Bill Text: TX SB1349 | 2019-2020 | 86th Legislature | Enrolled
Bill Title: Relating to authorizing the sale of certain real property by the Texas Facilities Commission on behalf of the state.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Passed) 2019-05-22 - Effective immediately [SB1349 Detail]
Download: Texas-2019-SB1349-Enrolled.html
S.B. No. 1349 |
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relating to authorizing the sale of certain real property by the | ||
Texas Facilities Commission on behalf of the state. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. (a) Subject to Subsections (b), (c), and (d) of | ||
this section, the Texas Facilities Commission on behalf of the | ||
state may convey the real property described by Section 2 of this | ||
Act. | ||
(b) The real property described by Section 2 of this Act may | ||
not be conveyed by the Texas Facilities Commission on behalf of the | ||
state for an amount less than the fair market value of the real | ||
property. The fair market value of the real property must be | ||
established by an independent appraisal obtained by the asset | ||
management division of the General Land Office. | ||
(c) The General Land Office shall negotiate and close a | ||
transaction under this section on behalf of the Texas Facilities | ||
Commission under Section 31.158, Natural Resources Code. | ||
(d) The sale of the real property authorized by this section | ||
must comply with 26 C.F.R. Sections 1.141-12(a), (b), (c), and (e). | ||
This subsection prevails to the extent of any conflict between this | ||
subsection and any provision of this Act or any other law. | ||
SECTION 2. The real property is situated in Travis County, | ||
Texas, and more particularly described as follows: | ||
(i) the tracts or parcels of land described in Austin, | ||
Travis County, Texas, described in Exhibit I, attached hereto, | ||
including all improvements on or under the land and all Grantor's | ||
right, title and interest in and to adjacent streets, alleys and | ||
rights-of-way, and adjacent strips and gores of real estate, and | ||
all rights, titles, and interests appurtenant to the land and | ||
improvements; | ||
(ii) all licenses and rights, if any, whether surface, | ||
subterranean, or aerial, pertinent to use of the land, improvements | ||
or personalty, including, without limitation, the licenses | ||
described in Exhibit II attached hereto and made a part hereof; | ||
subject to zoning laws, regulations and ordinances of municipal and | ||
other governmental authorities, if any, affecting the above | ||
described Property and all the exceptions described in Exhibit III | ||
attached hereto and made a part hereof, hereinafter called the | ||
"Permitted Exceptions." | ||
EXHIBIT I | ||
TRACT ONE: | ||
Lots 1-12, Block 27, of the Original City of Austin, in Travis | ||
County, Texas, according to the map or plat of the Original City | ||
filed in the General Land Office of the State of Texas, together | ||
with the adjoining alley, vacated in Vol. 4026, Page 1564, of the | ||
Deed Records of Travis County, Texas. Said Lots 7-12, also known as | ||
the Resubdivision of North Half of Block 27, a subdivision in Travis | ||
County, Texas, according to map or plat of record in Volume 3, Page | ||
47, of the Plat Records of Travis County, Texas, and being the same | ||
property more fully described in the attached Exhibit I-A. | ||
EXHIBIT I-A | ||
METES AND BOUNDS DESCRIPTION | ||
BEING ALL OF BLOCK 27 OF THE ORIGINAL CITY OF AUSTIN, AND | ||
BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: | ||
BEGINNING at an "X" found cut in concrete at the intersection | ||
of the south r.o.w. line of West 4th Street with the east r.o.w. | ||
line of Guadalupe Street for the northwest corner and PLACE OF | ||
BEGINNING hereof; | ||
THENCE with the south r.o.w. line of West 4th Street, S 70° 56' | ||
34" E 277.20 feet to an "X" found cut in concrete for the northeast | ||
corner hereof; | ||
THENCE with the west r.o.w. line of Lavaca Street, S 18° 58' | ||
53" W 276.48 feet to a punch hole set in the concrete surface of a | ||
trap door for the southeast corner corner; | ||
THENCE with the north r.o.w. line of West 3rd Street, N 70° 57' | ||
34" W 277.42 feet to a concrete nail set in concrete for the | ||
southwest corner hereof; | ||
THENCE with the east r.o.w. line of Guadalupe Street, N 19° | ||
01' 37" E 276.56 feet to the PLACE OF BEGINNING and containing 1.76 | ||
acres of land, more or less. | ||
EXHIBIT II | ||
License Agreement dated February 11, 1983, by and between the | ||
City of Austin, Licensor and John P. Watson, Trustee, Licensee of | ||
record in Volume 8039, Page 113, and in Volume 8027, Page 572, of | ||
the Deed Records of Travis County, Texas, said agreement having | ||
been modified by instrument recorded in Volume 8304, Page 865, Real | ||
Property Records of Travis County, Texas and having been | ||
transferred by instrument recorded in Volume 8632, Page 946, Real | ||
Property Records of Travis County, Texas. (Tract One). | ||
EXHIBIT III | ||
1. Sidewalk easement granted to the City of Austin, as | ||
described and located by instrument recorded in Volume 10027, Page | ||
673, Real Property Records of Travis County, Texas. (Tract One) | ||
2. All terms, conditions and provisions of that certain | ||
License Agreement dated February 11, 1983 by and between the City of | ||
Austin, Licensor and John P. Watson, Trustee, Licensee and recorded | ||
in Volume 8039, Page 113 and Volume 8027, Page 572 of the the Real | ||
Property Records of Travis County, Texas. Said agreement having | ||
been modified by instrument recorded in Volume 8304, Page 865, Real | ||
Property Records of Travis County, Texas. Said agreement having | ||
been transferred by instrument recorded in Volume 8632, Page 946, | ||
Real Property Records of Travis County, Texas. (Tract One) | ||
3. Steps protruding into a portion of West Third Street and | ||
Lavaca Street and fire hydrant valve caps located in the extreme | ||
southerly corner of subject property as shown on survey dated | ||
November 16, 1990, revised December 20, 1990, prepared by James | ||
M. Grant, RPS. (Tract One) | ||
4. Outside face of exterior wall of parking structure below | ||
grade protruding into Lavaca Street a maximum of 0.35 feet | ||
receeding to no protrusion along the East face of the exterior wall | ||
of the parking structure as shown on survey dated November 16, 1990, | ||
revised December 20, 1990, prepared by James M. Grant, RPS. (Tract | ||
One) | ||
SECTION 3. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2019. | ||
______________________________ | ______________________________ | |
President of the Senate | Speaker of the House | |
I hereby certify that S.B. No. 1349 passed the Senate on | ||
April 17, 2019, by the following vote: Yeas 31, Nays 0. | ||
______________________________ | ||
Secretary of the Senate | ||
I hereby certify that S.B. No. 1349 passed the House on | ||
May 10, 2019, by the following vote: Yeas 132, Nays 9, two | ||
present not voting. | ||
______________________________ | ||
Chief Clerk of the House | ||
Approved: | ||
______________________________ | ||
Date | ||
______________________________ | ||
Governor |