The City of Coppell
File #: 2017-3580    Version: 1 Name: Wilson Family Trust
Type: Agenda Item Status: Passed
File created: 9/18/2017 In control: City Council
On agenda: 9/26/2017 Final action: 9/26/2017
Title: Consider and authorize City Manager to negotiate and execute a Purchase and Sale Agreement, and any necessary agreements and instruments related thereto, for the purchase of Lot 1R, Block A of the Wilson-Kirkland-Minyard Addition, approximately .72 acres of land; and authorize the Mayor to execute any acknowledgements.
Attachments: 1. Wilson Family Trust - Memorandum.pdf, 2. Wilson Family Trust - Purchase and Sale Agreement .pdf, 3. Wilson Family Trust - Special Warranty Deed .pdf, 4. Wilson Family Trust - Deed Restriction.pdf

Title

Consider and authorize City Manager to negotiate and execute a Purchase and Sale Agreement, and any necessary agreements and instruments related thereto, for the purchase of Lot 1R, Block A of the Wilson-Kirkland-Minyard Addition, approximately .72 acres of land; and authorize the Mayor to execute any acknowledgements.

 

Summary

The City has been leasing land owned by the Wilson family to house the Kirkland House and the replica Minyard Store.  Both buildings serve as museums that are maintained by the City but operated by the Coppell Historical Society.  The Lease Agreement approved by City Council in 2014 stated the City would purchase all the land and structures owned by the Wilson family when the Wilson family was ready to divest of the property. 

 

Fiscal Impact:

The purchase price is $390,000 and will be provided by the General Fund - Undesignated Fund Balance.

 

Staff Recommendation:

Staff recommends approval.

 

Goal Icon:

 

Community Wellness and Enrichment

 

Sense of Community

 

Special Place to Live