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AN ACT
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relating to authorizing the sale of certain real property by the |
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Texas Facilities Commission on behalf of the state. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. (a) Subject to Subsections (b), (c), and (d) of |
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this section, the Texas Facilities Commission on behalf of the |
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state may convey the real property described by Section 2 of this |
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Act. |
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(b) The real property described by Section 2 of this Act may |
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not be conveyed by the Texas Facilities Commission on behalf of the |
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state for an amount less than the fair market value of the real |
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property. The fair market value of the real property must be |
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established by an independent appraisal obtained by the asset |
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management division of the General Land Office. |
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(c) The General Land Office shall negotiate and close a |
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transaction under this section on behalf of the Texas Facilities |
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Commission under Section 31.158, Natural Resources Code. |
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(d) The sale of the real property authorized by this section |
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must comply with 26 C.F.R. Sections 1.141-12(a), (b), (c), and (e). |
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This subsection prevails to the extent of any conflict between this |
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subsection and any provision of this Act or any other law. |
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SECTION 2. The real property is situated in Travis County, |
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Texas, and more particularly described as follows: |
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(i) the tracts or parcels of land described in Austin, |
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Travis County, Texas, described in Exhibit I, attached hereto, |
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including all improvements on or under the land and all Grantor's |
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right, title and interest in and to adjacent streets, alleys and |
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rights-of-way, and adjacent strips and gores of real estate, and |
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all rights, titles, and interests appurtenant to the land and |
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improvements; |
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(ii) all licenses and rights, if any, whether surface, |
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subterranean, or aerial, pertinent to use of the land, improvements |
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or personalty, including, without limitation, the licenses |
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described in Exhibit II attached hereto and made a part hereof; |
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subject to zoning laws, regulations and ordinances of municipal and |
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other governmental authorities, if any, affecting the above |
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described Property and all the exceptions described in Exhibit III |
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attached hereto and made a part hereof, hereinafter called the |
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"Permitted Exceptions." |
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EXHIBIT I |
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TRACT ONE: |
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Lots 1-12, Block 27, of the Original City of Austin, in Travis |
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County, Texas, according to the map or plat of the Original City |
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filed in the General Land Office of the State of Texas, together |
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with the adjoining alley, vacated in Vol. 4026, Page 1564, of the |
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Deed Records of Travis County, Texas. Said Lots 7-12, also known as |
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the Resubdivision of North Half of Block 27, a subdivision in Travis |
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County, Texas, according to map or plat of record in Volume 3, Page |
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47, of the Plat Records of Travis County, Texas, and being the same |
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property more fully described in the attached Exhibit I-A. |
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EXHIBIT I-A |
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METES AND BOUNDS DESCRIPTION |
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BEING ALL OF BLOCK 27 OF THE ORIGINAL CITY OF AUSTIN, AND |
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BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: |
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BEGINNING at an "X" found cut in concrete at the intersection |
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of the south r.o.w. line of West 4th Street with the east r.o.w. |
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line of Guadalupe Street for the northwest corner and PLACE OF |
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BEGINNING hereof; |
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THENCE with the south r.o.w. line of West 4th Street, S 70° 56' |
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34" E 277.20 feet to an "X" found cut in concrete for the northeast |
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corner hereof; |
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THENCE with the west r.o.w. line of Lavaca Street, S 18° 58' |
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53" W 276.48 feet to a punch hole set in the concrete surface of a |
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trap door for the southeast corner corner; |
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THENCE with the north r.o.w. line of West 3rd Street, N 70° 57' |
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34" W 277.42 feet to a concrete nail set in concrete for the |
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southwest corner hereof; |
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THENCE with the east r.o.w. line of Guadalupe Street, N 19° |
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01' 37" E 276.56 feet to the PLACE OF BEGINNING and containing 1.76 |
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acres of land, more or less. |
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EXHIBIT II |
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License Agreement dated February 11, 1983, by and between the |
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City of Austin, Licensor and John P. Watson, Trustee, Licensee of |
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record in Volume 8039, Page 113, and in Volume 8027, Page 572, of |
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the Deed Records of Travis County, Texas, said agreement having |
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been modified by instrument recorded in Volume 8304, Page 865, Real |
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Property Records of Travis County, Texas and having been |
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transferred by instrument recorded in Volume 8632, Page 946, Real |
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Property Records of Travis County, Texas. (Tract One). |
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EXHIBIT III |
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1. Sidewalk easement granted to the City of Austin, as |
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described and located by instrument recorded in Volume 10027, Page |
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673, Real Property Records of Travis County, Texas. (Tract One) |
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2. All terms, conditions and provisions of that certain |
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License Agreement dated February 11, 1983 by and between the City of |
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Austin, Licensor and John P. Watson, Trustee, Licensee and recorded |
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in Volume 8039, Page 113 and Volume 8027, Page 572 of the the Real |
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Property Records of Travis County, Texas. Said agreement having |
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been modified by instrument recorded in Volume 8304, Page 865, Real |
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Property Records of Travis County, Texas. Said agreement having |
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been transferred by instrument recorded in Volume 8632, Page 946, |
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Real Property Records of Travis County, Texas. (Tract One) |
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3. Steps protruding into a portion of West Third Street and |
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Lavaca Street and fire hydrant valve caps located in the extreme |
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southerly corner of subject property as shown on survey dated |
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November 16, 1990, revised December 20, 1990, prepared by James |
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M. Grant, RPS. (Tract One) |
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4. Outside face of exterior wall of parking structure below |
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grade protruding into Lavaca Street a maximum of 0.35 feet |
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receeding to no protrusion along the East face of the exterior wall |
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of the parking structure as shown on survey dated November 16, 1990, |
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revised December 20, 1990, prepared by James M. Grant, RPS. (Tract |
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One) |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2019. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I hereby certify that S.B. No. 1349 passed the Senate on |
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April 17, 2019, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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I hereby certify that S.B. No. 1349 passed the House on |
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May 10, 2019, by the following vote: Yeas 132, Nays 9, two |
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present not voting. |
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______________________________ |
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Chief Clerk of the House |
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Approved: |
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______________________________ |
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Date |
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______________________________ |
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Governor |