Section 102-073 Ord. 16779; Contract w/Stephens College RE: Lease w/Option to Purchase the Stephens Lake Property


Ordinance No.           16779               Council Bill No.            B 37-01A           

AN ORDINANCE

authorizing the City Manager to execute a contract with Stephens College for a lease with option to purchase the Stephens Lake Property; 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 Contract for Lease with Option to Purchase Real Property with Stephens College.  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.  This ordinance shall be in full force and effect from and after its passage.

    PASSED this 5th day of February, 2001.