R-96-10-24-10C - 10/24/1996WHEREAS,the City Council has previously adopted by resolution
a 1996 -97 budget for the expenditure of hotel tax funds, and
WHEREAS,the Council wishes to investigate the feasibility of
developing a tourist attraction consisting of statues of a longhorn
cattle drive on the property located west of Chisholm Trail, north of
FM 620 and south of Brushy Creek, and
WHEREAS, an appraisal of the fair market value of said property
will be necessary to assist in determining the feasibility, and
WHEREAS, the Council wishes to amend the aforesaid budget in
order to provide for the appraisal, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS,
That the 1996 -97 budget for the expenditure of hotel tax funds
be amended to provide for an appraisal for the aforesaid property as
set forth in Exhibit "A" attached hereto and incorporated herein for
all purposes.
RESOLVED this 24th day of October, 1996.
ATTEST:
R•\ wPOOC S \RESOLOTI \RS61014C.WPD /s1e
1
LAND, City Secretary
RESOLUTION NO. R- 96- 10- 24 -10C
CHARLES CULPEPPER, Mayor
City of Round Rock, Texas
STAFF RESOURCE PERSON: Joanne Land
STAFF RECOMMENDATION:
DATE: October 22, 1996
SUBJECT: City Council Meeting - October 24, 1996
ITEM: 10.C. Consider a resolution amending the 1996 -1997 Hotel /Motel
Budget to provide for the appraisal of land west of Chisholm
Trail between RM620 and Brushy Creek.
As discussed at the last meeting, the Chamber of Commerce Tourism Committee
would like the City to consider purchasing property located between Highway 620,
the railroad tracks, Chisholm Trail and Brushy Creek for the proposed longhorn
statues project. In order to consider the recommendation an appraisal of the
property should be conducted. Staff recommends that the Council consider
amending the 1996 -1997 Hotel /Motel Budget by $15,000 to allow staff to get an
appraisal done on the property. The ending fund balance of the Hotel /Motel fund
will then be approximately $55,000.