Res 052-99 5/4/1999RESOLUTION NO.
RESOLUTION AUTHORIZING AN AGREEMENT WITH CALBERT
DEVELOPMENT COMPANY TO FACILITATE THE CONDITIONS FOR
THE SALE OF CITY -OWNED PROPERTY FOR THE CONSTRUCTION
OF NEW HOUSING AND TO AUTHORIZE THE SALE OF PROPERTY
AT 817 AND 819 ROOSEVELT STREET; DETERMINING THAT THE
MEETING AT WHICH THIS RESOLUTION WAS DISCUSSED WAS
OPEN TO THE PUBLIC AS REQUIRED BY LAW.
WHEREAS, the City of Wichita Falls has established a Housing Initiative
Program for reinvestment in the Eastside of Wichita Falls; and
WHEREAS, Calbert Development Company ( "the Contractor') is prepared to
erect a manufactured home in the area, beginning with a home for sale at 817 and 819
Roosevelt Street; and
WHEREAS, it is in the best interest of the City to facilitate area development and
potential housing opportunities for low and moderate income home buyers.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
SECTION 1. The City Manager is hereby authorized to execute the attached
agreement for the transfer of property and a special warranty deed to convey title on
the following property located in Wichita Falls, Wichita County, Texas to Calbert
Development Company, P.O. Box 4147, Wichita Falls, Texas.
817 and 819 Roosevelt Street
Lots 13 and 14, Block 4, Homewood Heights Addition
SECTION 2. It is hereby officially found and determined that the meeting at
which this resolution was passed was open to the public as required by law.
PASSED AND APPROVED this the 4th day of May, 1999.
MAYO If
ATTEST:
/ l�V
( City Clerk
CITY OF WICHITA FALLS, TEXAS
Calbert Development Company
P.O. Box 4147
Wichita Falls, Texas 76308
Re: AGREEMENT FOR TRANSFER OF PROPERTY
The City of Wichita Falls agrees to donate the following property to Calbert
Development Company:
817 and 819 Roosevelt Street
Lots 13 & 14, Block 4, Homewood Height Addition
This property is to be used exclusively for the construction of a low- to moderate -
income, single family residence. If the residence is purchased by a household that
does not meet the Community Development Block Grant income requirements, Calbert
Development Company will reimburse the cost of recording and paying back taxes the
City incurred during acquisition of the property. Reimbursement to the City shall be
made at the time of closing with the buyer /homeowner. Construction must commence
within six months and be completed within one year of the title transfer or ownership will
revert back to the City. Calbert Development Company agrees to abide by all City of
Wichita Falls ordinances, including but not limited to zoning and building regulations.
Agreed to and executed by:
Calbert Development Company
Robert Seabury, Managing Partner
(Date)
City of Wichita Falls
James Berzina, City Manager
(Date)