HomeMy WebLinkAboutRESOLUTION AND DEEDS TO AUTHORIZE TRANSFER AND SALE OF PROPERTY WYEVALE ROAD AND WINDEMERE DRIVE TO LAND BANK AUTHORITY Book 01262:0157 Augusta - Richmond County
• ,„ 2010026246 06/03/2010 16:21:20.00
RESOLUTION TO AUTHORIZE TRANSFER AND SALE OF PROPERTY TO THE
AUGUSTA, GEORGIA LAND BANK AUTHORITY
WHEREAS, the Augusta Commission (hereinafter "City" or "Augusta ") has approved
the transfer and sale of a portion of the property located at the intersection of Wyevale Road and
Windermere Drive (the "Property ") to the Augusta, Georgia Land Bank Authority (the "Land
Bank), a copy of a plat of the Property is attached hereto and incorporated herein by reference;
and
WHEREAS, it is anticipated that the Land Bank will simultaneously sell the Property for
the sum of $5,000.00 to G. B. Sharma; and
WHEREAS, such transfer is conditioned upon and contingent upon net sales proceeds
being delivered to Augusta, Georgia.
NOW THEREFORE, it is hereby resolved as follows:
1. That a portion of the Property located at the intersection of Wyevale Road and
Windermere Drive shall be transferred to the Augusta, Georgia Land Bank Authority
in consideration of the net sales proceeds from any sale of the Property by the
Augusta, Georgia Land Bank Authority being delivered to Augusta, Georgia for
deposit in the General Fund of Augusta, Georgia. It is anticipated that the subject
Property will be sold to G. B. Sharma for $5,000.00. It is further resolved that the
Mayor of Augusta, Georgia shall execute a Limited Warranty Deed from Augusta,
Georgia and such other documentation as may reasonably be required, in form
approved by its Counsel, conveying all of Augusta's interest in the Property, which
interest is subject to all easements and restrictions of record.
2. This Resolution shall be recorded in the Minutes of the Augusta - Richmond County
Commission, accompanied by the exhibits referred to herein.
Duly adopted by the Augusta - Richmond County Commission as of the 2nd day of