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Legal Notices

Posted on: June 14, 2017

Resolution 17-063: Acquisition of Real Property

Resolution 17-063 - Resolution authorizing the Acquisition of Real Property for the City & County Government Center; authorizing the Expenditure of Funds and Exchange of Property for the Purchase of the Real Property, and authorizing the Documents to effectuate the Terms and Intent of this Resolution
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Be It Resolved by the City Council of the City of Brookings, South Dakota (the “City”), as follows:

Whereas, the City of Brookings is authorized to acquire real property pursuant to South Dakota Codified Law § 9-12-1(2); and

Whereas, the City has determined that in order to acquire additional, necessary land for the Intergovernmental Administration Building, it is necessary and desirable to acquire the real property located at 205 – 6th Avenue, 211 – 6th Avenue and 519 Front Street, all in Brookings, South Dakota, and described as follows:
Lots Nine (9), Ten (10) and Ten “A” (10A) in Block Three (3) of First Addition to the City of Brookings, County of Brookings, State of South Dakota; and

Whereas, the real property described herein is being acquired by the County of Brookings and the City of Brookings for the City & County Government Center to be owned by each governmental entity in equal undivided shares, and will be utilized and operated pursuant to the terms of a Joint Powers Agreement between the County of Brookings and the City of Brookings; and

Whereas, the total cost of the real property shall not exceed the cash sum of Six Hundred Seventy-five Thousand and no/100 ($675,000) Dollars, together with the conveyance of two (2) surplus municipal lots whose total value is approximately $75,000, in exchange for the above-described property, with fifty-two percent (52%) of said cost paid by the County of Brookings at closing, and forty-eight (48%) of said cost paid by the City of Brookings; and

Whereas, the City of Brookings intends to complete the transaction set forth herein pursuant to terms, agreements and documents consistent with this Resolution, including the completion of real estate exchange procedures in accordance with SDCL 6-5-4 with respect to the surplus municipal lots, together with such other documents as are necessary to effectuate the terms and intent of this Resolution

Now, Therefore Be It Resolved that
1. The real estate transactions set forth herein are hereby authorized subject to further procedures to complete the exchange of real estate, and

2. The Mayor, City Manager, City Clerk and City Attorney are hereby authorized to execute on behalf of the City the documents required to complete the transactions described herein, consistent with the terms of this Resolution in a manner satisfactory to the City Manager.

Dated this 13th day of June, 2017.

CITY OF BROOKINGS, SD

Keith W. Corbett, Mayor
ATTEST:

Shari Thornes, City Clerk

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