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Home My WebLink AboutRESOLUTION MCKNIGHT PROPERTIES .. ". ..11 RESOLUTION TO AUTHORIZE SALE OF PROPERTY TO Me PROPERTIES, INC. IGHT COpy WHEREAS, the Augusta Commission (hereinafter "City" or "Augusta dated December 5, 2006 approved the transfer and sale of property commonly known as Map and Parcel 022-0-010-14-0 and Map and Parcel 022-0-026-00-0 (the "Property"), to the Augusta, Georgia Land Bank Authority (the "Land Bank"); and WHEREAS, McKnight Properties, Inc. has offered to purchase the property known as Map and Parcel 022-0-010-14-0 as shown as Parcel 3, containing 6.40 acres on a plat prepared by Cranston, Robertson & Whitehurst, P.C. for McKnight Properties, Inc. dated September 22, 2006, a copy of which is attached hereto and incorporated herein by reference and the property known as Map and Parcel 022-0-026-00-0 as shown as a tract containing 5.72 acres on a plat prepared by Cranston, Robertson & Whitehurst, P.C. for McKnight Properties, Inc. dated September 15,2006, a copy of which is attached hereto and incorporated herein by reference, for $30,000.00 per acre, and WHEREAS, the transfer of such property from Augusta, Georgia was conditioned upon the net sales proceeds being delivered to Augusta, Georgia. NOW THEREFORE, it is hereby resolved as follows: 1. That the conveyance of the property known as Map and Parcel 022-0-010-14-0 and shown as Parcel 3, containing 6.40 acres on a plat prepared by Cranston, Robertson & Whitehurst, P.C. for McKnight Properties, Inc. dated September 22,2006 and the property known as Map and Parcel 022-0-026-00-0 as shown as a tract containing 5.72 acres on a plat prepared by Cranston, Robertson & Whitehurst, P.C. for McKnight Properties, Inc. dated September 15,2006 is hereby accepted. 2. The contract from McKnight Properties, Inc. to purchase s iCOp for $30,000.00 per acre is hereby accepted. Y 3. It is further resolved that the Chairman of the Augusta, Georgia Land Bank Authority, and its Coordinator are authorized to execute a Limited Warranty Deed to McKnight Properties, Inc. and such other documentation as may reasonably be required, in form approved by the Authority's Attorney, conveying all of the Augusta, Georgia Land Bank Authority's interest in the property, to McKnight Properties, Inc., subject to easements and restrictions of record. 4. That the net proceeds from the sale of the property shall delivered to Augusta, Georgia. 5. This Resolution shall be recorded in the Minutes of the Augusta., Georgia Land Bank Authority, accompanied by the exhibits referred to herein. Duly adopted by the Augusta, Georgia Land Bank Authority, this 13th day of December, 2006. Augusta, Georgia Land Bank Authority ATT Its: Coordinator (Seal)