MISSISSIPPI LEGISLATURE

2003 Regular Session

To: Public Property; Appropriations

By: Senator(s) Michel

Senate Bill 2424

(As Passed the Senate)

AN ACT TO AUTHORIZE THE DEPARTMENT OF FINANCE AND ADMINISTRATION TO PURCHASE CERTAIN REAL PROPERTY LOCATED ON NORTH PRESIDENT STREET IN THE CITY OF JACKSON, HINDS COUNTY, MISSISSIPPI; AND FOR RELATED PURPOSES.

     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

     SECTION 1.  (1)  The Bureau of Building, Grounds and Real Property Management, Department of Finance and Administration, may purchase certain real property located at 222 North President Street in the City of Jackson, Hinds County, Mississippi, being more particularly described as follows:

     A certain parcel of land being situated in a

     part of Lot 6, Square 2 North, H.C. Daniel's Map

     Of the City of Jackson, Mississippi (1875), and

     being more particularly described as follows:

     Commence at an existing 1/2" iron pin marking

     the Point of Intersection of the South right-of-way

     line of Yazoo Street with the East right-of-way

     line of North President Street (as both are now

     laid out and improved); run thence South 08 degrees

     55 minutes 00 seconds West along said East

     right-of-way line of North President Street for a

     distance of 85.00 feet to an existing 1/2" iron pin

     marking the POINT OF BEGINNING of the parcel of

     land herein described; from said POINT OF BEGINNING

     and leaving said East right-of-way line of North

     President Street, run thence South 81 degrees 07

     minutes 15 seconds East along the North face of the

     building located at 222 North President Street and

     the South face of the building located at 226 North

     President Street for a distance of 80.14 feet to an

     existing iron pin on the East line of said Lot 6,

     Square 2 North; run thence South 08 degrees 55

     minutes 00 seconds West along said East line of

     Lot 6, Square 2 North for a distance of 108.05 feet

     to a set 1/2" iron pin; leaving said East line of

     Lot 6, Square 2 North, run thence North 81 degrees

     27 minutes 51 seconds West for a distance of 80.15

     feet to an existing 1/2" iron pin on the aforesaid

     East right-of-way line of North President Street;

     run thence North 08 degrees 55 minutes 00 seconds

     East along said East right-of-way line of North

     President Street for a distance of 108.53 feet to

     the POINT OF BEGINNING, containing 8,678.83 square

     feet, more or less.

     (2)  The Department of Finance and Administration may have the parcel of real property described in subsection (1) of this section surveyed.

     (3)  The real property described in subsection (1) of this section shall not be purchased for a price that exceeds the current fair market value as determined by the averaging of at least two (2) appraisals by qualified appraisers who shall be selected by the Department of Finance and Administration and shall be certified and licensed by the Mississippi Real Estate Appraiser Licensing and Certification Board.

     SECTION 2.  This act shall take effect and be in force from and after its passage.