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<br />ORDINANCE NO. 1977 - 49
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<br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN
<br />MARCOS, TEXAS, APPROVING THE PRICE AND CONDITIONS OF
<br />THE SALE BY THE CITY OF SAN MARCOS, TEXAS, OF PART OF
<br />PARCEL NO. 10-11, DESCRIBED FURTHER ON EXHIBIT flAfI ATTACHED
<br />HERETO, LOCATED WITHIN THE TEX. A-6, NEIGHBORHOOD
<br />DEVELOPMENT PROGRAM AREA, TO P. KENNETH PITZER, TRUSTEE;
<br />AND AUTHORIZING THE MAYOR TO EXECUTE A WARRANTY DEED TO
<br />P. KENNETH PITZER; AND DECLARING AN EMERGENCY.
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<br />WHEREAS, the City of San Marcos, Texas, advertised for bids for the sale
<br />of that certain real property known as part of Parcel 10-1, and described,
<br />more fully as 1. 280 acres in the Katy Addition on Exhibit "AfI attached
<br />hereto, located within the Tex. A-6, Neighborhood Development Program
<br />area, in the San Marcos Record, a local newspaper with a general circu-
<br />lation within the County of Hays, State of Texas; and
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<br />WHEREAS, pursuant to said advertisement a bid was submitted by P. Kennethl
<br />Pitzer for said part of Parcel No. 10-1; and
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<br />WHEREAS, the said bid met the minimum disposition price set upon said
<br />property by the Board of Commissioners of the Urban Renewal Agency of
<br />the City of San Marcos, Texas; and
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<br />WHEREAS, the said Board accepted the bid as the highest and best respon-
<br />sible bid for said property by a motion duly passed on November 8, 1977,
<br />after the bid opening of November 8, 1977; and
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<br />WHEREAS, said motion also approved the terms and conditions for the sale
<br />of the said property and recommended the approval of said purchase price
<br />and the approval of the terms and conditions for the sale, as contained
<br />in the bid documents, by the City Council of the City of San Marcos,
<br />Texas; and
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<br />WHEREAS, the aforementioned bid and proposed use set forth in said bid
<br />and the sales terms and conditions pertinent thereto conform to -the
<br />Redevelopment Plan for the development of the City as a whole; now,
<br />therefore,
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<br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS:
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<br />Section 1. That the terms and conditions of the sale by the City of
<br />San Marcos, Texas, of part of Parcel No. 10-1 within the Tex. A-6,
<br />Neighborhood Development Program area, and more fully described as
<br />1. 280 acres in the Katy Addition on Exhibit "AfI attached hereto to
<br />P. Kenneth Pitzer, Trustee, are hereby approved.
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<br />Section 2. That the consideration for the sale for said property being
<br />$61,332.48 for 55,756.80 square feet is hereby approved.
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<br />Section 3. That the sale by the City of San Marcos is made subject to
<br />restrictions of the Redevelopment Plan for the Tex. A-6, Neighborhood
<br />Development Program, as approved and amended, said plan is on file and
<br />is, available for inspection in the Office of the Director of Community
<br />Development of the City of San Marcos.
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<br />Section 4. That the conditions of the disposition documents, including
<br />the Deed and Contract for Sale for Private Redevelopment, are on file
<br />and are available for inspection in the Office of the Director of
<br />Community Development of the City of San Marcos.
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<br />Section 5. That the purchaser is hereby placed on notice that the
<br />subject property is subject to assessment under the provisions of
<br />Article 1105b of the Revised Civil Statutes of the State of Texas.
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<br />Section 6. That the Mayor of the City cjf San Marcos is hereby c_uthorize'
<br />to execute a warranty deed to P. Kenneth Pitzer, Trustee, from the City
<br />of San Marcos, for all that real property known as part of Parcel No. 101
<br />located within the Tex. A-6, Neighborhood Development Program, and
<br />described more fully as 1. 280 acres in the Katy Addition on Exhibit "AfI
<br />attached hereto.
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