HomeMy WebLinkAboutCity Council Resolutions (RESOLUTION R-17-4165-1)-08/15/2017 RESOLUTION R-17-4165-1
A RESOLUTION APPROVING COUNCIL ACTION
REGARDING EXECUTIVE SESSION ITEMS AT THE REGULAR
CITY COUNCIL MEETING OF AUGUST 15, 2017
WHEREAS, following discussion in Executive Session, and in full accordance
with the requirements of the Open Meetings Act, the City Council
determines that the following action is in the best interests of the
health, safety and welfare of the public; and
WHEREAS, the City Council hereby declares a public purpose in acquiring
additional real estate for one or more public purposes;
WHEREAS, the City Council has determined that the purchase price for the
real property identified in this Resolution represents the current
fair market value of for the properties.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF COLLEYVILLE, TEXAS:
Sec. 1. THAT by and through the approval of Resolution 15-3901, effective
September 1, 2015, the City Council previously authorized and
approved the acquisition of the real property described as: Lot 16-
1-1, Village at Colleyville Condos, located at 89 Veranda Lane,
#110; Lot 25-1-1, Village at Colleyville Condos located at 86 Main
Street; and Lots 15-1-1, 15-2-1, 15-3-1, and 15-4-1, Village at
Colleyville Condos located at 94 Main Street (hereinafter the
"Properties"),
Sec. 2. THAT the City Council hereby reaffirms its approval the purchase of
the Properties for a revised total purchase price not to exceed
$380,873.52 plus closing costs, being the amount the City Council
has determined represents the current fair market value or the
Properties; and
Sec. 3. THAT the City Council authorizes the city manager to sign all
associated documents, including closing documents, contracts and
any other documents necessary to effectuate the acquisition of the
Properties identified in Section 1 above.
Sec. 4. THAT the sources of funding for the acquisition of the foregoing
Properties shall, to the extent allowed by law, be from the Tax
Increment Financing District project plan category of Village at
Colleyville plaza.
Resolution R-17-4165-1
Page 2 of 2
Sec. 5. THAT Resolution R-15-3901 is hereby repealed in its entirety.
AND IT IS SO RESOLVED.
APPROVED BY A VOTE OF &&AYES, NAYS AND CABSTENTIONS ON THIS THE
15TH DAY OF AUGUST 2017.
Mayor Richard Newton apy, Mayor Pro Tern Bobby Lindamood Ccs
Place 1, Tammy Nakamura a Place 3, Kathy Wheat
Place 4, George Dodson aft, Place 5, Nancy Coplen a
Place 6, Mike Taylor
ATTEST: CI OF COLLEYVILLE
(14444k—
Am Shell, TRMC Richard Newton
City Secretary Mayor