HomeMy WebLinkAboutCity Council Resolutions (R-22-4761)-09/06/2022RESOLUTION R-22-4761
A RESOLUTION APPROVING COUNCIL ACTION
REGARDING EXECUTIVE SESSION ITEMS AT THE REGULAR
CITY COUNCIL MEETING OF SEPTEMBER 6, 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 has identified a need to obtain additional real
property to provide for the development of public recreation
facilities for the community; and
WHEREAS, the City Council has identified an opportunity to purchase
certain improved real property consisting of approximately
14.957 +/- acres of land generally located at 3508 Glade Road
with existing building facilities consisting of approximately
42,345 square feet situated thereon (the "Subject Property");
and
WHEREAS, the City has examined and explored the value of the Subject
Property and has determined that the Subject Property has a
fair market value of $8,500,000 (the "Purchase Price"), which
is consistent with the current appraised value for said
property; and
WHEREAS, the City Council intends to issue one or more certificates of
obligation in conformance with Chapter 271 of the Texas Local
Government Code to fund the Purchase Price for the Subject
Property; and
WHEREAS, the City Council hereby declares a public purpose in acquiring
the Subject Property.
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 a purchase agreement for Subject
Property conditioned upon final approval by the City Council
and allocation of the necessary funding, including approval to
issue such certificates of obligation as may be necessary to
fund the Purchase Price prior to closing.
Resolution R-22-4761
Page 2 of 2
Sec. 2. THAT the City Manager, or his designee, is further authorized
to take such action as may be necessary to proceed with notice
and issuance of such certificate(s) of obligation as may be
necessary to fund the acquisition of the Subject Property,
including publication of such notices as may required for all
public hearings related thereto.
Sec.3. THAT this resolution shall be effective immediately upon
approval.
AND IT IS SO RESOLVED.
APPROVED BY A VOTE OF 7 AYES, 0 NAYS, ON THIS THE 6T" DAY OF
SEPTEMBER 2022.
Mayor Bobby Lindamood Aye 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:
_Z5�—
Angela Larson
Assistant City Secretary
CITY OF COLLEYVILLE
Bobby Lindamood 1
Mayor