Res 120-2002 11/19/2002RESOLUTION ACCEPTING BIDS FOR CERTAIN PARCELS OF
EXCESS REAL PROPERTY AND AUTHORIZING EXECUTION OF
DEEDS TO CONVEY TITLE; FINDING AND DETERMINING THAT THE
MEETING AT WHICH THIS RESOLUTION WAS PASSED WAS OPEN
TO THE PUBLIC AS REQUIRED BY LAW.
WHEREAS, two (2) parcels of excess real property have been advertised for
sale to the general public; and
WHEREAS, sealed bids that were submitted by bidders who desire to purchase
said property were opened on November 1, 2002.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
SECTION 1. The following parcels of real property located in Wichita Falls,
Wichita County, Texas have been identified as excess and have been advertised for
sale to the public by sealed bid.
1. 2515 Fillmore
Lots 9- 10- 11 -12, Block 16 A Highland Addition
(Vacated Fire Station #5)
2. 4200 Weeks Park
Lot 2, Block 10, HS Subdivision
(1.47 Acre Tract out of Weeks Park)
SECTION 2. The highest bids received for the above - described parcels were as
follows:
1. 2515 Fillmore $ 70,500.00
Submitted by Gary Oatman
Appraised Value $151,500.00
Bid Reflects Approximately 47% Of Appraised Value
Previous Bid Reflected Approximately 22% Of Appraised Value
2. 4200 Weeks Park $ 41,000.00
Submitted by JAC Joint Venture (Donna Adams & Joe Capron)
Appraised Value $80,000.00
Bid Reflects Approximately 51 % Of Appraised Value
Previous Bid Reflected Approximately 27% Of Appraised Value
SECTION 3. The high bids listed in Section 2 are hereby accepted, and the City
Manager is hereby authorized to execute special warranty deeds conveying title to the
buyers of the properties.
SECTION 4. 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 19th day of November, 2002.
ATTEST:
J
City Clerk
LOCATION #1
2515 FILLMORE
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LOCATION # 2
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