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<br />Agenda Date Requested: Jul <br /> <br /> <br />FOR CITY COUNCIL AGENDA ITEM <br /> <br />Appropriation <br /> <br />Requested By: <br /> <br />Source of Funds: <br /> <br />Department: Administration <br /> <br />Account Number: <br /> <br />Report: <br /> <br />Resolution: X Ordinance: <br /> <br />Amount Budgeted: <br /> <br />Exhibits: Resolution 2007- <br /> <br />Amount Requested: <br /> <br />Exhibits: Exhibit A - Legal Description of Leased Premises <br /> <br />Budgeted Item: <br /> <br />V)j'S NO <br /> <br />Exhibits: Exbibit "- 1 Lealie "-rea <br /> <br />Exhibits: Letter dated June 13, 2007 <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />Previously, Council directed staff to explore the potential for sale of the City's 5.98 Acre Tract <br />ofland in the City of Morgan's Point, which is currently leased to James J. Flanagan Shipping <br />Corporation for a term which will expire on December 31, 2011. <br /> <br />Flanagan Shipping has been notified of the potential sale and if Council approves this resolution <br />they will be advised that the City will not entertain an extension of the current lease and will <br />prepare to receive bids subject to the lease. At such time, Flanagan Shipping can submit a bid <br />for consideration. <br /> <br />Action Required bv Council: <br /> <br />Approve Resolution authorizing the City Attorney to obtain an appraisal of the City's 5.98 Acre <br />Tract of land, prepare for receiving bids for the sale of said real property by the City of La Porte, <br />subject to the existing lease on said property, finding compliance with the open meetings law and <br />providing and effective date hereof. <br /> <br /> <br />7/}7(O'? <br />I Date <br />