HomeMy WebLinkAbout(0067) M&C 20-0964City of Fort Worth,
Mayor and
Texas
Council Communication
DATE: 12/15/20 M&C FILE NUMBER: M&C 20-0964
LOG NAME: 21 PMD CFO DIRECT SALE 4419 ROCKWOOD DR
SUBJECT
(CD 2) Authorize the Direct Sale of a City Fee -Owned Property Located at 4419 Rockwood Drive for a Total Cost of $6,700.00 to Gyant Frog
LLC in Accordance with Section 272.001(b)(1) of the Texas Local Government Code
RECOMMENDATION:
It is recommended that the City Council:
1. Authorize the direct sale of a City fee -owned property located at 4419 Rockwood Drive for a total cost of $6,700.00 to Gyant Frog LLC in
accordance with Section 272.001(b)(1) of the Texas Local Government Code; and
2. Authorize the City Manager or his designee to execute and record the appropriate instrument(s) conveying the property to complete the
sale.
DISCUSSION:
Gyant Frog LLC (Buyer) is the current owner of the adjacent lot and is interested in purchasing this City fee -owned lot in order to clean up, maintain
and incorporate it into their land. The Buyer submitted a direct sale request to the Property Management Department to purchase the Property
referenced below. The subject property cannot be developed independently; therefore the direct sale is authorized under Local Government Code
Section 272.001(b)(1). The property was originally acquired by the City in 1977 for the relocation of Brookside Drive at its convergence with White
Settlement Road.
An independent appraisal was performed on the property and the agreed upon acquisition price of $6,700.00 includes administrative and
document preparation fees totaling $1,600.00. The buyer will be responsible for all closing costs related to this transaction. The City of Fort Worth
will retain any mineral interests it may own in conjunction with the property.
CFW
Total
TAD
Appraised
Property Address
Legal Description
Lot Size
Admin
Purchase
Zoning
Acct #
Value
Fee
Price
4419 Rockwood
Lot 3B, Block 1
00315737
Drive
Brookside Annex
3,506 SF
$5,100.00
$1,600.00
$6,700.00
A-10
Addition
The Development Services Department reviewed the current zoning of the property and determined the zoning classification of the property is
compatible with respect to the existing land use of the surrounding neighborhood and future land use designations indicated in the Comprehensive
Plan.
The property is located in COUNCIL DISTRICT 2.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendations, funds will be deposited into the General Fund. The Property
Management Department (and Financial Management Services) are responsible, upon closing and funding of the sale, for the collection and
deposit of these funds into the General Fund. Prior to any expenditure being incurred, the Property Management Department has the
responsibility of verifying the availability of funds.
Submitted for City Manager's Office by. Dana Burghdoff 8018
Originating Business Unit Head: Steve Cooke 5134
Additional Information Contact: Ricardo Salazar 8379
Andrea McIntosh 6253