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HomeMy WebLinkAboutRES 06-188 RESOLUTION NO. 06-188 WHEREAS, the Beaumont Housing Authority has expressed an interest in acquiring a portion of land owned by the City of Beaumont located at the Beaumont Fair Grounds commonly referred to as Fair Park; and, WHEREAS, the Beaumont Fair Grounds were conveyed to the City of Beaumont by the South Texas State Fair with the intent that the property be used for parks, fairground and amusement purposes; and, WHEREAS, Article XVI, Section 4 of the Charter of the City of Beaumont indicates no park shall ever be sold until such sale is authorized by a majority vote of the qualified voters of the City; and, WHEREAS, the City Council of the City of Beaumont desires to convey property to the Beaumont Housing Authority contingent upon the satisfaction of the mandates of the City Charter and other conditions: NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT: THAT the City Manager is hereby authorized to execute an option to purchase agreement giving the Beaumont Housing Authority an option to purchase ± 27.954 acre tract of land out of the Beaumont Fair Park facility, James Drake Survey, Abstract No. 18 and the A. Williams Survey, Abstract No. 385, at an estimated value of $365,000 subject to the following conditions: -� That the requirements of Article XVI, Section 4 of the Charter of the City of Beaumont are satisfied by securing favorable authorization of the sale by a majority of the vote of the qualified voters of the City; -� That the property is professionally surveyed and a property description prepared; and, -� The conveyance will be subject to reversion to the City of Beaumont should the land not be used for purposes of low to moderate income housing for the citizens of Beaumont. BE IT ALSO RESOLVED that the conveyance is to be conditioned upon the continued use of the land for the public purpose of low to moderate income housing for residents of the City of Beaumont, Texas. PASSED BY THE CITY COUNCIL of the City of Beaumont this the 30th day of June, 2006. d Mayor Guy N. Goodson - sg ht J FE _ /p4 M ilV