HomeMy WebLinkAboutRES 900048 - Purchase MKT RailroadRESOLUTION : No. 900048
A RESOLUTION ADOPTING AN AGREEMENT TO PURCHASE
MISSOURI -KANSAS TEXAS (MKT) RAILROAD PROPERTY
FOR RIGHT OF WAY AND TRANSPORTATION PURPOSES,
WHEREAS, the City of Georgetown finds it in its best interest
to participate with other local entities in the purchase of right
of way for the Missouri -Kansas (MKT) Railroad for State Highways
130 and mass transportation purposes; and
WHEREAS, the City desires to adopt an Agreement with other
local entities which provides for acquisition of certain portions
of the MKT Right of Way in accordance with the terms and conditions
as outlined on Exhibit "A"; and
WHEREAS; the Council has previously approved an Agreement for
this purchase and finds it necessary to now revise said Agreement
to provide for changes made in the potential additional funding
formula of such a purchase;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF GEORGETOWN, TEXAS, THAT:
SECTION I
The City Council of the City ofGeorgetownfinds that the recitals
set forth above are true and correct and are adopted herein
verbatim as if fully set forth at length,
SECTION II,
That the City Council approves a Revised Agreement that embodies
the principles and terms as set forth in Exhibit "A", attached
hereto, to participate with other local entities to purchase right
of way for the Missouri -Kansas Texas (MKT) Railroad,
SECTION III,
That the Mayor is hereby authorized to execute the Final Agreement
and the City Secretary to attest;
SECTION IV.
This resolution shall be effective immediately upon passage,
RESOLVED this the 23rd day of January, 1990.
Tim Kennedy, Mayor
ATTEST:
XL' /,�
Leslie Barone, Deputy City Secretary
APPROVED
A
Diane CAKander„ City Attorney