PILLAR: Core
AGENDA DATE: December 10, 2025
COUNCIL DISTRICT(S): 14
DEPARTMENT: Department of Facilities and Real Estate Management
PRIORITY: N/A
______________________________________________________________________
SUBJECT
Title
A resolution (1) declaring approximately 55,236 square feet of improved subsurface land unwanted and unneeded, located near the intersection of Patterson and North Akard Streets, and authorizing its advertisement for sale by public auction or through a real estate brokerage service; (2) establishing a reserve for the auctioned surplus property; (3) authorizing a Purchase and Sale Agreement to be prepared for the auctioned surplus property receiving highest qualified bid that meets or exceeds the reserve or the highest cash offer; and (4) authorizing the conveyance of a deed in a form acceptable to City Attorney - Estimated Revenue: TBD - Real Estate Market to determine the value
Body
BACKGROUND
This item declares approximately 55,236 square feet of improved subsurface land unwanted and unneeded, located near the intersection of Patterson and North Akard Streets, and authorizes its advertisement for sale by public auction or through a real estate brokerage service.
Texas Local Government Code Section 253.008 authorized municipalities to sell real property owned by the municipality at an advertised public auction. Section 253.014 authorized municipalities to sell real property owned by the municipality through a real estate brokerage service. Section 272.001 states fair market value may be determined by the highest bid price or cash offer obtained by a municipality at an advertised auction or through a real estate broker.
This property will be advertised for sale by public auction or through a real estate brokage service, at the City Manager's election, with a reservation of all oil, gas and other minerals in and under the property and a restriction prohibiting the placement of industrialized housing.
The City will selec...
Click here for full text