Ord 1972-039 - Laserfiche WebLink

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I I I 2. CITY The City of San Marcos agrees, pursuant to and within the procedures required by all applicable State laws, City Charter and ordinances, to provide local grants-in-aid and to cooperate otherwise in the undertakings, carrying out, and completion of said Neighborhood Development Program in accordance with the approved Urban Renewal Plan therefor, in all respects including; but not limited to, the following: (a) The City obligates itself to take all necessary steps to appropriate properly and to contribute to the Agency any monies which may accrue or come into its hands from any source which shall be proposed by the City as a cash contri~ bution to the project, if any, such monies to be deposited in the project expenditures account maintained by the Agency in connection with the Neighborhood Development Program. (b) It is understood that the City of San Marcos is obligated to the payment of 1/4 of the Net Cost incurred in connection with the undertaking, carrying out, and completion of said Neighborhood Development Program. In this connection the City proposes non-cash local grant-in-aid credit to be allowed for the following public improvements heretofore constructed within the Neighborhood Development Program, to-wit: TO PROVIDE THE FOLLOWING PROJECT IMPROVEMENTS AND FACILITIES AT THE ESTIMATED COSTS SHOWN FOR ANTICIPATED NON-CASH LOCAL GRANTS-IN-AID CREDIT: Purchase of proposed public lands in the river portion of the Neighborhood Development Program area, estimated at $200,000.00. Purchase during 1972, the following disposition parcels from Agency for public and semi~public use as set forth in the approved Urban Renewal Plan said purchase price to be based upon two independent fee appraisals and approved by Agency's Board of Commissioners and HUD: disposition parcels lA-2, 4-lA and II-lB. The City agrees to construct the following improvements upon said parcels for the estimated costs and by the dates indicated: (I) Construction of a Municipal Police and Courts Building be completed by June 30, 1973, at an estimated cost of $200,412.00, financing contingent in part upon a grant from the Texas Criminal Justice Council. Said improvements to be constructed upon disposition parcel lA-2. (2) Construction of a swimming pool and park complex to be completed by December 31, 1972, at an estimated cost of $579,876.55 to be funded in part by a grant by the Department of HUD. Said swimming pool and a portion of the park complex to be constructed upon disposition parcel II-lB. Demolition work in the Neighborhood Development Program area, estimated $18,800.00 for 100% credit. Construction of Cheatham Street Bridge at $200,000.00 - $100,000.00 eligible for Title I expenditures by the Agency, $100,000.00 to be paid for by the City utilizing funds approved in the 1966 Bond Election. The City of San Marcos agrees to donate to the Local Public Agency certain land presently owned by the City. To wit: that land identified as parcels 5R-8; 5R-9; and 17R-4 as identified in the Land Acquisition Exhibits of this Program's application.