SUBJECT: Purchase and Sale Agreement with Sumer Group, LLC (Buyer) for the sale of a ±7,000.2 sq. ft. tract, being all of Lot 182, Block 10, Lincoln City Section 5, as per map or plat of said addition recorded in Volume 22, Page 39, of the Map Records of Harris County, Texas, in the H. & T. C. R. R. Survey, Section 10, in Houston, Harris County Texas. Parcel SY23-050
RECOMMENDATION: It is recommended City Council approve an ordinance authorizing a Purchase and Sale Agreement between the City of Houston and Sumer Group, LLC (Buyer) for the sale of a ±7,000.2 sq. ft. tract, being all of Lot 182, Block 10, Lincoln City Section 5, as per map or plat of said addition recorded in Volume 22, Page 39, of the Map Records of Harris County, Texas, in the H. & T. C. R. R. Survey, Section 10, in Houston, Harris County Texas, for a purchase price of $95,000.00 (Parcel SY23-050)
SPECIFIC EXPLANATION: The City of Houston acquired Parcel SY23-050 by annexation in 1977 as a water plant site. Houston Public Works – Houston Water – Wastewater Operations determined that the property was surplus to its needs. After all City departments with land needs were canvassed with no interest in the property, it was advertised for public bid sale. Two bids were received, with Sumer Group, LLC being selected as the winning bidder based on submitting the highest bid at $95,000.00. This bid exceeded the fair market value for the property established by appraisal to be $77,350.00.
The sale is in accordance with Section 2-236 of the City of Houston Code of Ordinances, which provides that any land owned by the City, other than land provided for in Sections 2-237, 2-238 and 2-239, determined not to be needed for City purposes, shall be advertised and may be sold to the highest bidder upon authorization of the City Council, based upon the appraised fair market value of such land.
The City will sell to Sumer Group, LLC:
Parcel SY23-050
±7,000.2 square foot tract of land $95,000.00
TOTAL SALE $95,000.00
Therefore, it is recommended City Council approve an ordinance authorizing a Purchase and Sale Agreement between the City of Houston and Sumer Group, LLC (Buyer) for the sale of a ±7,000.2 sq. ft. tract, being all of Lot 182, Block 10, Lincoln City Section 5, as per map or plat of said addition recorded in Volume 22, Page 39, of the Map Records of Harris County, Texas, in the H. & T. C. R. R. Survey, Section 10, in Houston, Harris County Texas, for a purchase price of $95,000.00. It is further recommended that City Council authorize the Mayor to execute and the City Secretary to attest the Special Warranty Deed conveying the property to Sumer Group, LLC.
FISCAL NOTE:
Revenue for this item is included in the FY2025 Adopted Budget. Therefore, no Fiscal Note is required as stated in the Financial Policies.
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Randall V. Macchi
Chief Operating Officer
Houston Public Works