MISSISSIPPI LEGISLATURE

2007 Regular Session

To: Public Property; Appropriations

By: Senator(s) Jackson (32nd)

Senate Bill 2655

AN ACT TO AUTHORIZE THE DEPARTMENT OF FINANCE AND ADMINISTRATION, UPON CONSULTATION WITH THE CHAIRMEN OF THE PUBLIC PROPERTY COMMITTEES OF THE SENATE AND HOUSE OF REPRESENTATIVES, TO SELL AND CONVEY OR LEASE THE PROPERTY LOCATED AT 239 NORTH LAMAR STREET IN THE CITY OF JACKSON, HINDS COUNTY, MISSISSIPPI, KNOWN AS THE "ROBERT E. LEE BUILDING"; AND FOR RELATED PURPOSES.

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

     SECTION 1.  (1)  After consulting with the Chairmen of the Public Property Committees of the Senate and House of Representatives, the Department of Finance and Administration may sell and convey or lease, whichever is determined to be in the best interest of the State of Mississippi, the state-owned property known as the "Robert E. Lee Building" and located at 239 North Lamar Street in the City of Jackson, Hinds County, Mississippi, and being more particularly described as follows:

     The East One Hundred and Seventy Feet (170 ft) of

     the hereinafter described property which is the

     East 170 ft of Parcel "A" in Hinds County Deed Book

     1822 at page 136.  Beginning at the Southwest

     intersection of Griffith Street and Lamar Street as

     same are now (January 1966) laid out and improved and

     run thence West along the South line of Griffith Street

     for a distance of 180 feet, more or less, to the

     Northwest corner of that certain parcel of land conveyed

     to the Gammill Company by Deed recorded in Book 237,

     Page 443, run thence Southerly and along the West line

     of said parcel for 144 feet, more or less, to the

     Southwest corner of said parcel; turn thence to the

     left and run West 21.5 feet, more or less, to the

     Northeast corner of that certain parcel of land

     conveyed to Gammill Investment Company by Warranty

     Deed recorded in Book 246, Page 149, run thence West

     or Westerly and along the South line of Lots 23, 22,

     21, 20 and 19 to a point which is 18 feet West of the      Southeast corner of Lot 18 of Richard Griffith's

     Subdivision, according to a map or plat thereof on

     file and of record in the office of the Chancery

     Clerk of Hinds County at Jackson, Mississippi, in

     Plat Book A, Page 297, thence run Southerly to the

     Northwest corner of Lot 8 of the McQuaid Fitzgerald Subdivision as per plat Book 2, page 50; thence

     Easterly and along the North line of Lots 8 through

     20, inclusively, of said Subdivision to the Southeast

     corner of that certain parcel conveyed to the Gammill      Investment Company by instrument recorded in Book 246,

     Page 149; thence run Easterly and along the North line

     of the property which formerly belonged to the Sisters

     of Mercy to a point in the West line of Lamar Street

     which point is the Southeast corner of that certain

     parcel of land conveyed to Sutton by instrument

     recorded in Book 167, Page 319, thence Northerly

     along the West line of Lamar Street 241.2 feet, more

     or less, to the point of beginning, being all property

     of the Grantor herein bounded on the East by Lamar

     Street, on the North by Griffith Street, on the South

     by the property formerly owned by the Sisters of Mercy,   McQuaid Street and McQuaid Fitzgerald Subdivision, and

     on the West by Farish Street, as said streets are

     presently laid out and improved.  The grantor herein

     does convey to the Grantee all of the property that

     they own bordered by the above mentioned description,

     whether properly described or not.

     The above conveyance shall be accompanied by a long

     term lease (up to 30 years) for use of a certain portion

     of the Parking Garage which is known as the Robert E.

     Lee Parking Garage.  Said Parking Garage is located immediately West of the above described property and

     access to the garage is also granted from State owned      property immediately South of the above described

     property.  Access to the said Parking Garage is also

     available directly from Griffith Street.  The details

     of the parking arrangement and access thereto will be      formalized in the conveyance document.

     (2)  Money derived from the sale of state-owned property authorized in this act shall be deposited into the State General Fund.

     (3)  The State of Mississippi shall retain the right to repurchase the real property sold pursuant to this act in the event such property is not used, or ceases to be used for the intended purpose, or is otherwise abandoned by the purchaser.

     (4)  The State of Mississippi shall retain all mineral rights to the real property sold pursuant to this act.

     (5)  The provisions of this act shall stand repealed from and after September 1, 2008.  However, any contract or lease entered into by the Department of Finance and Administration pursuant to this act before September 1, 2008, shall remain in effect until the expiration of the contract or lease.

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