ORDINANCE NO. 261
AN ORDINANCE 1ft 261
APPROVING THE PRICE AND CONDITIONS OF THE SALE BY THE
URBAN RENEWAL AGENCY OF THE CITY OF SCHERTZ OF PROPOSED
PARCEL 53-7, LOCATED WITHIN THE BUFFALO VALLEY NORTH
URBAN RENEWAL PROJECT, TEX. R-112, TO SCHERTZ STATE
BANK FOR THE SUM OF $9,125.00, FOR 17,903.18 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
Schertz State Bank for a parcel of property described as Urban Renewal Dis-
position Parcel 53-7, within said Project; and
WHEREAS, said bid of $9,125.00 for 17,903.18 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 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-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 53-7, within its Buffalo Valley North
Project Tex. ~-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
particularly described by field notes attached hereto and marked as Exhibit
"A" of this Ordinance.
3. The consideration for said sale being $9,125.00 for 17,903.18 square
feet, is also hereby approved.
4. The sale by the Urban Renewal Agency is made subject to the restrictions
of the Redevelopment Plan for Buffalo Valley North Project, Tex. R-112 as approved
and amended and is on file in the Office of the Executive Director.
;). 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 furniGh copies of this
Ordinance to the Executive Director of the Urban Renewal Agency.
PASSED A\'JD APPROVED this 15th day of
June
, 1972.
Q~ h2u~ad
Mayor
ATTEST:
""7
/r:l"tC"~2!,-</!"v'
City Secretary
APPROVED AS TO FORM:
, (
,
i;lity Attorney
,
VAllCEL 53-7
Ju'y 6, lt7.1.
~1' I'DJ.' 1\-112
BUI'I'ALO VA~ )fOR'l'B
FIEIJiI NOTIlS FOR A 'tRACT 01' LABD OUT or THE o. WoLPAZ IURVEY
NO. 67 AND 00'1' OF A ll'RACT RllCOIU>JilIl IN VOLUME 403, PAGE 329
01' THE OIlED lU!JCORDS Ol' OUADlU.UPE COOIII'l'Y. TEXAS.
B1!lliOINNING at an iron pin set on the new north line of Nain Street. said point alao
bitinq the present southwest corner of the Mr.. Ore S. Semlillger tract a. rtlQorded
in Volume 296. Paves 65-67 ,of the Deed Record. of Guadalupe County, Texas,
THENCE.
f.et to
along the new north line of Main Stre.t, Ii 600 00' W, .
an iron pin set. for the 8Outh_at corner of this tract,
<iisunos of 83.08
'1:H&NCE. N 300 00' W, alonq the _st line of the Sc;:he:rt.ll;~lltat.. Bank '1':r~t as
recorded in VolWM 358, hVe 260 of the Dead rtlQord. of Guadalupe County, Taxa.,
a dist.anae of 139. (05 ft. to an iron pin .et for a GOrner of this tr~t,
o
THENCE. . 60 00' E, . distance of 21.08 ft. to an iron pin set for a corner of
tht. tract,
THEIIlCE. N 300 00. W, . distance of 101.63 ft. to an iron pin set on the .oui;h liru
of Exchange Avenue, tor the northwe.t corner of this tract,
'1'lD!3:ls .lonq
ft. to an iron
o
the .outh line of Bxchange Avenue. JlT 60 00' E, a di.tance of 62.0
pin .et for the northe..t corner of this tract,
THENCEs alCllllJ the _at line of the above mentioned Mr.. Ora 8. Semlillger Tract,
8 300 00' Ill, . distance of 241.28 ft. to the point of beginninq an4 containing
17,903.18 sq. ft. of land.
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Armando A. Aranda
Reqiaura4 Public
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,
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surveyor
MAska
EXHIBIT "A"