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RESOLUTION NO.2018-201R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING A REAL ESTATE SALES CONTRACT <br />WITH LIFE STYLE DEVELOPMENT, L.L.C. FOR THE SALE OF <br />APPROXIMATELY 29 ACRES OF CITY LAND COMMONLY KNOWN AS <br />THE "LEAH" TRACT NEAR IH -35 AND COTTONWOOD PARKWAY FOR <br />A PRICE OF $3,114,317.15; AUTHORIZING THE CITY MANAGER OR HIS <br />DESIGNEE TO EXECUTE ALL DOCUMENTS AS NECESSARY TO <br />COMPLETE THE SALE OF SAID PROPERTY ON BEHALF OF THE CITY; <br />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 attached Amended and Restated Real Estate Sales Contract with Life Style <br />Development, L.L.C. (the "Contract"), together with extensions thereof, is hereby approved. <br />PART 2. The City Manager is authorized to execute all documents as necessary to <br />complete the sale of the property that is the subject of the Contract on behalf of the City. <br />PART 3. This resolution shall be in full force and effect immediately from and after its <br />passage. <br />ADOPTED on October 16, 2018. <br />Attest: <br />t <br />Case <br />k <br />J <br />Jo homaides <br />Mayor <br />