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Council authorizes purchase of 0.56-acre tract in Travis County for $146,394
Summary
After an executive session, council approved a resolution authorizing purchase and closing of a 0.56-acre tract in Travis County for $146,394 plus closing costs and authorized the city manager to execute necessary documents.
Following an executive session that cited deliberations related to real property, legal counsel and economic development, the City Council approved a resolution authorizing the purchase of a 0.56-acre tract in Travis County for $146,394 plus closing costs and title insurance.
The resolution authorized approval of the purchase and sale agreement and an amendment to that agreement, and authorized the city manager to execute the purchase agreement and all documents necessary to close. The motion was made by Councilman Reyna and seconded by Councilwoman Weir; the motion passed by voice vote.
The transcript records the purchase price and that the authorization included closing costs and title insurance but does not include the seller’s name, the parcel identification number, the intended municipal use for the property or the detailed terms of the amendment referenced in the resolution.
