HomeMy WebLinkAboutCity Council Resolutions (RESOLUTION R-17-4121)-05/02/2017 RESOLUTION R-17-4121
A RESOLUTION APPROVING THE ACQUISITION OF REAL
PROPERTY, CONSISTING OF LOTS 32R, 42R AND 43R-1,
OF THE VILLAGE AT COLLEYVILLE ADDITION,
COLLEYVILLE, TARRANT COUNTY, TEXAS
WHEREAS, the City hereby declares a public purpose in acquiring
additional real estate for public purposes; and
WHEREAS, the City has examined and explored the value of the
property described as A .987 ± acres tract of land out of the
B.B.B & C. Rail Road Survey, Abstract No. 206, Tarrant County
Texas, and being more particularly described as Lots 32R, 42R
and 43R-1 of the Village at Colleyville addition (hereinafter the
"Property"), and has determined that the fair market value
for the Property is $800,000; and
WHEREAS, the City hereby determines that the passage of this
Resolution is in the best interests of the health, safety, and
welfare of the public; and
HEREAS, all legal prerequisites for the approval of this Resolution have
been met, including but not limited to the Open Meetings Act.
OW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
HE CITY OF COLLEYVILLE,TEXAS:
'sec. 1. THAT all matters stated above are found to be true and
correct and are incorporated herein by reference as if copied
in their entirety.
'sec. 2. THAT the City Council hereby approves the purchase of the
Property for a purchase price of $800,000, plus related
closing costs, and authorizes the city manager to execute all
documents associated with the purchase.
'.ec. 3. THAT the sources of funding for the acquisition of the
Property shall be from the Tax Increment Financing District
project plan category of Economic Development Grants.
ND IT IS SO RESOLVED.
Resolution R-17-4121
Page 2 of 2
PPROVED BY A VOTE OF(AYES,Q NAYS AND OABSTENTIONS ON THIS THE
ND DAY OF MAY 2017.
Mayor Richard Newton Atit, Mayor Pro Tern Chris Putnam Av.,
Place 1, Tammy Nakamura Pate_ Place 5, Nancy Coplen
Place 2, Bobby Lindamood 6A�.� Place 6, Mike Taylor N,c
Place 4, Jody Shortl‘kal
TTEST: CITY OF COLLEYVILLE
_ V_ ij (Ulf fi-'44 •
Am,"hellev, TRMC Richard Newton
ity,Secretary Mayor