HomeMy WebLinkAboutRes 2009-01-02 Authorizing CM to Execute a Real Estate Sales Contract-Independent Bank.pdfCITY OF ANNA, TEXAS
RESOLUTION NO. 2004" Dt-oa
A RESOLUTION OF THE CITY OF ANNA, TEXAS APPROVING AND AUTHORIZING
THE CITY MANAGER TO EXECUTE A REAL ESTATE SALES CONTRACT
WHEREAS, the City Council of the City of Anna, Texas ("City Council") desires to
approve and authorize the purchase of real property, including but not limited to
improvements and personal property, on land commonly known as Lot 1 of the
Independent Bank Addition to the City of Anna, Collin County, Texas, more commonly
referred to as 101 South Powell Parkway, Anna, Texas 75409 (the "Property) from
Independent Bank ("Bank") in accordance with a Real Estate Sales Contract
("Contract") between the City of Anna, Texas ("City') and the Bank (the "Transaction")
as set forth in this Resolution; and,
WHEREAS, the City Council has determined that the Transaction will benefit the health
and safety of the public in providing for economically feasible public facilities that will
serve the public's interest; and,
WHEREAS, the City Council has determined that it is in the best interest of the City and
its citizens to authorize the City Manager's execution of said Contract and authorize the
consummation of the Transaction;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ANNA, TEXAS, THAT:
Section 1.
The recitals above are incorporated herein as if set forth in full.
Section 2.
The City Council authorizes the City Manager to execute, on behalf of the City, and
subject to the approval as to form by the City Attorney, the Contract with the Bank and
further authorizes the City Manager to consummate the Transaction in accordance with
the Contract, including the authority to execute, on behalf of the City, all additional
documents necessary to consummate the Transaction and close on the Property.
Section 3.
The City Manager is hereby instructed to take all steps necessary to consummate the
Transaction, including but not limited to, adherence with the Contract's provisions and
CityeAnna,Te Resolution No. d007-61-0 Page I of
hiring of professionals or consultants to examine title and perform other necessary
functions.
PASSED AND APPROVED by the City Council of the City of Anna, Texas this the 13th
day of January, 2009.
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Ke elham, ayor
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NathWWilkison, City Secretary
City of Anna, Texas Readugon No. aZ 0491 —491-02 Page 2 of 2