Bill Ordinance AN ORDINANCE AUTHORIZING THE MAYOR TO ENTER INTO

							Bill 2005-52                                                             Ordinance 5229

AN ORDINANCE AUTHORIZING THE MAYOR TO ENTER INTO
     A REAL ESTATE CONTRACT FOR PURCHASE OF
APPROXIMATELY 2,850 LINEAL FEET OF FORMER RAILROAD
 PROPERTY FROM HAWKEYE LAND CO. ADJACENT TO THE
          CROSSROADS CORPORATE CENTER

       Whereas, the City of Cameron has purchased and developed, through tax
increment financing and other means, the Crossroads Corporate Center for the purpose of
promoting economic development through business attraction and business retention; and

        Whereas, such investment and development in the Center has produced ten active
business enterprises with over 270 jobs producing $1,150,000 in annual local sales and
real estate taxes plus infrastructure improvements including a water tower and utility
extensions which serve and benefit a greater portion of the City of Cameron; and

        Whereas, former railroad property along the west boundary poses an impediment
to future commercial development within and adjacent to the Center; and

        Whereas, acquisition of said property by the City would encourage and promote
future development therein, would be in the interest of the citizens of Cameron and would
be a proper function of the City.

      NOW, THEREFORE, BE IT ORDAINED by the City of Cameron, Clinton and
DeKalb Counties, Missouri as follows:

        Section 1. The Mayor is authorized to enter into a Real Estate Contract for the
purchase of approximately 2,850 lineal feet of former railroad property comprising
approximately 6.54 acres from Hawkeye Land Co. in the amount of $15,000 as described
in the Contract which is attached hereto and made a part hereof.

       Section 2. The Mayor is authorized to execute any ancillary documents necessary.

       Section 3. The City Clerk is directed to attest to the Mayor’s signature.

       Read two times, passed and approved this 6th day of September 2005.




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ATTEST:                                              Mayor Larry L. McCord, Jr.


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City Clerk