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WAITS MOTEL EMINENT DOMAIN ORDINANCE Page 3 of 3 <br />Section 3. Prosecution. The City Attorney, and/or his designee, is authorized to take all necessary <br />action to commence and prosecute a condemnation action against the Waits Motel to obtain ownership <br />thereof. The City Attorney, and/or his designee, is further authorized to negotiate a purchase and sale <br />agreement with the owner of the Wait Motel, subject to approval of the City Council, in lieu of <br />condemnation, if possible. <br />Section 4. Just Compensation. The Waits Motel is to be taken only after just compensation has <br />been made, or paid into the registry of the court, for the owners thereof in a manner provided by law. <br />Section 5. Funding. The entire cost of the acquisition provided for by this Ordinance shall be paid <br />from the General Fund or from such other funds as the City may make available for this purpose. <br />Cassie Franklin, Mayor <br />ATTEST: <br />Office of the City Clerk <br />PASSED: <br />VALID: <br />PUBLISHED: <br />EFFECTIVE DATE: <br />8/2/2023 <br />8/5/2023 <br />Cassie Franklin <br />08/03/2023 <br />8/18/2023