Title
A Resolution Authorizing the Mayor to Sign Purchase Agreement for Real Property to be Used as a Public Park
Summary
Description of Topic: (who, what, where, when, why and how much)
The City desires to purchase four acres of real property from Robert Breckner in the amount of $35,000 per acre plus $5,000 contributed towards the cost of subdivision for a total cost of $145,000 plus closing costs.
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.**Request to Transfer Departmental Budget Dollars form must be attached**
____ Not budgeted requiring increase to account #___________ in the amount of $____________.**Request to Increase Departmental Budget Dollars form must be attached**
Capital - Departmental **Capital Purchase Worksheet form must be attached**
__x__ Budgeted under account #_208-5030-5102_______ for $_750,000 for park land purchases this year___ and described in budget as _Future park land purchases________. Additional amount needed, if any: Increase in budget of $_________ OR, transfer of $________ from Account #____________ to Account #_____________**Request to Increase OR Request toTransfer Departmental Budget Dollars form must be attached**
____ Not Budgeted - account #__________ requires budget increase of $_____________.**Request to Increase Departmental Budget Dollars form must be attached**
Capital Project - **If requesting to start a project, a Capital Project Worksheet form must be attached**
In current year Capital Projects Plan:
_____ Yes, described as __________________________, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
___X__ No, requesting $_145,000____ as total project estimate, including contingencies, under account #_400-5039-5100 Land Purchase Adjacent to Horse Arena______.
_____ Yes, requesting an increase of $___________ to an already approved project titled ________________________ that is being tracked under Account No. ___________________.
_____ No, requesting an increase of $__________ to an already approved project titled _______________________ that is being tracked under Account No. _________________.
Body
WHEREAS, the City of Foley Desires to purchase real property consisting of four +/- acres that are located on Mills Road and further described as Tax Parcel ID. 05-55-06-24-0-000-066.000 and PPIN# 4501, and
WHEREAS, the purchase of this property for development of a park is a valid use of a portion of the $750,000 budgeted in the Impact Fee Fund for park land purchases, and
WHEREAS, the purchase price for this property is $35,000.00 per acre plus $5,000.00 contributed towards the cost of subdivision by the owner for a total cost of $145,000, and
WHEREAS the closing costs will be split between the City of Foley and the seller of the property.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Approves the purchase of the real property mentioned above in the amount of $145,000.00 plus closing costs not to exceed $2,000 for a total of $147,000.00 under Impact Fund account 208-5030-5102/Land Purchases - Parks.
SECTION 2: Authorizes the Mayor to sign the purchase agreement.
SECTION 3: This Resolution shall become effective immediately upon its adoption as required by law.