83R25552 E
 
  By: Watson S.B. No. 1023
 
  (Naishtat)
 
  Substitute the following for S.B. No. 1023:  No.
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the renewal and extension and modification of a 99-year
  lease of certain state property to the City of Austin.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Chapter 34 (H.B. 215), General Laws, Acts of the
  33rd Legislature, Regular Session, 1913, is amended by amending
  Section 2 and adding Sections 2A and 2B to read as follows:
         Sec. 2.  That the State of Texas hereby cedes and grants to
  the City of Austin the plot or square of land described in Section 1
  of the Act for a period of ninety-nine years beginning on August 15,
  2016, [from the taking effect hereof] and said City through its
  municipal authorities, be and the same is hereby authorized and
  empowered to:
               (1)  establish, operate and maintain upon the land
  described by Section 1 of this Act [said block bounded on the North
  by Fifth street, on the south by Fourth street, on the East by
  Guadalupe street, and on the West by San Antonio street,] a
  municipal auditorium and market, in which auditorium, theatres,
  operas, concerts, lectures, fairs, shows and public exhibitions and
  entertainments generally can be conducted with or without pay; and
  in this market all kinds of produce may be bought and sold either in
  the open square or in a market house constructed thereon; and
               (2)  construct, operate, and maintain public amenities
  on the land described by Section 1 of this Act.
         Sec. 2A.  (a)  Subject to Section 2B of this Act, the State
  of Texas grants to the City of Austin for a period of 99 years
  beginning on August 15, 2016, a lease of the property described as
  follows:
               (1)  Tract 1.  Wooldridge Park.  The northwest Public
  Square now known as Wooldridge Park, bounded on the north by
  Mulberry Street (now W. 10th Street), on the east by Guadalupe
  Street, on the south by Ash Street (now W. 9th Street), and on the
  west by San Antonio Street, and being 276 feet square, as delineated
  on the map titled "Plan of the City of Austin 1840" filed in the
  General Land Office; and
               (2)  Tract 2.  Brush Park.  The southeast Public Square
  now known as Brush Park, bounded on the north by Pine Street (now E.
  5th Street), on the east by Neches Street, on the south by Cedar
  Street (now E. 4th Street), and on the west by Trinity Street, and
  being 276 feet square as delineated on the map titled "Plan of the
  City of Austin 1840" filed in the General Land Office.
         (b)  Except as provided by Subsection (c) of this section,
  the City of Austin may only use the tracts described by Subsection
  (a) of this section as municipal parks in which:
               (1)  theatres, operas, concerts, lectures, fairs,
  shows, and public exhibitions and entertainments generally can be
  conducted with or without pay; and
               (2)  produce may be bought and sold.
         (c)  The City of Austin may construct, operate, and maintain
  public amenities on the tracts described by Subsection (a) of this
  section.
         Sec. 2B.  (a)  The[; provided, however, that the] state does
  not by this Act part with any title, color of title or interest
  which it now owns in the property described in this Act [bill],
  except as granted herein.
         (b)  In the event, however, the City of Austin should fail to
  use the property [plot of land] described in Section 1 or 2A(a)(1)
  or (2) of this Act [herein] for the purpose or purposes designated,
  that property [the same] shall revert to the State as upon breach of
  condition subsequent.
         (c)  The legislature, by concurrence of both houses, may
  terminate the lease, or a portion thereof, at any time for any
  reason.
         SECTION 2.  This Act takes effect August 15, 2016.