1988-1602356L
NO 29-1& U
AN ORDINANCE AUTHORIZING THE CONVEYANCE TO BILLY RAY REDMON OF
APPROXIMATELY 503 SQUARE FEET OF LAND OWNED BY THE CITY OF DENTON
IN EXCHANGE FOR THE CONVEYANCE TO THE CITY OF DENTON OF APPROXI-
MATELY 1403 SQUARE FEET OF LAND OWNED BY BILLY RAY REDMON, AND
PROVIDING FOR AN EFFECTIVE DATE
WHEREAS, the City of Denton and Billy Ray Redmon have agreed to
exchange parcels of land respectively owned by each, and
WHEREAS, the land owned by the City of Denton is of such shape
and size that it cannot be used independently under the City s
current zoning and subdivision ordinances, and
WHEREAS, the fair market value of the land to be conveyed by the
City is equal to or less than the fair market value of the land to
be received by the City, as shown by an appraisal obtained by the
City, and
WHEREAS, such exchange is in compliance with the provisions of
Section 272 001 of the Local Government Code and Article V of
Chapter 2 of the Code of Ordinances, NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS
SECTION I That upon execution by Billy Ray Redmon of the
attac ed ee conveying to the City of Denton the tract of land
owned by Billy Ray Redmon, containing approximately 1403 square feet
of land, as more particularly described therein, the Mayor is auth-
orized to execute the attached deed conveying to Billy Ray Redmon
the tract of land owned by the City of Denton, containing approxi-
mately 503 square feet, as more particularly described therein
SECTION II That ordinance shall become effective immediately
upon its passage and approval -e~/
PASSED AND APPROVED this the day of QG A&, 1988
RAY S' H NS , AYOR
ATTEST
1 f
NN WALT R SR R
APPROVED AS TO LEGAL FORM
DEBRA ADAMI DRAYOVITCH, CITY ATTORNEY
BY O MIS
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