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City Council Meeting Minutes November 6, 2019 <br />A motion was made by Council Member Derrick, seconded by Council <br />Member Rockeymoore, to approve Resolution 219-222R. The motion carried <br />by the following vote: <br />For: 5 - Mayor Pro Tem Prewitt, Council Member Gonzales, Council Member Derrick, Mayor <br />Hughson and Council Member Rockeymoore <br />Against: 2 - Council Member Mihalkanin and Council Member Marquez <br />26. Consider approval of Resolution 2019-223R, approving a purchase and sale agreement <br />with Pursuant Ventures Development, LLC providing for the City to purchase <br />approximately 30 acres of land in the vicinity of Centerpoint Road and IH -35 South to be <br />improved with a Multi -Use Sportsplex Facility with eight fields for an estimated price of <br />$19,875,383.51 funded by bonded indebtedness intended to be paid From Hotel <br />Occupancy Tax Collections and Lease Revenues; approving a lease of such property to <br />SM Baseball Investments, LLC upon closing on the purchase of the property; authorizing <br />the City Manager, or his designee, to execute each of the agreements; and declaring an <br />effective date. <br />MAIN MOTION: a motion was made by Council Member Derrick, seconded <br />by Council Member Rockeymoore, to approve Resolution 2019-223R. <br />Steve Parker, Assistant City Manager provided a brief presentation regarding <br />the purchase of approximately 30 acres of land in the vicinity of Centerpoint <br />Road and IH -35 South to be improved with a Multi -Use Sportsplex Facility <br />with eight fields for an estimated price of $19,875,383.51 funded by bonded <br />indebtedness intended to be paid From Hotel Occupancy Tax Collections and <br />Lease Revenues. <br />Council held discussion and had concerns with naming rights of the facility <br />and concerns regarding early termination of the lease. <br />MOTION TO ENTER EXECUTIVE SESSION: a motion was made by Mayor <br />Pro Tem Prewitt, seconded by Council Member Mihalkanin, to enter in <br />Executive Session at 10:18 p.m. for Legal Advice and questions pertaining to <br />Economic Incentives on Project World Series. The motion carried by the <br />following vote: <br />For: 7 - Mayor Pro Tem Prewitt, Council Member Gonzales, Council Member Derrick, Mayor <br />Hughson, Council Member Mihalkanin, Council Member Marquez and Council <br />Member Rockeymoore <br />Against: 0 <br />Council returned from Executive Session at 10:50 p.m. <br />MOTION TO AMEND: a motion was made by Mayor Hughson, seconded by <br />City of San Marcos Page 11 <br />