HomeMy WebLinkAboutORD 81-14 ORDINANCE NO. fl-° //
ENTITLED AN ORDINANCE AUTHORIZING
ACQUISITION OF THE LEASEHOLD ESTATE
IN THE TEMPERANCE HALL PROPERTY AND
AUTHORIZING CONVEYANCE OF THE PROPERTY
TO THE CENTRAL CITY DEVELOPMENT CORPORATION
FOR THE DEVELOPMENT OF A PARKING LOT;
AND PROVIDING FOR SEVERABILITY.
WHEREAS, in 1921 the Beaumont Temperance Hall Company
conveyed to the City of Beaumont certain real property described
as Lot No . 78 in Block No . 14 of the Original Town of Beaumont,
known as the Temperance Hall property; and,
WHEREAS, by agreement dated November 14, 1928, the City
of Beaumont leased the property to Sam Fertitte for a term of 99
years; and,
WHEREAS, the property has become deteriorated and
uneconomic, and the City desires to acquire the leasehold interest
from the assigns of Sam Fertittao and,
WHEREAS, Central City Development Corporation has
offered to purchase the property for the development of a parking
lot; and,
WHEREAS, there is a shortage of adequate parking in
downtown Beaumont; and,
WHEREAS, the fair market value of the property has been
determined by an appraisal made by M. L. Lefler, Jr. , said fair
market value being $78,000;
NOW, THEREFORE BE IT ORDAINED
BY THE CITY OF BEAUMONT:
Section 1 .
That the City Manager be, and he is hereby, authorized
to acquire the leasehold interest in Lot 78 in Block 14 of the
Original Town of Beaumont for the sum of $60,000.
Section 2.
That all taxes due the City of Beaumont on the leasehold
estate in said property are hereby discharged.
- � ;
Section 3 .
That the City Manager be, and he is hereby, authorized
to sell the property to Central City Development Corporation for
the sum of $78,000, and to execute all instruments necessary to
effect the transfer of fee title to the property to Central City
Development Corporation.
Section 4 .
That the City Manager be, and he is hereby, authorized
to enter into an agreement with Central City Development
Corporation for development of the property as a parking lot.
Section 5 .
That if any section, subsection, sentence, clause or
phrase of this ordinance, or the application of same to a
particular set of persons or circumstances, should for any reason
be held to be invalid, such invalidity shall not affect the
remaining portions of this ordinance, and to such end the various
portions and provisions of this ordinance are declared to be
severable.
"'�/ PASSED BY THE CITY COUNCIL of the City of Beaumont this
the a7. day of 1981 .
-
Mayor`-'
2