Title
(Second Reading) An Ordinance Declaring Certain Real Property Surplus and No Longer Needed for Municipal Purposes and Authorizing the Sale of the Same
Body
WHEREAS, the City of Foley owns certain real property identified as Lot 1A, being a resubdivision of Lot 1 of the Foley Beach Express Industrial Park Subdivision, as recorded on Slide 2186-C on November 3, 2004, in the Office of the Judge of Probate of Baldwin County, Alabama;
WHEREAS, Lot 1A is located within the municipal limits of the City of Foley, Alabama and consisting of approximately 2.6 +/- acres;
WHEREAS, A-1 Insulating Co., Inc., a Gadsden-based insulation business, desires to locate an office and warehouse in the City of Foley with the goal of expanding their business to the southern portion of the State of Alabama;
WHEREAS, the City desires to convey Lot 1A to A-1 Insulating Co., Inc., on certain terms, restrictions, and conditions;
NOW THEREFORE, be it ordained by the City Council of the City of Foley as follows:
SECTION 1. That the City Council hereby finds and declares that the following property is no longer needed for municipal purposes and that it is in the best interest of the City of Foley to convey the same to A-I Insulation Co., Inc. on the terms, restrictions and conditions as set forth in the Purchase and Sale Agreement attached hereto as Exhibit “A” Lot 1A, being a resubdivision of Lot 1 of the Foley Beach Express Industrial Park Subdivision, as recorded on Slide 2186-C on November 3, 2004 in the Office of the Judge of Probate of Baldwin County, Alabama, LESS AND EXCEPT the North 20’ of said Lot 1A which is being reserved for future right of way and is more particularly described as follows: [insert boundaries of north 20’] (the “Subject Property”). The City expressly finds and declares that the consideration expressed in the attached Purchase and Sale Agreement to be paid to the City of Foley by A-1 Insulating Co., Inc. is good, valuable, sufficient and adequate conside...
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