THE CITY OF MONTICELLO, IOWA
RESOLUTION #2020-25
Resolution to approve of the proposed Bill of Sale and Security Agreement between the City of Monticello and Monticello Aviation, Inc.
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA
WHEREAS, Monticello Aviation has agreed to sell two Airplane Hangars owned by Monticello Aviation, Inc. for the sum of $75,000, the details of the purchase being set our more fully in a “Bill of Sale and Security Agreement”, a copy of same being appended hereto, and
WHEREAS, The Airport Board reviewed the proposed purchase and finds that City Airport ownership of the hangars is beneficial to the Airport and the City and voted to recommend the purchase of said hangars to the City Council, and
WHEREAS, the City Council finds that the purchase of the Monticello Aviation hangars is in the best interests of the Airport and the City and should, therefore, be approved consistent with the terms and provisions of the Bill of Sale and Security Agreement referenced previously herein.
NOW THEREFORE BE IT RESOLVED by the City of Monticello, through its’ City Council, in session this 17th day of February, 2020, that the purchase of two Monticello Aviation, Inc. Hangars described within the attached Bill of Sale and Security Agreement, for the sum of $75,000, under the terms and conditions of the Bill of Sale and Security Agreement as proposed, is hereby approved, and authorizes the Mayor to execute said Bill of Sale and Security Agreement on behalf of the City Council.
IN TESTIMONY WHEREOF, I have hereunto subscribed my name and caused the Great Seal for the City of Monticello, Iowa to be affixed. Done this 17th day of February, 2020.
Attest: Brian Wolken, Mayor
Sally Hinrichsen, City Clerk