HomeMy WebLinkAboutResolution No 2025 - 04 Surplus of Real Property 195 E 1st SInstrument # 468035
REXBURG, MADISON, IDAHO
5-23-2025 11:05:15 AM No. of Pages: 2
Recorded for: CITY OF REXBURG
KIM H. MUIR Fee: 0.00
Ex-Officio Recorder Deputy
A RESOLUTION DECLARING SURPLUS PROPERTY
LOCATED AT 195 E 1ST S
Resolution No 2025 — 04
A RESOLUTION OF THE CITY OF REXBURG MAKING FINDINGS;
DECLARING INTENT TO SELL CERTAIN REAL PROPERTY; DECLARING IT
IS IN THE BEST INTEREST OF THE CITY TO SELL CERTAIN REAL
PROPERTY; DECLARING FAIR AND REASONABLE CONSIDERATION; AND
DIRECTING THE CLERK TO PUBLISH NOTICE OF THIS ACTION AND TO
SET A PUBLIC HEARING ON THE INTENT TO SELL CERTAIN REAL
PROPERTY.
WHEREAS, the City of Rexburg was duly formed and exists under and by virtue
of Article XII of the Constitution of the State of Idaho and Title 50 of the Idaho
Code; and
WHEREAS, the City of Rexburg owns the real property located at 195 E ist S,
Rexburg, Idaho, as described on Exhibit A attached and incorporated herein and
hereinafter referred to as "Real Property"; and
WHEREAS, the City of Rexburg has the power and authority pursuant to Idaho
Code Section 50-1401 to sell, exchange or convey any real property owned by the
City, which is underutilized, or which is not used for public purposes; and
WHEREAS, Chapter 14 of Title 50 Idaho Code prescribes a procedure to be
followed regarding the disposition of city real property; and
WHEREAS, the City Council have caused a contracted appraiser to determine a
fair and reasonable purchase price for the Real Property; and
WHEREAS, it is necessary in order for the City Council to complete the process
of their intention to sell the Real Property as provided in Idaho Code Section 50-
1402 that it may or may not declare a value and shall provide notice and hold a
public hearing; and
WHEREAS, it is the intention of the City Council to sell the Real Property and
set the public hearing date of May 21, 2025, and it directs the City Clerk to
provide notice of its intention and of the public hearing.
NOW THEREFORE, BE IT RESOLVED by the Mayor and the City
Council of The City of Rexburg that:
The City Council finds and declares that the Real Property is no longer useful to
the City and is underutilized and not used for public purposes; and declares their
intent to sell said Real Property by sealed bid.
The City Councils declares that an appraisal of the property will determine the
fair market value of the property.
The City Council hereby set a public hearing where any person my appear and
show cause that a sale of the Real Property should or should not be made at a
meeting of the City Council to be held on May 21St , 2025 at 6:30 p.m. in the
Council Chamber, Rexburg City Hall.
The City Clerk was directed to cause notice of the public hearing was published in
the official newspaper not less than fourteen (14) days prior to the hearing.
RESOLVED this 21St day of May 2025, by the City Council, City of Rexburg,
Idaho.
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GNED BY, erry Merrill, Mayor
ATTEST:
I hereby attest that the abov is copy of a Resolution passed at a regular
meeting of the Rexburg City Council, City of Rexburg, held on May 21., 2025.
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Deborah Lovejoy, City Cler
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