ORDINANCE NO. 266
AN ORDINANCE if266
APPROVING THE PRICE AND CONDITIONS OF THE SALE BY THE
URBAN RENEWAL AGENCY OF THE CITY OF SCHERTZ OF PROPOSED
PARCEL 51-5, LOCATED WITHIN THE BUFFALO VALLEY NORTH
URBAN RENEWAL PROJECT, TEX. R-112, TO RAYMOND J. AND
ELVIRA A. HILD FOR THE SUM OF $3,651.00, FOR 25,859.16
SQUARE FEET.
WHEREAS, the Urban Renewal Agency of the City of Schertz advertised for
bids for the sale of certain property available for disposition within its
Buffalo Valley North Project Tex. R-112, in the Valley News and the Weekly
Herald, all newspapers with a general circulation within the City of Schertz,
Guadalupe County, Texas; and
WHEREAS, pursuant to said advertisements, there was a bid submitted by
Raymond J. and Elvira A. Hild for a parcel of property described as Urban
Renewal Disposition Parcel 51-5, within said Project; and
WHEREAS, said bid of $3,651.00 for 25,859.16 square feet was within the
minimum disposition price set upon said parcel by the Agency; and
WHEREAS, said bid was accepted by the Board of Commissioners of the
Urban Renewal Agency after the bid opening of April 25, 1972, by a Resolution
duly passed on May 8, 1972, and whereas said Resolution authorized sale to
the said Reymond J. and Elvira A. Hild and recommended the acceptance and
approval of the terms and conditions of the sale to the City Council; and
WHEREAS, the aforementioned bid and proposed use set forth in said bid
and its terms and conditions conform to the Redevelopment Plan for Buffalo
Valley North Project Tex. R-112, and conform to the plan for the development
of the City as a whole;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SCHERTZ:
1. The price and conditions of the sale by the Urban Renewal Agency of
the City of Schertz of proposed Parcel 51-5, within its Buffalo Valley North
Project Tex. R-112, to Raymond J. and Elvira A. Hild are hereby approved in
accordance with Section 11 of Article 1269L- 3, Vernon IS Annotated Civil Statutes
of Texas.
2. The property to be sold as authorized in Paragraph 1. above is more
particularly described by field notes attached hereto and marked as Exhibit
"A" of this Ordinance.
3. The consideration for said sale being $3,651.00 for 25,859.16 square
feet, is also hereby approved.
4. The sale by the Urba.."l Renewal Agency is made subject to the restrictions
of the Redevelopment Plan for Buffalo Valley North Project, Tex. R-112 as approved
and amended a..'1d is on file in the Office of the Executive Director.
5. The conditions of the disposition documents, including the Deed and
Contract for Sale of Land for Private Redevelopment, a copy of which is on
file in the Office of the Executive Director, together with this Ordinance
are hereby approved.
6. The City Secretary is hereby directed to furnish copies of this
Ordinance to the Executive Director of the Urban Renewal Agency.
PASSED AND APPROVED this 20th day of
July
, 1972.
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Mayor
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City Secretary
APPROVED AS TO FDRM,~
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City Attorney
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EXHIBIT A
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DESQUPTION OF LAND TO III ~ AND IMPRO~TS TO BE ERECTED THERIOClN
FIELD NOTES FOR A TRACT OF LAND OUT OF THE G. MALPAZ
SURVEY NO. 67, AS RECORDED IN VoLUME 31, PAGE 383 OF
THE DEED RECOlIDS OF GUADALUPE COUNTY, TEXAS.
BlnINNING at an iron pin set on the new North line of Main Street, said point also
being the present southwest corner of the Raymond J. Hild Tract, as recorded in
Volume 214, Page 380, of the Deed Records of Guadalupe County, Texas;
. .
THENCE: along the new North line of Main Street, S 600 00' W, a distance of 91.83
ft. to an iron pin set at the point of curvature of a curve to the right;
THENCE: along said curve, whose radius is 15.00 ft., a distanCe of 23,54 ft. to
an iron pin set at the point of tangency along the new EaSt line of William Street;
THENCE: with the new East line of William Street, N 300 06' W, a distance of
210.30 ft. to an iron pin set at the point of curvature of a curve to the right;
THENCE: along said curve, whose radius is 15.00 ft., a distance of 23.41 ft. to
an iron pin set at the point of tangency along the south line of Exchange Avenue;
THENCE: with the south line of Exchange Avenue, N 590 19' E, a distance of 93.95
ft. to an iron pin set on the northwest corner of the above mentioned Raymond J.
Hild Tract, for the northeast corner of this tract;
THENCE: with the West line of the above mentioned Raymond J. BUd Tract, S 290
38' E, a distance of 241.43 ft. to the point of beginning and cont!>;n;ng 25,859.16
sq. ft. of land.
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