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RESOLUTION 09 -16 <br />\.. RESOLUTION REGARDING CITY LIBRARY <br />REAL ESTATE ACQUISITION <br />CITY OF PEQUOT LAKES <br />STATE OF MINNESOTA <br />WHEREAS, the City of Pequot Lakes (the "City ") has determined that it would be <br />desirable to expand the current capacity and size of the City Library; and <br />WHEREAS, the City has identified a building located at 31069 County Road 112, Pequot <br />Lakes, MN 56472 and commonly known as the Little Pine Plaza (the "Subject Property") which <br />would meet the needs for purposes of expanding the City Library; and <br />WHEREAS, the Pequot Lakes Planning Commission has reviewed the acquisition and <br />has determined it is consistent with the City's Comprehensive Plan. <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />PEQUOT LAKES, MINNESOTA: <br />1. The City of Pequot Lakes authorizes the City Attorney to prepare the necessary <br />documents for the acquisition of the Subject Property and authorizes the Mayor <br />S4.1 and City Clerk or Deputy City Clerk to execute said documents, including an <br />Agreement with all parties that currently have an interest in the Subject Property, <br />and all other documents necessary to close said transaction. The purchase price <br />for the Subject Property is $187,386.26. <br />Adopted by the City Council this 23`d day of June, 2009. <br />Nancy Adams, Mayor <br />Sandy Peine, City Clerk <br />L <br />