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2024-R-184

A Resolution of the City Council of the City of Laredo, Texas, authorizing the City Manager to accept the donation of parkland of 11.1311-Acre Tract of land being Lot 15, Block 10 as per plat recorded in Volume 36, pages 89-90 of the plat records of Webb County, Texas and Lot 1, Block 17 and Lot 1, Block 18 of the Southern Development Unit IV as per plat recorded in volume 38, pages 50-52 of the plat records of Webb County, Texas with an estimated value of $500,899.50 from 359- IP Development, Inc. to develop a city park to serve for recreational parkland purposes in accordance with the land development code. Additionally, 359-IP Development, Inc. has provided improvements for said park in the total amount of $147,370.06 which exceeds the required amount of $110,528.00 as per the attached agreement. Authorizing the execution of warranty deed; and providing for an effective date.

Resolution Agenda Ready Introduced May 21, 2024

What this record is

Held by
IP Development, Inc
Amount
$147K
Runs until
no end date published in this record
Type
contract
Field
Real estate

Read automatically from the title of the official record. The source document below is authoritative.

Committee
City Council
Requested by
Parks & Recreation
Introduced
May 21, 2024
On agenda
June 24, 2024

Where it was heard

City Council Jun 24, 2024