Title:
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Authorize (1) the sale of up to fifteen (15) Land Transfer Program lots to BJT Homes, LLC, and/or its affiliates (Developer) subject to restrictive covenants, a right of reverter, and execution and recording of all necessary documents, pursuant to the City's Land Transfer Program; (2) the release of lien for all non-tax City liens, notices, or orders that were filed on up to fifteen (15) Land Transfer Program lots sold to Developer prior to or subsequent to the deeds transferring the lots to the City of Dallas; and (3) execution of a development agreement with Developer for the construction of up to twenty-four (24) single-family homes on the Land Transfer Program lots - Financing: Estimated Revenue: General Fund $26,050.35. Revenue Foregone: General Fund $63,696.66
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