Title
AN ORDINANCE DECLARING CERTAIN REAL PROPERTY NOT PRESENTLY NEEDED FOR MUNICIPAL PURPOSES AND AUTHORIZING THE SALE OF THE SAME (Historic Foley Bakery/Cactus Cafe Building)
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
Katapult Properties (Retail Markets Group, LLC) wishes to purchase the Historic Foley Bakery/Cactus Cafe Building.
Council to consider suspending the rules for the immediate adoption of this Ordinance.
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:
Historic Foley Bakery/Cactus Cafe Building
Lots 9,10,11, and 12 in Block 10 in the City of Foley, according to the plat of record in the office of the Judge of Probate of Baldwin County, Alabama in Map Book 1, page 25. Tax Parcel ID Number 05-54-09-29-1-101-014.000
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 attached Purchase and Sale 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.