HomeMy WebLinkAbout1991-R-16 RESOLUTION NO. 9~-R-.~
RESOLUTION OF THE COMMON coUNCIL OF
jEPFERSONVILLE, INDIi~N~ ~UTHORIZING THE
TRANSFER OF CERTAIN RE~L PROPERTY BY THE CITY
TO THE JEFFERSONVILLE REDEVELOPMENT ~UTHORITY
WHEREAS, the jeffersonville Redevelopment Authority (the
,,Authority") has heretofore authorized the issuance of its Lease
Rental Revenue Bonds (Riverside Landing Development Project)
(Capital Appreciation Bonds) in the principal amount not to exceed
Three Million Five Hundred Thousand Dollars ($3,500,000) in order
to finance certain land and public improvements (the ,,Project") to
be leased to the jeffersonville Redevelopment Commission (the
,,Commission") pursuant to a Lease dated as of November 1, 1990 (the
,,Lease"); and
WHEREAS, it is necessary for the Authority to acquire
certain land from the city constituting part of the Project to be
leased to the Commission pursuant to the Lease; and
WHEREAS, the Common Council of the city of
jeffersonville, Indiana (the "Common Council") desires to transfer
to the Authority the real property described in Exhibit A.
NOW, THEREFORE, BE IT RESOLVED BY THE cOMMON COUNCIL OF
THE CITY OF jEFFERSONVILLE AS FOLLOWS:
Section 1. The Common Council hereby approves the
transfer of the real property described in Exhibit A from the city
to the Authority, which property is needed by the Authority in
connectionwith the Project for public improvements consistent with
the purposes set forth in IC 36-7-14.5.
is
the Authority.
Section 3.
and effect after its
Section 2. The Mayor of the City of jeffersonville
authorized to execute a deed conveying said real property to
This Resolution shall be in full force
adoption by the Common Council.
Passed and adopted this 1st day of April, 1991, by
the Common Council of the City of jeffersonville, Clark County,
Indiana.
A~ME~L. C~RTER
PRESIDENT, COMMON COUNCIL
ATTEST:
Presented by me as
City of jeffersonville,
Approved and signed
Clerk-Treasurer to the Mayor of the
Indiana, this /~-- day of
CLERK-TREASURER
by me this
day of
~AY~R DALE L. OREM
EXHIBIT A
The following described existing public Right-of-Ways in the
City of jeffersonville, Clark County, Indiana:
(1) 60 foot wide strip of West Market Street (formerly
Second Street) from the western Right-of-Way line of Interstate
Highway %65 to the eastern Right-of-Way line of U.S. Highway #31;
(2) 60 foot wide strip of West Riverside Drive (formerly
First Street) from the Eastern Right-of-WaY line of Interstate
Highway %65 to the west Right-of-Way line of Illinois Avenue;
(3) 60 foot wide strip of Indiana Avenue from the north
line of West Riverside Drive (formerly First Street) to the south
line of West Market Street (formerly Second Street); and
(4) 60 foot wide strip of Illinois Avenue from the north
line of West Riverside Drive (formerly First Street) to the south
line of West Market Street (formerly Second Street).