HomeMy WebLinkAbout97-13• ORDINANCE N0. 97-13
Authorizing the Purchase of 88.1
Acres of Land from Bonnie Boothe
for an Industrial Park
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Adopted: August 19, 1997
EffectuveL August 19, 1997
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Ordinance No. 97- 13
ORDINANCE AUTHORIZING THE PURCHASE
OF 88.1 ACRES OF LAND FROM BONNIE BOOTHE
FOR AN INDUSTRIAL PARK
WHEREAS, the Town Council has determined that it is in the best
interest of the citizens of the Town of Pulaski, Virginia to improve the
economic base of the Town by developing an industrial park within the town
limits; and,
WHEREAS, the Town Council had been prepared to acquire such
property by purchase if possible or condemnation if necessary; and,
WHEREAS, as a result of negotiations conducted by the Town staff,
an agreement has been reached for the purchase of 88.1 acres of land from
Bonnie Boothe, lying in the Wurno area of the Town of Pulaski; and,
WHEREAS, the aforesaid agreement cannot be binding upon the
Town unless and until it is ratified in open session;
NOW, THEREFORE, BE IT ORDAINED by the Town Council of the
Town ofi Pulaski, Virginia, sitting in Regular Session on August 19, 1997,
that_
1. The Town Council does hereby ratify and approve a certain contract of
sale dated August 19, 1997, between the Town and Bonnie Boothe, for the
purchase of 88.1 acres of land and other rights as set out in said agreement;
and,
2. The Town Attorney is authorized to search the title of said property,
prepare documents, and do all other acts reasonably necessary to complete
the purchase of said property; and,
3. The Town Manager and Clerk are authorized to execute documents,
including but not limited to an assignment of a certain option agreement
between the Town and Pulaski Properties, L.L.C. dated August 2, 1997, and
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do all other acts reasonably necessary to complete the purchase of said
property; and,
4. The Town Manager and Finance Director are authorized to draw and
expend from UDAG funds the sum of four hundred thirty thousand dollars
($430,000.00) for the purchase of said property and/or for the acquisition of
like kind property to be exchanged for the subject property, together with any
sums needed to cover any closing costs.
This Ordinance is adopted by duly recorded vote of the Town Council
on August 19, 1997 as follows:
James M. Neblett Aye
Lane R. Penn Aye
Bettye H. Steger Aye
Charles W. Stewart Aye
ATTEST:
W. Edgar Hale Ave
Joseph L. Weddle Aye
Pauline G. Mitchell Aye
Gerald E. Bolen AhGPnr
TOWN OF PULASKI, VIRGINIA
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ohn A. Johnst ,Mayor
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Ru h Harrell
Clerk of Council
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• ~ I, Ruth A. Harrell, Clerk of the Council of the Town of Pulaski, VA do hereby
certify that the foregoing Ordinance No. 97-13 is a true and correct copy of the
Ordinance set out and adopted by the recorded vote of the Town Council on
August 19, 1997.
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Ruth A. Harrell, Clerk of Council
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