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CITY OF GRAMBLING ORDINANCE NO. 070711-3

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CITY OF GRAMBLING
ORDINANCE NO. 070711-3
AN ORDINANCE OF THE CITY OF GRAMBLING TO DECLARE PROPERTY AS SURPLUS AND TO AUTHORIZE SALE OF SAID SURPLUS PROPERTY
WHEREAS, an ordinance has been proposed to be adopted by the Board of Aldermen of the City of Grambling; and WHEREAS, the proposed ordinance must be introduced by its title; and WHEREAS, a public hearing must be held prior to its adoption; and
WHEREAS, the title of the proposed ordinance must be published in the official journal and the notice shall provide for the time and place where the Board will consider its adoption. NOW THEREFORE, BE IT ORDAINED that the following ordinance be and it is hereby adopted by the Board of Aldermen of the City of Grambling:
Section 1: Pursuant to a motion held at the Board of Aldermen Meeting held on July 7, 2011, the following property was deemed to be surplus property as such property is no longer needed for public purposes and that same should be sold: Approximately 16 acres of land located behind the Community Center on Kings Street in Grambling, contained within the following legal description: Beginning at the NW corner of Section 29, Township 18 North, Range 3 West, thence run South 00 degrees 03 minutes West along the section line for a distance of 587 feet; thence run South 89 degrees 21 minutes East to the East boundary line of NW 1/4 of NW 1/4, Section 29, Township 18 North, Range 3 West a distance of 1306 feet: thence run North 00 degrees 03 minutes East along the East boundary line of NW 1/4 of the NW 1/4 Section 29, Township 18 North, Range 3 West to the NE corner of the NW 1/4 of NW 1/4, Section 29, Township 18 North, Range 3 West a distance of 587 feet; thence run North 89 degrees 21 minutes West along the section line to the point of beginning a distance of 1306 feet. The full complete legal description of the approximate 16 acres of property located within the above listed legal description being sold shall be determined by a survey to be completed prior to the final adoption of this ordinance.
Section 2: It has been determined that the above listed property is no longer needed for public purposes due to the slope and other physical properties of the land and that the property has not been significantly improved since it was purchased in 1965.
Section 3: Moreover, the City has been approached by a developer who desires to purchase the land, make improvements to the land, and build homes on the land. The developer who desires to purchase the property needs to secure its rights to the property in order to obtain financing on the development. It has been determined that the sale of this property and the granting of an option to purchase the property is in the best interest of the City of Grambling with the City of Grambling reserving the mineral rights to the land.
Section 4: In order to accomplish the sale of the surplus property identified above, the City of Grambling intends to execute an option to sell the above listed surplus property for $1,600 with said option granting the buyer the exclusive right to purchase the property for a minimum of $10,000 per acre within 6 months of the execution of the option with the City of Grambling reserving all mineral rights in the land. The option to be executed shall provide that the consideration paid for the option shall be applied to the purchase price if the purchaser timely exercises its option to purchase but shall become the property of the City of Grambling without further formality if the purchaser does not exercise the option.
Section 5: Notice of this ordinance will be published three times in fifteen days, one week apart, in the Ruston Daily Leader, the Official Journal of the City of Grambling, beginning the week of July 11, 2011 as required by law.
Section 6: This ordinance was introduced at the July 7, 2011 meeting. A public hearing shall be held on August 4, 2011 at 5:30 p.m., immediately preceding the August 4, 2011 Board of Alderman Meeting.
Section 7: Any opposition to this ordinance must be made in writing, filed with the clerk or secretary of the City of Grambling within fifteen days of the first publication. In accordance with La. R.S. 33:4712(C), this shall not become effective until ten days after its passage, during which time any interested citizen may apply to the Lincoln Parish District Court for an order restraining the disposition of the property. After this ordinance becomes effective, it cannot be contested for any reason.
Section 8. This Ordinance was duly introduced, published in accordance with law, and then duly read and adopted by the following votes:
5: YEAS None: NAYS None: ABSENT None: ABSTAIN.
3td: July 13, 19 & 26, 2011

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