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205. RESOLUTION NO. 2000- 236 R A RESOLCTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, APPROVING THE TERMS AND CONDITIONS OF A PROPERTY EXCHANGE AGREEMENT BETWEEN THE CITY AND SOUTHWEST TEXAS STATE UNIVERSITY PERTAINING TO THE CITY'S SESSOM DRIVEIUNIVERSITY DRIVE INTERSECTION IMPROVEMENTS PROJECT; AUTHORIZING THE CITY MANAGER TO EXECUTE THE AGREEMENT ON BEHALF OF THE CITY AND DECLARING AN EFFECTIVE DATE. RECITALS: 1. The City owns the tract of real property (the "City Tract") described in the Exhibit A to the Agreement attached to this resolution. Southwest Texas State University ("SWT") wishes to acquire the City Tract to provide for the construction of a new ArtITechnologylPhysics facility (the "ATP Facility") on a portion of the City Tract and on adjacent property ofSWT. 2. SWT owns the parcels of real property in San Marcos, Hays County, Texas, depicted in Exhibit B to the Agreement attached to this resolution. The City wishes, subject to certain contingencies, to acquire portions (the "SWT Tracts") of these parcels of property to provide for the construction of improvements to the intersection of Sessom Drive with University Drive (the "Intersection Improvements"). 3. The City and SWT desire to exchange the City Tract for the SWT Tracts on the terms and conditions contained in this Agreement. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: P ART 1. The attached Property Exchange Agreement between the City of San Marcos and Southwest Texas State University is approved. PART 2. The City Manager, Larry D. Gilley, is authorized to execute the agreement on behalf of the City. PART 3. This Resolution is in full force and effect immediately from and after its adoption. ADOPTED on December 11, 2000of) ~ /~~~ Mayor . Cfi~t/~ City Clerk