HomeMy Public PortalAbout19-1999-42 C''' SCIT17
RESOLUTION 1999-42 SCA2D
A RESOLUTION OF THE COMMON COUNCIL OF
THE CITY OF GREENCASTLE, INDIANA,
AUTHORIZING THE ACQUISITION BY THE CITY OF GREENCASTLE
OF CERTAIN REAL ESTATE AND RELATED MATTERS
WHEREAS, the City of Greencastle, Indiana(the "City"), has determined that it is
necessary to acquire certain real estate in connection with providing new office space for the City;
and
WHEREAS, the real estate proposed to be acquired consists of(1)the land and building
located at 1 North Locust in the City, currently owned and occupied by Old National Bank, and
(2)the employee parking lot currently used by employees of the Locust Street branch of First
Citizens Bank, located on the north side of Franklin Street between North College and North
Locust(collectively, the "Real Estate"); and
WHEREAS, the City has heretofore appointed two appraisers (the "Appraisers") to
appraise the fair market value of the Real Estate, which Appraisers are professionally engaged in
making appraisals; and
WHEREAS, the Appraisers have returned their separate appraisals to the Common
Council of the City;
NOW, THEREFORE, be it resolved as follows:
1. The appointment of the Appraisers to appraise the fair market value of the Real
Estate is hereby ratified and confirmed.
riN 2. The appraisals submitted by the Appraisers are hereby accepted and approved.
3. The Mayor of the City is hereby authorized and directed to execute and deliver a
purchase agreement for the Real Estate on behalf of the City, substantially in the form of"Exhibit
A" attached hereto, at a price of$604,000.00, which amount is not greater than the average of the
two appraisals submitted by the Appraisers, and to effect the purchase of the Real Estate, subject
to the availability of funds legally appropriated therefore.
4. The Mayor of the City is hereby further authorized and directed to execute and
deliver a license agreement to maintain an automatic teller machine on the Real Estate,
substantially in the form of"Exhibit B" attached hereto.
5. This Resolution shall be in full force and effect from and after its passage.
Passed and adopted by the Common Council of the City of Greencastle on this /4 day
of h /�. , 1999, at L.`3_s--- o'clock p.m.
COMMON COUNCIL OF THE CITY OF GREENCASTLE
_3,4i
�, Gfie /311
Thomas Roach Barry Bpynard
,i i" it r DAAA C. I `4J+ n
Mark Hammer David Masten
Kieth Green
Presented by me to the Mayor of the City of Greencastle on this /1'14' day of
, 1999 at L{-33— o'clock p.m
Pamela S. Jones, Cle k easurer
This resolute approved and signed by me on this ) day of
1999, at '3S o'clock p.m.
/Ir��.
Nancy A. Michael, Mayor
`•.)