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ORDINANCE NO. 73-U-22 " \ I I , .AN ORDINANCE # 7 S ~ U - 1- ;L. APPROVING THE PRICE .AND CONDITIONS OF THE SALE BY THE URBAN B.ENEliAL AGENCY OF THE CITY OF SCHERTZ OF PROPOSED PARCEL 53-6, LOCATED WITHIN THE BUFFALO VALLEY NORTH URB.AN RENE.WAL PROJECT, TEX. R-1l2, TO SCHERTZ STATE BANK FOR THE SUM OF $13,000.00 FOR 14,160 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-1l2, 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 Schertz State Bank for a parcel of property described as Urban Renewal Disposition Parcel 53-6, within said Project; and WHEREAS, said bid of $13,000.00 for 14,160 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 September 26, 1973, by a Resolution duly passed on October 10, 1973, and whereas said Resolution authorized sale to the said Schertz State Bank 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-1l2, 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 53-6, within its Buffalo Valley North Project Tex. R-112, to Schertz State Bank are hereby approved in accordance with Section 11 of Article 1269L-3, Vernon's Annotated Civil Statutes of Texas. 2. The property to be sold as authorized in Paragraph 1. above is more partiC1uarly described by field notes attached hereto and marked as Exhibit "A" of this Ordinance. 3. The consideration for said sale being $13,000.00 for 14,160 square feet, is also hereby approved. 4. The sale by the Urban Renewal Agency is made subject to the restric- tions of the Redevelopment Plan for Buffalo Valley North Project, Tex. R-1l2 as approved and amended and is on file in the Office of the Executive Director. 5. The conditions of the disposition documents, including the deed and Contract for Sale of Land for Private Redevelopment, a copy of which is on file in the Office of the Executive Director, together with this Ordinance, are hereby approved. 6. The City Secretary is hereby directed to furnish copies of this Ordinance to the Executive Director of the Urban Renewal Agency. PASSED AND APPROVED this :IS- day of (Jr-ti-.12---V , 1973. I~/ (! c2L/~u' Mayor ATTEST: / .4 City Secretary ~'9 TO FORM: /' :/~~lz/~'~ v~ty A1;1;orney , I .. I ~BL :)3-6 MIIrch "'L !977 FULD NO'J'l'S JPOl't A 0 _:n IICRE 'l'RAC'l' 01' 1J'.l\ID OUT OF 'Zit,t MRS. OIU\ [;. SilMLIN()Ea TRACT Awn flEIM'i PART 'ie' TliL G. JIU.PAZ 8UR;VA'Y hOe i> 7 AS RIlCOODE:D U,iOLUMiG 29;), IU\t,c"" 6~-{i'1 Of' TRS OESD lU!ICORDS OF cUUlt\t.lJPE: COUN'1'1l. Tl::XA~. aaGIDlt<<1 .t .n iron pin .Iilt at the na-.. ,?.::-tfl Rlqht-of."'e) Lne Qf *1:'1 3t:l'..,t, .aW polnt ''fling l) 600 0(" W, tiO.O ft. trO/ll tn. int;$ra_t.l.on of tLe _at Ri'llht- of-Wa)' LlM of kendo'pb A. anue with the n_ north RJqJlt-of-W.}' . ina of MIllo Str_t, fOr U.. point 01 '-~innia" of this t.:ac:t, ftIIsa;&l di.tanc. .. &00 00' \Ii, of 100.0 ft. .1Gn9' the n_ l10rth iliqht-of-l,.ay 'i_ of Main ,i;t;r..t.. . to an iron pin ..tior thtl aouth_at CO~:lG' of thia t.ract, o 'l'H1D1CE. N 30 00' w, aloQ9 th" e..t --in" of the l30hbiQ L. 8F11it:n TrllCt .. r~rded in VOl..... 403. Page )29 ot the aelt'(1 f',,"eo,ds of Guada t tl~ COi.1oty, Texa., a diaUnce of 141.6 ft. to an iroll pin aot f~~ the !'\Qzthwe!!lt: cor"", of thi. tract t '1'HJDiICJh ~l ;;00 00' .e. 1.00.0 ft. to an i H>n pi n .etfo~. th"" .'1Qrth...t CCX".:: of tJli. trllC~, a.1~ point "".1$9' at tl", _at ,i ".e of t.lle Mre. .E1 ~ a Ebert Tract .. ~oX"4ed in Vol_ 30. P~. 98 of tb.. C1e.'-ld roa-co!d. of Guada upo County, ~xa., T~Jh .iataDC!. land. 3 300 00' E, .' C,'on<;! the _.t l. iae of .aid M~... I!P.. r~b$l't T/:act, . of 141.6 ft. to th.. poi!'lt of ..4g'::\nin<; aM cOrltaidn~ 0.33 ac~e. of , . - . ! s..-", .,:,.~ .. ~LI;'!l.<lO - A-. A~~;- - . ,-:;,.