HomeMy WebLinkAboutResolution 3749-06-2009A Resolution
NO 3749-06-2009
FOR CONVEYANCE OF PROPERTY TO THE FORT WORTH LOCAL
DEVELOPMENT CORPORATION PURSUANT TO SECTION 272 001(i) OF THE
TEXAS LOCAL GOVERNMENT CODE FOR THE PUBLIC PURPOSE OF
CREATING JOBS AND COMMERCIAL OPPORTUNITIES IN A BLIGHTED
AREA IN NEED OF REVITALIZATION
WHEREAS, the City of Fort Worth ( City") is the owner of certain properties
located at 901 Evans Avenue 909 Evans Avenue 1013 Evans Avenue 911 East
Rosedale Street and 708 East Rosedale Street (collectively the Properties) purchased
with Community Development Block Grant ("CDBG ') funds for the purpose of economic
development and
WHEREAS, the City desires to sell and the Fort Worth Local Development
Corporation ( LDC) desires to purchase the Properties in order to promote
revitalization of the area with commercial and residential development in
order to benefit the citizens of Fort Worth by creating fobs and commercial
opportunities in a blighted area and
WHEREAS, direct sale of the Properties is authorized by Section 272 001(1) of
the Texas Local Government Code
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS, THAT
1 The City Council hereby authorizes the conveyance of the Properties to the
LDC under the following terms
a The conveyance of the Properties shall be for their fair market value
b The public purpose of the conveyance is to promote revitalization of
a blighted area with commercial and residential development which
will benefit the citizens of Fort Worth by creating fobs and
commercial opportunities
c The LDC shall pay all costs of the transaction and
d The sales proceeds shall be returned to the City as Community
Development Block Grant Program Income
ORT WORT
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RESOLUTION NO 3749 06-2009
2 The City Council hereby finds that the conveyance of the Properties to the
LDC accomplishes the public purpose of economic development
AND IT IS SO RESOLVED
ADOPTED this 16th day of June 2009
ATTEST
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`1Vlaty'He d x;~Cr~~i~,tyRSecretary
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ORT WORT
APPROVEla
CITY COUNCIL
JUN 1 6 2009
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City Secretary of the
City of Fort Worth, Texas
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