Section 101-609 Ord. 16672; Authorizing Execution of a Real Estate Contract to Purchase Property Near Columbia Regional Airport


Ordinance No.          16672                Council Bill No.            B 370-00           

AN ORDINANCE

authorizing the City Manager to execute a real estate contract to purchase property near Columbia Regional Airport; advancing funds from the Designated Loan Fund; appropriating 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 a real estate contract to purchase property near Columbia Regional Airport.  The form and content of the contract 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.  The sum of $ 385,000 is hereby appropriated from the Designated Loan Fund Account No. 710-0000-132.01-00 to the Airport Land Acquisition Project Account No. 554-6288-881.49-90 #C44063.

    SECTION 3.  The sum of $ 225,000 is hereby appropriated from the Airport Utility Fund Account No. 554-0000-351.01-00 to the Airport Land Acquisition Project Account No. 554-6288-881.49-90 #C44063.

    SECTION 4.  This ordinance shall be in full force and effect from and after its passage.

    PASSED this 20th day of November, 2000.