Title
A resolution to rescind Resolution 15-2260-RES Resolution Authorizing An Agreement Of Sale Among The City Of Foley, Alabama And Craine Creek Farms, LLC.
Summary
Description of Topic: (who, what, where, when, why and how much)
On August 3, 2015, Council adopted Resolution 15-2260 Authorizing An Agreement Of Sale Among The City Of Foley, Alabama And Craine Creek Farms, LLC. Craine Creek Farms, LLC was unable to secure the financing needing for the purchase of the property. Therefore, Resolution 15-2260 must be rescinded.
Body
WHEREAS, Council adopted Resolution 15-2260-RES Resolution Authorizing An Agreement Of Sale Among The City Of Foley, Alabama And Craine Creek Farms, LLC. on August 3, 2015, and
WHEREAS, both parties have decided it would be in the best interest of The City of Foley and Craine Creek Farms, LLC. not to move forward with the agreement at this time, and
WHEREAS, Resolution 15-2260-RES must be rescinded.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Rescinds Resolution 15-2260-RES Resolution Authorizing An Agreement Of Sale Among The City Of Foley, Alabama And Craine Creek Farms, LLC.
SECTION 2: This Resolution shall become effective immediately upon its adoption as required by law.