HomeMy WebLinkAbout032685 RES - 02/22/2022Resolution authorizing Real Estate Contracts and Developer
Participation Agreement with Lands Greenwood 2018, LLC and
MPM Development, LP for the sale and exchange of City owned
Tots on Oso Creek at Starry Circle and authorizing execution of
deeds and any related documents necessary to complete the sale
and exchange and convey the lots.
WHEREAS, on February 9, 2021, City Council passed Ordinance declaring City
owned land on Oso Creek at Starry Circle as surplus property; authorizing its sale or
exchange to the public by sealed bid; and authorizing execution of the deed and any
related documents necessary to complete the sale and convey the property;
WHEREAS, February 23, 2021, RFB 3528 opened sealed bid for the sale or
exchange of the approximately 123.3 acre Oso Creek property;
WHEREAS, the City sought bids for a property exchange for property to
accommodate a 130 -acre detention pond near the confluence of La Voila Creek
and Airport Tributary;
WHEREAS, MPM Homes Inc and Lands Greenwood 2018 LLC submitted
joint bid for: (1) La Voila Creek Tract being 132.090 acres Appraised -
$1,650,000, (2) $1,000,000 Cash, (3) 1,710 feet of Rodd Field road construction
Cost - $1,752,000, (4) 1,945 feet of Safety Steel road construction Cost -
$2,085,000, (5) 968 feet of Oso Parkway road construction Cost - $1,032,000 (6)
Parking Lot, 20 ft. by 300 ft. Cost - $75,000, and (7) Park trail brush removal Cost
- $35,000;
WHEREAS, MPM Homes Inc and Lands Greenwood 2018 LLC submitted
joint bid provides the best value for the City;
WHEREAS, pursuant to Community Development Block Grant Disaster
Recovery Grant (" CDBG- DR") and HUD regulation (24 CFR § 58.22(a)), the
City cannot execute a contract to purchase the La Voila Creek Tract until the
environmental review of the property is complete and the Texas General Land
Office or U.S. Department of Housing and Urban Development issues an
Authorization to Use Grant Funds; and
WHEREAS, on or about March 7th the City of Corpus Christi will submit a
request to the Texas General Land Office for the release of Community
Development Block Grant Disaster Recovery Program (GLO Contract No. 20-
065-133-C445) funds under the Continuing Appropriations Act, 2018 and
Supplemental Appropriations for Disaster Relief Requirements Act, 2017 (Public
Law 115-56), to undertake a project known as La Voila Creek Drainage
Improvements - Regional Detention Facility for the purpose of flood mitigation,
estimated HUD funding is $7,234,755.00; non -HUD (local) funding is estimated
at $7,600,000.
032685
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SCANNED
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
TEXAS:
SECTION 1. Upon issuance of Authorization to Use Grant funds in reference to
acquisition of the La Voila Creek Tract, the City Manager or designee is authorized
to execute Real Estate Contracts and Developer Participation Agreement with
Lands Greenwood 2018, LLC and MPM Development, LP, for the sale and
exchange of City owned lots on Oso Creek at Starry Circle, as identified in
Ordinance 032345.
SECTION 2. The City Manager or designee is authorized to execute deeds and other
related documents necessary to complete the sale and exchange and convey the lots.
PASSED AND APPROVED on the day of �� , 2022:
Paulette M. Guajardo
Roland Barrera
Gil Hernandez
Michael Hunter
Billy Lerma
John Martinez
Ben Molina
Mike Pusley
Greg Smith
ATTEST:
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Rebecca Huerta
City Secretary
OF CORPUS CHRISTI
032 605
i
Paulette M. Guajardo
Mayor
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