Subject: 18914 Purchase Prop/Two Market Street
Date: Fri, 18 Jan 1991 11:30:00 -0500


                               RESOLUTION NO. 18914
                  
                  
                   A RESOLUTION AUTHORIZING THE MAYOR AND CITY
                   FINANCE OFFICER TO EXECUTE AND ATTEST,
                   RESPECTIVELY, ALL DOCUMENTS NECESSARY FOR
                   THE PURCHASE BY THE CITY OF CHATTANOOGA,
                   TENNESSEE FROM THE RIVERCITY COMPANY OF
                   CERTAIN REAL PROPERTY LOCATED AT TWO MARKET
                   STREET, CHATTANOOGA, TENNESSEE, FOR THE
                   PURCHASE PRICE NOT TO EXCEED THREE HUNDRED
                   FIFTY THOUSAND AND NO/100 ($350,000.00)
                   DOLLARS PLUS CLOSINGS COSTS CUSTOMARILY PAID
                   BY THE BUYER.
                  
                  
                                                    
                  
                  
       	    	 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
       CHATTANOOGA, TENNESSEE, That the Mayor and City Finance Officer 
be
       and are hereby authorized to execute and attest, respectively, 
all
       documents necessary for the purchase by the City of Chattanooga,
       Tennessee from the RiverCity Company of certain real property
       located at Two Market Street, Chattanooga, Tennessee, for the
       purchase price not to exceed $350,000.00 plus closing costs
       customarily paid by the buyer.
      
       ADOPTED: February 5, 1991
      
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