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6 . Regular Meeting January 17, 2006 Page 6 Mr. Mihalkanin moved for adoption of the Resolution, and Mr. Guerrero seconded the motion. Mr. Diaz inquired where the sidewalks would go. I Laurie Anderson, Director of Engineering, stated the design is for sidewalks on both the west and east bound frontage roads between IH-35 and Stagecoach Road. She stated the Change Order cost is reasonable based upon construction costs on other City projects. She stated as the development of Wonder World Drive occurs, the contractor will have to establish sidewalks. She stated the Blue Ribbon Bond Committee recommended the approval of this project. Mr. Bose inquired as to the width of the sidewalks. Ms. Anderson stated the sidewalks will be 5 feet wide. The Council then voted unanimously for adoption of the Resolution. Mayor Narvaiz introduced for consideration Item 20, removed from the consent agenda, adoption of a Resolution, the caption which was read as follows: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, APPROVING AN AGREEMENT WITH THE NATURE CONSERVANCY AND HAYS COUNTY RELATED TO THE PROPERTY IN THE ROGERS RIDGE AREA AND THE SPRING LAKE/SINK CREEK WATERSHED; AND DECLARING AN EFFECTIVE DATE. Mr. Mihalkanin moved for adoption of the Resolution with amendments, and Mr. Diaz seconded the motion. Mr. O'Leary stated the Nature Conservancy I executed a purchase agreement with RYS, Ltd. for the purchase of a 250.7 acre tract of property in this area in December of 2005. He stated the agreement includes: 1) the City and Hays County will contribute the shares of earnest money called for in the purchase agreement; 2) The Nature Conservancy will close on the purchase of the property by the closing deadline under the purchase agreement; 3) upon closing, the Nature Conservancy will enter into a new purchase agreement with the City, for the same purchase price. Under this purchase agreement, the City will have two years to secure the full amount of funding needed for the purchase. The Nature Conservancy will coordinate and facilitate the fundraising effort; 4) The City would pay the Nature Conservancy a fee of $60,000.00 for its services related to the property acquisition (1/2 with Nature Conservancy purchases and 1/2 with City purchases), plus out of pocket expenses such as survey and appraisal costs, plus holding costs (interest, insurance, etc.); 5) Hays County will make a contribution of $700,000.00 (including the $62,500 in earnest money) to the City towards the purchase; and 6) upon closing the purchase from the Nature Conservancy, the City would limit its use of the property to passive recreational uses, such as hiking and bike trails, camping areas, and roadways and parking areas needed for these uses. Mr. Thomaides inquired whether this property will be dedicated parkland. Mr. Taylor stated once the City acquires the property, then the I City can dedicate it as parkland. Mayor Narvaiz thanked everyone for their hard work on this project. The Council then voted unanimously for the adoption of the Resolution.