STRATEGIC PRIORITY: Core
AGENDA DATE: June 11, 2025
COUNCIL DISTRICT(S):|910|DEPARTMENT: Department of Facilities and Real Estate Management
EXECUTIVE: Donzell Gipson
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SUBJECT
Title
A resolution (1) declaring approximately 14.257 acres of improved land unwanted and unneeded, located near the intersection of South Hampton Road and Perryton Drive, 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 surplus property receiving highest qualified bid that meets or exceeds the reserve or 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 14.257 acres of improved land unwanted and unneeded located near the intersection of South Hampton Road and Perryton Drive 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 brokerage 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 select the most advantageous bid...
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