HomeMy Public PortalAboutRES2001-01_Property Purchase From William Clark_06202001i
RESOLUTION 706 t O 1
The following resolution was there upon introduce • y�counsel ember
BoAct A►tAtas = and seconded by counsel member
WHEREAS, the City of Iona has negotiated with William Glen Clark to purchase
certain property desired by the City of Iona for it's municipal purposes;
and;
WHEREAS, the purchase price of said property is the sum of 555,000;
WHEREAS, the City desires to pay the purchase price by the payment of S30,000
down upon the execution of the contract and the balance of $25,000 together with
interest of '/o per annum to be paid February 1, 2002.
NOW, Therefore, be it hereby resolved:
RESOLVED, that the City of Iona to hereby agree that the city shall purchase from
. William Glen Clark the following described real property:
Beginning at a point that is N. 00°04'00" E. along the Section line
1395.856 feet and East 544.82 from the southwest Corner of Section 6,
Township 2 North, Range 39 East of the Boise Meridian; running thence
East 99.73 feet; thence North 147.43 feet morc or less to the south Right -
of -Way line of Rockwood Avenue; thence S 85° 45'00" W. 100.00 feet
more or less to a point that bears North from the Point of Beginning:
thence South 140.02 feet more or less to the Point of Beginning.
SUBJECT TO easements appearing by record of use upon the premises.
FURTHER, resolved that the City pay as a purchase price the sum of S55,000 with the
sum of S30,000 being paid upon the execution of the contract to purchase and the balance of
$25,000 together with interest of A/o per annum from the date of contract to be paid on
February 1, 2002; and
FURTHER, resolved that the City shall have possession of said premises from the date of
the execution of the contract; and
FURTHER resolved that the contract contain a provision that should the City so desire
following the commencement of the next fiscal year, October 1, 2001, that the City may give
notice that they shall not complete the purchase of said property and may at their option
terminate the obligation to pay the balance due, that the exercise of such option shall be made on
or before October 5, 2001 or the City will have elected by failing to exercise the option. to
complete the purchase as provided within the fiscal year commencing October 1, 2001;
FURTHER resolved that the City council of the City of Iona, Bonneville County, Idaho
do hereby authorize and direct the Mayor to be attested by the City clerk to enter into a contract
for the purchase of said property.
The Mayor called for a roll call vote resulting as follows:
Voting Aye:
Council member. S US At t4gil1/4. LS
C,1t-4Lovt.G-
6e,A d �
ill.
Voting Nay:
None
Absent:
None
(The following certificate should be attached to the copy of the resolution to be fumished
to Mr. Clark)
I, the undersigned, the duly appointed and acting clerk of the City of Iona, Bonneville
County, Idaho hereby certify the above and foregoing resolution is a full true and correct copy of
a resolution duly adopted at a regular meeting of the Mayor and City Counsel of said City duly
and regularly held at the City hall, City of Iona, on the 20th day of June, 2001 at which meeting
all members of said counsel and Mayor had due notice and of which a majority thereof were
present. At said meeting, the said resolution was adopted by the following vote;
Voting Aye:
5U5inA. �rrt £-%
aid
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(7-8 Zov�
Voting Nay:
None
Absent:
None
I further certify that I have carefully and compared the above and foregoing copy of the
resolution with the original resolution on file and of record and the said resolution is a full true
and correct copy of the original resolution adopted at said meeting and that said resolution has
not been amended, modified, or rescinded as is now in full force and effect.
In witness whereof I have set my hand and have affixed the official seal of the City of
Iona, this „2Q n+ day of June, 2001.
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