2004-006-RES SURPLUS APPROVING SALE AND TRANSFER OF PROPERTY LOTS 21,22,AND PART OF LOT 23 BLOCK 1 GIBBONS PARK ADDITION

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municipality may be sold if the land is sold to a nonprofit organization that develops housing for low-income individuals and families as a primary activity to promote community-based revitalization of the municipality; and, WHEREAS, Paris Living, a Community Development Corporation, is a 501(c)(3) non- profit corporation that meets all of the criteria of said Section 253.010 and has requested that the City transfer ownership of that certain property owned by the City of Paris and described as Lots 21, 22, and part of Lot 23, Block 1, Gibbons Park Addition, being numbers 845 and 855 Polk Street, for the purpose of building affordable single-family homes; and, WHEREAS, it is to the benefit of the citizens of Paris that this property be transferred to Paris Living for such purpose, thus providing affordable housing for low-income individuals and placing these properties back on the tax rolls; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS: Section 1. That the findings set out in the preamble to this resolution are hereby in all things approved. Section 2. That the property described as Lots 21, 22, and part of Lot 23, Block 1, Gibbons Park Addition, being numbers 845 and 855 Polk Street, be, and the same is hereby, declared to be surplus property, save and except for a five foot (5') wide street right-of-way and drainage and utility easement, running along and parallel to Polk Street, which is hereby reserved unto the City. Section 3. That the Mayor or City Manager be, and they are hereby, authorized and directed to execute, on behalf of the City of Paris, and any and all instruments necessary, in such form as the City Attorney shall determine, to convey the property described as Lots 21,22, and part of Lot 23, Block 1, Gibbons Park Addition, being numbers 845 and 855 Polk Street, save and except for the aforesaid five foot (5') wide street right-of-way and drainage and utility easement, to Paris Living, a Community Development Corporation, for and in consideration of the sum of $10.00 and other consideration as stated herein. Section 4. That this resolution shall be effective from and after its date of passage. PASSED AND APPROVED this 12th day of January, 2004.