The Bemidji City Council, acting as Bemidji Economic Development Authority commissioners, will vote Monday to ratify the language in the purchase agreement for the sale of Northview Manor.
The council will meet at 7 p.m. in the Bemidji City Hall Council Chambers, 317 Fourth St. N.W. The Northview Manor purchase agreement is one of several items on the agenda.
Last winter the council voted to pursue selling the city-owned senior living facility, which is located at 1805 30th St. N.W. At its last meeting on April 3, the council unanimously voted to pursue the sole bid from Tad Sonneman of Arden Hills, Minn.
Sonneman has proposed to buy Northview Manor for nearly $3.63 million. He has also proposed to assume all title clearing and closing costs, including an outstanding special assessment balance of $11,767.
City Finance Director Ron Eischens said that City Manager David Minke signed the purchase agreement Friday morning. The agreement is currently in the process of being reviewed by Sonneman, he said.
On Monday, the council, acting as the BEDA, will vote to approve the wording of the agreement before it is finalized. Eischens said he expects the BEDA will ratify the purchase agreement, and thus allow the selling process to continue.
"Now it's just down to the legal nitty-gritty," he said.
However, Eischens added that even if the purchase agreement is signed by the city and Sonneman, the sale would still not be final.
"It will depend on the purchaser's ability to secure financing and things like that," he said.
If the process continues as planned, Eischens said the sale would be finalized on or before June 30.
Other items on the agenda for Monday's City Council meeting include a discussion on planning for the transition once Minke's resignation become effective May 1, a public hearing on an ordinance establishing pay for Joint Planning Committee members, and the final reading of an ordinance amending the fee schedule to include Industrial Revenue Bond and JOBZ fees.