day of April, 2024.
Tam M�K"ee —Mayor
ATTEST:
Michlelle Friedrich —City Clerk
City Seal
City of Corcoran
County of Hennepin
State of Minnesota
RESOLUTION NO. 2024=44
EXHIBIT A
The "Subject Property"
Apri125, 2024
Outlot A, Snyders Rolling Hills 3rd Addition, according to the recorded plat thereof, Hennepin
County, Minnesota (the "Subject Property")