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24-749 INCOMPLETEORDINANCE NO. 23-749 AN ORDINANCE OF THE CITY OF DENTON AUTHORIZING THE CITY MANAGER. TO 1) EXECUTE A LETTER AGREEMENT FOR REAL PROPERTY PURCHASE AND 2) ACCEPT THE DEDICATION OF A FEE SIMPLE INTEREST IN APPROXIMATELY 4.5390 ACRES OF LAND LOCATED IN THE ROBERT BEAUMONT SURVEY. ABSTRACT NO. 31, AND BEING A PORTION SOUTH OF THAT CERTAIN TRACT DESCRIBED AS SECTION 1, TRACT ONE IN THE DEED TO RAYZOR INVESTMENTS, LTD. RECORDED IN VOLUME 1796, PAGE 601 IN THE CITY AND COUNTY OF DENTON, TEXAS; AND PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE. WHEREAS, Rayzor Investments, Ltd., a Texas limited partnership has offered to dedicate to the City of Denton (“City”) an approximately 4.5390-acre tract of land located in the Robert Beaumont Survey, Abstract No. 31, a portion of south of that certain tract Section 1, Tract One in the City and County of Denton, Texas; and WHEREAS, the City has conducted its due diligence to determine the environmental condition of the property and desires to accept fee simple title to the property for future public uses including but not limited to a regional detention pond as outlined in the 2021 Pecan Creek and North Pecan Creek Watershed Study; and WHEREAS, the City Council hereby finds that accepting the fee simple dedication will benefit and serve the public; NOW, THEREFORE, THE COUNCIL OF THE CITY OF DENTON HEREBY ORDA tNS: SECTION 1. The findings set forth in the preamble of this Ordinance are incorporated by reference into the body of this Ordinance as if fully set forth herein. SECTION 2. The City Manager, or designee, is authorized 1) to execute a letter agreement for real property purchase, attached hereto as Exhibit A., and 2) accept on behalfofthe City of Denton, the dedication of a fee simple interest in an approximately 4.5390-acre tract of land via a Special Warranty Deed attached hereto as Exhibit B, SECTION 3. The City Manager is further authorized to carry out all duties and obligations to accept the dedication and complete the title transfer. SECTION 4. 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 5. This ordinance shall become effective immediately upon its passage and approval. [signatures to appear on the following page.] Page 1 of 2 The motion tO approve this orqinance was made by iifrAn BeLL and seconded by Mk i Byf J - Id approved by the following vote M - n : Aye / ,/ ./ Nay Abstain Absent Gerard Hudspeth, Mayor: Vicki Byrd, District 1 : Brian Beck. District 2: Paul Meltzer. District 3 : Joe Holland. District 4: Brandon Chase McGee, At Large Place 5: Chris Watts, At Large Place 6: / ,/ Z ,// PASSED AND APPROVED thi, th, tq+kday of n , , ,\,2024 4/ega GERARD HUDSPETH, MAYOR ATTEST: JESUS SALAZAR, CITY SECRETARY APPROVED AS TO LEGAL FORM: MACK REINWAND, CITY ATTORNEY Chxt•Pynarudby BerurrunS#rurles q:avImin,on 3amIJ£b. qQkQ ::===mrw=leaF-WHI:P Bhxq : ::=E::r=1 :1Tj:I=AIE HHEII wAun ocH 4 Gm Page 2 of 2