HomeMy WebLinkAbout185-15 RESOLUTION113 West Mountain Street
Fayetteville, Alt 72701
(479) 575-8323
Resolution: 185-15
File Number: 2015-0453
BRETT MICHAEL MAGUIRE AND KIMBERLY ANN MAGUIRE REAL ESTATE CONTRACT:
A RESOLUTION TO AUTHORIZE THE SALE OF APPROXIMATELY 0.50 ACRE OF CITY -OWNED
REAL PROPERTY LOCATED AT 2634 OLD WIRE ROAD TO BRETT MICHAEL MAGUIRE AND
KIMBERLY ANN MAGUIRE FOR THE AMOUNT OF $111,500.00
WHEREAS, Resolution 165-15 approved a contract with Real Assets, Inc. to represent the City in selling
two tracts of city -owned property near Gulley Park; and
WHEREAS, Brett Michael Maguire and Kimberly Ann Maguire have made an offer to purchase the tract
containing approximately 0.50 acres with a house, contingent upon their ability to obtain financing.
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 determines that the property
located at 2634 Old Wire Road is no longer needed for municipal purposes.
Section 2. That the City Council of the City of Fayetteville, Arkansas hereby authorizes Mayor Jordan to
sell approximately 0.50 acre of city -owned real property located at 2634 OId Wire Road to Brett Michael
Maguire and Kimberly Ann Maguire for the sum of $111,500.00, contingent upon their ability to obtain
financing for the purchase.
PASSED and APPROVED on 10/6/2015
Page 1 Printed on 14/7/15
Resolution 185-15
Attest:
Sondra E. Smith, City Clerk Treasurer
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Page 2 Printed on 10/7/15
City of Fayetteville, Arkansas 113 West Mountain Street
Fayetteville. AR 72701
(479) 575-8323
Text File
File Number: 2015-0453
Agenda Date: 10!612015 Version: 1 Status: Passed
in Control: City Council Meeting File Type: Resolution
Agenda Number: C. 5
BRETT MICHAEL MAGUIRE AND KIMBERLY ANN MAGUIRE REAL ESTATE
CONTRACT:
A RESOLUTION TO AUTHORIZE THE SALE OF APPROXIMATELY 0.50 ACRE OF
CITY -OWNED REAL PROPERTY LOCATED AT 2634 OLD WIRE ROAD TO BRETT MICHAEL
MAGUIRE AND KIMBERLY ANN MAGUIRE FOR THE AMOUNT OF $111,500.00
WHEREAS, Resolution 165-15 approved a contract with Real Assets, Inc. to represent the City in
selling two tracts of city -owned property near. Gulley Park; and
WHEREAS, Brett Michael Maguire and Kimberly Ann Maguire have made an offer to purchase the
tract containing approximately 0.50 acres with a house, contingent upon their ability to obtain financing.
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 determines that the
property located at 2634 Old Wire Road is no longer needed for municipal purposes.
Section 2. That the City Council of the City of Fayetteville, Arkansas hereby authorizes Mayor Jordan
to sell approximately 0.50 acre of city -owned real property located at 2634 Old Wire Road to Brett
Michael Maguire and Kimberly Ann Maguire for the sum of $111,500.00, contingent upon their ability
to obtain financing for the purchase.
City of Fayetteville, Arkansas Page 1 Printed on 10!7/2096
I? -z 9 --is
City of Fayetteville Staff Review Form
2015-0453
Legistar File 1D
10/6/2015
City Council Meeting Date - Agenda Item Only
N/A for Non -Agenda Item
Parks & Recreation
Connie Edmonston 9/28/2015 Parks & Recreation Department
Submitted By Submitted Date Division / Department
Action Recommendation:
Approval of Real Estate Contract with Brett Michael Maguire and Kimberly Ann Maguire to purchase house on 2634
Old Wire Road by Gulley Park in the amount of $111,500.00.
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 # 165-15,157-14
Approval Date:
Original Contract Number:
Comments: Request for approval of an offer to sell a city -owned house located adjacement to Gulley Park.