Title
AN ORDINANCE DECLARING CERTAIN REAL PROPERTY NOT PRESENTLY NEEDED FOR MUNICIPAL PURPOSES AND AUTHORIZING THE SALE OF THE SAME
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
Mira Sree, LLC wished to purchase the 10 acre parcel west of the CAFFM property for the purpose of constructing a National Hotel.
SOURCE OF FUNDING:
Please provide the amount requested: ____________
Is this a budgeted item? Yes /No
Please provide the budgeted amount: $_____________ Account No. ___________________________
If budgeted, is this a capital purchase, capital project, or special fund? _________________________
Was this item included in the Fiscal Year Capital Projects Plan? Yes/No
If yes, please provide the amount included in Capital Projects Plan: $___________
Body
BE IT ORDAINED BY THE CITY COUNCIL OF FOLEY, ALABAMA AS FOLLOWS:
Section 1. It is hereby found, established and declared that certain real property generally described below is not presently needed for public or municipal purposes, to-wit:
10 Acre (C) irregular part of Parcel 1 Wilson Pecan Property Minor Subdivision Slide 2497-F (Re-subdivision of Slide 2434-A), described as from the Northwest corner of Subdivision lot for Point of Beginning, then East 688’ South, thence, South 684’ South, thence West 688’ South, thence North 685’ South to the Point of Beginning less a strip 60’ wide along the North side of said parcel lying in the City of Foley S4-T8S-R4E (WD). Tax Parcel ID Number 05-61-02-04-0-000-012.000.
Section 2. It is further hereby found, established and declared that it is in the best interest of the public and the City of Foley, Alabama to sale said real property upon such terms as set forth in the “Bullet Points” agreement and as the Mayor and legal counsel deem appropriate and acceptable.
Section 3. That the Mayor and the City Clerk are hereby authorized and directed to execute and attest an Agreement approved by the Mayor and legal counsel and to take any and all other actions they deem necessary or prudent to effectuate the sale of said property.
Section 4. That all prior actions taken by the Mayor, City Clerk, City employees and agents and the City’s legal counsel in connection with the negotiation, execution, and delivery of this Ordinance are hereby ratifies, approved and affirmed.
Section 5. This Ordinance shall become effective upon its publication as required by law.