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RESOLUTION NO. A RESOLUTION OF THE BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS AUTHORIZING THE SALE OF PROPERTY LOCATED AT 1045 N. MAIN STREET TO ADJACENT PROPERTY OWNERS MATTHEW AND GLENN MATTISON; AUTHORIZING THE INTERIM CITY MANAGER TO EXECUTE ANY AND ALL DOCUMENTS NECESSARY TO EFFECTUATE THE SALE; MAKING OTHER FINDINGS AND PROVISIONS AND DECLARING AN EFFECTIVE DATE. WHEREAS, the City of Paris owns a narrow and undeveloped 0.14 acre parcel of land located at 1045 N. Main Street, City of Paris Block 94, Lot 14 (the Parcel), which Parcel is directly adjacent to and abutting property located at 1037 N. Main owned by Matthew and Glenn Mattison (Buyers), and upon which Buyers operate an existing business; and WHEREAS, Buyers have approached the City about purchasing the Parcel for use in an expansion of their existing business; and WHEREAS, Texas Local Government Code Sec. 272.001 (b)(1) and (c) provides an exception to notice and bidding requirements applicable to the sale of property by municipal governments for sales to adjacent property owners when the land in question is not adequate for development in its current state due to its shape or small size (see Exhibit A attached hereto; and WHEREAS, said Parcel has been vacant for many years and the City has no plans to use the Parcel for any purpose; and WHEREAS, the Parcel has been appraised by and independent appraiser to have a market value of $26,000.00, which appraisal has determined that the highest and best use of the Parcel is as a commercial property (see Exhibit B hereto); and WHEREAS, according to the statute, the appraised value land is conclusive of the fair market value of the property; and WHEREAS, Buyers have agreed to a purchase price of $26,000.00, the appraised value of the Parcel; and WHEREAS, sale of the Parcel will put it back on the property tax rolls and relieve the City of its duty to maintain it; and WHEREAS, the City Council of the City of Paris believes that it is in the best interest of the City and its citizens to convey the property located at 1045 N. Main Street to Buyers at the agreed upon price and to authorize the City Manager to execute all documents necessary to effectuate the sale;