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RESOLUTION NO. 2017-153R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING A REAL ESTATE SALES CONTRACT <br />FOR THE PURCHASE OF APPROXIMATELY 20.61 ACRES OF LAND <br />LOCATED AT 2240 CLOVIS BARKER ROAD FROM JAMES K. WISE <br />REAL ESTATE, INC. AT A PRICE OF $2,468,872, PLUS ASSOCIATED <br />CLOSING COSTS, FOR A FUTURE PUBLIC SERVICES AND <br />COMMUNITY SERVICES MAINTENANCE FACILITY; AUTHORIZING <br />THE CITY MANAGER TO EXECUTE ALL CLOSING DOCUMENTS <br />NECESSARY TO COMPLETE SUCH PURCHASE; AND DECLARING AN <br />EFFECTIVE DATE. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The attached Real Estate Sales Contract James K. Wise Real Estate, Inc., is <br />hereby approved. <br />PART 2. The City Manager is hereby authorized to execute all closing documents <br />necessary to complete the purchase of the Property as described in the contract on behalf of the <br />City. <br />PART 3. This resolution shall become effective immediately from and after its <br />passage. <br />ADOPTED on October 2, 2017. <br />Jo homaides <br />Mayor <br />