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Ordinance No. 12,246ORDINANCE NO. 12,246 AN ORDINANCE' OFTHE CITY COUNCIL OFTHE CITY OF BAYTOWNJI�'XAS, AUTHORIZING THE PURCHASE, Of" PROPERTY I"OR AN ECONOMIC DEVELOPMENT PROJECT; AUTHORIZING PAYMENT BY THE CITY OF BAYTOWN IN AN AMOUNT NOT TO EXCEIE,D TW() HUNDRI-11) THOUSAND AND NO/] 00 DOLLARS ($200,000,00); MAKING urrii--R PROVISIONS RELATED THERETO; AND PROVIDING FOR THE" EFFEICTIVE DATE THEREOF. BE ITORDAINI:!J) BY THE CITY COUNCIL OFTHE CITY OF BAYTOWN,14,"XAS: Section 1: That the City Council of the City of Bayto,,vn, Texas, hereby authorizes the purchase of property I'm a development project. Section 1 That the City COUIICil of the City of Baytown aLlthorizes payment in all arrIOLInt not to exceed TWO 1-1 UN DRED TI IOUSAN 1) AND NO/ 100 DOLLARS ($200,000,00) 101- purchase of the property described in Section I hereof. Section 3: That tile City Manager ol'the City of Baytown is hereby authorized and directed to execute all documents necessary to C011SUMniate the purchase of' tile property described in Section I hereof. Section 4: That the City Manager is hereby granted general authority to approve a decrease or an increase in costs.by FIFTY THOUSAND AND NO /I00 DOLLARS ($50,000.00) or less, provided that tile amount authorized in Section 2 hercol'may not be increased by more than twenty-five percent (25%). Section 5: This ordinance shall take effect immediatef m an(] after its passage by the C f-' City Council of City of Baytown. P INTRODUCED, READ and PASSED by the afl-irma I , I C* Council ol'the City of Baytown this the 2"d (lay ol'May, 2013. C ATJ ?7/ LE'I7,ICIX,13RY8CI-I citv, '711 471 APPROVI�bWA§-`fU'FORM: Z,SR.,Ciy ACID R;X�MOIRE7, SR., Ci ttorney, EN 11, DONCARLOS, Mayor. R \Karcn\FHes\0 I y C'0LIIICi I flrdinanccs\2013AIaN, 21A tit hol-0 I I gI '(I rc h aseoff'roperty4ECOnon I ic I )eve. opl I I C I IIPT(�jeadoc