HomeMy WebLinkAbout2002-090 - Real Estate Purchase Option AgreementBILL NO. 2002-90 ORDINANCE NO. 2002-90
AN ORDINANCE AUTHORIZING THE EXECUTION OF A REAL ESTATE
PURCHASE OPTION AGREEMENT FOR THE POSSIBLE PURCHASE BY THE CITY
OF PROPERTY FOR USE AS WETLANDS
WHEREAS, the City of Riverside, Missouri ("City") has engaged in negotiations to
purchase an option to purchase certain property from Bill Mann in order to satisfy its wetlands
mitigation duties arising from development of certain properties; and
WHEREAS, the City has reached an agreement whereby it will have an option to
purchase certain property legally described on Exhibit A to the attached Agreement (the
"Wetlands Property");
NOW, THEREFORE, he it ordained by the Board of Aldermen of the City of Riverside,
Missouri, as follows:
Section 1. The City of Riverside shall enter into an option agreement (the "Agreement")
whereby in exchange for five thousand and no/100 dollars ($5,000.00), the City shall have the
right, for a period of five years, to purchase all or portions of the Wetlands Property for $4500.00
per acre.
Section 2. The execution and delivery of the Agreement, in substantially the form attached
hereto as Exhibit A, is approved, the Mayor is authorized to execute the Agreement and to take
such other actions reasonably necessary to carry out the intent of this Ordinance on behalf of the
City, the execution of the Agreement being conclusive evidence of such approval.
Section 3. This Ordinance shall be in full force and effect from and after its passage and
approval.
Passed this Li2ay of August, 2002.
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Mayor
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C~ y Clerk
CITY OF RIVERSIDE-RIVERSIDE, MO 64150
fTACH AND RETAIN FOR YOUR RECORDS
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CITY OF FARMERS EXCHANGE BANK
RIVERSI_D_ E RIVERSIDE, MO
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DATE C~ K NO.
PAV TO THE ORDER OF
NOT VALID AFTER 90 DAYS
No. 05~ 309...
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BILL NO. 2002-90 ORDINANCE NO. 2002-90
AN ORDINANCE AUTHORIZING THE EXECUTION OF A REAL ESTATE
PURCHASE OPTION AGREEMENT FOR THE POSSIBLE PURCHASE BY THE CITY
OF PROPERTY FOR USE AS WETLANDS
WHEREAS, the City of Riverside, Misso ("City") has ngaged in negotiations to
purchase an option to purchase certain property f o~Bill Mann in der to satisfy its wetlands
mitigation duties arising from development of certain properti~nd
WHEREAS, the City has reached an agreement whereby it will have an option to
purchase certain property legally described on Exhibit A to the attached Agreement (the
"Wetlands Property");
NOW, THEREFORE, be it ordained by the Board of Aldermen of the City of Riverside,
Missouri, as follows:
Section 1. The City of Riverside shall enter into an option agreement (the "Agreement")
whereby in exchange for five thousand and no/100 dollars ($5,000.00), the City shall have the
right, for a period of five years, to purchase all or portions of the Wetlands Property for $4500.00
per acre.
Section 2. The execution and delivery of the Agreement, in substantially the form attached
hereto as Exhibit A, is approved, the Mayor is authorized to execute the Agreement and to take
such other actions reasonably necessary to carry out the intent of this Ordinance on behalf of the
City, the execution of the Agreement being conclusive evidence of such approval.
Section 3. This Ordinance shall be in full force and effect from and after its passage and
approval.
Passed this L~~ay of August, 2002.
Mayor ~'
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ATT ~
I~
C~ y Clerk
CITY' OF RIVERSIDE-F~IVERSID~.MII-Fi4 tS0 ~_1 T~.,
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PAY TO THE ORDER OF
BILL MANN
NOT VALID AFTER 90 DAYS
No. 051300
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Heather Ramey
From: David Blackburn
Sent: Wednesday, October 23, 2002 10:40 AM
To: Heather Ramey
Subject: RE: CK FOR BILL MANN
I think voided because Mr. Mann wanted to wait on selling his property. Steve Crystal was taking care of this issue. I'll ask
him the next time I talk to him.
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intended recipient, you are hereby notified that any distribution or copying of this transmittal is prohibited. If you have
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- Original Message-----
From: Heather Ramey
Sent: Wednesday, October 23, 2002 9:38 AM
To: David Blackburn
Subject: CK FOR BILL MANN
9/3/02 I issued a check for Bill Mann for $5,000. based on ORD # 2002-90
The mayor pulled the check and asked me to hold it. I sent you a copy of this info. 10/16/02 asking if you would take a
minute to discuss the situation with the Mayor. Do I continue to hold the check or does it need to be voided?
• The information in this e-mail may be privileged, confidential and protected from disclosure. If you are not the
intended recipient, you are hereby notified that any distribution or copying of this transmittal is prohibited. I you
have received this e-mail in error, notify the sender and delete all copies. Thank you.