Section 107-543; Ord. 19185; Authorizing a contract for sale of residential real estate with Fannie Mae for the purchase of property located at 1413 Stone Street


Ordinance No. 19185                            Council Bill No. B 342-06

     AN ORDINANCE

authorizing a contract for sale of residential real estate with Fannie Mae for the purchase of property located at 1413 Stone Street; 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 contract for sale of residential real estate with Fannie Mae for the purchase of property located at 1413 Stone Street. 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 $73,922.97 is hereby appropriated from the Fleet Fuel Tank Upgrade Project Revenue Account No. 672-0000-480.10-57, C72001 and $41,950.00 is hereby appropriated from the Fleet Fuel Tank Upgrade Project Revenue Account No. 672-0000-497.02-00, C72001  to the Fleet Fuel Tank Upgrade Operating Expenditures Account No. 672-6888-881.49-90, C72001.

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

    PASSED this 5th day of September, 2006.