(a) The City Manager shall have and is hereby granted the authority, without further approval from the City Council, to designate any City-owned Tract as a Lot for purposes of participation in the Home Building Program and to convey said Lot as provided in this article without further approval of the City Council. The City Manager may designate a City-owned Tract for participation as a Lot in the Home Building Program regardless of whether the City-owned Tract otherwise meets the definition of "Lot" in any Contract with a Taxing Entity.
(b) Subject to the terms and conditions of this article, the City Manger and/or any other official of the City as shall be required is/are hereby authorized to negotiate and execute, without further approval of the City Council, any and all deeds, contracts and other documents, as approved by the City Attorney, necessary for the acceptance and/or designation of any Lot or Lots for participation in the Home Building Program and the conveyance of any Lot or Lots to any Home Building Entity in accordance with the Home Building Program.
(c) Contingent upon authorization by the City Council, the City may sell any Lot that, in the City's discretion, is unsuitable for participation or use in the Home Building Program or is unlikely to be used for the Home Building Program. Any such Lot will be sold in accordance with and only as authorized by the applicable provisions of Chapter 34 fo the Texas Tax Code and the proceeds from any such sale shall be distributed as provided by the applicable provisions of said chapter. Nothing in this section authorizes the City to violate any applicable provision of any Contract with a Taxing Entity.
(Ord. No. 4015, 12-10-15; Ord. No. 4150 3-8-18)