Laserfiche WebLink
P.R. No. 22729 <br /> 08/04/22 ht <br /> RESOLUTION NO. <br /> A RESOLUTION AUTHORIZING THE CITY MANAGER <br /> AND CITY ATTORNEY TO EXECUTE REAL ESTATE <br /> SALES CONTRACTS WITH READY, WILLING AND ABLE <br /> BUYERS WHO HAVE SUBMITTED THE HIGHEST OFFER, <br /> FOR THE TRACTS OF LAND LOCATED IN THE MARINA <br /> COLONY SUBDIVISION ON PLEASURE ISLAND, AS SET <br /> FORTH IN CHAPTER 253 TEXAS LOCAL GOVERNMENT <br /> CODE <br /> WHEREAS,on February 19,2021,the City Council passed a Motion authorizing the sale <br /> of city-owned properties located in the Marina Colony Subdivision known as Mariner's Cove on <br /> Pleasure Island, by a licensed real estate broker as set forth in Chapter 253 of the Texas Local <br /> Government Code (TLGC); and, <br /> WHEREAS,the Motion further authorized the City Manager to execute such contract with <br /> a licensed broker with the final approval of sale approved by the City Council; and, <br /> WHEREAS, a certified local appraiser was hired to determine the fair market value of a <br /> total of eleven (11) tracts of land (i.e., Lots 35, 75, 76, 77, 78, 78, 80, 81, 82, 83, & 84 Marina <br /> Colony Section 1) in the Mariner's Cove Subdivision; and <br /> WHEREAS, pursuant to Section 253.014(d) of the TLGC, the City contracted with a <br /> licensed broker to list the eleven (11) tracts for sale for at least thirty (30) days (i.e., June 23 — <br /> August 3,2022)on a multiple listing service and ready,willing and able buyers who submitted the <br /> highest cash offers were produced by the licensed broker on or after the thirtieth (30th) day as <br /> delineated in Exhibit"A"; and <br /> WHEREAS,it is deemed in the best interest of City Council to authorize the City Manager <br /> and City Attorney to executed the real estate sales contracts, in substantially the same form, as <br /> attached hereto as Exhibits "B thru L", with the prospective buyers for the eleven (11) tracts of <br /> land in the Subdivision. <br /> NOW THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br /> OF PORT ARTHUR: <br /> THAT,the facts and opinions in the preamble are true and correct. <br /> THAT,the City Manager is hereby authorized to execute real estate sales contracts for the <br /> eleven (11) tracts of land located in the Mariner's Cove Subdivision with the following ready, <br /> willing and able buyers: <br />