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HomeMy WebLinkAboutOrdinance - 1579-1954 - Authorizing The Sale Of 10 Acres Of Land Located Between Boston And 38Th St. - 07/08/1954}O:P Y' sent "ight-of- ~ay & Lega )ept 7-12 1954 cr+-og-L954- 0RDINANCE NO. 1579 AN ORDINANCE AUTHORIZING THE SALE OF APPROXIMATELY TEN (10) ACRES OF LAND LOCATED BETWEEN CANTON AND BJSTON AVENUES AND 38TH AND 40!'H STREETS; AUTHORIZING THE MAYOR TO EXECUTE WARRANTY Dli!ED TO loT. R. SLATON AND THE ACCEPT- ANcE OF CONSIDERATION IN CASH AND PROMISSORY VENDOR'S LIEN NOTE, AND DECLARING AN EMH!RGENCY. . W H E R E A S, on May 27 1954, the City Commission received bids for the sale of approximately ten (10) acres of land hereimfter described and accepted a bid submitted by W. R. Slaton in the amount of $41,600.00 subject to the approval of the Park Board of the City of Lubbock; and, W H E R E A S, as required by the City Commission, the Park Board ot the City of Lubbock has approved the sale ot this land based upon the above mentioned bid; and, W H E R E A s, it is necessary that such property be disposed of expediently in order to obtain the benefits of the above described bid; N 0 W, THERE F 0 R E, BE IT ORDAINED BY THE CITY COt-MISSION OF THE CIT! OF LUBBOCK: S:OO'l'ION 1. That the hereinafter described tract of land be sold to w. R. Slaton for the consideration of $41,600.00 to be paid as follows, $11,600.00 cash and $301000.00 secured by a Vendor's Lien Note due on or before one year from date, bearing six per cent (6%) interest. '!'he -property is described as follows: A tract of land out or the NE' 1/4 or the ~ 1/4 of the NE 1/4 of Sul"\'&y-141 Block B, Lubbock County, Texas, and originally being the north ten (10) acres more or less of Block 6 of the L. D. Kinser Subdivision as recorded in the. Deed Records of Lubbock County, Texas, Volume 139, page 170, said tract being bound on the north by-38th Street and on the south b,y 4oth Street and on the east b.Y Boston Avenue and on the west by Canton Avenue and being more particularly described as follows: Beginning at a point which is 1350 feet south and 1350 feet west of the NE comer of said Section 14, Block B, which is the NE ~orner of this tract; Thence south 605 feet to a pQint,said point being the SE corner of·this tract; Thence west 605 ,feet to a point, said point being the SW corner ot this tract; Thence north 605 feet to a point, said point being the NW corner ot this tract; / Thence east 605 feet to the PLACE OF BEGINNING. SECTION 2. That the Mayor is hereby authorized and directed to execute a warranty deed conveying the above describe~ property to W'. R. Slaton and to accept the above described cash consideration and Vendor's Lien Note iB consideration therefor. .... . J P~e 2 SECTION .). The City Secretary shall attest the deed and affix the corporate seal of the City of LUbbock thereto. ~TION 4. That the enactment of this ordinance being imperative to the preservation of public property and the daily operation of a municipal department, that the provisions of this ordinance be put into full force and effect immediately, thereby creating a public necessity that the rule requiring proposed ordinances be presentedat two separate meetings be suspended and this ordinance shall become effective upon its paesage. A N D I T I S S 0 0 R D E R E D. On mo~on of Commissioner Forre~t , seconded by Commissioner Carpenter , the foregoing Ordinance was pa.!!sed on this, the ~ day ot JuJ.y , 1954, by the following vote: ATI'EST: 6' ~:gf 6-30-54 Commissioner s voting nYEAtt: Carpenter, Forrest, Thomas & Mayor Pro-tem Baker Commissioners voting "NAY":