HomeMy WebLinkAboutCity Council Resolutions (R-94-1065)-11/15/1994
RESOLUTION R-94-1065
A RESOLUTION DIRECTING AMERICAN TITLE TO PAY ESCROW
FUNDS FOR BRIDLEWOOD PARK LAND DEDICATION FEES
WHEREAS, the City Council and Sandlin Properties have entered into an escrow
agreement and a developers agreement for park land dedication fees
associated with the Bridlewood Subdivision; and
WHEREAS, the developers agreement provides that Sandlin Properties will
produce an "alternate land dedication" acceptable to the City staff no
later than October 5, 1994; and
WHEREAS, the City staff has determined that no such alternative land dedication
has been presented; and
WHEREAS, the escrow agreement stipulates that the City Council will make a
determination as to when the escrow amount of $34,732.32 shall be
paid to the City.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF COLLEYVILLE, TEXAS:
Sec. 1.
THAT Sandlin Properties has not produced an acceptable alternate
land dedication in lieu of the park land dedication fees.
Sec. 2.
THAT American Title is directed to immediately pay to the City the
escrow funds in the amount of $34,372.32 to the City.
AND IT IS SO RESOLVED.
Passed by a vote of 4- ayes, /J nays, and IJ abstentions, on this
/5tJ. day of Atoll utLhtr , 1994.
ATTEST:
CITY OF COLLEYVILLE
Cheryl Feigel
Mayor
Jean Harris, CMC
City Secretary