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HomeMy WebLinkAboutOrd1947-166 r ORDINANCE NO. 166 AN ORDINANCE AUTHORIZING THE CONVEYANCE OF LOTS 31, 32 and 33, BLOCK 16 SEivARD TOWNSITE, TO RICHARD O. SELLERS, AND ACKNOI/LEDGING FURTHER INDEBTEDNESS Be it ordained by the Common Council of the City of Seward, laska; Section 1. That the City of Seward, Alaska on the 17th day of une 1946, acquired by purchase from the FEDERAL \DRKS AGENCY, titl to all of Lots 27, 28, 29, 30, 31, 32 and 33 in Block 16 of the riginal Townsite of Seward, Alaska, for the total consideration of $13,205.00. Section 2. That at the time of making said purchase, the City f eward was without funds, but did recognize the compelling necessit or a larger and more convenient public building to serve as a City all and for other municipal purposes, and did thereupon enter into n agreement with Richard O. Sellers of Seward, Alaska, whereby it AS specifically understood and agreed ,as follows: (a) That Richard O. Sellers advance to the City of Seward, Alaska, as a loan, the sum of $13,205.00 for the purchase of all lots 27, 28, 29, 30, 31, 32 and 33 in Block 16, together with all the buildings and improvements situate thereon, and including all the furniture, fixtures, and personal property of every kind and description contained in said buildings; xa said building being heretofore used and occupied by the USO. (b) That in consideration 6f such loan and advance the City of Seward, Alaska grant to said Richard O. Sellers the exclusive use and possession of the Building situate on the ~orth 28' of Lot 31 and all of lots 32 and 33, Block 16, as well as all the personal property therin contained, from and after the date of the purchase thereof by the City of Sewara (17th June 1946). (c) That on, or immediately after the 5th day of July 1947, the City of Seward, Alaska convey to Richard O. Sellers his heirs and assigns, by a good and sufficient Deed, title to the North 28' of Lot 31 and all of Lots 32 and 33 in Block 16 of the Original Seward Alaska Townsite, as well as title to all the furniture, fixtures, equipment and other personal property contained in the building situate on said lots; and that such conveyance be regarded as repay. ment of the sum of Si~ Thousand Dollars ($6,000.00) of said loan, with interest: (d) That the City of Seward Alaska, in addition to the making of such conveyance of the N28' of Lot31 and all of Lots 32 and 33 in Block 16, also repay to Richard O. Sellers, the balance of said loan, in the amount of $7,205.00, together with interest thereon from the 17th June 1946 at the rate of 6% per annum, on or before the 1st day of October 1947. Sedtion3. That such an agreement is fair and very reasonable and for the best interests of the people of Seward Alaska; that as result of such transaction, purchase and agreement, the City of Seward has acquired title to Lots 27, 28, 29, 30 and the South 2' of Lot 31, Block 16, Original Townsite of Seward Alaska, upon whic is situate the large Hall formerly used by the USO. ,,--" r -- . Section 4. That the Mayor and Municipal Clerk be and they are hereby authorized to convey, on or innediately after the 5th day of July 1947, by a good and sufficient deed, or other suitabl, and satisfactory instruments of conveyance, title to the North 28' of Lot 31 and all Of Lots 32 and 33 in Block 16, Original Townsite of Seward, Alaska, to Richard O. Sellers; that such conveyance shall be regarded as equivalent to payment1 by the City of Seward, Alask of the sum of Six Thousand Dollars (t6,000.OO) and interest, and shall reduce theloan and the indebtedness accordingly. Section 5. That on or before the 1st day of October 1947, the City of Saward, Alaska shall pay to Richard O. Sellers.the balance of said loan, in the amKm amount of Seven Thousand Two Hupdred Fiv Dollars ($7,205.00), together with interest thereon at the rate of 6% per annum from the 17th June 1946. Section 6. That conveyance as specified in Section 4 hereof, and payment as specified in Section 5 hereof, shall consitutex complete and final discharge of the obligation of the City of Seward, Alaska to said Richard O. Sellers and shall constitute full and complete compliance and performance of the agreement afresaid on the part of the City of Seward, Alaska. Passed and approved this 25th day of February 1947. Signedf!ld/! J.I~~ Mayor Attest ~~ City Clerk.