HomeMy WebLinkAbout7-10-08-2c - Resolution - 07/10/2008RESOLUTION NO. 7- 10 -08 -2c
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS, APPROVING A REAL ESTATE CONTRACT FOR THE VOLUNTARY
PURCHASE WITHOUT CONDEMNATION OF A FEE SIMPLE INTEREST IN CERTAIN
PROPERTIES FOR AN ECONOMIC DEVELOPMENT PROJECT AND CONTAINING
OTHER PROVISIONS RELATED TO THE SUBJECT.
WHEREAS, the City of College Station, Texas ( "City ") is a home rule municipality duly
incorporated and chartered under the Constitution and laws of Texas; and
WHEREAS, the City Council has an economic development program for attracting new
investment into its city, including attracting and retaining venues promoting business and
tourism; and
WHEREAS, Gameday Investors Group, LLC owns property located in or near 303 -321 First
Street and desires to sell to the City its interest in said property for economic development
purposes voluntarily without condemnation or threat thereof; and
WHEREAS, the City has determined it to be in its best interest and in the best interest of its
citizens to acquire said property, now therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS:
PART 1: That the facts and recitations set forth in the preamble of this resolution are hereby
declared true and correct.
PART 2: That the City Council of the City of College Station, Texas, hereby approves the Real
Estate Contract and Option Agreement with Gameday Investors Group, LLC. A copy
of such Agreement including a legal description of the property is attached hereto and
made a part hereof as Exhibit "A."
PART 3: That the funding for this purchase shall be provided from the City's Economic
Development Fund.
PART 4: That this resolution shall take effect immediately from and after its passage.
ADOPTED this 10th day of July, A.D. 2008.
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City Secretary
APPROVED:
Mayor
City Attorney
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RESOLUTION NO. 7- 10 -08 -2c
EXHIBIT "A"
Page 2
TRACT ONE: GAMEDAY INVESTORS GROUP, LLC
Being Boyett Addition, Block 11, Lots 12 - 21, Brazos County, College Station, Texas, also
known as 303 - 321 First St., consisting of 2.273 acres, more or less. This tract is more
particularly described by a boundary survey prepared by Joe Orr, Inc., April 19, 2007.