RE 05-08-90.4 RESOLUTION NO. 050890.4
A Resolution of the The City of Coppell, Texas Granting approval to the
Board of Directors of the Dallas Central Appraisal District to enter into
negotiations for the purpose of purchasing and/or Leasing office
facilities for use as District offices.
W~EREAS, the Dallas Central Appraisal District (DCAD) in the
performance of its duties is required to establish and maintain office
facilities for the use of its staff and public; and
W]{EREAS, said facilities must be sufficient to meet the needs of the
district and the public whom it serves; and
WHEREAS, Leases that provide the present facilities of the DCAD
will expire or terminate in 1990-1991; and
WHEREAS, State law requires the approval of three-fourths of the
agencies who are authorized to vote on the election of members of the
Board of Directors to approve the purchase or lease of facilities; and
WHEREAS, tt is clear that opportunities exist in the current real
estate market to negotiate favorable long-term arrangements for office
facilities; and
WHEREAS, Said opportunities may not continue for an indefinite period
of time; NOW THEREFORE,
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF COP?ELL, DALLAS COUNTY,
TEXAS:
SECTION 1.
That the Board of Directors of the Dallas Central Appraisal District
be authorized to negotiate and enter into formal agreements for the
purchase or lease of necessary facilities for the offices of the Dallas
Central Appraisal District.
SECTION 2.
That, should the Board elect to purchase a facility(les), the
maxim~m amount of purchase, including all costs shall not exceed
$5,0O0,O0O.
SECTION 3.
That, should the Board elect to lease a facility(ies), the maxim~n~
length of contract for financing shall not exceed 20 years.
SECTION 4.
That, should the Board elect to lease a facility(les), no contract
shall be entered into until the Board has caused a thorough study of the
existing market to be made, received all proposals from parties submitting
same and received recommendations from the staff and agents working on
behalf of the Board.
ADOPTED by the/City Council of the City of Coppell on this the ~ th
day of _ .~/~ , 1990.
Mark Wolfe, Mayo~
ATTEST:
Dor-~thy Timm~s, C~'ty Secretary
Approved as to form:
L,a~enc~'W. Jacks~, ,~ity Attorney