HomeMy WebLinkAbout1981-05 06-08 CCO CITY OF BROOKLYN CENTER
ORDINANCE NO. 81 -5
AN ORDINANCE AMENDING THE BROOKLYN CENTER CITY
CHARTER
THE CITY COUNCIL OF THE CITY OF BROOKLYN CENTER DOES ORDAIN AS
FOLLOWS:
Section 1. Chapter 12 Section 12.05 is hereby amended
as follows:
Section 12.05. SALES OF REAL PROPERTY. No real property
of the City shall be disposed of except by ordinance.
The proceeds of any sale of such property shall be used,
as far as possible, to retire any outstanding indebted-
ness incurred by the City in the purchase, construction,
or improvement of this [or other] property,[used for
the same public purpose. If there is no such outstanding
indebtedness; the Council may by resolution designate
some other public use for the proceeds.] T 7henever the
outstanding indebtedness against the sold property has
been satisfied, the remaining proceeds shall be used for
any of the following purposes:
(1) Purchase additional real property or construct
or make improvements on existing City owned
real property.
(2) Reduce indebtedness on other City owned real
property.
(3) Establish a reserve for future acquisition or
improvement of real property.
Section 2. This ordinance shall become effective after
publication and ninety (90) days following its adoption.
Adopted this 8th day of June 19 81
ATTEST:
Clerk
Published in the official newspaper_ 4 -30 -81
Effective Date Q_F -Ri
[Brackets indicate matter to be deleted, underline indicates new
matter.]
(Published in the Brooklyn Center Post March 19, 1981.)