Title
A Resolution to Accept Offer to Purchase Real Property at the Appraisal Value
Summary
Description of Topic: (who, what, where, when, why and how much)
HOTH Investments LLC is requesting to purchase a City owned small single family lot on Azalea Avenue at the appraisal value of $14,000
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**
____ Budgeted under account #______________ for $_________ and described in budget as ________________________. Additional amount needed, if any: Increase in budget of $_________ OR, transfer of $________ from Account #____________ to Account #_____________**Request to Increase OR Request to Transfer 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 #_________________
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________.
_____ No, requesting an increase of $___________ to an already approved project titled ________________________ that is being tracked under Account No. ___________________.
Body
WHEREAS, HOTH Investments, LLC is requesting to purchase a City owned small single family lot on Azalea Avenue at the appraisal value of $14,000.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Accepts the offer of purchase from HOTH Investments, LLC for a single family lot further described as 0 Azalea Avenue Lot 4 Block 8 Beulah Heights in Foley, Alabama (Tax Map Parcel ID# 05-54-08-33-1-000-008.000 PPIN# 18686) for the appraisal value of $14,000.
SECTION 2: This Resolution shall become effective immediately upon its adoption as required by law.