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2014-136s:\legal\our documents\ordinances\14\wolski ordinance.doc ORDINANCE NO. 2014-136 AN ORDINANCE AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE TO EXECUTE A CONTRACT OF SALE BY AND BETWEEN DR. EDWARD F. WOLSKI, AS OWNER, AND THE CITY OF DENTON, TEXAS, AS BUYER, TO ACQUIRE FEE SIMPLE TO A 10.070-ACRE TRACT LOCATED IN THE J.S. COLLARD SURVEY, ABSTRACT NO. 297, IN THE CITY OF DENTON, DENTON COUNTY, TEXAS, GENERALLY LOCATED NORTH OF RINEY ROAD AND EAST OF BONNIE BRAE DRIVE, FOR THE PUBLIC USE OF EXPANSION, CONSTRUCTION, MAINTENANCE, OPERATION, AND IMPROVEMENT OF ELECTRIC TRANSMISSION AND DISTRIBUTION LINES, FACILITIES, AND STRUCTURES, AS WELL AS SUBSTATIONS, FOR THE PURCHASE PRICE OF ONE MILLION TWO HUNDRED FIFTY EIGHT THOUSAND NINE HUNDRED AND TWENTY THREE DOLLARS AND TWENTY CENTS ($1,258,923.20), AND OTHER CONSIDERATION, AS PRESCRIBED IN THE CONTRACT OF SALE AS DESCRIBED IN THE ORDINANCE AS ATTACHED AS EXHIBIT ONE; AUTHORIZING THE EXPENDITURE OF FUNDS THEREFOR; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, after due consideration of the public interest and necessity and the public use and benefit to accrue to the City of Denton, Texas; NOW, THEREFORE, THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: SECTION 1. The City Manager, or his designee, is hereby authorized (a) to execute for and on behalf of the City (i) the Contract of Sale, by and between the City and Owner, in the form attached hereto and made a part hereof, with a purchase price of $1,258,923.20, as prescribed in the Contract of Sale; and (ii) any other documents necessary for closing the transactions contemplated by the Contract of Sale; and (b) to make expenditures in accordance with the terms of the Contract of Sale. SECTION 2. If any section, article, paragraph, sentence, phrase, clause or word in this ordinance, or application thereof to any persons or circumstances, is held invalid or unconstitutional by a court of competent jurisdiction, such holding shall not affect the validity of the remaining portions of this ordinance; the City Council declares that it would have ordained such remaining portion despite such invalidity, and such remaining portion shall remain in full force and effect. SECTION 3. This ordinance shall become effective immediately upon its passage and approval. PASSED AND APPROVED this ��� c.F����� day of `�`�"��'`���,����u , 2014. MARK A. B�1RR�`C�CiHS, �1���R ATTEST: JENNIFER WALTERS, CITY SECRETARY : APPR��'��J A�' TO LEGAL FORM: ANITA BURGESS, CITY ATTORNEY �� � ._ By. � ' Page 2