R-2514-4-06RESOLUTION NO. 2514-4-06(R)
' A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, APPROVING THE REAL ESTATE TRANSACTION
REQUESTED BY THE BOARD OF DIRECTORS OF THE CENTRAL APPRAISAL
DISTRICT OF COLLIN COUNTY, AS PASSED IN THEIR RESOLUTION DATED
APRIL 5,2006; AND PROVIDING FOR AN EFFCTIVE DATE.
WHEREAS, 6.051(a) of the Texas Property Tax Code authorizes the Board of Directors to establish an
appraisal office, by purchase, lease or construction of improvements as necessary; and,
WHEREAS, the Board of Directors of the Central Appraisal District of Collin County passed a resolution on
April 5, 2006, awarding a contract to Cornerstone Development in the amount not to exceed $6,650,000, for
the purchase of 8.22 acres with a new, to be constructed office building, located at the northeast comer of
Eldorado Parkway and College Street, McKinney; and,
WHEREAS, the Board of Directors' resolution, in accordance with 6.051(b) of the Texas Property Tax
Code, made the contract award to Cornerstone Development subject to approval by three-fourths of the voting
taxing units within the appraisal district.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALLEN,
COLLIN COUNTY, TEXAS, THAT:
SECTION 1. The City Council hereby approves the real estate transaction requested by the Board of
' Directors of Central Appraisal District of Collin County, as passed in their resolution dated April 5, 2006.
SECTION 2. This resolution shall become effective from and after its passage.
DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, ON THIS THE 25ru DAY OF APRIL, 2006.
APPROVED:
Stephen'Terrell, MAYOR
ATTEST:
Shelley B. Geo , TRMC, CITY SECETARY