HomeMy WebLinkAbout5-27-2004-12.13 - Resolution - 05/27/2004RESOLUTION NO. 5-27-2004-[2.13
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION.
TEXAS, APPROVING A REAL ESTATE CONTRACT FOR THE SALE OF 111
LUTHER ST.
WHEREAS. the City of College Station. Texas. sohcRed competitive bids for the sale of land
under Section 272 001(a) of thc Texas Local Government Code. and
WHEREAS. the selection of Michael Chad Cannon is being recommended as the qualified
bidder meeting all requirements, now. therefore.
BE IT RESOLVED by the City Councd of the City of College Station, Texas
PART 1 That the City Council hereby finds that MJchael Chad Cannon is the
highest qualified bidder meeting all rcqmrements of Bid # 04-12
PART 2.
That the City Council hereby approves the real estate contract with
Michael Chad Cannon for $83,017 00 for the sale of the property and
improvements located at ! 11 Luther St
PART 3
That the City Council hereby approves $15.000 in down payment
assJstance to Michael Chad Cannon to facditate the purchase, as budgeted
in the City of College Statmn Community Development FY 2003 Budget.
PART 4
That the proceeds from the sale of th,s Project shall be budgeted for f~ture
Home Investment Partnership (HOME) Grant - eligible acttvlUes by the
Community Development Department.
PART 5 That this resolution shall take effect immediately from and after its
passage
ADOPTED this 27£h day of l~y . A D 2004
A'[TEST
CONNIE HOOKS. City ~3eeretary
APPROVED'
C~ty Attorney
APPROVED