Section 103-413; Ord. 17397; Agreement w/Prime Development Corporation RE: Joint Development of the Rail Terminal Property


Ordinance No.           17397               Council Bill No.            B 261-02           

AN ORDINANCE

authorizing an agreement with Prime Development Corporation; 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 an agreement with Prime Development Corporation for joint development of the rail terminal property.  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.  The sum of $ 184,945.32 is hereby appropriated from the Retained Earnings Account No. 551-0000-351-01-00 to the Building and Structures/Land Account No.  551-7110-880.60-65.

    SECTION 3.  This ordinance shall be in full force and effect from and after its passage.

    PASSED this 5th day of August, 2002.