HomeMy WebLinkAboutResolution 1992-060
RESOLUTION NO. 92-60
BE IT RESOLVED by the City Council of the City of North
Richland Hills, Texas, that:
1.
The City Manager is hereby authorized and directed to make
the following expenditures for purchasing of park and recreation
land from the Sales Tax Revenue Bonds, Series 1992, which money
has been transferred from the North Richland Hills Park and
Recreation Facilities Corporation to the City:
a. To Republic Title of Texas, Inc., Dallas, Texas _
$1,332.213.29 for 52.3135 acres out of the John Condra
Survey, Abstract 311 (GF# 92R8986).
b. To Republic Title of Texas, Inc., Dallas, Texas _
$165,591.38 for 16.580 acres out of the John Condra
Survey (GF# 92R9438).
c. To Trinity Western Title Company - $663,842.92 for
30.622 acres out of the William Barnes Survey
(GF# KW124563)
2.
The city Manager is authorized and directed to repay the
City all monies heretofore advanced for purchase of park and
recreational properties and for earnest money advanced for
purchase of park and recreation land. The repayment to the City
shall be made from the proceeds of sale of the Sales Tax Revenue
Bonds, Series 1992, in the total amount of $118,834.89 pursuant
to Resolution No. FDC 92-01 passed and approved this date by the
North Richland Hills Park and Recreation Facilities Development
Corporation Board of Directors.
PASSED AND APPROVED this 29th day of December, 1992.
APPROVED:
Mayor
ATTEST:
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c· y Secretarý
APPROVED AS TO FORM AND LEGALITY:
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