HomeMy WebLinkAbout06-23-88-08 - Resolution - 06/23/1988A RESOLUTION AUTHORIZING THE ACTING CITY MANAGER TO EXECUTE '"'
AGREEMENTS WITH PEOPLES MORTGAGE COMPANY AND THE COLLEGE ~
STATION INDEPENDENT SCHOOL DISTRICT FOR THE PURCHASE, DE- i~
VELOPMENT, AND LEASE OF PROPERTY OWNED BY PEOPLES MORTGAGE ~
COMPANY. ,~.
~'.'
WHEREAS, the City Council has considered and approved the .~
purchase of flv. e (5) acr.es of land from Peoples Mortgage .'"
Company in con]unction with the purchase of ten (10) acres
from Peopl,es Mortgage Company by the College Station Inde-
pendent School District; and
WHEREAS, Peoples Mortgage Company will also convey to the
City five (5) acres as a parkland dedication; and
WHEREAS, the City Council has considered and does approve
the development of the property by Peoples Mortgage Com-
pany, College Station Independent School District, and the
City; and
WHEREAS, the C~ty of College Station City Council has con-
s~dered the lease of College Station's proposed ten (10)
acre park to the School District for use as a playground
during school hours;
NOW, THEREFORE, BE IT RESOLVED By the City Council of the
C~ty of College Station that the Acting City Manager is
hereby authorized to execute all documents necessary for
the purchase, development, and lease of property owned by
Peoples Mortgage Company.
PASSED and APPROVED this 23rd day of June, 1988.
APPROVED:
City S~re~ry
06750