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HomeMy Public PortalAboutOrd 561 Sale and Lease of Certain Property Between Bel Aire and the PBCGilmore & Bell, P.C. U29t2015 (Published in The Ark Valley News on February 5,2015) ORDINANCE NO. 561 AN ORDINANCE AUTHORIZING TIIE SALE AND DISPOSITION OF CERTAIN PROPERTY TIIIDER A LBASE BBTWEEN THE CITY OF BEL AIRE, KANSAS AND THE CITY OF BEL AIRE, KANSAS PUBLIC BUILDING COMMISSION. WHEREAS, the City of Bel Aire, Kansas (the "City") and The City of Bel Aire, Kansas Public Building Commission (the "PBC") have heretofore entered in to a Lease With Option to Purchase (the "Lease"), dated as of April 15, 2010, pursuant to which the City leases ceftain real properry (the "Project Site") from the PBC; and WHEREAS, the Lease provides that the City may purchase unencumbered fee simple title to a portion of the Project Site at such price as the PBC and City may agree upon in writing provided that when only a portion of the Project Site is being purchased, the governing body of the City shall authorize such purchase by Ordinance and such Ordinance shall contain a legislative finding that such purchase will result in use of the purchased properly in a manner consistent with K.S.A. 12-1157 et seq., as amended, and Charter Ordinance No. l0 of the City (the "Act") and with a commercial/industrial park facility that is maintained for public, municipal or community purposes; and WHEREAS, the governing body of the City hereby finds and determines that it is necessary and advisable to purchase from the PBC a portion of the Project Site (the "Sale Property"), then sell such Sale Property to the Third Party (as defined herein) at private sale; and WHEREAS, the governing body further finds and determines that the purchase of the Sale Properly by the City and the sale of the Sale Property by private sale to the Third Party will result in the continued use of the Sale Properly in a manner consistent with the Act, and with a commercial/industrial park facility that is maintained for the public purpose of economic development. THEREFORE, BE IT ORDAINED BY TIIE GOVERNING BODY OF THE CITY OF BEL AIRE, KAIISAS: Section l. Sale of Property. It is hereby authorized, ordered and directed that (a) the City purchase from the PBC the Sale Property, which is legally described as the West Half of the Nofthwest Quarter of Section 22, Township 26 South, Range 2 East of the Sixth Principal Meridian, Sedgwick County, Kansas (containing 76.48 acres, more or less), and (b) the City sell the Sale Property by private sale to the Third Party. The governing body of the City finds that the appraised value of the Sale Property is $8,410. The City will pay, and hereby appropriates, to the PBC a purchase price equal to the net amount that the Third Party will pay for the Sale Properly ($688,320). After the sale of the Sale Property, the Project Site will have more than 100 acres. Section 2. Authorization of Instruments and Documents. The Mayor and Clerk of the City are each authorized to execute, deliver and record such instruments and documents as are necessary to effect the transactions described herein, among the City, the PBC, and Shaheen Real Estate, LLC (the "Third Pafi"), presented herewith, which contract is hereby approved in substantially the form presented. Section 3. PBC Action as a Condition. The authorizations and approvals provided in this Ordinance are subject to and conditioned upon the PBC duly acting to authorize the PBC actions described therein and herein. Section 4. Lease Amendment. An amendment to the Lease, to revise the Project Site description to recogrize the sale of the Sale Properfy, is hereby authorized, and the Mayor and Clerk of the City are each authorized to execute and deliver such amendment. and to deliver and record such instruments and documents as may be necessary to effect such amendment. Section 5. Effective Date. This Ordinance shall take effect and be of force from and after its passage by the governing body of the City, approval by the Mayor and publication in the official City newspaper. [BALANCE OF THIS PAGE INTENTIONALLY LEFT BLANK] PASSED by the goveming body of the City on February 3, 2015 and APPROVED ANI) SIGNED bv the Mavor. (SEAL) AITEST: