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<br />85,
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<br />ORDINANCE NO. 1978-20
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<br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
<br />SAN MARCOS, TEXAS, APPROVING THE PRICE AND
<br />CONDITIONS OF THE SALE BY THE CITY OF SAN MARCOS,
<br />TEXAS, OF ALL OF LOT 5 AND A PORTION OF LOT 4,
<br />BLOCK 2, IN THE KATI ADDITION FURTHER DESCRIBED
<br />BY MErES AND BOUNDS IN ATTACHED "EXHIBIT A",
<br />LOCATED WITHIN THE TEX. A-6, NEIGHBORHOOD DEVELOP-
<br />MENT PROGRAt'1 AREA TO JAMES M. HARRISON AND LEWIS
<br />E. HARRISON, JR.; AUTHORIZING THE MAYOR TO EXECUTE
<br />A WARRANTY DEED TO JAMES M. HARRISON AND LEWIS E.
<br />HARRISON, JR.; AND PROVIDING FOR AN EFFECTIVE DATE.
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<br />WHEREAS, the City of San Marcos, Texas, advertised for bids for the sale of that
<br />certain real property known as all of Lot 5 and a portion bf Lot 4, Block 2, in
<br />the Katy Addition further described by metes and bounds in attached "Exhibit A",
<br />located within the Tex. A-6, Neighborhood Development Program area, in th"
<br />San Marcos Record, a local newspaper with a general circulation in the County of
<br />Hays, State of Texas; and,
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<br />WHEREAS, pursuant to said advertisement a bid was submittea by James M. Harrison
<br />and Lewis E. Harrison, Jr. for said all of Lot 5 and a portion of Lot 4, Block 2,
<br />in the Katy Addition further described by metes and bounds' in attached "Exhibit A",:
<br />and,
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<br />WHEREAS, the said bid met the minimum disposition price set upon said property by
<br />the Board of Commissioners of the Urban Renewal Agency of the City of San Marcos,
<br />Texas; and,
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<br />WHEREAS, the said Board accepted the bid as the highest and best responsible bid
<br />for said property by a motion duly passed on December 6, 1977, after the bid
<br />opening of December 6, 1977; and,
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<br />WHEREAS, said motion also approved the terms and conditions for the sale of the
<br />said property and recommended the approval of said purchase price and the approval I
<br />of the terms and conditions for the sale, as contained in the bid documents, by
<br />the City Council of the City of San Marcos, Texas; and,
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<br />WHEREAS, the aforementioned bid and proposed use set forth in said bid and the
<br />sales terms and conditions pertinent thereto conform to the Redevelopment Plan
<br />for the development of the City as a whole; now, therefore,
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<br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY QF SAN MARCOS, TEXAS:
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<br />SECTION 1. That the terms and conditions of the sale by the City of San Marcos,
<br />Texas, of all of Lot 5 and a portion of Lot 4, Block 2, in the Katy Addition
<br />further described by metes and bounds in attached "Exhibit A", are hereby approved I
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<br />SECTION 2. That the consideration for the sale for said property being $20,160.00 I
<br />for 22,215.6 square feet is hereby approved.
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<br />SECTION 3. That the sale by the City of San Marcos is made subject to r"striction
<br />of the Redevelopment Plan for the Tex. A-6, Neighborhood Development Program, as
<br />approved and amended, said plan is on file and is available for inspection in the
<br />Office of the Director of Community Development of the City of San Marcos.
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<br />SECTION 4. That the conditions of the disposition documents, including the Deed
<br />and Contract for Sale for Private Redevelopment, are on file and are available
<br />for inspection in the Office of the Director of Community Development of the City
<br />of San Marcos.
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<br />SECTION 5. That the purchaser is hereby placed on notice that the subj ect propert
<br />is subject to assessment under the provisions of Article 1105b of the Revised
<br />Civil Statutes of the State of Texas.
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<br />SECTION 6. That the Mayor of the City of San Marcos, Texas, is hereby authorized
<br />to execute a warranty deed to James M. Harrison and Lewis E. Harrison, ~r. from
<br />the City of San Marcos, for all that real property known as all of Lot " and a
<br />portion of Lot 4, Block 2, in the Katy Addition further described by metes and
<br />bounds in attached "Exhibit A", located within the Tex. A-6, Neighborhood Develop
<br />ment Program.
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