Laserfiche WebLink
<br />I <br /> <br />RESOLUTION 2006 - 196 R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS APPROVING THE GRANT <br />CONTRACT WITH THE MEADOWS FOUNDATION FOR THE <br />CITY'S ACQUISITION OF A THE 251 ACRE, MORE OR <br />LESS, TRACT OF PROPERTY IN THE ROGERS RIDGE <br />AREA AND THE SPRING LAKE! SINK CREEK WATERSHED; <br />AND DECLARING AN EFFECTIVE DATE. <br /> <br />RECITALS: <br /> <br />1. In November 2005 City voters approved a bond proposition to purchase 251 acres, <br />more or less, of greenspace land in the Rogers Ridge area and Spring Lake/Sink Creek <br />watershed. In January 2006 the City, Hays County and The Nature Conservancy entered <br />into an agreement whereby The Nature Conservancy would purchase the property, at a <br />purchase price of $4,689,000, and hold it for sale to the City when the City obtained the <br />funds. In July 2006 the City entered into a purchase agreement with The Nature <br />Conservancy. <br /> <br />I <br /> <br />2. The Meadows Foundation Grant Contract will provide up to $355, 670 in matching <br />funds for money received from other sources for the purchase 01 the property. This is a 1 :2 <br />ratio match. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br /> <br />PART 1. The attached Grant Contract with the Meadows Foundation for the <br />purpose acquiring and preserving the property is approved. <br /> <br />PART 2. The City Manager, Dan O'Leary, is authorized to execute the lease on <br />behalf of the City. <br /> <br />PART 3. That this Resolution shall be in lull force and effect from and after its <br />passage. <br /> <br />I <br /> <br />ADOPTED this 21st day of November 2006. <br /> <br />~' <br /> <br />Susan Narvaiz ~ <br />Mayor <br /> <br />AHn . ([~ <br />~ ..-- <br />/ \.. / <br />'~ -'G \1Jt-~ltt)/ <br />ShelleGOQd;l---- , <br />Interim City Clerk <br />