25-1394A
A resolution (1) declaring approximately 217,911 square feet of improved land unwanted and unneeded, located near the intersection of North Stemmons Freeway and West Mockingbird Lane, and authorizing its advertisement for sale by public auction or through a Real Estate Brokerage service with a two-tier sale process where the property is offered for sale as-is with improvements and as land only; (2) establishing a reserve for the auctioned surplus property; (3) authorizing a Purchase and Sale Agreement to be prepared for the surplus property receiving highest qualified bid that meets or exceeds the reserve; and (4) authorizing the conveyance of a deed in a form acceptable to City Attorney - Estimated Revenue: TBD - Real Estate Market to determine the value
- Committee
- Department of Facilities and Real Estate Management
- Requested by
- Department of Facilities and Real Estate Management (FRM)
- Introduced
- April 17, 2025
- On agenda
- April 23, 2025
- Enactment no.
- 25-0665; APPROVED
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