HomeMy WebLinkAboutCity Council Resolutions (R-21-4641)-08/17/2021RESOLUTION R-21-4641
A RESOLUTION APPROVING COUNCIL ACTION REGARDING
EXECUTIVE SESSION ITEMS AT THE REGULAR CITY COUNCIL
MEETING OF AUGUST 17, 2021, AUTHORIZING GRANT PROGRAM
FUNDING IN CONNCTION WITH CERTAIN RIGHT-OF-WAY
IMPROVEMENTS TO BE CONSTRUCTED AS A PART OF THE
MAIN STREET PORTION OF THE COLLEYVILLE GATEWAYS PROJECT
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, on July 20, 2021 the City awarded Bid #2021-004 for the
purpose of developing and constructing various capital
improvements along Colleyville Boulevard, including
construction of the Colleyville Gateways Project (the
"Project"); and
WHEREAS, the City acquired certain public rights -of -way from the owners
of the real properties located at 5117 and 5200 Colleyville
Boulevard (the "ROWs") in connection with the Main Street
Gateway portion of the Project; and
WHEREAS, the City entered into right-of-way improvement agreements
(the "Agreements") with the owners of the ROWs,
memorializing the City's intent to acquire the ROWs, and make
certain Project related capital improvements to the ROWs, and
the owners' properties adjacent thereto, in lieu of monetary
compensation for the ROWs; and
WHEREAS, the City Council determined that the value of the ROWs at the
time of acquisition did not exceed their appraised fair market
value and that the expenditures for the Project related
improvements in excess of the appraised values shall be
funded through the City's BEST and SIGN Grant Programs (the
"Programs").
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF COLLEYVILLE, TEXAS:
Resolution R-21-4641
Page 2 of 2
Sec. 1. THAT the City Council desires to authorize the use of the City's
existing economic development Programs for the Project
related improvements to the ROWs. The estimated amounts
are as follows:
Property Appraised Improvements Grant
FMV Amount
5117 Colleyville Blvd. $28,823 $74,081 $45,258
5200 Colleyville Blvd. $12,980 $164,820 $151,840
Sec. 2. THAT all expenditures for the foregoing improvements in
excess of the appraised fair market value of the ROWs shall be
pursuant to the grant Programs. Accordingly, the City Manager
is authorized to administer the Programs as necessary to fund
the expenditures for the improvements, and to utilize all
Project funding allocated for said improvements.
Sec. 3. THAT this Resolution shall be effective immediately upon
passage.
APPROVED BY A VOTE OF 7 AYES, 0 NAYS ON THIS THE 17TH DAY OF
AUGUST, 2021.
Mayor Richard Newton Aye Mayor Pro Tem Bobby Lindamood Aye
Place 1, Tammy Nakamura Aye Place 3, Kathy Wheat Aye
Place 4, George Dodson Aye Place 5, Chuck Kelley Aye
Place 6, Callie Rigney Aye
ATTEST:
Christine Loven, TRMC
City Secretary
CITY OF COLLEYVILLE
Richard Newton
Mayor