HomeMy WebLinkAboutCouncil Resolutions 1807 RESOLUTION NO. t C' C
A RESOLUTION APPROVING THAT PURCHASE AND SALE AGREEMENT— PROPERTY
EXCHANGE —CITY OF CENTRAL POINT/JACKSON COUNTY SCHOOL DISTRICT NO. 6
AND AUTHORIZING CITY MANAGER TO EXECUTE SAME
Recitals:
A. City is the owner of certain real property located in Jackson County, Oregon, and
commonly known as Township 37 South, Range 2 West, Section 10AB, Tax Lot 1300 ("City
Property"). City Property is approximately 4.16 acres in size and is developed with park/field and
parking lot improvements.
B. District is the owner of certain real property located in Jackson County, Oregon,
consisting of four (4) contiguous tax lots commonly known as: (i) Township 37 South, Range 2
West, Section 03CA, Tax Lot 200; (ii) Township 37 South, Range 2 West, Section 03CB, Tax Lot
200; (iii) Township 37 South, Range 2 West, Section 03CC, Tax Lot 116; and (iv) Township 37
South, Range 2 West, Section 03CD, Tax Lot 221 (collectively "District Property"). District
Property is approximately 7.06 acres in size and is developed with park improvements.
C. City desires to convey to District the City Property pursuant to the terms and
conditions of this Agreement. District desires to convey to City the District Property pursuant to
the terms and conditions of this Agreement.
D. The City Property and the District Property have been appraised, with the value of
the District Property exceeding the value of the City Property. The parties desire to utilize the
agreed-upon appraised values resulting in the City owing the District the difference in price which
will be payable pursuant to a promissory note over a term of 5-years.
The City of Central Point resolves as follows:
Section 1. The Central Point City Council Approves that Purchase and Sale Agreement —
Property Exchange—City of Central Point/Jackson County School District No. 6 attached
hereto, and authorizes the City Manager to execute same.
Passed by the Council and signed by me in authentication of its passage this I( I day
of November, 2024.
Mayor Hank Williams
ATTEST: �r
City Recorder
Res. No. l C-C ; (City Council Meeting 11/14/2024) Page 1