Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Redevelopment into a convenience store
Entity Name: 7-Eleven, Inc., a Texas Corporation
Entity Address: 3200 Hackberry Road, Irving, Texas 75063
Sale Amount: $306,000.00
Cost Basis: ( ) $0.00 PSF (X) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $306,000.00
Appraised Amount: $0.00
Contract Period: Construction to commence no later than 90 days after closing and be completed no later than 24 months after closing
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
(X) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
List of Property:
(Address/Block/Lot/Ward)
295 Lyons Avenue/Block 3051/Lot 24/South Ward
297-299 Lyons Avenue/Block 3051/Lot(s) 25,26/South Ward
301 Lyons Avenue/Block 3051/Lot 27/South Ward
303 Lyons Avenue/Block 3051/Lot 28/South Ward
119-121 Aldine Street/Block 3051/Lot(s) 22,23/South Ward
Additional Information:
body
WHEREAS, the purpose of this resolution is to approve the execution of a Redevelopment Agreement which provides for the sale and redevelopment of the following City-owned properties:
ADDRESS WARD BLOCK LOT(S) SIZE SQ. FEET
295 Lyons Avenue South 3051 24 25X102 2,550
297-299 Lyons Avenue South 3051 25,26 50X104.4 5,220
301 Lyons Avenue South 3051 27 25X106 2,650
303 Lyons Avenue South 3051 28 25X108 2,700
119-121 Aldine Street South 3051 22,23 50X100 5,000
(the "Property")
Total Purchase Price: $306,000.00, subject to certain credits; and
WHEREAS, the Local Redevelopment and Hous...
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