HomeMy WebLinkAboutResolution Fort Worth Local Development Corporation (FWLDC) FWLDC-2012-06RESOLUTION NO. FWLDC-2012-06
FORT WORTH LOCAL DEVELOPMENT CORPORATION
RESOLUTION
OF THE BOARD OF TRUSTEES
Arithorize the Sale of 2200 Bomar Avenue to the City (#'Fort Worth
for $34,848.00.for a Water Facility
WHEREAS, the Fort Worth Local Development Corporation ("Corporation") is the
owner of a tract of land known as 2200 Bomar Avenue, Fort Worth, Texas ("Property");
WHEREAS, the Property was tax -foreclosed property that was purchased by
Corporation in January 2009 pursuant to a resolution approved by the Corporation's Board of
Trustees on December 16, 2008;
WHEREAS, the Corporation purchased the property in order to promote revitalization of
the area with commercial and residential developments in order to benefit the citizens of Fort
Worth; and
WHEREAS, the City of Fort Worth ("Purchaser") desires to acquire the Property for
renovation and expansion of the water system infrastructure, which will serve commercial and
residential developments in the area.
NOW, THEREFORE, BE IT RESOLVED that Corporation is hereby authorized to
sell the Property to Purchaser for the amount of $34,848.00;
FURTHER RESOLVED, that Purchaser shall pay all closing costs relating to the
conveyance of the Property;
FURTHER RESOLVED, that Corporation shall except and reserve from the
conveyance of the Property all remaining oil, gas, and other minerals in and under and that may
be produced from the Property;
FURTHER RESOLVED, that the President or Vice President is authorized to execute
all necessary instruments and documentation to effect the sale of the Property; and
FURTHER RESOLVED, that the Secretary or any Assistant Secretary of the
Corporation is hereby authorized and directed to certify the adoption of this Resolution.
Adopted this 5"' day of June, 2012.
L `/ """,
g 6
Dennis Shihi gleton, ,S", etary