97-5146 Warranty DeedConsoti0aiedSellna
RESOLUTION NUMBER 97-5146
A RESOLUTION AUTHORIZING THE MAYOR TO EXECUTE A SPECIAL
WARRANTY DEED TO WINDSOR NURSING HOME ASSOCIATES, INC.
WHEREAS, in 1990 the City of Salina (the "Issuer") issued industrial
revenue bonds (the "Bonds") for the benefit of Windsor Nursing Home
Associates, Inc. (the "Tenant"); and
WHEREAS, Sunflower Bank, N.A. serves as the City's trustee (the
"Trustee") under the industrial revenue bond issue; and
WHEREAS, the Tenant has taken the steps necessary to redeem the
Bonds and exercise its option to purchase its facility located at 623 South
Third Street, Salina, Kansas (the "Facility") ; SO NOW THEREFORE
BE IT RESOLVED by the Governing Body of the City of Salina,
Kansas:
Section
1. That
the Mayor
is hereby authorized to execute a
special
warranty deed
conveying
title to
the Facility to Windsor Nursing
Home
Associates, Inc.
Section 2. That the City Attorney is authorized to deliver the
special
warranty deed
upon
written confirmation by the Trustee that
the
Tenant
has fulfilled all
of its
obligations under the industrial revenue
bond
issue.
Section 3. That this resolution shall be in full force and effect
from and after its adoption.
Adopted by the Board of Commissioners and signed by the Mayor
this 14th day of April, 1997.
Evelyn Maxwell, Mayor
(SEAL)
ATTEST:
D . Lo g,
CMC, Cit Clerk