Title
Rescinds Resolution No. 16-1244
Summary
Bhavis Real Estate Holdings, LLC is no loner interested in purchasing Lots 3 & 4 consisting of 5.18 +/- acres and located at the Wilson Pecan property.
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.
____ Not budgeted requiring increase to account #___________ in the amount of $____________.
Capital - Departmental
____ Budgeted under account #______________ for $___________ and described in budget as __________________________________.
Additional amount needed, if any: Increase in budget of $_____________ OR, transfer of $___________ from Account #____________ to Account #_______________
____ Not Budgeted - account #____________ requires budget increase of $_____________.
Capital Project - **THE PRE-PROJECT CHECKLIST AND BUDGET CHECKLIST MUST BE ATTACHED TO THIS FILE**
In current year Capital Projects Plan:
_____ Yes, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________
Body
WHEREAS, Bhavis Real Estate Holdings, LLC is no loner interested in purchasing Lots 3 & 4 consisting of 5.18 +/- acres and located at the Wilson Pecan property.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Recinds Resolution No. 16-1244.
SECTION 2: This Resolution shall become effective immediately upon its adoption as required by law.