Res 171-98 12/1/1998RESOLUTION NO. 41
RESOLUTION AUTHORIZING AN AGREEMENT WITH CONCRETE
HOMES, INC. 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 1006
NEFF (LOT 12, BLOCK 5, HOMEWOOD HEIGHTS); DETERMINING
THAT THE MEETING AT WHICH THIS RESOLUTION WAS PASSED
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 Wichita Falls -East area ; and
WHEREAS, Concrete Homes, Inc. ( "the Contractor') is prepared to construct
new homes in the area, beginning with a home for sale at 1006 Neff St.; and
WHEREAS, this agreement has been facilitated by the establishment of the
Housing Initiative Program under Community Development Block Grant Program and
the HOME Program; 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 an Agreement
with the Contractor to facilitate the conditional sale of City -owned properties.
SECTION 2 The City Manager is hereby authorized to execute documents to
complete the sale of property at 1006 Neff St. (Lot 12, Block 5, Homewood Heights)
Wichita Falls, Texas to Concrete Homes, Inc.
SECTION 3. 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 1 st day of December, 1998.
I u,ti,
MAYOR
ATTEST:
h&" 1) W. Lt
City Clerk
CITY OF WICHITA FALLS, TEXAS
Concrete Homes Incorporated
3309 S. Fillmore St.
Amarillo, Texas 79110
RE: AGREEMENT FOR TRANSFER OF PROPERTY
The City of Wichita Falls agrees to donate the property at 1006 Neff Street (Lot 12, Block 5,
Homewood Heights), Wichita Falls, Texas to Concrete Homes Inc. This property is to be used
exclusively for the construction of 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 Concrete Homes Inc. will reimburse the cost of recording, surveying
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 with;ii one year of the title transfer or ownership
will revert back to the City. Concrete Names Inc. agrees to abide by all City of Wichita Falls
ordinances including but not limited to zoning and building regulations.
Agreed to and executed by:
Concrete Homes Incorporated
(authorized agent)
/ -ZE -5 c 1�
(title)
(date)
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