HomeMy WebLinkAbout033240 ORD - 12/12/2023Ordinance authorizing an option to sale contract with TG 110 Inc. for the sale of a 3.47 -acre
parcel of surplus land located at or near 2212 Morris Street in Council District 1; and
authorizing the related sale and conveyance of the 3.47 -acre parcel of surplus land located
at or near 2212 Morris Street to the TG 110 Inc. for $10 and development of affordable
housing
WHEREAS, in accordance with Texas Local Government Code §253.011, the City
may transfer to a nonprofit organization, for consideration in the form of an agreement
between the parties that requires the nonprofit organization to use the property in a manner
that primarily promotes a public purpose of the municipality without complying with the notice
and bidding requirements of Texas Local Government Code § 272.001(a) or other law.
WHEREAS, the City owns the former Lamar Elementary Site and nearby
Neighborhood Parcels, which combined, is 3.47 -acre tract of surplus land located at or near
2212 Morris St, as further described as Lots 1-7, 8A, 10-12, Block 1 & 2, Eckerd, Corpus Christi,
Nueces County, Texas, and 0.41 -acre (18,000 SF) road easement known as Mary Street,
which is proposed to be abandoned, as shown in (Exhibit A) attached hereto and incorporated
by reference;
WHEREAS, TG 110 Inc. is proposing the development of the former Lamar
Elementary Site and nearby Neighborhood Parcels for affordable housing for low-income
households utilizing housing tax credits; and
WHEREAS, the option contract and the sale and conveyance of surplus land are
authorized pursuant to Texas Local Government Code §253.011 and/or §272.001(g).
NOW , THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS
CHRISTI, TEXAS, THAT:
Section 1. The City Council specifically finds that the foregoing statements included in the
preamble of this ordinance are true and correct and adopts such findings for all intents and
purposes related to the authorization of this project.
Section 2. The City Manager or designee is authorized to execute an options contract with
TG 110 Inc. for the option to purchase property located at or near 2212 Morris St, described
as being a total of 3.47 acres (Exhibit A), including Lot 1, Block 1, Eckerd Subdivision, and
Lots 1,2,3,4,5,6,7, 8A, 10,11, and 12, Block 2, Eckerd Subdivision, Corpus Christi, Nueces
County, Texas and 0.41 -acre subject to a road easement known as Mary Street, which is
proposed to be abandoned, in exchange for $10 and maintenance of the property, for a period
ending March 31, 2025, with such option exercisable upon receipt of a housing tax credit from
Texas Department of Housing and Community Affairs.
Section 3. The City Manager or designee is authorized to execute all documents necessary
to sell and convey an approximately 3.47 -acre parcel of surplus land located at or near 2212
Morris St, described including Lot 1, Block 1, Eckerd Subdivision, and Lots 1,2,3,4,5,6,7, 8A,
10,11, and 12, Block 2, Eckerd Subdivision, Corpus Christi, Nueces County, Texas, and 0.41 -
acre subject to a road easement known as Mary Street, which is proposed to be abandoned,
in exchange of $10 and development of the property for affordable housing for low-income
households.
033240
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SCANNED
,
Introduced and voted on the `�tiday of uk.CQk4-4( , 2023.
SED and APPR• ED on the 1AI11 day of iv\W" 2023.
ATTE T:
Paulette Guajardo, Mayor
• �— C�� t
Re•ecca Huerta, C
y Secretary
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EXHIBIT A