Loading...
HomeMy Public PortalAboutOrd 569 Sale of Property PBC Shaheen Real Estate LLCGilmore & Bell, P.C. 5/27t2015 (Published inThe Ark Valley Neps on June 4,2015) ORDINANCE NO.569 AN ORDINANCE AUTHORIZING THE SALE AND DISPOSITION OF CERTAIN PROPERTY UNDER A LEASE BETWEEN THE CITY OF BEL AIRE, KANSAS AND THE CITY OF BEL AIRE, KANSAS PUBLIC BUTLDING 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 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 property in a manner consistent with K.S.A. 12-1151 et,teq., as amended, and Charter Ordinance No. l0 of the City (the "Act") and with a commercial/industrial park facility that is maintained fbr 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 Property 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 Property in a manner consistent with the Act, and with a commercial/industrial park facility that is maintained fbr the public purpose of economic development. THEREFOR.E. BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF BEL AIRE, KANSAS: Section 1. Sale of Property. lt is hereby authorized, ordered and directed that (a) the City purchase from the PBC the Sale Property, which is legally described as the East half (F,/2) of the Southeast Quarter (SEi4) of Section 2l, Township 216 South, Range 2 East of the Sixth Principal Meridian, Sedgwick County, Kansas (said tract contains 81.0 acles including road right of ways), 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, according to Sedgwick County, Kansas records, is $ I I ,260. 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 Property ($71 1,000). 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 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 are subject to and conditioned upon the PBC duly acting to authorize the PBC actions described and herein. Section 4. Lease Amendment. An amendment to the Lease, to revise the Project Site description ize the sale of the Sale Property, is hereby authorized, and the Mayor and Clerk of the City are authorized to execute and deliver such amendment, and to deliver and record such instruments and 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 by the governing body of the City, approval by the Mayor and publication in the official City PASSED by the governing body of the City on June 2,2015 and APPROVED AND SIGNED by the Mayor. c,# Mayor