HomeMy WebLinkAbout2005-R-4BEFORE THE BOARD OF PUBLIC WORKS AND SAFETY
FOR THE CITY OF JEFFERSONVILLE
IN THE STATE OF INDIANA
RESOLUTION NO. 2005-R-_~
A RESOLUTION ENDORSING TRANSFER OF THE
RIVER FALLS MOTEL TO THE JEFFERSONVILLE
REDEVELOPMENT COMMISSION
WHEREAS, the City of Jeffersonville, Indiana (the "City") received the
property described in Exhibit "A" attached hereto and incorporated herein by
reference, commonly known as the River Falls Motel & Lounge ("River Falls"),
from River Falls, Inc., an Indiana corporation, by Warranty Deed (the "Deed")
dated November 9, 2005 and recorded November 10, 2005 in Deed Drawer in
the office of the Recorder of Clark County, Indiana; and
WHEREAS, the Deed was conveyed pursuant to an Order Approving
the Sale by Auction of River Falls Motel ~onducted on June 24, 2005; and
WHEREAS, the City desires that the River Falls be developed for
purposes of promoting economic development; and
WHEREAS, the Jeffersonville Redevelopment Commission (the
"Commission") is a governmental entity under Indiana law; and
WHEREAS, the Jeffersonville City Council approved transfer of the
River Fails to the Commission on the 27th day of December, 2005; and
WHEREAS, the River Falls is not needed for operation of any City
services; and
WHEREAS, the Commission intends to advertise and solicit request
for proposals pursuant to Indiana law; and
WHEREAS, development and renovation of the River Falls is in the
best interest ofJeffersonville s cmzens.
NOW, THEREFORE, IT IS HEREBY RESOLVED that the
Board of Public Works and Safety for the City of Jeffersonville endorses and
approves the transfer of the River Falls to the Commission for the sum of not
less than $325,000.00, which shall be paid from any proceeds from the
· ' 's of the River Falls.
Commission sale
IT IS FURTHER RESOLVED that the aforementioned sum shall be
deposited into the Economic Development Income Tax (EDIT) fund·
Adopted ~ da of December, 2005
this Y / .....
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Officer
ATTEST:
p e--~xg~e r' Clerk-Treasurer