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R-2674-11-07RESOLUTION NO. 2674-11-07(R) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY TEXAS, APPROVING THE CONVEYANCE OF A PORTION OF LAND BY THE ARTS OF COLLIN COUNTY COMMISSION, INC. TO THE CITY OF ALLEN, COLLIN COUNTY, TEXAS TO CONSTRUCT AND MAINTAIN EXCHANGE PARKWAY AND RIDGEVIEW DRIVE AND RELATED PUBLIC UTILITIES; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Arts of Collin County Commission, Inc. (hereafter "ACC') is the owner of the property identified in Exhibits "A" and "B," attached hereto; and, WHEREAS, the ACC has approved the dedication of the property attached hereto in Exhibits "A" and "B" to the City of Allen for the purpose of the construction and maintenance of public streets and utilities; and, WHEREAS, the City of Allen is one of the Owners of the ACC, and in accordance with the terms and conditions of the Agreement entered into by and between the Cities of Allen, Frisco and Plano in 2004, each city must approve of any disposal of an asset that exceeds $50,000 in value; and, WHEREAS, the City Council of the City of Allen finds that the asset proposed to be dedicated by the ACC is at least $5,000 in value and the City approves of the action of the ACC and find.; that the dedication is in the best interest of the ACC and will improve access and use of the ACC property. ' NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, THAT: SECTION 1. The recitals set forth above are true and correct and are adopted herein verbatim as if fully set forth at length. SECTION 2. The City Council of the City of Allen approves of the dedication of property for the construction and maintenance of public streets and utilities as set forth in Exhibits "A" and `B" to the City of Allen. SECTION 3. Should any sentence, paragraph, subdivision, clause, phrase or section of this Resolution be adjudged or held to be unconstitutional, illegal or invalid, the same shall not affect the validity of this Resolution as a whole, or any part of provisions thereof other than the part so decided to be invalid, illegal or unconstitutional. SECTION 4. This Resolution shall become effective immediately from and after its passage. DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, ON THIS THE 13TH DAY OF NOVEMBER, 2007. APPRO,D: 'tephen errell, MAYOR ATTEST; Shelley B. Georeor ge,6CITY SECRETAIW