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RESOLUTION NO. 2014 -134R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING THE PURCHASE OF THREE <br />EASEMENTS FOR THE PURPOSE OF RELOCATING WATER AND <br />WASTEWATER FACILITIES IN CONNECTION WITH THE STATE <br />HIGHWAY 123 AND WONDER WORLD DRIVE OVERPASS PROJECT <br />FOR A CUMULATIVE PRICE OF $419,199.00, PLUS RELATED <br />CLOSING EXPENSES, SUBJECT TO REIMBURSEMENT BY THE <br />TEXAS DEPARTMENT OF TRANSPORTATION; AUTHORIZING THE <br />CITY MANAGER TO NEGOTIATE AGREEMENTS AND TO EXECUTE <br />SAID AGREEMENTS AND ALL RELATED CLOSING DOCUMENTS <br />NECESSARY FOR THE PURCHASE OF SAID EASEMENTS ON <br />BEHALF OF THE CITY; AND DECLARING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The purchase of easements from: a) Southfork Frontiers, Ltd., at a price of <br />$195,626.00; b) Cindy Cox McCoy, at a price of $101,153.00; and c) McCoy Family Partnership <br />Two, Ltd., at a price of $122,420.00, plus related closing expenses, is hereby approved. <br />PART 2. The City Manager is hereby authorized to negotiate all agreements and to <br />execute said agreements and all related closing documents necessary for the purchase of said <br />easements on behalf of the City. <br />PART 3. The approval and authorization under this resolution is subject to duly <br />approved agreements with the Texas Department of Transportation providing for reimbursement <br />of the City's costs for such easements. <br />PART 4. This Resolution shall be in full force and effect immediately from and <br />after its passage. <br />ADOPTED on October 6, 2014. <br />v <br />iel Guerrero�- <br />Mayor <br />Attest: <br />CJamie Le Pett ijohn <br />lerk <br />