HomeMy WebLinkAboutResolution No. 2010-059N1.
CITY OF THE COLONY, TEXAS
RESOLUTION NO. 2010- 059
ORIGINAL
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
THE COLONY, TEXAS, AUTHORIZING THE CITY TO
PURCHASE A HOME AND PROPERTY LOCATED AT 4657
ARCHER DRIVE; AUTHORIZING TITLE EXPENSE AND
CLOSING COSTS; AUTHORIZING RELOCATION EXPENSE
FOR THE CURRENT OCCUPANT OF THE PROPERTY;
AUTHORIZING THE CITY MANAGER TO EXECUTE
NECESSARY DOCUMENTS TO FACILITATE THE
TRANSACTIONS; PROVIDING AN EFFECTIVE DATE
WHEREAS, due to the impending widening of F.M. 423 (Main Street) by the
Texas Department of Transportation the connector loop roadway between Archer Drive
and Freeman Drive needs to be relocated fifty feet (50') west of its current location; and,
WHEREAS, said relocation of the Archer/Freeman loop roadway will require the
removal of a home located at 4657 Archer; and
WHEREAS, the City Council has determined it to be in the City's best interest to
authorize the purchase of said home and property so as to facilitate the relocation of the
Archer/Freeman loop; and,
WHEREAS, said home is currently occupied and the occupants require
relocation expense; and,
WHEREAS, the City is to be reimbursed by Denton County for all expenses
related to these transactions in the amount of $171,441 (one hundred seventy one
thousand, four hundred forty one dollars).
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF THE COLONY, TEXAS:
Section 1. That the City Council of the City of The Colony, Texas hereby
authorizes the purchase of the home and property located at 4657 Archer Drive in the
amount of $168,000 (one hundred sixty eight thousand dollars), authorizes relocation
expense of $1,600 (one thousand six hundred dollars) to the current occupant, and
authorizes $1,841 (one thousand eight hundred forty one dollars) for title and closing
expense.
Section 2. That the city manager is authorized to execute all documents
necessary to facilitate these transactions.
Section 3. That this resolution shall take effect immediately from and after its
passage.
PASSED AND APPROVED by the City Council of the City of The Colony,
Texas, this 6th day of July, 2010.
ATTES
~ (N,
ristie Wilson, TRMC, City Secretary
APPROVED AS TO FORM:
Jeff' oore, ' y Attorney
G
e McCou , Mayor
City of The clony, Texas
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