|
RESOLUTION
TO APPROVE THE SALE OF .04± ACRES OR APPROXIMATELY 1,642 SQUARE FEET OF LAND
LOCATED AT THE INTERSECTION OF CHERRY ROAD AND
CHARLOTTE AVENUE
WHEREAS, Winthrop
University is located in York County; and owns a .536 acre
parcel located at 700 Cherry Road, Rock Hill, South Carolina
with improvements on said parcel known as the Bookworm; and
WHEREAS, Winthrop University acquired the
Bookworm parcel by issuing bonds referred to as the $810,000
Winthrop University Auxiliary Facilities Revenue Bonds, Series
1997 (“Facilities Revenue Bonds”); and
WHEREAS, the City of Rock
Hill desires to purchase a narrow strip of land containing .04±
acres in the amount of $23,600, for use as a right turn lane on
Charlotte Avenue at the intersection of Cherry Road; and
WHEREAS, Winthrop University desires to
dispose of this property and retain the proceeds from the sale
for use in accordance with the Facilities Revenue Bonds; and
WHEREAS, the Trustee under
the Facilities Revenue Bonds has been provided with an appraisal
in accordance with the requirements of Section 7.12 (C) of the
Facilities Revenue Bonds relating to the sale of any portion of
the Facilities; and
WHEREAS, the Budget and Control Board
approved the sale of .04±
acres, or approximately 1,642 square feet at 700 Cherry Road, to
the City of Rock Hill in the amount of $23,600, to provide
additional land for installation of right turn lane at the
intersection of Cherry Road and Charlotte Avenue in accordance
with Section 7.12 (C) of the Facilities Revenue Bonds.
THEREFORE, BE IT RESOLVED, the Board of Trustees of
Winthrop University does hereby approve the sale of .04± acres, or approximately 1,642 square feet to the City
of Rock Hill for $23,600 to provide additional land for
installation of a right turn lane at the intersection of Cherry
Road and Charlotte Avenue based on the approval from the Budget
and Control Board on January 27, 2000.
June
8, 2001
|
