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HomeMy WebLinkAbout1-26-2006-12.14 - Resolution - 01/26/2006 RESOLUTION NO. 1-26-2006-12.14 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXAS, APPROVING A GROUND LEASE AGREEMENT BY AND BETWEEN THE CITY OF COLLEGE STATION AND THE BOARD OF REGENTS OF TEXAS A&M UNIVERSITY SYSTEM FOR THE LEASE OF 1.4 ACRES FOR THE NORTH GATE SUBSTATION. WHEREAS, the City of College Station, Texas is in need of an electrical substation site in or near the area of College Station known as "Northgate" in order to serve the growing electrical load in the N orthgate area; and WHEREAS, the Board of Regents of the Texas A&M University System has approved a Ground Lease Agreement for a 1.4 acre electric substation site on Finfeather Ave. near the College Station/Bryan City Limits; NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXAS: PART 1: That the City Council hereby finds that it is in the best interest of the City of College Station and Texas A&M University to collaborate on needed projects for both entities. PART 2: That the City Council hereby approves the Ground Lease Agreement by and between the City of College Station, Texas and the Texas A&M University System for the lease of 1.4 acres for the N orthgate Substation. PART 3: That the City Council hereby approves that the City of College Station will pay rental charges of $1.00 per year to the Texas A&M University System for the term of this lease. PART 4: That this resolution shall take effect immediately from and after its passage. ADOPTED this 26th day of TanuaJ:y, AD. 2006. ATmsT ~ C~O S, City Secretary APPROVED: ~~)t. ~ JI'A , RON S VIA, ayor APPROVED: City Attorney Olgroup/legal/resolutions/narcotics.doc 1/25/2006