25-474

Discussion and action on a Resolution authorizing the City Manager, or designee, to effectuate the purchase and closing of real property commonly known as 301 W. Overland, El Paso, Texas, and further described as 159 feet on Chihuahua Street X 120 feet on Overland Street, Block 31, Mills Map Addition, situated within the corporate limits of the City of El Paso, El Paso, County, Texas, for the purchase price of $2,340,000.00. 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

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