Title
Authorizing the purchase or condemnation of certain real property currently owned by DCF, LLC
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
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 of Foley has been leasing the following real property located on Highway 59 in the corporate limits of the City for use as a public parking lot for many years:
Lots 16, 17, 18 and 19, Block 11 of Magnolia Springs Land Company Subdivision of Foley, Alabama, according to the plat thereof recorded in Map Book 1 at page 25 in the Office of the Judge of Probate of Baldwin County, Alabama.
(the "Parking Lot"); and
WHEREAS, the City's lease expired, and the City is currently continuing to occupy the Parking Lot on a holdover, month-to-month basis; and
WHEREAS, the Parking Lot is in need of capital improvements to the pavement, striping, and other matters to improve its functionality, condition, and appreance; and
WHEREAS, the CITY desires to make the capital improvements that are required to the Parking Lot, but only if it can be assured of the public being able to continue to use the Parking Lot for a long enough period of time to justify the expense; and
WHERAS, the City of Foley attempted to enter into a long term lease and to purchase the Parking Lot from the owner, DCF, LLC, but the parties have been unable to come to any agreements; and
WHEREAS, it is in the best interest of the public, and it will serve the general public welfare and public benefit, for the Parking Lot to remain open and availabl...
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