HomeMy WebLinkAboutResolution 779 ' A `3OLUTION FtLE NO. b;
WHEREAS, certain real property being described as Block 95 ,
Original Town of the City of Fort Worth, and presently belonging to
the City of Fort Worth, has been duly and properly advertised for
sale to the general public through notice published in a newspaper
of general circulation in Tarrant County; and
WHEREAS, in accordance with City policy regarding the sale of
real property only one (1) bid on said property was received by the
City and opened in a public meeting on April 2 , 1981; and
WHEREAS, Hunt Investment Corporation submitted the only bid on
said property; and
WHEREAS, the bid of Hunt Investment Corporation , in the amount
of $1,201,000. 00 was in excess of the minimum advertised price of
$1,200, 000.00 for said property; and
WHEREAS, Hunt Investment Corporation also submitted with its
bid detailed intended future utilization of said property, and
included a definitive statement as to the integration of the property
with planned private development in the area, in accordance with the
advertisement of the sale of the property; and
WHEREAS, the said proposal of Hunt Investment Corporation fully
meets the City's goals , including longer-range economir. benefits and
Hunt Investment Corporation has satisfactorily demonstrated its
ability to implement its proposal, also in accordance with the
advertisement of the sale of said property; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH.
SECTION 1.
That it is the intent of the City Council to sell all of Block
95, Original Town of Fort Worth, to- the bidder which has submitted
the highest , best and only bid proposal thereon, i.e. , Hunt Investment
Corporation or its assigns , for the -sum of $1,201,-M.00, with the
condition that the site be developed in accordance with the bid
proposal submitted by the said Hunt Investment Corporation and if
assigned, Hunt Investment Corporation or its assigns would be liable
and responsible for said development .
SECTION 2.
That the City Manager is hereby authorized and directed to
negotiate, upon the most favorable terms to the City which may be
obtained, a contract covering the sale of Block 95 , Original Town
of Fort Worth, with Hunt Investment Corporation or its assigns , and
O
CITY OF FORT WORD'S
present the same to the City Council at the earliest practicable
date for consideration.
SECTION 3.
The City Secretary is hereby directed to publish the caption
and Section 1 of this Resolution in the official newspaper of the
City of Fort Worth once a week for four (4) consecutive weeks .
CITY OF FORT WORTH