Ord 1999-095 - Laserfiche WebLink

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~ ~ ~ 0_' ~ t.:) ....... UJ.s ::!~ LL~ :( 9. ~~ ~:; i..U:! a::: , = td~ 0:;,)_ ~Q _b c..;:lC3 ORDINANCE NO. 1999-95 AN ORDINANCE OF THE CITY OF SAN MARCOS AUTHORIZING AND APPROVING AN EXCHANGE OF LAND PURSUANT TO PUBLIC BIDS; MAKING FACT FINDINGS; AND PROVIDING FOR OTHER MATTERS. Whereas, the City of San Marcos (the "City") advertised bids for the exchange of Lot A, Municipal Airport Subdivision, San Marcos, Hays County, Texas ("Lot A"), for open space land within the City that meets certain requirements of the City; Whereas, the City received a good and sufficient offer to exchange tracts totaling 20.95 acres, or more, meeting the bid requirements and having a value equal or greater than Lot A; Whereas, by Resolution, dated January 25, 1999, the City Council of the City accepted the bid of Cal-Tex Holdings, Inc. ("Cal-Tex") to exchange the 20.95 acre tract of land for Lot A; Whereas, the City and Cal- Tex have delayed closing the land exchange until the City resolves other public access, transportation, traffic flow and planning issues in areas neighboring Lot A; Whereas, it is in the public interest and necessary to the planning and layout of the City, for the City to dedicate a public right-of-way ("ROW") to connect IH-35 with Leah Avenue; Whereas, to obtain ROW required for the proper alignment of a future road connecting IH-35 and Leah Avenue, the City platted Lot A and took a seventy foot (70') ROW from Lot A; Whereas, the transportation system, tax base and public welfare of the City will benefit from the exchange of land pursuant to the public bids advertised by the City; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, THAT: Section 1. Findings of Fact. The findings and recitations set out hereinabove are found to be true and correct and are hereby adopted by the City Council and made a part hereof for all purposes as findings of fact. Section 2. Exchange of Land for Open Space Land. The City Council hereby authorizes and directs the exchange of land between the City and Cal- Tex pursuant to the public bids, the execution and delivery of a Special Warranty Deed by the City conveying Lot A to Cal-Tex in consideration of Cal-Tex executing and delivering to the City a Special Warranty Deed to the 20.95 acre tract, and further hereby approves, ratifies and confirms the Resolution, dated January 25, 1999, whereby the City Council accepted the bid of Cal-Tex Holdings, Inc. Section 3. Closing and Recording. The City Council hereby authorizes and directs the City Manager of the City to execute and deliver the above referenced Special Warranty Deed and instruments authorized to be executed and delivered by the City, in exchange for the properly