HomeMy WebLinkAboutRES 98-221 RESOLUTION NO.
BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF BEAUMONT:
WHEREAS, the City has received an offer from Mrs. Gilbert Fortune of a gift of
shares of common stock equal in value to $62,500, together with a deed of Mrs. Fortune's
one-sixth (1/6) interest in the Gilbert Building; and,
WHEREAS, the purpose of the gift would be limited such that the City would be
required to use the proceeds from the sale of the stock for the purchase of the other five-
sixths (5/6) interest in the Gilbert Building; and
WHEREAS, the uses of the building would be limited by deed to certain charitable
uses; and,
WHEREAS, the City Council desires to accept the generous offer of Mrs. Fortune.
NOW THEREFORE BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT
THAT the City Manger is hereby authorized to negotiate appropriate instruments of
conveyance and gift and execute all documents necessary to complete the transaction.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the of
1998.
-Mayor-