HomeMy WebLinkAboutOrd 955 - Authorizing Mayor to Enter into a Earnest Money Contract
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ORDINANCE NUMBER 955
AN ORDINANCE AUTHORIZING THE MAYOR TO ENTER INTO AN EARNEST
MONEY CONTRACT FOR THE ACQUISITION OF CERTAIN PROPERTY AS
DESCRIBED; AUTHORIZING THE CITY MANAGER TO HAVE A SURVEY
MADE; PROVIDING FOR THE PAYMENT OF THE PURCHASE PRICE UPON
THE EXECUTION AND DELIVERY OF PRESCRIBED INSTRUMENTS OF
TITLE TO THE CITY; AND PROVIDING AN EFFECTIVE DATE
WHEREAS, the City Commission has determined it advisable to acquire
certain property needed by the city for use in conjunction with its operation,
as a warehouse and storage site, and for the possible use of another water
well and ground storage reservoir, and other general purposes of the city;
and
WHEREAS, the City Commission has further determined that certain
land as hereinafter described, is available for purchase at a price consi-
dered to be reasonable and proper for the land in question.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY
OF WEST UNIVERSITY PLACE, TEXAS:
Section 1. That the Mayor be, and he is hereby authorized to
enter into an earnest money contract with Ralph N. Galli for the acquisition
of two tracts of land in the A. C. Reynolds Survey, Abstract 61, Harris County,
Texas, as more particularly described in said earnest money contract, a copy
of which shall be spread upon the minutes of the City Commission.
Section 2.
and directed to employ
veyor conduct a survey
pare a plat reflecting
That the City Manager be, and he is hereby, authorized
a competent, 1 icensed land surveyor to have such sur-
on the ground of the property in question, and to pre-
the results of such survey.
Section 3. That the Mayor and City Treasurer are authorized to de-
liver to Ralph N. Galli the sum of $60,000.00 as the purchase price for the
property being acquired, upon the satisfaction of all of the provisions of
the aforesaid earnest money contract and upon del ivery to said City of a Gen-
eral Warranty Deed from Ralph N. Gall i to the City of West University Place,
Texas, along with an Owner's Title Guaranty pol icy guaranteeing the title to
the aforesaid property to be good in the City of West University Place, Tex-s.
Section 4. This Ordinance shall take effect immediately from and
after its passage and approval as required by law.
PASSED AND APPROVED this 8th day of March, 1971.
Commissioners Voting Aye: All
ATTEST:
None