HomeMy WebLinkAbout0290_288288
A RESOLUTION AMENDING A RESOLUTION
AUTHORIZING THE CITY MANAGER TO SELL
LAND OWNED BY THE CITY OF GEORGETOWN
IN THE SOUTH SAN GABRIEL URBAN RENEWAL
ADDITION AND SPECIFYING THE CONDITIONS
OF THE SALE.
WHEREAS, the City Council of the City of Georgetown, Texas, did
pass and approve on the 10th day of October, 1978, a resolution, a true
copy of which is attached as Exhibit I, authorizing the City Manager to
sell any part of those parcels of land located in the South San Gabriel
Urban Renewal Addition which were deeded to the City of Georgetown as
a result of the closeout of the Georgetown Urban Renewal Project, subject
to certain conditions and standards;
WHEREAS, any future parcels sold shall be subject only to those cer-
tain conditions and standards as described below,
NOW, THEREFORE BE IT RESOLVED by the City Council of the
City of Georgetown, Texas, that the above described resolution be amend-
e:i as follows:
Section 1. Conditions and Standards Deleted - the following conditions
and standareks are hereby deleted from the above referenced resolution, and
future land sLdes in the South San Gabriel Urban Renewal Addition by the
City of Georgetown shall not be subject to them:
(1) Land shall be sold by the City to the highest qualified
bidder after receiving separate sealed bids in accordance
with State and local law, provided however, that any bidder
who is an Urban Renewal Project Area resident or ex -resident
or who is related to an Urban Renewal resident or ex -resident
as mother, father, daughter, son, grandmother, grandfather,
granddaughter, grandson, brother or sister, shall have the
option of meeting the highest bid and purchasing the parcel
bid upon, unless the highest bidder is likewise an Urban
Renewal resident or ex -resident or so related to an Urban
Renewal resident or ex -resident, in which event, the option
to meet the highest bid and purchase the property may be
exercised by the highest bidder who is such a resident, ex -
resident, or so related, and should he fail to exercise such
option, same may be exercised by the next highest bidder among
those who are residents, ex -residents, or so related to same,
and so on, until a qualified option is exercised, or no bidder
is eligible to exercise the option.
(2) The minimum bid for any parcel to be sold shall be one and
one-half times the estimated value of the property as provided
in the Memorandum of Agreement between the City of George-
town, Texas and the Urban Renewal Agency of the City of George-
town. The City of Georgetown may reject any bid which is less
than the minimum bid price so established. All lots will be sold
for cash only.
Section 2. Conditions and Standards Retained - Future land sales in
the South San Gabriel Urban Renewal Addition by the City of Georgetown
shall be subject to all conditions and standards specified in the above refer-
enced resolution and not deleted by Section 1 of this resolkition.
Section 3. Additional Conditions
the South San Gabriel Urban Renewal
shall be for cash only.
and Standards - Future land sales in
Addition by the City of Georgetown