HomeMy WebLinkAbout2003 Authorizing and Approving the Repeal of Ord No. 1979, the Purchase and Sale Agreement of Certain Real Property by the City to Quality Plumbing, Inc BILL NO. 2024-032 ORDINANCE NO. A003
AN ORDINANCE AUTHORIZING AND APPROVING THE REPEAL OF ORDINANCE NO. 1979,
WHICH AUTHORIZED AND APPROVED THE PURCHASE AND SALE AGREEMENT OF
CERTAIN REAL PROPERTY BY THE CITY OF RIVERSIDE, MISSOURI TO QUALITY
PLUMBING, INC., AND FURTHER AUTHORIZING OTHER DOCUMENTS AND ACTIONS
RELATED THERETO
WHEREAS, the City of Riverside, Missouri (the "City") owns certain real property, commonly
known as Lot 5 of 40 West at Horizons ("Lot 5 of 40 West"), and further described on Exhibit A
attached hereto and incorporated herein by this reference (the "Property"); and
WHEREAS, the City previously executed a Purchase and Sale Agreement (the "PSA") with
Quality Plumbing Inc., a Missouri corporation ("Quality Plumbing") on February 6, 2024; and
WHEREAS, Quality Plumbing has not executed the PSA as of June 13, 2024, and has sent a
notice by email that it wishes to withdrawal from the PSA, and the City desires to terminate the
offer set forth in the PSA to Quality Plumbing so that the City may move forward with other
potential purchasers of the Property; and
WHEREAS, the City Staff and Special Counsel to the City recommend the Board of Aldermen
and Mayor approve the repeal of Ordinance 1979; and
WHEREAS, the Board of Aldermen passed and approved, and the Mayor approved, Ordinance
1979; and
WHEREAS, the Board of Aldermen finds that the termination of the PSA to allow the City to move
forward with other potential purchasers of the Property fulfills a public purpose and will further the
growth of the City, facilitate the development of Riverside, improve the environment of the City,
increase the assessed valuation of the real estate situated within the City, increase the sales tax
revenues realized by the City, foster increased economic activity within the City, increase
employment opportunities within the City, enable the City to direct the development of the
Property, and otherwise be in the best interests of the City by furthering the health, safety, and
welfare of its residents and taxpayers; and, authorizes the repeal of Ordinance 1979.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF
RIVERSIDE, MISSOURI AS FOLLOWS:
SECTION 1 — BEST INTEREST OF THE CITY TO REPEAL ORDINANCE NO. 1979
AUTHORIZIING THE SALE OF "LOT 5 OF 40 WEST AT HORIZONS" TO QUALITY
PLUMBING INC. The Board of Aldermen hereby incorporate the above recitals by reference as
if fully set out in this Section 1, and find it is in the best interest of the City, in order to further the
growth of the City, improve the environment of the City, foster increased economic activity within
the City, increase employment opportunities within the City, further the objectives of the TIF Plan,
further build out the public infrastructure and otherwise is in the best interests of the City by
furthering the health, safety, and welfare of its residents and taxpayers, to repeal Ordinance No.
1979 which authorized the Sale of Lot 5 of 40 West at Horizons to Quality Plumbing Inc. and such
repeal, is hereby approved.
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SECTION 2 —AUTHORITY GRANTED. The Mayor, City Administrator, Special Counsel to the
City — Spencer Fane LLP, and other appropriate officials and employees of the City are hereby
authorized and directed to take any and all actions as may be deemed necessary or convenient
to carry out and comply with the intent of this Ordinance and to execute and deliver for and on
behalf of the City all certificates, instruments, agreements and other documents as may be
necessary or convenient to perform all matters herein authorized.
SECTION 3 — EFFECTIVE DATE. This Ordinance shall be in full force and effect from and after
its passage and approval.
BE IT REMEMBERED that the above was read two times by heading only, PASSED AND
APPROVED by a majority of the Board of Aldermen and APPROVED by the Mayor of the City of
Riverside, Missouri, this day of ���,� 2024.
•
K leen L. Rose, Mayor
ATTES
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Robin Kincaid, City Clerk
JEFFERSONCITY 17527424.1
Approved as to form:
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JEFFERSONCITY 17527424.1
EXHIBIT A
LEGAL DESCRIPTION
Lot 5 of 40 West at Horizons, a Replat of Tract "A", a replat of DoorLink, 1st Plat,
together with a portion of the Northeast Quarter of Fractional Section 7 and the Northwest
Quarter of Fractional Section 8, Township 50 North, Range 33, all in the City of Riverside,
Platte County, Missouri.
DOCID: DOCPROPERTY DOCXDOCID DMS=IManage Format=«LIB»
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JEFFERSONCITY 17527424.1