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HomeMy WebLinkAboutPO 6392: SPECIAL WARRANTY DEED TO GEORGE FREUND P.O. No. 6392 8/1/14 vrt ORDINANCE NO. AN ORDINANCE AUTHORIZING THE EXECUTION OF A SPECIAL WARRANTY DEED TO GEORGE FREUND AS IT PERTAINS TO THE PROPERTY LOCATED AT PLEASURE PIER SEA CABINS, PHASE II . WHEREAS, the Pleasure Island Commission is the owner of property known as Pleasure Island Sea Cabins; and WHEREAS, various individuals have purchased units at that location; however, the original arrangement only provided those individuals with ninety-nine year leases; and WHEREAS, in order for owners with the ninety-nine year leases to convey the property to prospective buyers, it is necessary for a Special Warranty Deed to be granted; and WHEREAS, Unit 222, Building B was transferred to the current owner George Freund via the ninety-nine year lease; and WHEREAS, there is now a prospective buyer for Unit 222; and WHEREAS, in order to facilitate the closing on said property, it is necessary to do so by the conveyance of a Special Warranty Deed to George Freund, who was previously provided a ninety-nine (99) year lease for said property. NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR, TEXAS: Section 1 . That the facts and opinions in the preamble are true and correct. Section 2 . That the City Manager is authorized to execute the Special Warranty Deed to George Freund as delineated in Exhibit "A". Section 3. That a copy of the caption of this Ordinance be spread upon the Minutes of the City Council . Section 5 . That the ordinance shall be effective immediately. READ, ADOPTED AND APPROVED on this day of August A. D. , 2014, at a Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: AYES: Mayor: Councilmembers : NOES: Deloris "Bobbie" Prince, Mayor ATTEST: City Secretary s.po6392 APPROVED AS TO FORM: 7:/df /(--) City Attorney/ APPROVED FOR ADMINISTRATION: John A. Comeaux, P. E. , Interim City Manager s.po6392 EXHIBIT "A" , WILL BE PRESENTED AT THE COUNCIL MEETING s.po6392