HomeMy WebLinkAboutPR 11220: PROPERTY PURCHASEinteroffice
MEMORANDUM
To: Mayor, City Council, City Manager
From: Mark T. Sokolow, City Attorney
Subject: P.R. No. 11220
Febmar3, 19, 2002 Council Meeting
February 15, 2002
Date:
Attached is a proposed resolution to purchase Lot 10, Block 2, Schmyser 3.
The lot is on the tax roll for $860. The proposed purchase price is $1490. The Seller,
Mr. Buchanan purchased the property at a tax sale on June 6, 2000. I will distribute a
copy of the title report to you in the executive session.
Attachment
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RESOLUTION NO.
A RESOLUTION AUTHORIZING
P. K. No. 11220
02/15/02 -jb
THE CITY
MANAGER AND THE CITY ATFOKNEY TO
PURCHASE PROPERTY LOCATED AT LOT 10 BLOCK
2 SCHMYSER 3 IN THE CITY OF PORT ARTHUR
AND TO EXECUTE THE CLOSING DOCUMENTS.
WHEREAS, the City &sires to purchase property locatcd as designated in Exhibit
"A"; and
WHEREAS, thc property will be necessary for the development of primarily low
incomc homes in thc West Sidc.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF PORT ARTHUR:
Section 1. That thc facts and opinions in thc preamble are true and correct.
Section 2. That thc City M0a~agcr and thc City Attorney are herein authorized to take
such neccssary steps as to purchase thc property located at Lot 10, Block 2, Schmyscr 3, in the
City of Port Arthur, as substantially dcsctibcd in Exhibit "A".
Section 3. Thc purchase price and cost reimbursement for the property shall be as
delincated in Exhibit "B".
Section 4. That a copy of the caption of this Resolution be spread upon thc Minutes
of thc City Council.
READ, ADOPTED AND APPROVED on this
2002,
day of ., A.D.,
at a Regular Meeting of thc City Council of the City of Port Arthur, Texas, by thc
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following vote:
AYES: .,
;
NOES:
OSCAR ORTIZ, MAYOR
ATrEST:
JAN STRODER, ACTING CITY SECRETARY
APPROVED AS TO FORM:
MARK T. SOKOLOW, CITY ATTORNEY
APPROVED FOR ADMINISTRATION:
STEVE FITZGIBBONS, CITY MANAGER
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EXHIBIT "A'
LEGAL DESCRIPTION OF THE LAND:
Lot Number Ten (10) in Block Number Two (2) of SCHMYSER SUBDIVISION NO. 3
to the City of Port Arthur, Jefferson County, Texas, as the same appears upon the map or
plat thereof, on file and of record in Vol. 2 page 34 Map Records of Jefferson County,
Texas.
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EXHIBIT "B"
PURCHASE PRICE
Grantor:
Grantee:
Price:
Tide Insurance:
Liens:
Commission to Jeff Hayes:
Taxes:
Closing Costs:
R. E. Buchanan, M.D.
City of Port Arthur
$1490
City will pay $270 for title insurance
Labor liens of 12/28/1989 for $36.13, 11/12/1990 for
$35.57, 3/25/1991 for $35.57, and 6/30/1992 for
$37.34 will be waived
$150
To be prorated at closing
To be prorated according to custom.
Title Company will issue policy with exceptions as it
relates to Note 9 under Schedule C.
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