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HomeMy Public PortalAboutOrd 565 Sale of Property PBC(Published in The Ark Valley News on March 26,2015) ORDINANCE NO. 565 AII ORDINANCE AUTHORTZING TIIE SALE AND DISPOSITION OF'CERTAIN PROPERTY TINDER A LEASE BETWEEN THE CITY OF BEL AIRE, KANSAS AND THE CITY OF BEL AIRE, KANSAS PT]BLIC BUILDING COMIVIISSION. 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 certain real property (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 properry in a manner consistent with K.S.A.12-1757 et seq., as amended, and Charter Ordinance No. 10 of the City (the "Act") and with a commercial/industrial park facility that is maintained for public, municipal or community purposes; and WHERBAS, 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 Propergr"), then sell such Sale Propefty to the Third Party (as defined herein) at private sale; and WIIEREAS, the governing body further finds and determines that the purchase of the Sale Property by the City and the sale of the Sale Propefty by private sale to the Third Parry 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. TIIEREF'ORE, BE IT ORDAIIIED BY THE GOVERI\ING BODY OF THE CITY OF BEL AIRE, KAIISAS: Section 1. 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 Lot 8, Block B, Sunflower Commeice park, an Addition to Bel Aire, Sedgwick County, Kansas 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 Saie property is $640. The City will pay, and hereby appropriates, to the PBC a purchase price equal to the net amount ihat the Third Party will pay for the Sale Property ($113,500). 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 FCG, Inc. (the "Third party,,), 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 recognize the sale of the Sale Property, 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 instuments and documents as may be necessary to effect such amendment. Section 5. Dffective 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. - IBALANCE OF THIS PAGE INTENTIONALLY LEFT BLANK] PASSED by the governing body of the City on March 17,2015 and APpROVED AND SIGNED by the Mayor. (SEAL) ATTEST: