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.

What this record is

Held by

IP Development, Inc

Amount

$147K

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

contract

Field

Real estate

real estate contracts in TX that end within a year →
Governments publish the end date in the award. That date is when the work goes back out to bid, and it is usually stated years ahead.

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

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