By Maxey                                              H.B. No. 3419
         76R9393 T                           
                                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)  The purchase and sale agreement relating to the
 1-9     conveyance authorized by this section shall be for:
1-10                 (1)  Cash consideration in an amount no less than equal
1-11     to the fair market value of the property as established by an
1-12     independent appraisal obtained by the General Services Commission;
1-13                 (2)  Closing to occur at the mutual convenience of the
1-14     parties; and
1-15                 (3)  may require other terms and conditions negotiated
1-16     by the General Services Commission and the City of Austin.
1-17           (c)  The General Services Commission may transfer the real
1-18     property only by a special warranty deed.
1-19           (d)  Section 31.158, Natural Resources Code, does not apply
1-20     to the conveyance authorized by this section.
1-21           (e)  The real property is described as:
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     east 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 proceeds from the conveyance shall be
2-21     deposited in the state treasury and may be used only by the General
2-22     Services Commission for deposit into the interest and sinking fund
2-23     of the outstanding bonds related to the real property described in
2-24     Section 1(e) hereof in amounts sufficient to defease said bonds.
2-25           SECTION 3.  The importance of this legislation and the
2-26     crowded condition of the calendars in both houses create an
2-27     emergency and an imperative public necessity that the
 3-1     constitutional rule requiring bills to be read on three several
 3-2     days in each house be suspended, and this rule is hereby suspended,
 3-3     and that this Act take effect and be in force from and after its
 3-4     passage, and it is so enacted.