HomeMy WebLinkAbout2010-013 MOU, Bill of sale&Release of Easement TexacoRESOLUTION NO. R-2010-013
A RESOLUTION AUTHORIZING EXECUTION OF A MEMORANDUM OF
UNDERSTANDING, BILL OF SALE AND RELEASE OF EASEMENT FROM TEXACO
DOWNSTREAM PROPERTIES, INC. AND ACCEPTING THE CONVEYANCE OF SUCH
PROPERTY IN CONNECTION WITH THE ARGOSY BRIDGE CONSTRUCTION PROJECT
WHEREAS, construction activities on the Argosy Bridge Construction Project
encountered an abandoned pipeline currently owned by Texaco Downstream Properties, Inc.;
and
WHEREAS, Texaco Downstream Properties, Inc. has agreed to transfer all right, title and
interest it has in such pipeline to the City of Riverside to facilitate such bridge construction; and
WHEREAS, the Board of Aldermen find it is in the best interest of the City to enter into an
agreement to provide for the testing of such pipeline prior to conveyance and to accept transfer
of the pipeline and easement rights associated therewith following such testing;
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE
CITY OF RIVERSIDE, MISSOURI, AS FOLLOWS:
THAT the Mayor is hereby authorized to execute and deliver the Memorandum of
Understanding, Bill of Sale and Termination and Release of Easement by and between
Texaco Downstream Properties, Inc. and the City of Riverside, Missouri in substantially the
same form as attached hereto as Exhibits "A", "B" and "C" and the City Clerk is authorized to
attest thereto;
FURTHER THAT the City Administrator, Mayor and/or Finance Director are hereby
authorized to execute all documents necessary to carry out the terms and conditions of such
documents and to effectuate the transfer of real property contemplated therein and the City
Clerk is authorized to attest thereto.
PASSED AND ADOPTED by the Board of Aldermen and APPROVED by the Mayor
of the City of Riverside, Missouri, the ~~day of , 2010.
Kathleen L. Rose, Mayor
ATT ST:
Robin Littrell, City Clerk
Approved as to Form:
c Th pson, City Attorney