Title
AN ORDINANCE DECLARING CERTAIN REAL PROPERTY NO LONGER NEEDED FOR MUNICIPAL PURPOSES AND AUTHORIZING THE CONVEYANCE OF SAME TO IRH FOLEY LLC FOR NOMINAL CONSIDERATION FOR A PUBLIC BENEFIT AND PUBLIC PURPOSE
Body
WHEREAS, the City of Foley owns certain vacant property that is centrally located between various business who employ large numbers of seasonal employees; and
WHEREAS, the City of Foley heavily relies on sales tax revenues and business license fees based on business revenues to provide necessary municipal services; and
WHEREAS, there is a shortage of workers to fill all the jobs available in the City of Foley; and
WHEREAS, one of the main obstacles to recruiting workers to take on jobs in the City of Foley is the lack of affordable housing; and
WHEREAS, the City of Foley has determined that the inadequate supply of workers is a threat to success of the existing businesses and to the recruitment of new businesses; and
WHEREAS, IRH Foley LLC desires and intends to build dormitory-style housing primarily for J-1 Visa holders who are interested in coming to the United States temporarily to work; and
WHEREAS, the IRH Foley LLC J-1 Visa workforce housing project will serve a public purpose by facilitating a much needed supplemental and alternative supply of potential employees for the businesses on which the City of Foley’s revenues depend; and
WHEREAS, the City of Foley desires to encourage and incentivize IRH Foley LLC to construct a J-1 Visa workforce housing project by conveying real property at nominal consideration but with certain conditions to ensure that the property is returned to the City if the municipal benefits from the project are not realized;
WHEREAS the City finds that it will serve a public purpose to donate the surplus property to IRH Foley LLC to facilitate the alternative workforce housing program;
NOW THEREFORE, be it ordained by the City Council of the City of Foley as follows:
1. That the City Council hereby...
Click here for full text