1.1 	A bill for an act
1.2 	relating to the city of Pennock; authorizing the city to acquire a certain parcel 
1.3 	of real estate and appurtenant building and to expend city funds to improve 
1.4 	the building; authorizing the city to convey the parcel to a private entity to be 
1.5 	operated as a commercial establishment.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. CITY OF PENNOCK; ACQUIRE REAL ESTATE, EXPEND CITY 
1.8 	FUNDS, AND CONVEY TO PRIVATE ENTITY.
 1.9 	The city of Pennock may purchase a certain parcel of real estate in the city consisting 
1.10 	of four city lots and an appurtenant building formerly operated as a convenience store 
1.11 	known as Phil's Corner on the terms and conditions that may be agreed upon between 
1.12 	the city and the current owner of the parcel, and the city may expend city funds to make 
1.13 	necessary improvements to the building. Once acquired and improved and in order 
1.14 	to ensure the continued economic vitality of the city, the city may convey the parcel 
1.15 	and building by sale or lease to a private person, firm, partnership, corporation or other 
1.16 	entity for a nominal consideration or on whatever terms and conditions the city and the 
1.17 	private entity may agree upon in order for the building to be operated as a commercial 
1.18 	establishment.

1.19 	Sec. 2. NO LOCAL APPROVAL; EFFECTIVE DATE.
 1.20 	Under Minnesota Statutes 2004, section 645.023, subdivision 1a, section 1 is 
1.21 	effective without local approval on the day following final enactment.