Title
A Resolution Approving And Authorizing Certain Action By The City Of Foley, Alabama And Constituted Authorities Thereof With Respect To Establishment Of A Sports Complex And Event Center In The City Of Foley, Alabama.
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
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
A RESOLUTION APPROVING AND AUTHORIZING CERTAIN ACTION BY THE CITY OF FOLEY, ALABAMA AND CONSTITUTED AUTHORITES THEREOF WITH RESPECT TO ESTABLISHMENT OF A SPORTS COMPLEX AND EVENT CENTER AND RELATED FACILITES IN THE CITY OF FOLEY, ALABAMA
BE IT RESOLVED BY THE CITY COUNCIL (the “Council”) OF THE CITY OF FOLEY, ALABAMA (the “City”), as follows:
Section 1. Determinations
Upon evidence duly presented to and considered by it, the Council has found and determined, and does hereby find, determine and declare that it is necessary, desirable, and in the public interest that:
(a) the following capital improvements (collectively the “Projects”) be established in the City pursuant to the transactions referenced in this Section 1 (b) through (d), inclusive (collectively the “Sports Complex/ Event Center Transactions”):
(i) public meeting, entertainment, event, and recreational facilities, including without limitation facilities or facility to serve as an auditorium, music hall, art center, athletic fields and sportsplex, and related municipal buildings for community activities of every kind and nature;
(ii) buildings, facilities and improvements for the accommodation of visitors and users to the faci...
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