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File #: 20-1077    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 8/25/2020 In control: City Council
On agenda: 10/27/2020 Final action: 11/10/2020
Title: Ordinance authorizing the City of Corpus Christi to exercise an Option to Purchase the Frost Bank building and adjacent lots located at 2402 Leopard Street from Frost National Bank based on a 20 year lease purchase agreement entered into on May 30, 2000 in an amount of $0.00 and authorizing the execution of the Option to Exercise Fee payment in an amount of $1,000.00 with FY 2021 funding available from the Development Services Fund and Fire Administration General Fund. (Requires 2/3 vote)
Sponsors: Engineering Services, Development Services, Fire Department
Attachments: 1. Agenda Memo - Frost Bank Purchase, 2. Ordinance - Frost Bank Purchase, 3. Maps - Frost Bank Purchase, 4. Agreement - Frost Bank Option to Purchase, 5. Letter to Lori Dellinger_8.19.20m - Frost Bank Purchase, 6. Lease Agreement - Frost Bank Purchase, 7. 1st Amendment to the Lease Agreement - Frost Bank Purchase

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Ordinance authorizing the City of Corpus Christi to exercise an Option to Purchase the Frost Bank building and adjacent lots located at 2402 Leopard Street from Frost National Bank based on a 20 year lease purchase agreement entered into on May 30, 2000 in an amount of $0.00 and  authorizing the execution of the Option to Exercise Fee payment in an amount of $1,000.00 with FY 2021 funding available from the Development Services Fund and Fire Administration General Fund. (Requires 2/3 vote)