Minutes 10/27/1970 - Laserfiche WebLink

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1 ..M. t TUESDAY OCTOBER 27, 1970 The regular semi-monthly meeting of the Council of the City of Martinsville, Virginia, with Mayor F. T. Renick, M.D., presiding, was held Tuesday, October 27, 1970, in the Council Chamber, City Hall, beginning at 7:30 P.M., all members being present--with the exception of Vice-Mayor Francis T. West--as follows: Mayor F. T. Renick, M.D.; Harry L. Boaz; W. Donald Hartford; and William D. Hobson. ,- After the invocation, Council approved as recorded the minutes of its regular meeting held October 13, 1970. In concluding the transaction approved by Council during its regular meeting held July l4, 1970, providing for the exchange of property by and between the City and the Frith interests (represented by Mr. J. B. Frith, of Frith Construction Company), Council authorized City Manager Noland to execute--on behalf of the City--a deed from the City, dated July 23, 1970, conveying to Ray D. Frith and Violet T. Frith (husband and wife) and J. B. Frith and Mary K. N. Frith (husband and wife) a tract of land consisting of approximately 29.93 acres (this tract having been purchased by the City from the Hedgecock interests initially as a site for the City's sewage disposal plant) in exchange for a tract of land consisting of approximately 46.8 acres, situated in the Jones Creek area (Martinsville District), conveyed by the Friths by deed dated July 23, 1970, and for the further consideration of the sum of $24,000.00 payable by the Friths unto the City, evidenced by two promissory notes of $12,000.00 each, the first note being due July 23, 1971 and the second note being due July 23, 1972, each note bearing interest at the rate of five per cent per annum until paid.