110487 CC SP Min
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CI'lY OF SIDRFl'\UD
SPECIAL CDUNCIL MEETING
WEOOESDAY, NJVBVBER 4, 1987
CDUNCI L <lIAlVBERS
5755 CXXJNlRY CLUB RQ\D
8:00 P.M.
MINUTES
Q\LL 10 ORDER
The Special Council Meet ing of the Shorewood Ci ty Council was called to
order at 8:00 p.m., Wednesday, November 4, 1987, in the Council Chambers
by Mayor Rascop.
roLL CALL
Present:
Mayor Rascop, Councilmembers Stover, Gagne, Brancel and
Haugen
Staff:
City Attorney Glenn Froberg
SALE OF PROPERlY AT 5795 CXXJNlRY CLUB RQ\D
City Attorney Froberg presented an offer from Victoria Ayres to purchase
the property. The terms of the offer included a purchase price of
$112,900.00, with a cash do\v.n payment of $11,290.00 and the balance of
$101,610.00 payable in monthly installments of $845.00 over a four-year
period at an interest rate of ten percent (10%) per annum. Additional
tenus called for the seller to pay special assessments at closing and real
estate taxes for 1988 to be prorated. It was also revealed that the
buyer, Victoria Ayres, is a British National. After lengthy discussion,
it was moved by Haugen, seconded by Stover, that a verification of the
alien status of the buyer be obtained, and if acceptable, a counter offer
be made~ containing conditions more suitable for the City. Motion carried
4 Ayes, 1 Nay (Brancel).
ADJCURNvmr
Rascop GDved, seconded by Gagne, to adjourn the meeting at 9:30 p.m.
rv'btion carried unani\'IDusly.
RESPF.CrRJLLY SUB.'vU'ITED,
\
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Rober Rascop, Mayor
Glenn Froberg
Ci ty At torneys