Title
A Resolution to Rescind Resolutions 18-1149-RES A Resolution Approving the Sale of the Cactus Cafe/Historic Foley Bakery Building, 18-1175-RES A Resolution Amending Resolution 18-1149 and 18-1293 A Resolution Amending Resolution 18-1149 Approving the Sale of the Cactus Cafe/Historic Foley Bakery Building
Summary
Description of Topic: (who, what, where, when, why and how much)
Resolutions 18-1149, 18-1175 and 18-1293 approved the sale of the Cactus Cafe/Historic Foley Bakery Building to Azalea Fund. Azalea Fund was unable to follow through with the purchase. Resolutions 18-1149 and 18-1175 must be rescinded.
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 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 #_________________
_____ 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, Resolutions 18-1149, 18-1175 and 18-1293 approved the sale of the Cactus Cafe/Historic Foley Bakery Building to Azalea Fund/Alston Laurel NE, LLC, and
WHEREAS, Azalea Fund/Alston Laurel NE, LLC was unable to follow through with the purchase,
THEREFORE, Resolutions 18-1149, 18-1175 and 18-1293 must be rescinded.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Rescinds Resolutions 18-1149,18-1175 and 18-1293.
SECTION 2: This Resolution shall become effective immediately upon its adoption as required by law.