HomeMy WebLinkAboutR-2012-123 Termination and Release of Easements RESOLUTION NO. R-2012-123
A RESOLUTION APPROVING A TERMINATION AND RELEASE OF EASEMENTS
AND AUTHORIZING THE EXECUTION AND DELIVERY OF DOCUMENTS AND
ACTIONS RELATING THERETO
WHEREAS, the City conveyed certain real property known as Riverside
Horizons east of Horizons Parkway to The Industrial Development Authority of the
City of Riverside, Missouri, ("IDA") by Special Warranty Deed recorded May 9, 2007
as document No. 007218 in Book 1103 at page 314; and
WHEREAS, pursuant to a Financing and Cooperation Agreement dated as of
May 1, 2007, the IDA is required, upon direction of the City, to transfer such interests
in the real property in whole or in part, in one or more transactions; and
WHEREAS, the City has identified a need to terminate certain easements
currently located on property owned by the City and on property owned by the IDA to
further the public purpose of economic and industrial development within the Horizons
development area; and
WHEREAS, the Board of Aldermen find it is in the best interest of the City to
provide for the termination of such easements in substantially the same form as set
forth in Exhibit "A" and additionally desires to direct the IDA to execute such easement to
further the public purpose of economic and industrial development within the Horizons
development area;
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF
THE CITY OF RIVERSIDE, MISSOURI, AS FOLLOWS:
THAT the execution and delivery of the Termination and Release of
Easements in substantially the same form as attached hereto as Exhibit "A" by the
Mayor is hereby authorized and approved and the City Clerk is authorized to attest
thereto, and the performance of all actions related thereto are approved, authorized
and directed;
FURTHER THAT the IDA is directed to execute and deliver the Termination
and Release of Easements attached hereto as Exhibit "A" and the performance of all
actions related thereto is hereby approved and authorized;
FURTHER THAT the City shall, and the officers, agents, and employees of the
City are hereby authorized and directed to, take such further action and execute and
deliver such documents and instruments as may be necessary or desirable to carry
out and comply with the intent of this Resolution;
FURTHER THAT this Resolution shall be in full force and effect from and after
its passage and approval.
RESOLUTION NO. R-2012-123
PASSED AND ADOPTED by the Board of Aldermen a d APPROVED by the
Mayor of the City of Riverside, Missouri, the �� day of l�.12012.
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Ka Kleen L. Rose, Mayor
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ATl'EST� _
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�'Robi� Li�ttrell, City Clerk
Approved as to Form:
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C Th mpson, City Attorney