HomeMy WebLinkAbout2001-479ORDINANCE NO 0W— 79
AN ORDINANCE APPROVING A REAL ESTATE CONTRACT BETWEEN THE
CITY OF DENTON AND RANCH VENTURES, LTD RELATING TO THE
PURCHASE OF TWO TRACTS COMPRISING APPROXIMATELY 10 868 ACRES
OF LAND LOCATED IN THE N BRITTON SURVEY, ABSTRACT NO 51, FOR
USE AS PARK, AUTHORIZING THE EXPENDITURE OF FUNDS THEREFOR,
AND PROVIDING AN EFFECTIVE DATE
THE COUNCIL OF THE CITY OF DENTON, TEXAS HERBY ORDAINS
SECTION 1 The City Manager is hereby authorized to execute a Real Estate
Contract between the City and Ranch Ventures, Ltd, in substantially the form of the Real
Estate iContract which is attached hereto and made a part of this ordinance for all
purposes, for the purchase of two tract comprising approximately 10 868 acres for use as
park
SECTION 2 The City Manager is authorized to make the expenditures as set
forth in the attached Real Estate Contract
SECTION 3 This ordinance shall become effective immediately upon its
passage and approval ,II''
PASSED AND APPROVED this the � day of 4CQ//� , 2001
ATTEST
JENNIFER WALTERS, CITY SECRETARY
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