Ordinance No. 11,081ORDINANCE NO. 11.081
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS, AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND
EXECUTE AN EARNEST MONEY AGREEMENT FOR PROPERTY LOCATED
IN BAYTOWN FOR A DEVELOPMENT PROJECT: AUTHORIZING PAYMENT
OF A SALES PRICE FOR SUCH PROPERTY IN AN AMOUNT NOT TO
EXCEED FIFTY -FIVE THOUSAND AND NO /I00 DOLLARS ($55.000.00); AND
PROVIDING FOR THE EFFECTIVE DATE THEREOF.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN. TEXAS:
Section 1: That the City Council of the City of Baytown, Texas, hereby authorizes the
City Manager to negotiate and execute an earnest money agreement for property located in Baytown
for a development project under terms and conditions deemed acceptable to the City Attorney and
the City Manager.
Section 2: That the City Council of the City of Baytown authorizes payment of a sales
price for the property subject to the agreement authorized in Section 1 hereof in an amount not to
exceed FIFTY -FIVE THOUSAND AND NO/ 100 DOLLARS ($55.000.00).
Section 3: This ordinance shall take effect immediately from and after its passage by the
City Council of the City of Baytown.
INTRODUCED, READ and PASSED by the affirmative
of the City Council of the City
of Baytown this the 26th day of February, 2009.
APPROVED AS TO FORM:
L� — lar
s O.
DONCARLOS, Mayor
'Qcobsrvl\Legal\Karen\Files \City Council \Ordinances\2009\February 261 Eamest Money- Contract4DevelopmentProjectRevised .doc