Senate Bill 3235

AN ACT TO AUTHORIZE CLAY COUNTY, MISSISSIPPI, TO PURCHASE CERTAIN REAL PROPERTY FOR ECONOMIC DEVELOPMENT PURPOSES; TO AUTHORIZE COUNTY FUNDS FROM ANY SOURCE TO BE UTILIZED TO PURCHASE SUCH REAL PROPERTY AND TO DEVELOP SUCH REAL PROPERTY; TO AUTHORIZE THE BOARD OF SUPERVISORS OF CLAY COUNTY TO SELL, LEASE OR LEASE PURCHASE THE REAL PROPERTY OR ANY PORTION THEREOF TO ANY SUITABLE ECONOMIC DEVELOPMENT PROSPECT; AND FOR RELATED PURPOSES.

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

SECTION 1. The Board of Supervisors of Clay County, Mississippi, is authorized to purchase a tract of land including improvements more particularly described as follows:

A parcel of land primarily located in the NW 1/4 of the SE 1/4 with a small area in the SW 1/4 of the NE 1/4, all in Section 7, Township 19 north, Range 16 east, Clay County, Mississippi, being more particularly described as follows:

Commencing at a steel rod found at the NW corner of the SE 1/4 of above said Section 7, being the point of beginning for this description; run thence North 00 degrees 26 minutes 07 seconds West 6.62 feet to a point on the South right-of-way line of a county road known as Tibbee Road; run thence South 89 degrees 45 minutes 00 seconds East along said road right-of-way 748.91 feet; thence run South 00 degrees 15 minutes 00 seconds West 10.00 feet to a concrete right-of-way marker; thence run South 57 degrees 26 minutes 30 seconds east along the right-of-way line for the intersection flair of Mississippi Highway No. 45 Alternate a distance of 269.33 feet to a concrete marker on the West right-of-way line of said highway; thence run South 00 degrees 30 minutes 30 seconds East along said West right-of-way line 982.25 feet to an iron pin; thence run South 89 degrees 33 minutes 53 seconds West 975.90 feet to an iron pin; thence run North 00 degrees 26 minutes 07 seconds West 1141.25 feet to the point of beginning; containing 25.14 acres, more or less.

SECTION 2. The purchase price of the land and improvements shall not exceed One Million Two Hundred Thousand Dollars ($1,200,000.00), including any existing improvements and all costs associated with the purchase. The terms of the purchase of the tract of land and existing improvements may be made by negotiations between the owner and the Board of Supervisors of Clay County, Mississippi.

SECTION 3. The Board of Supervisors of Clay County, Mississippi, is hereby authorized to expend funds from any available source, including, but not limited to, the local governments capitol improvements revolving loan program established pursuant to Section 57-1-301 et seq. to purchase the real property described in Section 1 of this act, and to make improvements to the real property as may be necessary to develop the site as an industrial park and for warehousing and commercial economic development. The Board of Supervisors of Clay County, Mississippi, is authorized to issue bonds, borrow funds from the local governments capitol improvements revolving loan program or issue notes to raise revenue to develop the site to provide all necessary utilities, and to lay out, construct and/or improve and hard-surface roadways, streets, driveways and access roads, and provide for the grading, drainage, sewer, lights and water, and all other necessary or proper improvements to make the site desirable or useful for industrial and commercial enterprises.

SECTION 4. The Board of Supervisors of Clay County, Mississippi, is authorized to lease, lease-purchase or sell all or any portion of the real property described in Section 1 of this act on such terms and conditions as may be negotiated between the board of supervisors and any industrial, warehousing or commercial enterprise acceptable to the board of supervisors and approved by the Mississippi Development Authority. Any such lease, lease-purchase agreement, or sale may be for a term of years not to exceed twenty (20) years and shall be binding and not voidable by any successor board of supervisors.

SECTION 5. Any and all purchases of land, expenditures of money, issuance of bonds or notes, or borrowing of money from the local governments capitol improvements revolving loan program, the lease, lease-purchase or sale by the Board of Supervisors of Clay County, Mississippi, that are authorized by this act, must first be submitted to and approved by the Mississippi Development Authority.

SECTION 6. This act shall take effect and be in force from and after its passage.