HomeMy WebLinkAboutResolution - 021358M - Warranty Deed - W.R. Slaton - Ridgecrest Addition - 02_13_1958 ► _,. r
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RESOLUTION
3 i
v �,' WHEREAS, the City of Lubbock in the acquisition of right of way for �{
r street purposes has acquired the land hereinafter more particularly described: ;
in the body of this Resolution; and the City Commission finds that said property
(� is excess property and no longer needed by the City of Lubbock for any public
purpose; and,
4� WHEREAS, the City Commission finds that W. R. Slaton desires to pur-
chase said excess property and has offered the sum of $10, 775. 00 as a purchase
price for said 'la.nd and desires to pay said sum by paying $3775. 00 cash upon
receipt of his conveyance and pay the balance of $7000.00 in egLa l annual
installments; and,
WHEREAS, the City Gommission finds that the amount offered as the
purchase price for said land is a good and sufficient sum for the fair market
value of said land and that it would'.be expedient and in the public interest to
sell said property to W. R. Slaton; NOW THEREFORE,
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LUBBOCK:
SECTION 1. THAT the Mayor BE and he is hereby authorized and directed
to execute for and on behalf of the City of Lubbock a Warranty Deed from the
City of Lubbock to W. R. Slaton, conveying the following described property:
All of Lots 11, 12, 13, 14 and 15 in Block 8, Ridgecrest
Addition, an addition to the City of Lubbock, Lubbock
County, Texas;
and said Deed to be delivered to W. R. Slaton upon the receipt by the City of
Lubbock of the sum of $3775. 00 in cash and the delivery of an executed vendorts
lien note additionally secured by a Deed of Trust on the property described herein
for the principal sum of $7000. 00 bearing interest at the rate of b per cent per
annum; the principal and interest to be payable in equal annual installments
and the principal and interest to be payable to the order of the City of Lubbock
at Lubbock, Texas.
SECTION 2. THAT the City Secretary is hereby authorized and directed to
attest the signature of the Mayor of the City of Lubbock to said Warranty Deed
and to affix the seal of the City of Lubbock thereto in evidence thereof.
Passed by the Commission this 13th day of February 1958.
�._..-
S. S. FOR EST,JR,Nia o t
ATTEST:
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Lave.nia Lo e, Gity ec tar.y-T eas-urer
Chocked and Approved
�V
CITY :OF LUBBOCK
MEMORANDUM,Inter Office
ems'
TO: John. Scott, Right .of Way Agent Date February 8, 1958
FROM: Fred O. Senter, Jr. , Assistant City Attorney
SUBJECT: Resolution for sale of Lots 11-15, Block 8, Ridgecrest Addition
Our File No. L-r 1-1-31
Please find attached hereto Resolution for consideration of the City
Commission at thkir next meeting authorizing the Mayor to execute a
Warranty Deed from. the City of Lubbock to W. R. Slaton as requested
by your memo dated February 7, 1958.
Assistant City Attorney
FOS:gb�
Attach 1
xHZ STATE Oi'' TXX" � KNOW ALL M Z'Y TIMEP
GM Y OF LVAM"�C
UNTS
THAT t Oty of lmbta"o as HOMO'Rulo UuAicipa l ,Corpomt n of Lubbock
Co=ty, TO.-Met for *ad in.c"si+ora►i ion of:to *am of TZN THOUS NOv UV EN
�lti ,, YJCNT�f-�";IYZ ,A� ,NO/10 1$10, 773.00) DOLLARS to it iu land
,IOU a"nA ewcured to be paW as follows. to ►wite
The see ,of $3* 775. 00 to it rash in hand paid by tb Grantes beroim# receipt
of wwou is boroby4 owlodgeed nd tome smod ands
The sum $7#0400 00 to be pad by the Grp berein in aaic>***&:> t e
with the torms'of biar one carte promissory Deed of Trust note of *von
date horse eexoc d by said Grant** payable to M order of the City
oaf Lubbock in Lubbock Cat�t+ety. 3'*x"# said n .pay a is ann"I iam►t U.
meats et 6% frost. principal ,>t►ad rarest pa►yawee ta eflual 044UN4 pay-
meats and.providing said note tee be secured by a d of 'TrvwO.
has Graf ok 8014 a ►Av*y*d aid by these Proownts dose. Gra ► and
C44W y W. weft the Ca of"L*Wwec, ;iota reef Yeexaq,, all tbat ao rfsin
lot, tract or pox'cel of 1"d.lye aid being si.lnated In Lubbock Cauntyt 'Texas.
and being cheese ibed as fella ws, ta•witt
All of Lots. 11, 11 13, id, "d 15 in Block 8, RlAsow rest Addi►ticon, an
addition to to City of Lubbock, Lubbock County, T4"ms.
TO HAVZ AND TO HGLD the abo v0,ndem"7Ir d.vrazWoeo, t0S*,Uuw WitkzU a
4n44"', tbo serf sms AAdAV**4*XAw40f sho sad
. X. baton, as heirea A." !#Giki a "k0ke., `° " y J MifMpll ". Apoe'be y
biAd ft"U, its 0"et444ors to "A jr'*' rl V*r DOU44 au sad
al g%;I ar the d jwsmisoo wA* the *WA W. R. Slatan4 his boir s "d aaae<si
ovwry pastelecras wu��+*r UwAtUy 41aLTA104j, or to claim the same or any pecan
#here+df.
A Yendorear lien is rid sat the above--doscribed promises for the "WArity
"d *aW tU f*U &ad ,#:tact, pay as of the above-des rtbed VonAorlo l d Do"
of Tres lion aaot*., when mid wh eraupon this dead a became a►bs*luto.
horotefore duly avthorlx : w *-the 13th da y
CITY CW �$ J
Byl, �;..: .
S. S. lro , JR.
ATT
Lama Low*# City
\4 THE STATS OF TZXAS
AIXX
ZzVQRE u F,, the under signed.authority# # NoWy POlic in and for said Cry,
Texas, on this 4ay Peraee ly w argA a. FORR"T, JR., kaow.0 to me to be the
person whose now is sub,�C* or kiapr ado i►xaEatx n�k a>�`s�akacrwlodgod to
me tb&t be ozov�, igiaxawU *-Aid chard of the.CITY OF LUBBOCK pad
as MAYOR. for Vbo� -P%rPouss considOZAtIOA therarin p *ssed# aAd in the
caapa ty tMr*AA aeftiw+d»
N VA m y,wwo AND SEAL OF OF FTC Z,tbi 0 the dtt y Of
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