STRATEGIC PRIORITY: Transportation & Infrastructure
AGENDA DATE: June 22, 2022
COUNCIL DISTRICT(S): 6
DEPARTMENT: Department of Public Works
EXECUTIVE: Dr. Robert Perez
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SUBJECT
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A resolution (1) declaring six properties unwanted and unneeded, and authorizing their advertisement for sale by sealed bid (list attached to the Agenda Information Sheet); (2) establishing a minimum bid amount for each surplus property; and (3) authorizing the sale and conveyance of a deed to the highest qualified bidder - Estimated Revenue: General Fund $72,000.00
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BACKGROUND
This item declares six properties unwanted and unneeded and authorizes their advertisement for sale and subsequent sale by sealed bid. These properties have been routed to City departments and outside agencies to determine whether any had a need for the properties.
Texas Local Government Code Section 253.008 authorizes municipalities to sell real properties owned by the municipality through an advertised sealed bid under Section 272.001.
Among the various conveyance and closing requirements, all properties will be advertised for sale by sealed bid, subject to minimum bid amount, with a reservation of all oil, gas and other minerals in and under the properties and a restriction prohibiting the placement of industrialized housing.
Upon receipt of the highest qualified bid, a deed, approved as to form by the City Attorney, will be prepared to convey the property to the highest qualified bidder. Staff will ensure the highest bidders are qualified to bid and be awarded the properties.
These properties will return to the tax rolls upon conveyance.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
Estimated Revenue: General Fund $72,000.00
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