CITY OF EL PASO, TEXAS
LEGISTAR AGENDA ITEM SUMMARY FORM
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Details
District 4
Capital Improvement Department, Joaquin Rodriguez, (915) 212-0065
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AGENDA LANGUAGE:
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Title
Discussion and action on a Resolution that the City Manager, or designee, is authorized to effectuate the purchase and closing of a 1.1720-acre parcel of property legally described as a portion of Tract 1, Section 32, Block 80, Township 1, TEXAS AND PACIFIC RAILWAY COMPANY SURVEYS, in the City of El Paso, El Paso County Texas including any and all improvements located on the Property for $612,612. Further, the City Manager or designee is authorized to: (1) execute a Contract of Sale with JPMorgan Chase Bank, National Association, Successor by Merger to Chase Bank of Texas, National Association, Trustee of the Wilma Donohue Moleen Foundation, (2) sign any and all documents related and/or necessary to effectuate the purchase and closing of the property, (3) exercise all rights and obligations as provided in the Contract of Sale, (4) sign any documents necessary to effectuate any rights or obligations in relation to the purchase and closing of the property, (5) sign any contract amendments provided that such amendments do not increase the purchase price, and (6) use the MPO Match funds and effectuate any budget transfers necessary to ensure the funds are obligated and fully expended in accordance with the funding requirements.
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