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1971 06 07 CC Minutes, Specialr 5025 MINUTES OF A SPECIAL MEETING OF THE CITY COUNCIL OF THE CITY OF BAYTOWN June 7, 1971 The City Council of the City of Baytown, Texas met in special session on Monday, June 7th, 1971 at 5:00 o'clock p.m. in the Council Roam of the Baytown City Hall with the following members in attendance: Charley O. Walker Jody Lander Leonard Stasney Allen Cannon Jim McWilliams C. Glen Walker D. R. Voelkel Kenneth DeHart Edna Oliver Absent: Ted Kloesel Councilman Councilman Councilman Councilman Councilman Mayor City Manager Acting City Attorney City Clerk Councilman Mayor Walker called the meeting to order and then called upon W. R. Laughlin to bring the Council up to date on matters relating to the purchase of a 48 -acre proposed parksite from Mrs. W. L. Jenkins. Mr. Laughlin, former City Attorney, stated that negotiations for the purchase of the 48 -acre tract had begun in June, 1970 with the understanding that the contract would be closed in one year. It was hoped that the federal grant would be available prior to the date but BOR of Denver has withheld approval of the grant money because of litigation on Mustang Island, and three grants are being withheld because of reservation of mineral rights. The option with Mrs. Jenkins provided that if the purchase was not finalized in six months of the June date, monthly payments would be made to her to compensate for her loss in interest on money not received. The payments have been $500.00 per month with a total thus far of $2,500 which does not apply on the purchase price. Without the $500.00 payments, the option would have been lost. Mr. Laughlin was asking permission from the Council to enter into an escrow agreement with Mrs. Jenkins for a 6-month extension after June 15th closing date, with arrangements for compensating Mrs. Jenkins for the interest lost while waiting. If possible, he will attempt to negotiate to pay Mrs. Jenkins 298 of the purchase price for the acreage at this time. Following some further discussion, Councilman Walker moved to authorize Mr. Laughlin to enter into an escrow agreement with Mrs. Jenkins on the purchase of the 48 acres up to 50% of the purchase price, preferably 29%, and to work out an agreement for monthly compensation for her loss in interest on money not received. Councilman McWilliams seconded the motion. The vote follows: Ayes: Councilmen Walker, Lander, Stasney, Cannon and McWilliams Mayor Walker Nays: None Adjourn There being no further business to come before the Council, Councilman Stasney moved for the meeting to adjourn. Councilman Walker seconded the motion. The ayes were unanimous and the Mayor declared the meeting adjourned. Edna Oliver, City Clerk I 1. � 9