AGENDA CAPTION:
Title
Consider approval of Resolution 2020-222R, approving a Real Estate Sales Contract with Randy N. and Patrice A. Greer for the City to purchase lots 2 and 3, block 12 of the original town of San Marcos, located at 128 and 140 South Guadalupe Street, for a price of $1,600,000, plus any associated closing costs, approving amendments to said contract including an amendment providing for the withholding of funds in an amount up to $225,000 for expenses associated with enrolling in the Texas Commission on Environmental Quality ("TCEQ") voluntary cleanup program; approving a Voluntary Cleanup Program Agreement with the TCEQ in connection with the purchase of the property; approving the execution of said Real Estate Sales Contract by the City Manager, or his designee, on behalf of the city; authorizing the City Manager, or his designee, to execute the contract amendment regarding the withholding of funds under the TCEQ voluntary cleanup program, any related closing documents and the TCEQ Voluntary cleanup program agreement on behalf of the City; and declaring an effective date.
Body
Meeting date: October 20, 2020
Department: Engineering/CIP
Amount & Source of Funding
Funds Required: $1,600,000
Account Number: Click or tap here to enter text.
Funds Available: Click or tap here to enter text.
Account Name: TIRZ #5; C614 - Downtown Acquisition
Fiscal Note:
Prior Council Action: Ordinance 2020-046
City Council Strategic Initiative: [Please select from the dropdown menu below]
Downtown Vitality
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