From
Dwayne Tyner
Title
Resolution authorizing the City accept a purchase offer by the Texas Department of Transportation (TxDOT) to sell 0.3217 (14,012) of one acre as fee title from the north side of IH 30 along their project limits from Northwest 7th Street to Beltline Road, Grand Prairie, Dallas County, Texas, required for the construction of a frontage road
Presenter
Bill Crolley, Assistant City Manager, and Romin Khavari, City Engineer
Recommended Action
Approve
Analysis
In an offer letter (see attached offer letter Exhibit “B”) dated February 8, 2017, the Texas Department of Transportation (TxDOT) has offered to buy 0.3217 (14,012 sf) of one acre as fee title from the north side of IH 30 along their project limits from Northwest 7th Street east to Belt Line Road, Grand Prairie, Dallas County, Texas, (see attached aerial map for location).
In order to accept this offer, the City must pass a resolution agreeing to the sale. The offer amount was prepared by a State certified appraiser which represents fair, reasonable and market value for the City’s interests. This parcel is vacant land only. The outdoor advertising sign located on the City’s property is not being acquired and is not required to be moved.
Any City ownership of oil, gas, and sulphur is not included in the sale.
Passage of this resolution is required by TxDOT and their title company to give the City Manager, or his delegate, authority to the sign all required documents to complete the sale. It will provide TxDOT the required authorization to proceed with this purchase from the City. Conveyance of this parcel will be by a Special Warranty Deed (designated as Parcel No. 3 by TxDOT) for the fee parcel.
Financial Consideration
$187,712.00 paid by TxDOT
Body
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS, AUTHORIZING THE SALE OF 0.3217 ACRE OF LAND AS FEE TITLE TO THE TEXAS DEPARTMENT OF TRANSPORTATION FROM THE NORTH SIDE OF IH 30, WITHIN THEIR RIGHT OF WAY PROJECT LIMITS FROM NORHTWEST 7TH STREET TO BELT LINE ROAD; AUTHORIZING THE CITY MANAGER OR HIS DELEGATE TO ENTER INTO AND SIGN ANY REQUIRED DOCUMENTS TO COMPLETE THE SALE; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, an offer by the Texas Department of Transportation (TxDOT) has been made to purchase the 0.3217 of one acre as fee title from the north side of IH 30 along their project limits from Northwest 7th Street east to Belt Line Road, Grand Prairie, Dallas County, Texas, required for the construction of frontage road; and
WHEREAS, an offer has been made to buy this land for the total appraised amount of $187,712; and
WHEREAS, this purchase amount is fair, reasonable and represents fair market value of these properties and interests being acquired (see attached Exhibit “A” for property description); and
WHEREAS, the City Council of the City of Grand Prairie desires to sale and authorize the sale of these properties;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS:
SECTION 1: That the City of Grand Prairie hereby concurs in the and authorizes the sale of 0.3217 of one acre as fee title from the north side of IH 30 along the TxDOT project limits from Northwest 7th Street east to Belt Line Road, Grand Prairie, Dallas County, Texas, to the Texas Department of Transportation (TxDOT).
SECTION 2: That the City of Grand Prairie does hereby consent to the sale of said this property.
SECTION 3: That the City Manager or his delegate is hereby authorized to sign any and all required documents related to the sale as required to complete the sale to TxDOT.
SECTION 4: That this resolution shall become effective immediately upon its passage and approval.
PASSED AND APPROVED THIS THE 4TH DAY OF APRIL, 2017.