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R-10-09-09-14A - 9/9/2010RESOLUTION NO. R -10-09-09-14A WHEREAS, the City of Round Rock ("City") has previously entered into a Contract for Sale with Jimmy Nassour ("Contract") for the purchase of 43.0538 acres of land located near the intersection of Sunrise Road and University Boulevard, and WHEREAS, on the 5th day of May, 2010, the City Council entered into a First Amendment to the Contract to extend the Inspection Period to August 16, 2010, and WHEREAS, on the 12th day of August, 2010, the City Council entered into a Second Amendment to the Contract to extend the Inspection Period to September 15, 2010, and WHEREAS, the City Council now wishes to terminate the Contract, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the City Manager is hereby authorized and directed to give written notice to the Seller terminating the Contract for Sale. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. RESOLVED this 9th day of September, 2010. ATTEST: • SARA L. WHITE, City Secretary O:\wdox\SCCInts\0112\ 1005\MUNICIPAL\00202059.DOC/sls ALAN MCGRAW, Mayor City of Round Rock, Texas