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RESOLUTION 2008-57R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS AUTHORIZING THE PURCHASE OF A PARCEL OF <br />LAND FOR RIGHT-OF-WAY TOTALING 12.8678 ACRES, MORE OR <br />LESS, IN CONNECTION WITH THE WONDER WORLD DRIVE <br />EXTENSION PROJECT; AUTHORIZING THE CITY MANAGER TO <br />EXECUTE ALL NECESSARY DOCUMENTS IN CONNECTION WITH THE <br />PURCHASE; AND DECLARING AN EFFECTIVE DATE. <br />RECITALS: <br />1. Pursuant to the Wonder World Drive Extension Pass-Through Toll Agreement <br />between the City of San Marcos, Texas and the Texas Department of Transportation, <br />the City is responsible for acquiring the right of way for the project. <br />2. On November 20, 2007, a condemnation hearing was held to determine the <br />value of a portion of land owned by Marion H. Wills that is needed for the WonderlNorld <br />Drive Extension. At the conclusion of the hearing the commissioners found that the <br />values of the land is $399,050.00. <br />3. In order to further proceed in obtaining title to the land the City needs to deposit <br />the funds into the Court's registry. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: <br />PART 1. The deposit to the registry of the Court for the purchase of right-of-Way <br />in connection with the WonderWorld Drive Extension Project is hereby approved: <br />A. Parcel Number 5, 12.8678 acres, more or less, as depicted on the <br />Commissioner's Award and property description for Parcel t, owned by Marion H. Wills <br />with the amount of deposit for the purchase of the parcel being $ 399,050.00. <br />Part 2. The Interim City Manager, Collette Jamison, is authorized to execute all <br />necessary documents in connection with the deposit of funds to the Court's registry on <br />behalf of the City. <br />