Laserfiche WebLink
<br /> 79 <br /> RESOLUTION 1994 - 180 R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br /> OF SAN MARCOS, TEXAS APPROVING THE TERMS AND <br /> CONDITIONS OF A RELEASE AND QUITCLAIM FROM THE <br /> CITY TO VICTORIA BANK & TRUST COMPANY <br /> REGARDING THE WATER FACILITIES AND ROADWAY <br /> IMPROVEMENTS AGREEMENT FOR THE ESTATES OF SAN <br /> MARCOS SUBDIVISION; AUTHORIZING THE CITY <br /> MANAGER TO EXECUTE THE RELEASE ON BEHALF OF <br /> THE CITY; AND DECLARING AN EFFECTIVE DATE. <br /> RECITALS <br /> 1. In December, 1989, the Estates of San Marcos subdivision <br /> plat was recorded, along with an agreement between the City and <br /> the property owners regarding future improvements to the water <br /> system in the subdivision and realignment of the Mountain High <br /> Drive/McCarty Lane intersection. <br /> 2. First National Bank of San Marcos held a prior lien on a <br /> 1.13 acre lot in the subdivision, and in 1993, the lien was <br /> foreclosed by First National's successor, Victoria Bank & Trust <br /> Company; this foreclosure effectively released the 1. 13 -acre lot <br /> from the water system/roadway agreement; Victori~ Bank & Trust has <br /> requested the execution of the attached release to confirm this. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> PART 1. That the terms and conditions of the Release and <br /> Quitclaim attached to this Resolution from the City to Victoria <br /> Bank & Trust Company regarding the Water Facilities and Roadway <br /> Improvements Agreement for the Estates of San Marcos Subdivision <br /> are approved. <br /> PART 2. That the City Manager, Larry D. Gilley, is <br /> authorized to execute this release on behalf of the City. <br /> PART 3. That this Resolution is in full force and effect <br /> immediately upon its passage. <br /> ADOPTED this the 6th day of December , 1994. <br /> ~~i~ <br /> Mayor <br /> Attest: <br /> 7æ~~~LJ <br /> nis K. Womack <br /> City Secretary <br />