Res 2005-092 - Laserfiche WebLink

Home Browse Search

105. RESOLUTION NO. 2005----92R A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS ACCEPTING A DONATION OF A TRACT OF PROPERTY BY GILMORE-AUSTEX PROPERTIES, LTD. FOR A CONFERENCE CENTER SITE RELATED TO THE HOTEL AND CONFERENCE CENTER PROJECT; AND DECLARING AN EFFECTIVE DATE. RECITALS: 1. John Q. Hammons, as Trustee of the Revocable Trust ofJohn Q. Hammons dated December 28, 1989, as amended and restated ("JQH") and the City are pursuing a joint project (the "Project") whereby (i) JQH would construct and operate a full service upscale hotel (the "Hotel") of at least ten (10) stories in height with a minimum of two hundred fifty (250) guest rooms and (ii) the City would construct, and lease to JQH, a first class conference center facility and related improvements (the "Conference Center") adjacent to the Hotel, which Conference Center would contain one large ballroom sufficient to lawfully accommodate one thousand (1,000) people for a banquet style event. 2. JQH and the City have identified a fifteen (15) acre tract ofland located in San Marcos, Hays County, Texas (the "Project Site") as the preferred site for the Project. 3. While JQH and the City have not reached a definitive agreement concerning the parties respective obligations relating to the Project, and neither currently has any obligation one unto the other with respect thereto, JQH and the City believe that, due to market conditions and competitive forces, it is imperative that the Project Site be acquired immediately. 4. Gilmore-Austex Properties, Ltd. ("Gilmore") has offered to (i) sell a ten (10) acre portion of the Project Site (the "Hotel Site") to JQH for $2,000,000.00 and (ii) donate a five (5) acre portion of the Project Site (the "Conference Center Site") to the City. 5. The City Council wishes to accept the donation by Gilmore ofthe Conference Center Site to the City. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: PART 1. The City Council hereby accepts the donation by GiImore-Austex Properties, Ltd. to the City of the Conference Center Site in connection with the Hotel and Conference Center Project. PART 2. The City Manager, Dan O'Leary, and the City's attorneys, Mark Taylor and Pete Broderick, are authorized to negotiate the terms of the documents under which the donation will be made, and the City Manager, Dan O'Leary, is authorized to execute such documents on behalf of the City. PART 3. This resolution is effective immediately upon adoption. ADOPTED on July 14, 2005.