HomeMy WebLinkAbout98-27
Ordinance No. 98-27
Authorizing the purchase of Pulaski Business Plaza (Maple Shade Shopping Center) and
an additional parcel in the same block, shown on the Town tax maps as lots 072-140-000-
160B, 072-020-000-1, 1a and 2 and a R/W with turnaround, all described in DB 465,
page 686
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Adopted: December 28, 1998
Effective: December 28, 1998
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ORDINANCE 98-27
• ORDINANCE AUTHORIZING THE PURCHASE OF PULASKI BUSINESS PLAZA
(MAPLE SHADE SHOPPING CENTER) AND AN ADDITIONAL PARCEL IN THE
SAME BLOCK, SHOWN ON THE TOWN TAX MAPS AS LOTS 072-140-0000-1608,
072-020-000-1, 1A, nNO 2 AND A RNV WITH TURNAROUND, ALL DESCRIBED IN DB
465, PAGE 686
WHEREAS:
1. The Town of Pulaski is interested in acquiring property in the Town of Pulaski
known as Maple Shade Shopping Center and an adjoining parcel and right of
way, for multiple public purposes, including but not limited to municipal use as
well as economic development and Town revitalization; and,
2. By Ordinance 98-26, the Town accepted an offer whereby it will acquire a
deed of trust and note on the shopping center; and,
3. By letters dated December 15, 1998 and December 22, 1998, and contract of
December, 1998, Earle W. Greene and New River Properties, Inc., the owners
• of the real estate offered to convey the shopping center and adjacent parcel to
the Town in satisfaction of said deed of trust and note; and,
NOW, THEREFORE, be it ORDAINED by the Town Council of the Town of Pulaski,
Virginia, sitting in special session on December 28, 1998, that:
1. The acquisition of said shopping center and an adjacent parcel in the same
block (known as the "gas station lot") and being shown on the Town tap records
as LOTS 072-140-0000-1608, 072-020-000-1, 1A, ANO 2 AND A RNV WITH
TOURNAROUND, ALL DESCRIBED IN DB 465, PAGE 686, is approved and
the pending sales contract is approved and ratified; and
2. Upon receipt of a copy of the signed contract and completion of the
negotiation of the note and deed of trust to the Town, the Town Manager or, in
his absence, any Acting Town Manager, is authorized and directed to do all
things reasonably necessary to complete this transaction, including but not
limited to notifying the property owners forthwith that the Town accepts the offers
contained in the letter of December 15 and 22, 1998 on the terms and conditions
set forth therein and the subsequent contract; and authorizing the Town attorney
or some other attorney designated by him to examine the title to said property;
and scheduling a closing to occur in January, 1999;
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3. Upon receipt and recordation of general warranty deeds conveying said
. property and transfer and assignment of any leases thereon and completion of
the other terms and conditions set forth in said letter, the Town Manager or
Finance Director is authorized and directed to mark said note satisfied and to
release the deed of trust.
This Ordinance is effective upon adoption and is adopted by recorded vote of the Town
Council of the Town of Pulaski, Virginia, on December 28, 1998, as follows:
James M. Neblett AYe W. Edgar Hale Absent
Y Jose ~ e
Lane R. Penn A e ph L. Weddle Y
Jeffrey S. Worrell Ave Pauline G. Mitchell Aye
Bettye H. Steger AYe Charles W. Stewart Aye
TOWN OF PU SKI, VIRGINIA
By:
ohn A. Johns ,Mayor
Attes .
t ~ ~~ ~~
Patricia Pendergrast, C of Council
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I, Patricia Pendergrast, Clerk of Council of the Town of Pulaski, Virginia do hereby
certify that the foregoing Ordinance No. 98-27, authorizing the purchase of Pulaski
Business Plaza (Maple Shade Shopping Center) and an additional parcel in the same
block, shown on the Town Tax maps as lots 072-140-0000.1 bOB, 072-020-000-1, 1 a and
2 and a R/W with turnaround, all described in DB 4b5, page 68b, is a true and correct
copy of the Ordinance set out and adopted by the recorded vote of the Town Council on
December 15, 1998.
Patricia Pendergrast, Cler f Council
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