HomeMy WebLinkAbout165-15 RESOLUTION113 West Mountain Street
Fayetteville, AR 72701
(479) 575-8323
Resolution: 166-16
File Number: 2015-0408
REAL ASSETS, INC.:
A RESOLUTION TO AUTHORIZE A CONTRACT WITH REAL ASSETS, INC. TO
REPRESENT THE CITY IN SELLING APPROXIMATELY 1.25 ACRES OF CITY -OWNED
REAL PROPERTY ON OLD WIRE ROAD NEAR GULLEY PARK FOR A SIX PERCENT (6%)
COMMISSION
WHEREAS, Fayetteville City Code § 34.27(E) authorizes the use of a realtor to assist the City
in selling the two houses owned by the City near Gulley Park; and
WHEREAS, Real Assets, Inc. submitted the only qualified proposal in response to RFP 15-06.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby authorizes a
contract with Real Assets, Inc. to represent the City in selling the two houses near Gulley Park
for a six percent (6%) commission.
Section 2: That the City Council of the City of Fayetteville, Arkansas hereby sets the listing price
for 2634 Old Wire Road at $111,500.00 and for 2648 Old Wire Road at $218,500.00 based on
their appraised values.
PASSED and APPROVED on 9/15/2015
Page 1 Printed on 9/18115
File Number: 2015-0408
Page 2
165-15
Attest:
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Sondra E. Smith, City Clerk Treasurer
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FAYETTEVILLE.
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Page 2 Printed on 9148/95
City of Fayetteville, Arkansas 113 West Mountain Street
Fayetteville, Aft 72701
y =t (479) 575-8323
Y Text File
File Number: 2015-0408
Agenda Date: 9/15/2015 Version: 1 Status: Passed
In Control: City Council Meeting File Type: Resolution
Agenda Number: A. 10
REAL ASSETS, INC.:
A RESOLUTION TO AUTHORIZE A CONTRACT WITH REAL ASSETS, INC. TO REPRESENT
THE CITY IN SELLING APPROXIMATELY 1.25 ACRES OF CITY -OWNED REAL PROPERTY
ON OLD WIRE ROAD NEAR GULLEY PARK FOR A SIX PERCENT (6%) COMMISSION
WHEREAS, Fayetteville City Code § 34.27(E) authorizes the use of a realtor to assist the City in
selling the two houses owned by the City near -Gulley Park; and
WHEREAS, Real Assets, Inc. submitted the only qualified proposal in response to RFP 15-06.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby authorizes a contract with
Real Assets, Inc. to represent the City in selling the two houses near Gulley Park for a six percent (6%)
commission.
Section 2: That the City Council of the City of Fayetteville, Arkansas hereby sets the listing price for
263401d Wire Road at $111,500.00 and for 264801d Wire Road at $218,500.00 based on their
appraised values.
City of Fayetteville, Arkansas Page f Printed on 8/9812015
Connie Edmonston
Submitted By
City of Fayetteville Staff Review Form
osm
Legistar File Ili
9/15/2115
City Council Meeting Date - Agenda Item Only
N/A for Non -Agenda Item
8/28/2015 Parks & Recreation /
_ Parks & Recreation Department
Submitted Date Division / Department
Action Recommendation:
Approval of a contract with Real Assets, Inc. to sell two single family lots with existing houses situated on 1.2± acres
in Gulley Park according to City Ordinance §34.27 —Sale of Municipally Owned Real Property and keep the current
zoning of RSF-4.
Budget Impact:
Account Number
Project Number
Budgeted Item? NA Current Budget
Funds Obligated
Current Balance
Fund
Project Title
$
Does item have a cost? NA Item Cost
Budget Adjustment Attached? NA Budget Adjustment
Remaining Budget $
V20140710
Previous Ordinance or Resolution # 157-14
Original Contract Number:
Comments:
Approval Date: