HomeMy WebLinkAboutRES 931228-C - Deed Lakeaire SubdivisionREsoLuTiON NO. 1?*3 12 28- q
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WIffiREAS, the City Council previously authorized the City Attorney to negotiate a
contract for sale of the City's portion of the Lakeaire, Shopping Center;
WIIEREAS, the Buyer of the Lakeaire Shopping Center has completed all prerequisites
Cor closing the sale;
WIIEREAS, formal action by the City Council was necessary to complete the closing of
the sale,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF GEORGETOWN, TEXAS, THAT:
SECTION 1. The facts and recitations contained in the preamble of this resolution are
hereby found and declared to be true and correct, and are incorporated by reference herein and
expressly made a part hereof, as if copied verbatim. The City Council hereby finds that this
resolution implements Facilities and Services Policy I of the Century Plan - Policy Plan Element,
which states: "The City will endeavor to increase the quality of life through the upgrading of
existing facilities and services and the provision of new services to meet the specific needs of
the community"; and further finds that the adoption of this resolution is not inconsistent or in
conflict with any other Century Plan Policies, as required by Section 2.03 of the Administrative
Chapter of the Policy Plan.
SECI71ON 2. The City Manager is hereby authorized to execute a Special Warranty Deed
on behalf of the City of Georgetown conveying Lot One, Block One, of Lakeaire Subdivision,
Section One, to the individual partners of Lakeaire Shopping Center, Ltd., in individual interests
as specified by the buyers.
SECTION 3. This resolution shall be effective immediately upon adoption, and shall have
the effect of ratifying the Special Warranty Deed executed on December 17, 1993.
RESOLVED this 28th day of December, 1993.
ATT T:
Elizabeth V. Lee -
City Secretary
APPROVED AS TO FORM:
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Lakeaire Resolution No.
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