Senate Bill 2685

AN ACT TO AUTHORIZE THE DEPARTMENT OF FINANCE AND ADMINISTRATION TO PURCHASE CERTAIN REAL PROPERTY LOCATED IN JACKSON, MISSISSIPPI, AND COMMONLY KNOWN AS THE "WRIGHT & FERGUSON FUNERAL HOME" PROPERTY; AND FOR RELATED PURPOSES.

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

SECTION 1. The Department of Finance and Administration is authorized, subject to appropriation therefor, to purchase certain real property, and any improvements thereon, located in the City of Jackson, Hinds County, Mississippi. The property is commonly known as the "Wright & Ferguson Funeral Home" property and is more particularly described as follows:

Parcel of land situated in 2.0 Acre Lot 6 North and part of 18.80 Acre Lot 5 North in the City of Jackson, Mississippi, and being more particularly described as follows:

Beginning at the intersection of the North right of way of High Street with the West right of way of North West Street; thence westerly along the North right of way of High Street for a distance of 247.55 feet; thence right through an angle of 92 degrees 42 minutes and run northerly for a distance of 240.2 feet to the South right of way of George Street; thence right through an angle of 86 degrees 38 minutes and run easterly along the South right of way of George Street for a distance of 249.05 feet to the West right of way of North West Street; thence right through an angle of 93 degrees 42 minutes 30 seconds and run southerly along the West right of way of North West Street for a distance of 242.9 feet to the point of beginning.

Parcel of land situated in the 2.0 Acre Lot 6 North and part of 18.80 Acre Lot 5 North in the City of Jackson, Mississippi, and being more particularly described as follows:

Beginning at the intersection of the North right of way of High Street with the East right of way of Lamar Street; thence northerly along the East right of way of Lamar Street for a distance of 249.4 feet to the South right of way of George Street; thence right through an angle of 72 degrees 14 minutes and run easterly for a distance of 128.4 feet; thence right through an angle of 93 degrees 22 minutes and run southerly for a distance of 240.2 feet to the North right of way of High Street; thence right through an angle of 87 degrees 18 minutes and run westerly along the North right of way of High Street for a distance of 190.4 feet to the point of beginning.

(2) The Department of Finance and Administration is authorized to correct any discrepancies in the legal description of the property listed in subsection (1) of this section. The Department of Finance and Administration may obtain abstracts and surveys as needed for any corrections to the legal description of the property listed in subsection (1) of this section.

(3) If the real property described in subsection (1) of this section is to be purchased, the property may be purchased for an amount not greater than the average of two (2) appraisals to be performed by qualified appraisers, one (1) of whom shall be selected by the Department of Finance and Administration and both of whom 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.