Resolutions-2011-43 (2)

CITY OF TIFFIN RESOLUTION 2011- 43 A RESOLUTION TO APPROVE THE PURCHASE OF THE PROPERTIES AT 105 AND 111 COLLEGE STREET WHEREAS, the City of Tiffin ( City) desires to purchase two parcels of real estate in Johnson County, located within the legal boundaries of the City of Tiffin from Tim and Cynthia Spivey Landowners) as legally described on Attached Exhibit "A". WHEREAS, City desires parcels of real estate located at 105 and 111 College Street for the purpose of City use in and near the area for the extension of the Ireland Avenue Extension Project. THEREFORE BE IT RESOLVED, the City Council had offered a sum of $ 155, 000 for the two parcels of real estate to the Landowners with TIF Funds with the properties located in the Urban Renewal District. THEREFORE BE IT RESOLVED, THAT THE City Council of Tiffin, Iowa authorized the Mayor and the City Clerk to execute and conduct all legal matters to facilitate the acquisition of the parcels of real estate. THEREFORE, the City Council had directed the City Attorney to facilitate the transactions involved for the purchase of the real estate on August 26, 2011 and recorded all documents as required by state and county requirements. Council person Mark Petersen introduced for approval Resolution 2011- 43 A RESOLUTION TO APPROVE THE PURCHASE OF THE PROPERTIES AT 105 AND 111 COLLEGE STREET and seconded by Council Person Chris Ball. Ayes: Chris Ball, Mike Gericke, Mark Petersen, Travis Weipert Nays: None AbsentAim Bartels WHEREUPON Four Council members voted and approved Resolution 2011- 43, Mayor Phillips signifies the adoption by affixing his signature thereto. 14th Passed and approved this day September 2011. Attest: GW. Ruth Demuth, City Clerk of Tiffin