HomeMy WebLinkAboutRes 2018-04-434 Land Exchange with Jonic Investments for Municipal FaciltiesCITY OF ANNA, TEXAS
RESOLUTION V`IO.
A RESOLUTION OF THE CITY OF ANNA, TEXAS, APPROVING A LAND
EXCHANGE FOR PROPERTY OWNED BY JOV` W INVESTMENTS, LLC, A TE)CAS
LIMITED LIABILITY COMPANY FOR PROPERTY CURRENTLY USED AS CITY
HALL FOR THE CITY OF ANNA.
WHEREAS, the City Council of the City of Anna, Texas ("City Council'), has found that
the property owned by Jonic Investments, LLC, a Texas limited liability company is
needed for the city hall project; and,
WHEREAS, Jonic Investments, LLC, a Texas limited liability company is willing to
trade land owned for property currently owned by the City of Anna that is currently
being used as city hall; and
WHEREAS, Jonic Investments, LLC, a Texas limited liability company is willing to
leaseback city hall to the City until the new proposed city hall is constructed; and
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ANNA, TEXAS, THAT:
Section 1. Recitals Incorporated.
The recitals above are incorporated herein as if set forth in full for all purposes.
Section 2. Authorization to convey property and execute agreement.
The City Council hereby approves the conveyance and granting of fee simple title to
Jonic Investments, LLC, a Texas limited liability company by warranty deed in exchange
for the conveyance and granting to the City by Jonic Investments, LLC, a Texas limited
liability company by warranty deed and the City Council further hereby authorizes,
approves, and ratifies the City's duly authorized agents, including the Mayor or City
Manager, to execute or to have executed all required instruments to accomplish the land
exchange identified in this resolution.
PASSED AND APPROVED by the City Council of the City of Anna, Texas, on this the
24th day of April 2018.
ATTEST: ) APPROVED:
City Secretary, Carrie L. Smith\~: •••ti Mayor, Nate Pike
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