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20041214 r-04-80RESOLUTION NO. R-04-80 A RESOLUTION AUTHORIZING THE ACQUISITION OF APPROXIMATELY 8.73 ACRES OF PROPERTY HAVING ADDRESSES OF 10320 RANGER ROAD AND 10400 SHILOH STREET, TAX MAP NUMBERS 47-4-((2))-E AND 47-4-((1))-2C, OWNED BY FAIRFAX MOTEL ASSOCIATES, FOR OPEN SPACE AND PUBLIC PARK PURPOSES. WHEREAS, the City has determined that there is a public need for the acquisition of approximately 8.73 acres of property, having addresses of 10320 Ranger Road and 10400 Shiloh Street, Tax Map Nos. 47-4-((2))-E and 47-4-((1))-2C, which property is owned by Fairfax Motel Associates; and WHEREAS, the properties are valued at a total of $355,465.00; and WHEREAS, the owners have agreed to sell the properties to the City for the sum of One Hundred Thousand and No/100 Dollars ($100,000.00), and to donate the remaining $255,465.00 of the value of the land to the City; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of that the acquisition of approximately 8.73 acres of property, having addresses of 10320 Ranger Road and 10400 Shiloh Street, Tax Map Nos. 47-4-((2))-E and 47-4-((1))-2C, owned by Fairfax Motel Associates, for the sum of One Hundred Thousand and No/100 Dollars ($100,000.00), with the remaining land value of $255,465.00 being donated to the City, is hereby authorized. BE IT FURTHER RESOLVED that the City Manager is attthorized to execute all documents necessary to effectuate the acquisition of the properties on behalf of the City. ADOPTED this 14th day of December, 2004. MAYOR Attest: Vote: Councilwoman Cross Councilman Greenfield Councilwoman Lyon Councilman Rasmussen Councilman Silverthorne Councilmember Winter aye aye aye aye aye aye