HomeMy WebLinkAboutCity Council Resolutions (R-22-4749)-07/19/2022RESOLUTION R-22-4749
A RESOLUTION APPROVING COUNCIL ACTION
REGARDING EXECUTIVE SESSION ITEMS AT THE REGULAR
CITY COUNCIL MEETING OF JULY 19, 2022
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 studied and identified the Southern Gateway
area located near the southern city limits along Colleyville
Boulevard as a target area for redevelopment (the "Southern
Gateway") and previously identified five properties situated
within the Southern Gateway with frontage along Colleyville
Boulevard (the "Subject Properties"), which presented a unique
redevelopment opportunity for that portion of the Southern
Gateway; and
WHEREAS, the City Council previously determined that acquiring the
Subject Properties served an important public purpose and
provided the citizens of Colleyville the opportunity to promote
and guide the redevelopment of this portion of the Southern
Gateway consistent with the City's comprehensive plans for this
area; and
WHEREAS, on May 18, 2021, City Council approved Resolution R-21-4615,
authorizing the acquisition of five Subject Properties within the
Southern Gateway, which totaled 5.8856 acres, commonly
known as 4007 Colleyville Boulevard for the total purchase price
of $2.554 million; and
WHEREAS, the City of Colleyville is in receipt of a Letter of Intent from The
Woodmont Company for a purchase price offer of $3,000,000
for the Southern Gateway property with the intent to redevelop
the property consistent with the City's comprehensive plans.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF COLLEYVILLE, TEXAS:
Sec. 1. THAT the City Council hereby authorizes the City Manager, or
his designee, to negotiate and execute a non -binding letter of
intent to sell the Subject Properties to Woodmont Company for
the purpose of redeveloping the Subject Properties.
Resolution R-22-4749
Page 2of2
Sec.2. THAT this Resolution shall take effect immediately upon
passage.
AND IT IS SO RESOLVED.
APPROVED BY A VOTE OF 6 AYES, 0 NAYS, ON THIS THE 19TH DAY OF JULY
2022.
Mayor Bobby Lindamood Abs Mayor Pro Tern Kathy Wheat Aye
Brandi Elder, Place 1 Aye George Bond, Place 2 Aye
George Dodson, Place 4 Aye Chuck Kelley, Place 5 Aye
Callie Rigney, Place 6 Aye
ATTEST:
Z.
Christine Loven, TRMC
City Secretary
CITY OF COLLEYVILLE
Kathy Wheat
Mayor Pro -Tern