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RESOLUTION NO. 2004 - 97 R <br /> <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br /> SAN MARCOS, TEXAS APPROVING A LETTER AGREEMENT <br /> WITH THE UNION PACIFIC RAILROAD COMPANY FOR THE <br /> ACQUISITION OF RIGHT-OF-WAY FOR THE POST ROAD <br /> PAVING AND DRAINAGE IMPROVEMENTS PROJECT; AND <br /> DECLARING AN EFFECTIVE DATE. <br /> <br /> RECITALS: <br /> <br /> 1. The acquisition ora 1.467 acre tract o£property described in the attached letter agreement <br />is necessary for the Post Road Paving and Drainage Improvements Project. <br /> <br /> 2. The City staffhas negotiated the terms o£the attached letter agreement (the "Agreement") <br />for the acquisition of the property from the current owner, the Union Pacific Railroad Company, for <br />$95,853.78. <br /> <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: <br /> <br /> PART 1. The terms and conditions of the Agreement are approved. <br /> <br /> PART 2. The City Manager, Dan O'Leary, is authorized to execute the Agreement and <br />other documents related to the City's acquisition of this property. <br /> <br /> PART 3. This Resolution shall be in full force and effect from and a~ter its passage. <br /> <br />ADOPTED on June 14, 2004. <br /> <br />Attes. t:t <br /> <br />City Clerk <br /> <br />Susan Narvaiz <br />Mayor <br /> <br />237 ,. <br /> <br /> <br />