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HomeMy WebLinkAboutResolution 1992-052 /' RESOLUTION NO. 92-52 WHEREAS, the City of North Richland Hills has a Master Park Plan which calls for a series of parks in certain areas of the City where the City does not own land where parks can be developed; and WHEREAS, the City expects to immediately undertake a program to develop a large number of parks for the citizens over a period of the next five years; and WHEREAS, in order to acquire land for the proposed parks, it is to the advantage of the City and its inhabitants to acquire the necessary real property while the price of real estate is low, as it is at the present time; and WHEREAS, the council finds that if it were to become known that the City is seeking to acquire land for park purposes that the price of the land would be driven up; and WHEREAS, if the City is forced to wait until it is common knowledge that the City has bond funds with which to acquire real estate for park purposes, then in such event, the price of real estate would be driven up to the detriment of the City and its inhabitants. NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND HILLS, TEXAS that: 1. The City Manager is authorized to take all steps necessary to locate and purchase the real estate necessary to follow the dictates of the Master Park Plan. 2. The City Manager is directed to acquire or secure options on the necessary real estate as soon as possible and to use City funds which are available at this time, and which can be reimbursed by funds received from bond sales by the North Richland Hills Park and Recreation Facilities Corporation. 3. The City Manag~r ~s directed to use discretion in acqu1r1ng the said properties so that it does not become generally known that the City is attempting to purchase park property. 4. At this time, the City Manager is authorized to deliver to Republic Title of Texas a cashier's check purchased by the City in an amount not exceeding $85,000.00 in payment for a 37 acre tract of land in the Stephens Richardson Survey, Abst 1266, North Richland Hills, Tarrant County, Texas which is the property described in a contract of sale involving Nelson Creditors Trust (seller) and Marvin Douglas Bailey (buyer), which has been assigned by the purchaser to the City. 5. The City Manager is authorized to put up earnest money deposits on other tracts of land as they become available and is given full discretion in terms of purchase. 6. The City Council contemplates that all funds advanced by the City to purchase park land will be reimbursed from the sale of municipal bonds by the North Richland Hills Park and Recreation Facilities Corporation. t< PASSED AND APPROVED this C¡..- day of November, 1992. APPROVED: ATTEST: ~~ Mayor Ç)&.úM /~I!.a)';" -C ty Secretary APPROVED AS TO FORM); ;EG~ Attorne~CitY /' RESOLUTION NO. 92-52 WHEREAS, the city of North Richland Hills has a Master Park Plan which calls for a series of parks in certain areas of the city where the city does not own land where parks can be developed; and WHEREAS, the City expects to immediately undertake a program to develop a large number of parks for the citizens over a period of the next five years; and WHEREAS, in order to acquire land for the proposed parks, it is to the advantage of the City and its inhabitants to acquire the necessary real property while the price of real estate is low, as it is at the present time; and WHEREAS, the council finds that if it were to become known that the City is seeking to acquire land for park purposes that the price of the land would be driven up; and WHEREAS, if the City is forced to wait until it is common knowledge that the City has bond funds with which to acquire real estate for park purposes, then in such event, the price of real estate would be driven up to the detriment of the city and its inhabitants. NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND HILLS, TEXAS that: 1. The city Manager is authorized to take all steps necessary to locate and purchase the real estate necessary to follow the dictates of the Master Park Plan. 2. The City Manager is directed to acquire or secure options on the necessary real estate as soon as possible and to use City funds which are available at this time, and which can be reimbursed by funds received from bond sales by the North Richland Hills Park and Recreation Facilities Corporation. 3. The city Manag~r ~s directed to use discretion in acqu1r1ng the said properties so that it does not become generally known that the City is attempting to purchase park property. 4. At this time, the City Manager is authorized to deliver to Republic Title of Texas a cashier's check purchased by the city in an amount not exceeding $85,000.00 in payment for a 37 acre tract of land in the stephens Richardson Survey, Abst 1266, North Richland Hills, Tarrant County, Texas which is the property described in a contract of sale involving Nelson Creditors Trust (seller) and Marvin Douglas Bailey (buyer), which has been assigned by the purchaser to the City. 5. The city Manager is authorized to put up earnest money deposits on other tracts of land as they become available and is given full discretion in terms of purchase. 6. The city Council contemplates that all funds advanced by the city to purchase park land will be reimbursed from the sale of municipal bonds by the North Richland Hills Park and Recreation Facilities Corporation. t< PASSED AND APPROVED this 7..- day of November, 1992. APPROVED: ~ß~ Mayor ATTEST: Ç)&.Æ"",21~~l~A ).;., C ty Secretary APPROVED AS TO FORM lJtt!