Loading...
Res 2578 7/8/1980RESOLUTION NO. , S7 RESOLUTION DECLARING CERTAIN LAND OWNED BY CITY IN BLOCK 240, ORIGINAL TOWN, TO BE EXCESS AND SURPLUS LAND, AND DIRECTING THAT SAID LAND BE ADVERTISED FOR SALE ON SEALED BIDS. WHEREAS, by Resolution No. 2173, adopted July 11, 1978, the Board of Aldermen determined the necessity of acquiring Block 240, Original Town of Wichita Falls, for midtown improvements project, specifically a Human Resource Center, and they authorized the City Manager to purchase or condemn such land; and, WHEREAS, since that time the City has purchased by negotiation all of such block except Lots 8, 13, and 14; and, WHEREAS, although the adoption of such Resolution 2173 and the acquisition of such property by the City were made in good faith for the construction of such Human Resource Center, it is now found that such public purpose is no longer viable, and such land is excess and surplus, and should be sold by the City. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, TEXAS, THAT: SECTION 1. The necessity of acquiring Block 240, Original Town of the City of Wichita Falls, as determined in Resolution 2173, and the public purpose on which it was based, no longer exist. SECTION 2. The land owned by the City of Wichita Falls in Block 240, Original Town, the same being all of such Block 240 except Lots 8 , 13, and 14, is declared to be excess and surplus land, and should be sold by the City. SECTION 3. The City Manager is hereby authorized and directed to publish in a newspaper of general circulation in Wichita County, Texas, a notice that such land is to be offered for sale to the general public on sealed bids in accordance with Article 5421c-12, Revised Civil Statutes of Texas; notice shall be so given on at least two separate occasions, and no sale shall be held less than fourteen days after the last notice. The sale shall be made subject to the following qualifications: A. A minimum bid of $295 ,200 will be required. B. The sale and deed would be subject to a condition subsequent that the title to the land would revert to the City unless the purchaser submitted to the City within six months of the deed preliminary plans for private development, begin actual construction of improvements on such land within eighteen months of the deed, and invested a minimum of 5 million dollars in the development of such property. PASSED AND APPROVED this the 8th day of July, 1980. MAYOR ATTEST: City Clerk