76R12899 MCK-D
By Maxey, Krusee, Dukes, Greenberg, H.B. No. 3419
Naishtat
Substitute the following for H.B. No. 3419:
By Walker C.S.H.B. No. 3419
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to authorizing the General Services Commission to convey
1-3 certain state-owned property to the City of Austin.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. (a) The General Services Commission may convey,
1-6 on behalf of the state, the state's interest in the real property
1-7 described by Subsection (e) of this section to the City of Austin.
1-8 (b) Consideration for the conveyance authorized by this
1-9 section must be in cash in an amount not less than the fair market
1-10 value of the property as established by an independent appraisal
1-11 obtained by the General Services Commission. The purchase and sale
1-12 agreement relating to the conveyance must provide for the closing
1-13 to occur at the mutual convenience of the parties and may contain
1-14 other terms negotiated by the General Services Commission and the
1-15 City of Austin.
1-16 (c) The General Services Commission may transfer the real
1-17 property only by a special warranty deed.
1-18 (d) Section 31.158, Natural Resources Code, does not apply
1-19 to the conveyance authorized by this section.
1-20 (e) The real property authorized for conveyance by this
1-21 section consists of the real property described as follows:
1-22 All of that certain tract or parcel of land situated within the
1-23 city limits of Austin, Travis County, Texas, being approximately
1-24 275 feet east and west and 270 feet north and south, lying directly
2-1 west of Guadalupe St., north of Third St., south of West Fourth
2-2 St., and east of San Antonio St., commonly known and designated on
2-3 the official map of the City of Austin, as the Old Courthouse and
2-4 Jail Block, as provided by Chapter 60, Acts 41st Legislature
2-5 approved March 20, 1930, and being more particularly described by
2-6 metes and bounds as follows: BEGINNING at a 1/2" rebar found at
2-7 the intersection of the south r.o.w. line of West 4th Street with
2-8 the west r.o.w. line of Guadalupe Street for the northeast corner
2-9 and PLACE OF BEGINNING hereof;
2-10 THENCE with the west r.o.w. line of Guadalupe Street, S 19 00'12" W
2-11 276.61 feet to a 1/2" rebar found for the southeast corner hereof;
2-12 THENCE with the north r.o.w. line of West 3rd Street, N 70 59'47" W
2-13 279.03 feet to a 60D nail found in concrete for the southwest
2-14 corner hereof;
2-15 THENCE with the east r.o.w. line of San Antonio Street, N 18 59'20"
2-16 E 276.64 feet to a 1/2" rebar found for the northeast corner
2-17 hereof;
2-18 THENCE with the south r.o.w. line of West 4th Street, S 70 59'25" E
2-19 279.10 feet to the PLACE OF BEGINNING.
2-20 SECTION 2. The General Services Commission shall deposit the
2-21 proceeds from the conveyance authorized by this Act in the state
2-22 treasury to the credit of an interest and sinking fund account.
2-23 The funds shall be used only by the General Services Commission for
2-24 repayment of the outstanding bonds related to the real property
2-25 described by Section 1(e) of this Act.
2-26 SECTION 3. The importance of this legislation and the
2-27 crowded condition of the calendars in both houses create an
3-1 emergency and an imperative public necessity that the
3-2 constitutional rule requiring bills to be read on three several
3-3 days in each house be suspended, and this rule is hereby suspended,
3-4 and that this Act take effect and be in force from and after its
3-5 passage, and it is so enacted.