ORDINANCE NO.  1325

AN ORDINANCE PERMITTING THE SALE AND TRANSFER OF CERTAIN REAL PROPERTY BY THE TOWN OF SILVER CITY, BEING A 119.973 ACRE (MORE OR LESS) TRACT OF LAND, PURSUANT TO CHAPTER 48, SECTION 48-29, OF THE TOWN OF SILVER CITY MUNICIPAL CODE.

            Pursuant to Section 48-30 of the Town Code, the following apply:

(1)  The terms of the sale: The sale price is $401,000 due at closing; the location of the property is: A tract of land in the NW¼NE¼ AND E½NW¼, SECTION 21, T. 17S., R. 14W., LOCATED NORTH OF THE TOWN OF SILVER CITY, GRANT COUNTY, NEW MEXICO, containing 119.973 ACRES +/- VACANT LAND

(2)  The appraised value of the municipal real property: $380,000.

(3)  The time and manner of payments on the lease or sale: Payment in full due at closing.

(4)  The amount of the sale:  $401,000.

(5)  The identities of the purchasers:  Paul William Marvin, Jr., and Robin L. Hildebrand-Marvin.

(6)  The purpose for the municipality making the lease or sale:  The Property has no present or future use for the Town.

PASSED, ADOPTED, AND APPROVED by vote of the Council of the Town of Silver City,

Grant County, New Mexico, 30th day of January 2024.

/s/ Ken Ladner, Mayor

/s/ Alfred Sedillo, Town Clerk

January 30, 2024

Note: All of the requirements set forth in this Ordinance shall become effective five (5) days after this publication. The complete ordinance is posted on the Town’s website at www.townofsilvercity.org . Copies are available at City Hall, 101 W. Broadway.