HomeMy WebLinkAbout033293 ORD - 02/13/2024Ordinance authorizing Real Property Exchange Agreement with the Port of Corpus
Christi Authority for the conveyance and exchange of 1208 Peabody Avenue & 1622
Van Loan Avenue for 2011 Palm Drive & 2101 Van Loan Avenue, located in Council
District 1.
WHEREAS, per § 272.001(b)(5) of the Texas Local Government Code, the fair market
value of the land has been determined by an appraisal, and the City is not selling for less than
the fair market value; and
WHEREAS, the City is acquiring property from the Port of Corpus Christi to further its
mission to provide water for affordable housing.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
TEXAS:
S ECTION 1. That the City Manager or designee is authorized to execute a Real Property
Exchange Agreement to convey City properties located at 1208 Peabody Avenue and 1622 Van
Loan Avenue in exchange for Port of Corpus Christi parcels located at 2011 Palm Drive & 2101
Van Loan Avenue.
S ECTION 2. That the City Manager or designee is authorized to convey to the Port of Corpus
Christi property located at 1208 Peabody Avenue, Legal Description HILLCREST LT 1 BLK 40.
S ECTION 3. That the City Manager or designee is authorized to convey to the Port of Corpus
Christi property located at 1622 Van Loan Avenue, Legal Description HILLCREST LTS 13 THRU
15 BLK 16.
S ECTION 4. That the City Manager or designee is authorized to pay the Port of Corpus Christi
$3000.00 as additional consideration.
S ECTION 5. That the City Manager or designee is authorized to execute the deeds, closing
documents and other related documents necessary to complete the exchange and convey the
property.
Introduced and voted on the day of 0mAvKo1/4,r , 2024.
.\\A
PASSED and APPROVED on the \aay of
Paulette Guajardo, Mayor
, 2024.
ATTEST:
Rebecca Huerta, City Secretary
SCANNED
CITY OF CORPUS CHRISTI
CERTIFICATION OF FUNDS
(City Charter Article IV Sections 7 & 8)
I, the Director of Financial Services of the City of Corpus Christi, Texas (or his/her duly authorized
representative), hereby certify to the City Council and other appropriate officers that the money required
for the current fiscal year's portion of the contract, agreement, obligation or expenditure described
below is in the Treasury to the credit of the Fund specified below, from which it is to be drawn, and has
not been appropriated for any other purpose. Future payments are subject to annual appropriation
by the City Council.
City Council Action Date: January 30, 2024 Legistar Number: 24-0122
Agenda Item. Ordinance authorizing Real Property Exchange Agreement with the Port of Corpus Christi
Authority and the conveyance and exchange of 1208 Peabody Avenue & 1622 Van Loan Avenue for
2011 Palm Drive & 2101 Van Loan Avenue and provide additional payment thereof in the amount of
$3,000, located in Council District 1 with funding available from SWIFT Fund.
Amount Required: $3,000.00
Fund
Name
Accounting
Unit
Account
No.
Activity
No.
Amount
2020C
SWIFT
Bd
4483-45-89
550701
E15117-01-4483-EXP
$3,000.00
Total
$3,000.00
Director of Financial Services
Date: 24 Le d-