Title
Authorizing The Mayor To Negotiate A Purchase Price Of $150,000 Plus Closing Costs For Approximately 11,500 Square Feet Of Real Property Located On Highway 98.
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
Authorizing The Mayor To Negotiate A Purchase Price Of $150,000 Plus Closing Costs For Approximately 11,500 Square Feet Of Real Property Located On Highway 98.
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
WHEREAS, the City desires to purchase approximately 11,500 square feet of real property located on Highway 98 to be used as storage space.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Authorizes the Mayor to negotiate a purchase price of $150,000 plus closing costs to purchase approximately 11,500 square feet of real property located on Highway 98.
SECTION 2: Appropriates $150,000 plus the closing costs to Account No. 12-665-7339 in support of this action.
SECTION 3: This Resolution shall become effective immediately upon its adoption as required by law.