20170103 Andalusia City Council Meeting January 3 2017
Date: 2017-01-03 Type: Regular Meeting
Quick Summary
Council moved and seconded to approve the minutes of the Dec. 20, 2016 meeting; the minutes were adopted by hand/voice vote. Council considered and adopted Resolution 2017-01 (appears as Resolution 201701) to ratify the acquisition of the historic First National Bank building at South Cotton and Coffee for $260,000 plus $1,500 closing costs, with payment from city reserves; the resolution passed unanimously by hand vote.
Key Decisions
- Approved minutes of the regular meeting held Dec. 20, 2016 (motion, second; adopted by hand/voice vote).
- Adopted Resolution 2017-01 (appears as Resolution 201701) approving and ratifying the acquisition of the historic First National Bank building at South Cotton and Coffee (motion by Mr. Powell; second by Mr. Wells).
- City paid $260,000 for the building and $1,500 in closing costs; payment will be made from city reserves.
- Resolution 2017-01 was adopted unanimously (hand vote).
Notable Discussion
- Location of the acquired property: corner of South Cotton Street and Coffee Street.
- Council has been working on downtown revitalization and securing this building for redevelopment.
- Mayor noted the city closed the transaction last Thursday at 5:00 p.m. and the council’s resolution ratified that purchase.
Action Items
- Record approval of the Dec. 20, 2016 meeting minutes in the council record.
- Enter and record adoption of Resolution 2017-01 (Resolution 201701) ratifying the First National Bank building acquisition.
- Record the payment of $260,000 and $1,500 in closing costs and that funds are drawn from city reserves.