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HomeMy WebLinkAboutCity Council Resolutions (R-95-1133)-07/18/1995 RESOLUTION R-95-1133 WHEREAS, Robert Ellington has proposed the purchase of certain property in Colleyville located at 6225 Colleyville Boulevard, for the purpose of the construction and operation of a restaurant; and WHEREAS, a substantial portion of the property which Mr. Ellington proposes to purchase is planned by the City to be used as a roadway and for road right-of-way; and WHEREAS, the City desires to encourage Mr. Ellington to purchase the property and install a restaurant; and WHEREAS, the City is willing to enter into an agreement with Mr. Ellington for the purpose of purchasing the right-of-way from Mr. Ellington after his acquisition of the property; and WHEREAS, certain aspects of the agreement between the City and Mr. Ellington cannot yet be determined. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS: Sec. 1. THAT the Mayor is hereby authorized to enter into and execute a contract between Robert Ellington and the City of Colleyville pursuant to which the City of Colleyville would acquire right-of-way in the approximate amount of 11,400 square feet on the tract of land located at 6225 Colleyville Boulevard. Sec. 2. THAT the aforesaid contract between Robert Ellington and the City of Colleyville shall include the following provisions: a) That the City acquire fee title to the right-of-way property. b) That the City pay the sum of $1.75 per square foot for the property acquired. c) That the City's obligation to pay the purchase price for the property is conditioned upon the issuance of a building permit for the restaurant which has been proposed by Robert Ellington. Resolution R-95-1133 Page 2 of 2 d) That the City's payments for the right-of-way shall be made in two equal installments without interest, the first payment being due upon the issuance of a building permit for the restaurant as proposed by Robert Ellington and a second payment upon the anniversary date of the issuance of said building permit. e) That the contract will become null and void in the event a building permit is not issued for the restaurant as proposed by Robert Ellington on or before April 1, 1996, and that any dedication of right-of-way contained in any plat or re-plat of the property by the owner shall be valid and may be accepted by the City without payment for the right-of-way as provided in the contract. f) That the contract shall have such other provisions and conditions as required by the City staff. AND IT IS SO RESOLVED. PASSED THIS Lif}., DAY OF Jult ' 1995, BY A VOTE OF , c; AYES, 0 NAYS, AND 0 A STENTIONS. ATTEST: ~;J~ Jean Harris, CMC City Secretary CITY. OF;9L~EYVILLE a4L Ed Baker Mayor