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 THE...
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