SALE OF CITY-OWNED PROPERTY

Item 11: Consideration of Sale of City-Owned Property at 206 and 210 North Pine Street and 114 S. Tillery Street and Approval of Entering into Home Purchase Agreement with Kevin Jones (high bid = $24,000; no upset bids received; requires receipt of certificate of occupancy within 18 months; deed to contain restrictive covenants requiring houses to be occupied by individual(s) whose income is not more than 80% of the area median income for at least ten (10) years; requires note/deed of trust; and quarterly reports detailing progress of renovation work)

Recommended Action: Adopt Resolution Accepting Offer to Purchase Surplus Property (pursuant to terms of Home Purchase Agreement previously approved) and Authorize Mayor and City Clerk to execute Deeds and Such Other Documentation to Convey Property)

Votes:

Knight - Y
Blackwell - Y
Joyner - Y
Walker - Y
Daughtridge - Y
Bullock - Y
Miller - Y