Consider and take action on Resolution No. 19-12, approving purchase of property located at 317 6th Street North. 

The TCEDC has the opportunity to purchase the property located at 317 6th Street from Neil Bronstein for the amount of $165,000 plus closing costs. The building is 5,500 square feet which has been vacant for many years and the owner has been unsuccessful in attracting a long-term tenant. Currently, it is divided into 3 buildings.  By purchasing the property, we feel the TCEDC would be able to offer incentives that will attract one or more businesses into this space as we have been able to do with other properties. City staff recommends approval of an amount not to exceed $170,000 to cover the purchase price and all closing costs associated with purchase. The building is in the process of being inspected.