O-1999-2336 - Laserfiche WebLink

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e e ORDINANCE NO. 99-2336 t.. ~ I AN ORDINANCE AUTHORIZING THE PURCHASE OF A 33.644 ACRE TRACT OF LAND IN THE CITY OF LA PORTE, FOR PUBLIC PARK PURPOSES; PROVIDING FOR TERMS AND CONDITIONS OF SUCH PURCHASE; MAKING APPROPRIATIONS; FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW; AND PROVIDING AN EFFECTIVE DATE HEREOF. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: Section 1. The City Council of the City of La Porte hereby authorizes the purchase of the 33.644 acre tract of land, more particularly described by metes and bounds on Exhibit "A" attached hereto, incorporated by reference herein, and made a part hereof for all purposes, from Countrywide Parks I, Inc., for a total acquisition price of $425,000.00 cash. Title to said property shall be conveyed to the City of La Porte pursuant to a Special Warranty Deed "as is, where is". The transaction shall close on or before June 30, 1999, at American Title Company, Deer Park, Texas. The City of La Porte shall pay all costs for title insurance, a survey, environmental inspections, and any other due diligence efforts which the City of La Porte wishes to pursue. All ad valorem tax assessments shall be prorated as of May 1, 1999. Section 2. The City Council of the City of La Porte hereby confirms that the subject property is being purchased by the City of La Porte for public park purposes, and that Countrywide Parks I, Inc., shall be conveying the property to the City of La Porte, under threat of eminent domain proceedings by the City of La Porte. Section 3. Countrywide Parks I, Inc., and the City of La Porte shall enter an agreed Declaratory Judgment in the pending litigation styled Countrywide Parks I, Inc. vs City of La Porte, Cause No. 710,442, Harris County civil Court at Law No.1.