The City of Monticello, Iowa
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA
RESOLUTION #2021-102
Resolution approving purchase of home at 449 North Sycamore Street and authorizing City Administrator to Close Real Estate Transaction
WHEREAS, The City Council previously authorized the City Administrator to pursue the purchase of the property located at 449 North Sycamore Street in Monticello after discussing the purchase during closed session on 7/19/2021, and
WHEREAS, The City Administrator has negotiated the purchase of said property with the property owner and presents the final purchase agreement and closing statement to the Council for final approval, and
WHEREAS, The City Council finds that the terms of the purchase agreement are substantially consistent with the terms agreed to by the City Council during the closed session of 7/19/2021 and finds all other provisions including those related to the abatement of taxes and continued possessory rights past the closing date to be agreeable.
NOW, THEREFORE, BE IT RESOLVED that the City Council of Monticello, Iowa does hereby authorize the City Administrator to accept a deed and to close on the property located at 449 North Sycamore Street and to expend those sums set forth within the Closing Statement attached hereto.
IN TESTIMONY WHEREOF, I have hereunto subscribed my name and caused the Great Seal of the City of Monticello, Iowa to be affixed hereto. Done this 7th day of September, 2021.
Brian Wolken, Mayor
Attest:
Sally Hinrichsen, City Clerk