HomeMy Public PortalAboutORD13485 Bill No. _ 2002-122 Substitute
Sponsored by Councilman Vincent
Ordinance No.
AN ORDINANCE OF THE CITY OF JEFFERSON, MISSOURI, AUTHORIZING THE
MAYOR AND CITY CLERK TO EXECUTE AN AGREEMENT AND ANY OTHER
DOCUMENTS NECESSARY TO CARRY OUT THE AGREEMENT FOR
SUBORDINATION OF A RIGHT OF FIRST REFUSAL WITH THE JEFFERSON CITY
AREA YOUNG MEN'S CHRISTIAN ASSOCIATION AND THE COSMOPOLITAN CLUB
OF JEFFERSON CITY.
WHEREAS, the City holds a right of first refusal for certain property conveyed by the City
to the Cosmopolitan Club of Jefferson City, Missouri, Inc., ("Cosmo Club") described as
follows (herein described as the "Property"):
A tract of land situated in Cole County Missouri more particularly described as: The south 1720 links
of the east half of the southeast fractional quarter of section 20,Township 44,of Range 11,containing
36 acres, more or less.
Also a parcel of land, located in the southwest quarter of Section 21, Township 44, Range 11, more
particularly described as follows: Commencing at the southwest corner of Section 21 easterly along
the southerly line of Section 21, 6.56 feet, thence north 24 degrees East 38.75 feet,thence north 24
degrees 37 minutes 30 seconds East 196.70 feet, thence north 14 degrees 53 minutes East 95.72
feet, thence north 0 degrees 15 minutes 30 seconds East 83.45 feet, thence north 11 degrees 8
minutes west 160.76 feet, thence north 4 degrees 25 minutes East 104.13 feet, thence north 16
degrees 24 minutes East 148.1 feet,thence north 3 degrees 47 minutes East 73.37 feet,thence south
83 degrees 22 minutes 11 seconds west 240.53 feet to the westerly line of Section 21, thence
southerly along the westerly line of Section 21 to the point of beginning.
Also the use of a strip of land 20 feet wide for road purposes, running thru the north part of the east
half of the southeast quarter of Section 20,Township 44, Range 11,as described in deeds recorded
in the Recorder's Office for Cole County, Missouri, in Book 9, at pages 200 and 201.
WHEREAS, the Jefferson City Area Young Men's Christian Association ("YMCA") has
entered into an agreement with the Cosmo Club to make certain improvements to the
property representing a significant investment in the Property, and
WHEREAS,the YMCA wishes to secure the first right to purchase the Property in the event
the Cosmo Club offers the Property for sale, and
WHEREAS, the City wishes to facilitate the improvement of the Property while protecting
its interest by retaining a secondary right of first refusal, but it is willing to subordinate its
current right to one in favor of the YMCA.
NOW THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE CITY OF JEFFERSON,
MISSOURI, AS FOLLOWS:
Section 1. The Mayor and City Clerk are hereby authorized and directed to enter
into an agreement and any other documents necessary to carry out the agreement with the
Cosmopolitan Club of Jefferson City, Missouri, Inc. And the Jefferson City Area Young
Men's Christian Association (YMCA) to subordinate its current right of first refusal to a right
of first refusal to purchase the Property in favor of the YMCA. The city's right of first refusal
shall remain otherwise intact.
Section 2. The agreement shall be substantially the same in form and content as
that attached hereto as Exhibit A.
Section 3. This Ordinance shall be in full force and effect from and after the date of
its passage and approval.
Passed: ��° �`���' Approved:�2
Presiding Officer Mayor
ATTEST: APPROVED AS TO FORM:
City Oierk City ounselor