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<br />52
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<br />ORDINANCE NO. 40a
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<br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY
<br />OF SAN MARCOS, TEXAS, APPROVING THE PRICE AND
<br />CONDITIONS OF THE SALE BY THE CITY OF SAN MARCOS,
<br />TEXAS, OF 25,450 SQUARE FEET OF LAND AREA OUT
<br />OF THE J. M.. VERAMENDI SURVEY NO. ONE (FURTHER
<br />DESCRIBED BY METES AND BOUNDS IN THE ATTACHED
<br />EXHIBIT A, ALSO KNOWN AS URBAN RENEWAL PARCEL
<br />12-2 LOCATED WITHIN THE TEX. A-6 NEIGHBORHOOD
<br />DEVELOPMENT PROGRAM AREA, TO TED COHEN;
<br />AUTHORIZING THE MAYOR TO EXECUTE A WARRANTY
<br />DEED TO TED COHEN; AND DECLARING AN EFFECTIVE
<br />DATE.
<br />
<br />WHEREAS, the City of San Marcos, Texas, advertised for bids for the
<br />sale of that certain real property known as 25,450 square feet out
<br />of the J.M. Veramendi Survey No. One, also known as Urban Renewal
<br />Parcel No. l2-2, located within the Tex~ A-6, Neighborhood
<br />Development Program area, in the San ~1arcos Record, a local newspaper
<br />with a general circulation in the County of Hays, State of Texas;
<br />and,
<br />
<br />WHEREAS, pursuant to said advertisement a bid was submitted by Ted
<br />Cohen for said property; and
<br />
<br />WHEREAS, the said bid met the minimum disposition price set upon
<br />said property by the Board of Commissioners of the Urban Renewal
<br />Agency of the Cityof San Marcos, Texas; and,
<br />
<br />WHEREAS, the said Board accepted the bid as the highest and best
<br />responsible bid for said property by a motion duly passed on
<br />August 14, 1979, after the bid opening of August 14, 1979; and,
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<br />WHEREAS, said motion also approved the terms and conditions for the
<br />sale of the said property and recommended the approval of said
<br />purchase price and the approval of the terms and conditions for the
<br />sale, as contained in the bid documents, by the City Council of
<br />the City of San Marcos, Texas; and,
<br />
<br />WHEREAS, the aforementioned bid and proposed use set forth in said
<br />bid and the sales terms and conditions pertinent thereto conform to
<br />the Redevelopment Plan for ~he development of the City as a whole;
<br />and, now, therefore,
<br />
<br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS:
<br />
<br />Section 1. That.the terms and conditions of the sale by the City
<br />of San Marcos, Texas, of 25,450 square feet out of the J.M. Veramendi
<br />Survey No. One, further described by metes and bounds in the attached
<br />Exhibit A, also known as Urban Renewal Parcel No. 12-2, to Ted Cohen,
<br />are hereby approved.
<br />
<br />Section 2. That the consideration for the sale for said property
<br />being $40,680 for 25,450 square feet is hereby approved.
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<br />Section 3. That the sale by the City of San Marcos is made subject
<br />to restrictions of the Redevelopment Plan for the Tex. A-6 Neighborhood
<br />Development Program, as approved and amended and is on file and
<br />available for inspection in the Office of the Director of Community
<br />Development of theCity of San Marcos.
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<br />Section 4. That the conditions of the disposition documents, including
<br />the Deed and Contract for Sale for Private Redevelopment, are on file
<br />and are available for inspection in the Office of the Director of
<br />Community Development of the City of San Marcos.
<br />
<br />Section 5. That the purchaser is hereby placed on notice that the
<br />subject property is subject to assessment under the provisions of
<br />Article 1105b of the Revised Civil Statutes of the State of Texas.
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