Section 101-305 Ord. 16487; Agreement for the Purchase of Southmark Development, Inc. for Property Located at the Corner of Nifong Boulevard and Bearfield Road Which Shall Become the Site of Fire Station No. 8


Ordinance No.            16487              Council Bill No.            B 179-00           

AN ORDINANCE

authorizing the City Manager to execute an agreement for the purchase of Southmark Development, Inc., the sole asset of which is property located at the corner of Nifong Boulevard and Bearfield Road which shall become the site of Fire Station No. 8; transferring funds; and fixing the time when this ordinance shall become effective.

BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBIA, MISSOURI, AS FOLLOWS:

    SECTION 1. The City Manager is hereby authorized to execute an agreement with Robert L. Walters, Charles K. Carlson, Kersten K. Carlson and Walter A. Beasley for the purchase of all outstanding shares of the stock of Southmark Development, Inc., the sole asset of which is property located at the corner of Nifong Boulevard and Bearfield Road which shall become the site of Fire Station No. 8.  The form and content of the agreement shall be substantially as set forth in "Exhibit A" attached hereto and made a part hereof as fully as if set forth herein verbatim.

    SECTION 2.  At the request of the City Manager, the City Council hereby transfers $ 35,000 from the Contingency Project Account No. 440-8800-508.49-90 #C40138 to the Fire Station Sites Project Account No. 440-8800-518.49-90 #C40173.
    SECTION 3.  This ordinance shall be in full force and effect from and after its passage.

    PASSED this 19th day of June, 2000.