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RESOLUTION 2008-82R A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, AUTHORIZING THE PURCHASE OF A PARCEL OF LAND FOR RIGHT-OF-WAY TOTALING 18.4 ACRES, MORE OR LESS, AND OBTAINING AN EASEMENT OVER 0.42 ACRES OF LAND, MORE OR LESS, IN CONNECTION WITH THE WONDER WORLD DRIVE EXTENSION PROJECT; AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS IN CONNECTION WITH THE PURCHASE; AND DECLARING AN EFFECTIVE DATE. RECITALS: 1. The City of San Marcos, in partnership with the Texas Department of Transportation, is in the process of extending Wonder World Drive from Hunter Road to RR 12 (the "Project"). This Project is undertaken to provide an alternate route around the City thereby relieving City streets and residents from some of the commercial traffic that is currently passing through the City. 2. As part of the Project the City has reached an agreement with Craddock Partners, LLC to purchase 18.4 acres of land for ROW and to obtain an easement over 0.42 acres of land, for use associated with the Wonder World Drive Extension Project. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: PART 1. The following purchase of right-of-way in connection with the Wonder World Drive Extension Project is hereby approved: A. Parcel Number 6, in fee simple, consisting of 18.42 acres, more or less, as depicted on the attached property description for Parcel 6; less; B. Parcel Number 6E, consisting of an easement over 0.42 acres, more or The parcels purchased from Craddock Partners, LLC, for the total price of $ 370,660.00, plus closing costs not to exceed 10% of the purchase price. Part 2. The City Manager, Rick Menchaca, is authorized to execute all necessary documents in connection with the right-of-way purchase described above on behalf of the City. Part 3. This Resolution is in full force and effect from and after its passage.