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HomeMy WebLinkAboutRES 81-87 7 R E S O L U T I O N WHEREAS, on October 7, 1980, the City of Beaumont and Jefferson County entered into an option for the purchase by the City of three tracts of property known as the TB Hospital Property; and, WHEREAS, the City desires to exercise its option for the purchase of Tract 1 as described in said option agreement; and, WHEREAS, the Beaumont Art Museum will pay to the City the purchase price of the property; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT: Section 1. THAT the City Manager be, and he is hereby, authorized to execute the option to purchase Tract 1 as described in the option agreement between Jefferson County and the City of Beaumont dated October 7, 1980 for the sum of $85,000. Section 2 . That the City Manager be, and he is hereby, authorized to enter into a lease with the Beaumont Art Museum for a term of 50 years, leasing the TB Hospital property to the Beaumont Art Museum for the purpose of developing a new art museum on the property . PASSED BY THE CITY COUNCIL of the City of Beaumont this the ez1 day of � _ - , 1981. I Z1 ,