House Bill 1161

AN ACT TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO SELL, LEASE OR OTHERWISE DISPOSE OF CERTAIN REAL PROPERTY; AND FOR RELATED PURPOSES.

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

SECTION 1. (1) The Mississippi Development Authority is authorized to sell, lease or otherwise dispose of, in whole or in part, in a manner as determined in the sole discretion of the authority, the following described real property and any improvements thereon:

TRACT I DESCRIPTION #1:

Commencing at a set nail in pavement at the SW 1/4 of the NW 1/4 of Section 15, T-18-S, R-18-W, Lowndes County, Mississippi; thence N88°35'46"E, a distance of 499.86 feet to the point of beginning and at state plane coordinate N1456560.6170 E1113430.5090, based on NAD-83, Mississippi East 2301 zone; from said point of beginning thence N00°45'46"W, a distance of 751.70 feet; thence N12°17'40"W, a distance of 169.79 feet; thence N05°28'05"W, a distance of 263.88 feet; thence N06°23'26"W, a distance of 152.45 feet; thence N87°58'02"E, a distance of 1,534.95 feet; thence S39°27'31"W, a distance of 1,076.12 feet; thence S50°32'29"E, a distance of 41.01 feet; thence S39°27'31"W, a distance of 669.20 feet; thence S88°02'45"W, a distance 368.41 feet to the point of beginning located in the NE 1/4 of the NW 1/4 and the NW 1/4 of the NE 1/4 of Section 15, T-18-S, R-18-W, Lowndes County, Mississippi and containing 28.4373 acres, more or less.

TRACT II DESCRIPTION #1:

Commencing at the SE corner of Block 11, lot 6 of the Interstate City Addition, City of Columbus; thence N27°15'13"E, a distance of 412.90 feet; thence N50°32'29"W, a distance of 159.57 feet; thence N50°32'29"W, a distance of 30.01 feet to the point of beginning and at state plane coordinate N1457279.0334 E1114792.1955, based on NAD-83, Mississippi East 2301 zone; from said point of beginning thence S37°48'10"W, a distance of 390.43 feet; thence N50°32'29"W, a distance of 246.76 feet; thence N39°27'31"E, a distance of 390.27 feet; thence S50°32'29"E, a distance of 235.48 feet to the point of beginning, located in the Block 12, lot 3, 4, 5 & 6 of the Interstate City Addition, City of Columbus and containing 2.1603 acres, more or less.

TRACT II DESCRIPTION #2:

Beginning and Commencing at the SE corner of Block 11, lot 6 of the Interstate City Addition, City of Columbus and at state plane coordinate N1456791.4860 E1114749.4870, based on NAD-83, Mississippi East 2301 zone; thence N50°32'29"W, a distance of 235.19 feet; thence N37°48'10"E, a distance of 403.74 feet; thence S50°32'29"E, a distance of 159.57 feet; thence S27°15'13"W, a distance of 412.90 feet to the point of beginning, located in the Block 11, lot 3, 4, 5 & 6 of the Interstate City Addition, City of Columbus and containing 1.8287 acres, more or less.

(2) The Mississippi Development Authority may pay the cost of title search, perfection of title, title insurance, legal fees and recording fees and other costs as may be required to sell, lease or otherwise dispose of the property.

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