=:,~=- Rlt9iat.H.J4 PUbhc $...::=.,.,ry.:>! AM Ilt. Exhibit "A" A RESOLUTION ACCEPl'ING mE HIGHEST AND BEST RESPONSIBLE mD FOR THE PllRCHASE OF ALL OF PARCEL NO. 53...6. LOCA~ WI'lHIN THE URBAN REtmNAL HlOJJ!X)T. BOFFALO VALLEY N<R'l'H PROJECT TEX. R-112 CONSISl'ING OF A TOTAL OF 14.160 SQUARE FEET FOR THE SUM OF $ 13,000.00 ACCEPl'ING THE 'llmMS AND CONDITIONS F<R THE PURCHASE OF SAID ffiOP:tiRTY AS SET FORTH IN THE BID lXlCtlHENTS SUBMITTED; ESTABLISiING A MINIMllN DISPOSITION PRICE OF PARCEL NO. 53-6; AND AUTHCRIZING THE AGENCY CliAIRMAlI TO IUECUTE A WARRANTY DEED AND A CONTRACT FOR LAND DISPOSITION AFTER CONCURRENCE IN SAID SALE BY THE CITY OF SCH1!RTZ AND THE IlEPAR'lMENT OF HOUSING AND UR1IAN DEVELCPMENT; AND DIRECTING THE AGENCY'S EXECUTIVE DIIUO::TOR TO FORWARD mE mOPOSED SALE PRICE AND CONDITIONS THERliXlF FOR APPROVAL BY THE CITY COUNCIL OF THE CITY OF SCHERTZ. WHEREAS. the Urban ReMval Agenoyof the Cityof' Schertz offered for sale the follcndng described property looated within Urban Renewal Projeot, Buffalo Valley North Project Tex. R-112; Parcel 53-6. square feet. 14.160; and WHEREAS. pu.blic advertisement of such proposed sale Wall placed in the Valley News and the Weekly Herald. all ne1ftIPape1's with a general circulation in Schertz. Guadalvpe County. Texas. on September 5. 1973 and September 1;:. 1573; and WEIl1!:AS. after a bid period of not less than twentyr-one (21) days. bids were opened at 2:00 P. M. on September 26. 1973. b,y the Executive Director of the Urban Renewal lIg8Iloy'; and \rlHiREAS. only one (1) No. 53-6,; and bid(iJ) was/wN: submitted on all of Parcel WHEREAS. the bid of Bxecutiw Director; and Schertz State Bank, Scherh, Texas i. recOllllllltnded for approval b,y the WHmlEAS. it is the opinion of the Board, after considering the terms, con- ditions and proposed purchase price set forth in said bid, that it is accept- able and the highest and IIlOst responsible bid for said property; NCM, mEREFCBE. BE IT RESOLVED BY THE BOARD ClJ.7 CONMISSIONERS 01" THE URBAN RENEWAL AGENCY OF THE CITY OF SCHERTZ: 1 . The attached bid of Schertz State Bank s1pd by Weldon Willbanks in the Bum of $ 13.()Q(1.00 for the purchase of all of Parcal No. 53-6. located within Buffalo Valley North Project Tex. &-112 is hereby" accepted. 2. The terms and conditions for the purchase of the property described in the perag1'aph above ae sublll1tted b,y said purchaser _ hereby approved. '3, The min:I.mwn d18position price for said property is hereb,y established at $ 13.000.00 for 14.160 square feet. 4. It is understood that the purchase price set forth in the attached bid 1lIU8t be paid in cash subject to the terms and conditions of the attached bid. 5. It is a finding of this Agency that said bid is the highest and best responsible bid for the purchase of all of Parcel No. 53-6. 6. The A8ency's Cha1r!rlan is hereby authorized to execute a contx'act for land d18position with and a Warranty Deed to Schertz St.ate Bank. ,~h~M'.ry:. TA',~~:e.tt pursuant to the terms of the bid doCUlll8I1ts after concurrence in said sale by the City of Schertz and the Department of Housing and Urban DeveloplDfJllt. 7. The Executive Director is authorized to place the Agency's seal upon and attest the signature of the Cha:iDJan on the Deed IIl8ntioned in paragraph next above and forward said deed to 5'tewa1't Title Company for ciliaB1ng . 8. The Executive Director is directed to forward this Agency's action for the we of this parcel to the successful bidder and to the City C<~\\ncll of the City of Schertz for approval of' the terms and conditions of this proposed sale as providliel by law. 9. PASSED AND APHWVED this 9tn day of October, 1973. , / IlJIJ1L/ !~- _ Chai:.'"I!Ia."l. ATTEST: ~/ a/ ~$.-'L, Secretary Resolution No. 200