City Council Meeting Date: June 6, 2017
To: Mayor and City Council
City Administrator
From: Chris Heineman, Community Development Director
Scott Tempel, City Planner
Title
Public Hearing on Sale of Property - 219 Water Street South
Body
Action Requested:
Staff recommends that the Northfield City Council conduct a public hearing on the sale of city-owned property located at 219 Water Street South.
Summary Report:
The City Council directed staff and the City Attorney to prepare a purchase and redevelopment agreement related to the sale of real property located at 219 Water Street South on April 4, 2017. A draft copy of the purchase and redevelopment agreement was provided and is currently under review by the developer and their attorney.
In addition to drafting a purchase and redevelopment agreement, a public hearing is required prior to the sale of City-owned property. The City Charter includes a specific provision dealing with property transactions. According to the Northfield City Charter, Section 15.5. - Sales of Real Property, the sale of property requires a supermajority vote of at least five members of the Council, which may occur only after a public hearing has been held and published notice of the hearing has been given. Section 15.5 of the City Charter reads as follows:
The council may by resolution approved of by at least five (5) members sell or otherwise dispose of any real property of the city. A sale or other disposition of the city's real property may be made only after a public hearing has been held and published notice of the hearing has been given at least ten (10) but not more than thirty (30) days prior to the hearing. The net cash proceeds of the sale of the property shall be used to retire any outstanding indebtedness incurred by the city in the acquisition or improvement of the property. Any remaining net cash proceeds shall be used to finance other improvements in the capital improvement budget or to retire any other bond...
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