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111. RESOLUTION NO. 2002-_ 225 R A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, APPROVING EARNEST MONEY CONTRACTS WITH ALAN HOLT FOR THE PURCHASE QF TWO TRACTS OF PROPERTY IN THE PROPOSED BLANCO SHOALS DEVELOPMENT: APPROVING A DONATION .AGREEMENT FOR THE DONATION TO THE CITY OF FIVE TRACTS OF PROPERTY IN THE PROPOSED BLANCO SHOALS DEVELOPMENT; AND DECLARING AN EFFECTIVE DATE. RECITALS: I. The City Council approved planned development district zoning for the proposed Blanco Shoals development, owned by Mr. Alan Holt on June 24, 2002. 2. The development standards for the Blanco Shoals PDD call for the City to acquire. through donation, approximately 85 acres of property in the PDD for use as greenspace/parkland. and for the City to acquire tvv'o adjacent tracts of property by purchase, subject to certain contingencies. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS. TEXAS: PART I. The attached earnest money contracts with Alan Holt for the purchase of 11.36 acre and 4.6 acre tracts of property in the Blanco Shoals PDD for purchase prices of $51 0.500 and $43,500. respectively, are approved. PART 2. The attached Donation Agreement with Alan Holt for the donation to the City of tive tracts of property in the Blanco Shoals PDD. comprising approximately 84.5 acres. is approved. PART 3. The City Manager, Dan O'Leary, is authorized to execute the earnest money contracts and the donation agreement on behalf of the City of San Marcos, upon the City's receipt of a letter of retroactivity related to this transaction from the Texas Parks and Wildlife Department. PART 3. This Resolution shall be in full force and effect from and after its passage. ADOPTED on December 9, 2002. !iW- ~.l~- Robelt B. Habingreither Mayor ~2QSO hJ\;:o v\. ~EkY\V<A.cl/~ f"~ \-\~ ~O:':, Anest: / / 1///'-.../6' i~12 J '/f'.t;('/;' / ~(v:.;-1I1JA} /;,.fr, /' " L -&" 1;/ I w '1,/1 I,.' / " ", ,I I }~lI1is K. Womack City Clerk