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File #: 23-204    Version: 1
Type: New Business Status: Approved
File created: 3/8/2023 Meeting Body: City Council
On agenda: 3/21/2023 Final action: 3/21/2023
Title Search: Consider a resolution awarding the successful auction of city owned property, at 541 Keller Parkway, to JRTR Investments, LTD. for the purchase price of $200,000, in accordance with Chapter 272 of the Texas Local Government Code, pursuant to the city's economic development incentive policy; and authorizing the City Manager to execute all required documents on behalf of the City of Keller, Texas.

To:                     Mark R. Hafner, City Manager

From:                     Mary Culver, Director of Economic Development

Subject:                     

Title

Consider a resolution awarding the successful auction of city owned property, at 541 Keller Parkway, to JRTR Investments, LTD. for the purchase price of $200,000,  in accordance with Chapter 272 of the Texas Local Government Code, pursuant to the city’s economic development incentive policy; and authorizing the City Manager to execute all required documents on behalf of the City of Keller, Texas.

Body

 

The City issued an Auction for Sale and Request for Proposals for the development of city owned property at 541 Keller Pkwy on February 15, 2023.

In compliance with Chapter 272 of the Texas Local Government Code, the notice for the auction of property was included in a paper of general circulation for two consecutive weekend runs.

One response was received with a bid of $200,000 to purchase the land to build an approximately 5,000 square foot restaurant.