25-472

Discussion and action on a Resolution authorizing the City Manager, or designee, to effectuate the purchase and closing of real property commonly known as 320 W. San Antonio, El Paso, Texas, and further described as a portion of Block 31, according to the Mills Map of the City of El Paso, El Paso, County, Texas, and a portion of Old Sonora Street (now closed), for the purchase price of $2,450,000.00. Further, the City Manager, or designee, is authorized to: (1) execute a Contract of Sale with Lynx Industries, Ltd. for the purchase of the property; (2) sign any and all documents related 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) effectuate any budget transfers necessary for the purchase and closing of the property.

Other Business Agenda Ready Introduced April 7, 2025

What this record is

Read automatically from the title of the official record. The source document below is authoritative.