HomeMy WebLinkAboutResolution 2707A Resolution
NO Z70T
APPROVING CONDEMNATION PROCEEDINGS
BY FW SPORTS AUTHORITY, INC
WHEREAS, pursuant to Section 4B of Article 5190 6 of the Texas Revised Civil
Statutes (the Statute') the City of Fort Worth (the City") has created FW Sports
Authority Inc as a public non profit industrial development corporation and
WHEREAS, in accordance with Section 4BV) of the Statute the Sports Authority
may exercise the power of eminent domain, with the approval of the City Council and
WHEREAS, the City and the Sports Authority currently are in negotiations with
certain third parties for the acquisition and development of the land depicted on Exhibit
A of this Resolution for local economic development purposes including, but not
limited to the construction of a baseball stadium, parking facilities and other related
improvements (the `Project") and
WHEREAS, the Sports Authority has determined that the acquisition of fee simple
title to the property specifically depicted on Exhibit A of this Resolution is a necessary
component for the success and feasibility of the Project
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS THAT
1 The City Council hereby authorizes the Sports Authority to negotiate in good faith,
the acquisition by voluntary agreement of the real property depicted on Exhibit A of this
Resolution
2 In the event that good faith negotiations for the voluntary sale of such property
prove unsuccessful the City Council as part of the Project, hereby authorizes the Sports
Authority to take fee simple title to the real property depicted on Exhibit A of this
Resolution through the power eminent domain
ADOPTED this ~ 3 day of February 2001
ATTEST
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By• -~-
City Secret
APPROVED AS TO FORM AND LEGALITY
By'
Theodore P Gorski
Assistant City Attorney
APPROVED
CITY COUNCIL
FEB 13 2001
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