AN ACT
1-1 relating to authorizing the General Services Commission to convey
1-2 certain state-owned property to the City of Austin.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. (a) The General Services Commission, subject to
1-5 the approval of the Legislative Budget Board and Office of the
1-6 Governor, may convey, on behalf of the state, the state's interest
1-7 in the real property described by Subsection (e) of this section to
1-8 the City of Austin.
1-9 (b) The purchase and sale agreement relating to the
1-10 conveyance authorized by this section shall be for:
1-11 (1) cash consideration in an amount no less than equal
1-12 to the fair market value of the property as established by an
1-13 independent appraisal obtained by the General Services Commission;
1-14 (2) closing to occur at the mutual convenience of the
1-15 parties; and
1-16 (3) may require other terms and conditions negotiated
1-17 by the General Services Commission and the City of Austin.
1-18 (c) The General Services Commission may transfer the real
1-19 property only by a special warranty deed.
1-20 (d) Section 31.158, Natural Resources Code, does not apply
1-21 to the conveyance authorized by this section.
1-22 (e) The real property is described as:
1-23 All of that certain tract or parcel of land situated within the
1-24 city limits of Austin, Travis County, Texas, being approximately
2-1 275 feet east and west and 270 feet north and south, lying directly
2-2 west of Guadalupe St., north of Third St., south of West Fourth
2-3 St., and east of San Antonio St., commonly known and designated on
2-4 the official map of the City of Austin, as the Old Courthouse and
2-5 Jail Block, as provided by Chapter 60, Acts 41st Legislature
2-6 approved March 20, 1930, and being more particularly described by
2-7 metes and bounds as follows: BEGINNING at a 1/2" rebar found at
2-8 the intersection of the south r.o.w. line of West 4th Street with
2-9 the west r.o.w. line of Guadalupe Street for the northeast corner
2-10 and PLACE OF BEGINNING hereof;
2-11 THENCE with the west r.o.w. line of Guadalupe Street, S 19 00'12" W
2-12 276.61 feet to a 1/2" rebar found for the southeast corner hereof;
2-13 THENCE with the north r.o.w. line of West 3rd Street, N 70 59'47" W
2-14 279.03 feet to a 60D nail found in concrete for the southwest
2-15 corner hereof;
2-16 THENCE with the east r.o.w. line of San Antonio Street, N 18 59'20"
2-17 E 276.64 feet to a 1/2" rebar found for the northeast corner
2-18 hereof;
2-19 THENCE with the south r.o.w. line of West 4th Street, S 70 59'25" E
2-20 279.10 feet to the PLACE OF BEGINNING.
2-21 SECTION 2. The proceeds from the conveyance shall be
2-22 deposited in the state treasury and may be used only by the General
2-23 Services Commission for deposit into the interest and sinking fund
2-24 of the outstanding bonds related to the real property described in
2-25 Subsection (e), Section 1, of this Act in amounts sufficient to
2-26 defease said bonds.
3-1 SECTION 3. The importance of this legislation and the
3-2 crowded condition of the calendars in both houses create an
3-3 emergency and an imperative public necessity that the
3-4 constitutional rule requiring bills to be read on three several
3-5 days in each house be suspended, and this rule is hereby suspended,
3-6 and that this Act take effect and be in force from and after its
3-7 passage, and it is so enacted.
_______________________________ _______________________________
President of the Senate Speaker of the House
I hereby certify that S.B. No. 1446 passed the Senate on
April 26, 1999, by the following vote: Yeas 30, Nays 0; and that
the Senate concurred in House amendment on May 18, 1999, by a
viva-voce vote.
_______________________________
Secretary of the Senate
I hereby certify that S.B. No. 1446 passed the House, with
amendment, on May 11, 1999, by the following vote: Yeas 148,
Nays 0, two present not voting.
_______________________________
Chief Clerk of the House
Approved:
_______________________________
Date
_______________________________
Governor