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Legislation #: 970518 Introduction Date: 4/17/1997
Type: Ordinance Effective Date: 5/11/1997
Sponsor: COUNCILMEMBER LOAR
Title: Approving the sale of former University Hospital at 612-614 Garfield; authorizing the Director of Finance to enter into a real estate contract on behalf of the City with HOMKOR of Missouri, Inc.; and authorizing the Director of Finance to execute a special warranty deed therefor to HOMKOR of Missouri, Inc., in furtherance of said real estate contract.

Legislation History
DateMinutesDescription
4/17/1997

Referred Finance & Administration Committee

4/23/1997

Advance and Do Pass

4/24/1997

Assigned to Third Read Calendar

5/1/1997

Passed


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ORDINANCE NO. 970518

 

Approving the sale of former University Hospital at 612-614 Garfield; authorizing the Director of Finance to enter into a real estate contract on behalf of the City with HOMKOR of Missouri, Inc.; and authorizing the Director of Finance to execute a special warranty deed therefor to HOMKOR of Missouri, Inc., in furtherance of said real estate contract.

 

WHEREAS, Resolution No. 960305, passed April 4, 1996, declared the property in excess to the City's needs for public use and authorized the sale by competitive bids; and

 

WHEREAS, the City by that competitive bid process, received a bid from HOMKOR of Missouri, Inc., in the amount of $225,000.00 for said property; and

 

WHEREAS, the City and HOMKOR of Missouri, Inc., have engaged in certain negotiations and desire to commit to the results of those negotiations; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Council hereby accepts the bid from HOMKOR of Missouri, Inc., in the amount of $225,000.00, for the sale of the property known as University Hospital located at 612-614 Garfield and approves the sale of said property to HOMKOR.

 

Section 2. That the Director of Finance is hereby authorized to execute a real estate contract on behalf of the City with HOMKOR of Missouri, Inc., a copy of which contract is attached hereto in substantial form.

 

Section 3. That the Director of Finance is hereby authorized to execute a special warranty deed, a copy of which is attached hereto in substantial form, conveying the property located at 612-614 Garfield to HOMKOR of Missouri, Inc., upon satisfaction of the terms and conditions of said real estate contract.

 

_____________________________________________________________

 

Approved as to form and legality:

 

 

 

____________________________________

Director of Finance