HomeMy WebLinkAboutRES 39 FFFLLJ/gh/4/16/73
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A R.E S 0 L U T I 0 N
WHEREAS, the sale of approximately 32 acres of land
out of Central Park on College Street in The City of Beaumont
was accomplished in December of 1972 with a commitment to the
voters of The City of Beaumontthat the proceeds of said sale
would be used for the acquisition and development of a new
Central Park; and,
WHEREAS, in May of 1971 the citizenry of The City of
Beaumont approved the issuance of municipal bonds for the
development of a Public Utilities Service Center; and,
WHEREAS, the purchase of 144 acres, more or less,
bounded on the north by College Street and on the west by
Langham Road has been negotiated with the owners thereof for
a total consideration of $5653000.00, said conveyance to except
and reserve therefrom .to the grantors the oil, gas, sulphur
and other minerals in and under said tract, but granting -to
The City of Beaumont the right of ingress and egress to and
from the said tract for the purpose of mining and drilling of
said minerals; and,
WHEREAS, it is the opinion of the City Council that
the said tract is suitable for the location of a new Central
Park and for the Public Utilities Service Center, and its
purchase at the sum aforesaid is considered to be in the best
interest of The City of Beaumont and the citizenry thereof;
NOW, THEREFORE,
BE. IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF BEAUMONT:
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That the Mayor be, and he is hereby,. authorized to tender to
the owners of said tract (to-wit:.Junker.Spencer, Watt Langham
and Bertie Glaze, the owners of 5.213 acres and Spencer Land
Company, Junker Spencer, Watt. Langham,' and Lula Langham-Potter,
the owners of approximately 139.556 acres) the sum of $565,000.00
for the purchase of 144.acres,- more or less, all as more par-
ticularly described by metes and bounds as per the instrument
of conveyance, subject to the approval of the City Attorney;
and,
BE IT FURTHER RESOLVED:
That the Director of Finance be, and he is hereby, authorized
to pay the sum of $565,000.00 from the General.Fund, Reserve
for Park Project Account for the full purchase price of the
approximately 144 acre,.tract; and the Director of Finance
shall, upon a determination of the location of the Public
Utilities Service Center, reimburse the Genral Fund, Reserve
for Park Project Account from the Capital Improvements®Water
Revenue Bonds 1971 Fund for the latter fund's proportionate
share of the purchase price of the 144 acre tract, more or
less, set aside for the Public.Utilities Service Center, as
determined by the estimate -..of value of the 144 acre tract
prepared for the City by Mr.;Edwin Terry, professional appraiser,
plus interest which would have been earned by that portion of
the General Fund, -Reserve for Park,Project Account used to
purchase the Public.Utilities Service Center from the date of
purchase to the date of such allocation.
PASSED by the City Council this the % day of
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