Title
AN ORDINANCE AUTHORIZING THE CONVEYANCE OF PROPERTY
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
Development Consulting Inc has requested to purchase property located at the Foley Beach Express Industrial Park.
Body
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FOLEY, ALABAMA (the
"City") as follows:
Section 1. The City has heretofore, upon evidence duly presented to and considered by it, found and determined, and does hereby find, determine and declare that:
(a) The City has heretofore acquired certain real estate located in the Foley Industrial Park on Foley Beach Express, within the corporate limits of the City. Certain of
such real estate has been conveyed to The Industrial Development Board of the City of Foley, Alabama (the"IDB") and shall be re-conveyed by the IDB to the City for purposes hereof.
(b) Development Consulting, Inc., an Alabama corporation (the "Corporation"), has requested the City to sell and convey title in fee simple in and to the real estate
described on Appendix A (collectively, the "Property") in the Foley Industrial Park to the Corporation for the location thereon of corporate offices and distribution and service
facilities.
(c) The Property is not needed for the public or municipal purposes of the City.
(d) (1) The City is authorized under Amendment No. 750 of the Constitution of Alabama of 1901, as amended, to sell and convey title in fee simple to the Property
to the Corporation on terms and for consideration approved by the governing body of the City.
(2) The expenditure of public funds by the sale of any portion of the Property for an amount less than the original purchase price paid by the City
therefor will serve valid and sufficient public purposes notwithstanding any incidental benefit accruing to any private entity.
(3) On August 24, 2016, the City caused to be published in The Onlooker, which newspaper has the largest circulation in the City, the notice required by
Amendment No. 7...
Click here for full text