SENATE BILL NO. 288
AN ACT TO AUTHORIZE "THE CITY OF HARRINGTON" TO PURCHASE CERTAIN REAL ESTATE, WITH IMPROVEMENTS, KNOWN AS 27 CLARK STREET, HARRINGTON, DELAWARE, TO BE USED AS A CITY HALL AND TO AUTHORIZE THE CITY TO BORROW $40,000 FROM THE FARMERS HOME ADMINISTRATION IN ORDER TO FINANCE SAID PURCHASE.
WHEREAS, the City of Harrington is desirous of purchasing a lot with a building for the amount of $35,000 in the City of Harrington for purposes of using said building as a City Hall; and
WHEREAS, the City of Harrington is further desirous of financing the purchase of said real estate through a loan from the Farmers Home Administration in the amount of $40,000, $5,000 of which will be used to renovate said building; and
WHEREAS, it is in the best interest of the residents of the City of Harrington to acquire said real estate.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (Two-thirds of all members elected to each House thereof concurring therein):
Section 1. The City of Harrington by and through the Mayor and Members of the City Council is hereby authorized to purchase the following described real estate from the sellers Suzanne C. Jones and Kenneth R. Jones, her husband, for the sum of $35,000:
"All that certain lot or parcel of land, with the improvements erected thereon, lying at the southeast corner of Clark Street and Ward Street in The City at Harrington, Mispillion Hundred, Kent County and State of Delaware, bounded on the west by Ward Street, on the north by Clark Street, on the east by lands of Robert L. Kopp, and on the south by lands of Ethel Stubbs, more particularly described as follows, to-wit:"
"Beginning at the point where the east line of Ward Street intersects the south line of Clark Street; thence binding with the south line of Clark Street south 70 degrees 43' east 110 feet to said Kopp lands; thence turning and binding with the west line of said Kopp lands south 19 degrees 32' west 130.25 feet to said lands of Stubbs; thence turning and binding with the north line of said Stubbs lands north 72 degrees 45' west 81.10 feet to another point in the east line of Ward Street; thence binding with the east line of Ward Street north 7 degrees 15' east 136.1 feet back to the place of beginning, and containing 12,599 square feet of land, more or less."
Section 2. The City of Harrington is hereby further authorized to borrow the sum of $40,000 from the Farmers Home Administration in order to purchase said real estate and renovate the same and Is authorized to execute any and all documents, including a mortgage and bond secured by said real estate and, pledge the full faith and credit of the City of Harrington for the due payment of said mortgage and bond, in order to effectuate said purchase.
Section 3. The City of Harrington is further authorized to borrow $40,000 from a commercial bank until Farmers Home Administration funds become available. This provision is valid only if formal approval from Farmers Home Administration is received.
Approved June 8,1979.