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RESOLUTION NO. 2022-202R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS APPROVING A CONTRACT WITH 111 MLK <br /> DEVELOPMENT, LLC FOR THE CITY TO PURCHASE <br /> APPROXIMATELY 1.03 ACRES OF LAND AT 111 EAST MARTIN <br /> LUTHER KING DRIVE AT IT'S INTERSECTION WITH LBJ DRIVE AT <br /> A PRICE OF $4,500,000.00, PLUS RELATED CLOSING COSTS, FOR <br /> THE LOCATION OF A FUTURE DOWNTOWN FIRE STATION; <br /> AUTHORIZING THE CITY MANAGER, OR HER DESIGNEE, TO <br /> EXECUTE SAID CONTRACT AND ALL CLOSING DOCUMENTS <br /> RELATED TO SUCH PURCHASE ON BEHALF OF THE CITY; AND <br /> 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 Real. Estate Sales Contract (the "Contract") is hereby <br /> approved. <br /> PART 2. The City Manager, or her designee, is hereby authorized to execute the <br /> Contract and all closing documents related to the purchase of the land under the Contract on <br /> behalf of the City. <br /> PART 3. This resolution shall become effective immediately from and after its <br /> passage. <br /> ADOPTED on September 6, 2022. <br /> ne Hughson <br /> Mayor <br /> Attest: <br /> ,A^ <br /> Elizabeth Trevino <br /> City Clerk <br />