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M7 -- ORDINANCE NO. 1981-79
<br />0 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY
<br />OF SAN MARCOS, TEXAS, APPROVING THE PRICE AND
<br />CD CONDITIONS OF THE SALE BY THE CITY OF SAN
<br />- r-
<br />F-
<br />ca ?? MARCOS, TEXAS, OF 1.20 ACRES OF LAND OUT OF
<br />LOTS 2, 3 AND 8 IN:'BLOCK 2 OF THE KATY ADDITION
<br />TO THE CITY OF SAN MARCOS TO REED AND COMPANY;
<br />AUTHORIZING THE MAYOR TO EXECUTE A WARRANTY
<br />- > DEED TO REED AND COMPANY; AND DECLARING AN EMER-
<br />J , ? ? GENCY .
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<br />WHEREAS, the City of San Marcos, Texas, advertised for bids
<br />for the sale of 1.20 acres of land out of Lots 2, 3 and 8 in
<br />Block 2 of the Katy Addition to the City of San Marcos, in Hays
<br />County, Texas, also known as a part of Urban Renewal Parcel No.
<br />10-1, in the San Marcos Record, a local newspaper with a general
<br />circulation in the County of Hays, State of Texas, on January
<br />11, 1981 and January 18, 1981; and,
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<br />WHEREAS, pursuant to said advertisement a bid was submitted
<br />by Reed and Company for said described property in the amount
<br />of Thirty Two Thousand, Four Hundred Forty Nine Dollars ($32,449.00);
<br />and,
<br />WHEREAS, said bid met the minimum disposition price set for
<br />said property by the Urban Renewal Board of Commissioners of the
<br />City of San Marcos, Texas on December 1, 1975; and
<br />WHEREAS, said Board accepted the bid as the highest and best
<br />responsible bid for said property on September 15, 1981; and,
<br />WHEREAS, said Board recommends the approval of said purchase
<br />price and the approval of the terms and conditions for said sale,
<br />as contained in the bid document; now, therefore,
<br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS,
<br />TEXAS :
<br />SECTION 1. That the terms and conditions of the sale by the
<br />City of San Marcos, Texas, of 1.20 acres of land out of Lots 2,
<br />3 and 8 in Block 2 of the Katy Addition to the City of San Marcos,
<br />more particularly described as follows:
<br />BEING A PORTION OF LOTS 2, 3 AND 8, BLOCK 2, A POR-
<br />TION OF THAT 30 FOOT PRIVATE WAY, AND A PORTION OF
<br />THAT TRACT DESIGNATED AS PURGATORY, ALL AS SHOWN
<br />BY THE PLAT OF THE KATY ADDITION TO THE CITY OF SAN
<br />MARCOS, A SUBDIVISION OF RECORD IN VOLUME 34, PAGE
<br />117, HAYS COUNTY DEED RECORDS, AS CONVEYED TO THE
<br />CITY OF SAN MARCOS BY THE URBAN RENEWAL AGENCY OF
<br />THE CITY OF SAN MARCOS BY DEED DATED OCTOBER 28,
<br />1976, AND RECORDED IN VOLUME 290, PAGE 94, HAYS
<br />COUNTY DEED RECORDS, AND BEING MORE PARTICULARLY
<br />DESCRIBED BY METES AND BOUNDS AS FOLLOWS, TO-WIT:
<br />BEGINNING at an iron stake,' found on the West line
<br />of McGehee Street, for the most Easterly Southeast
<br />corner of the tract herein described, and from
<br />which an iron stake at the intersection of the West
<br />line of the said McGehee Street with the North line
<br />of Cheatham Street, bears, S 09° 37' E, 300.00 feet;
<br />THENCE, leaving the said McGehee Street, S 80° 42'
<br />W, 160.00 feet to an iron stake found for a re-entrant
<br />corner of the tract herein described;
<br />THENCE, S 09° 37' E, at 80.00 feet passing an iron
<br />stake found at the Northwest corner of that 0.018
<br />acre tract of land described as Tract 2, conveyed to
<br />Johnny Finch and James Donnelley by the City of San
<br />Marcos, by deed dated November 14, 1979, and recorded
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