Res 2022-175R/approving an Interlocal Agreement with Hays County providing for the County to fund $6,600,000.00 toward the City’s purchase of land east at 2701 State Highway 21,

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C. At least three days before the closing date for the purchase of the Property, provide the County with the name and contact information for the title company and closing agent processing the closing of the purchase of the Property and a copy of the final draft of the HUD -1 settlement statement to enable the County to issue a check or wire transfer funds drawn from Bond Funds in the amount of $6,600,000.00 to the title company to be applied toward the purchase price of the Property. d. Together with the HUD -1 settlement statement, provide a draft copy of the proposed deed conveying title to the Property to the City that includes a restriction running with the land providing that the Property shall be dedicated and used by the City as public parkland with the right of access by the public in accordance with the City's adopted park rules and regulations. Closing of the purchase of the Property shall not occur until the County's general counsel has approved the form of deed in writing to the City and the title company. e. Within five days after closing on the purchase of the Property, deliver to the County copies of the recorded deed conveying the Property to the City, together with all closing documents, including the HUD -1 settlement statement. IV. County's Rights and Duties. In consideration of the City restricting the Property for use as parkland and contributing the Matching Funds, the County shall: a. Within three days after receipt of the draft form of deed for the purchase of the Property, provide the written approval of the proposed form of deed to the City and the title company, or provide any proposed modifications to the City for the City's concurrence.