ORDER N0. 14596
ORDER AUTHORIZING PAYMENT OF KERR COUNTY'S ONE-HALF OF PURCHASE
PRICE FOR 90.5406 ACRES OF LAND FOR I~4PROVEMENT OF AIRPORT
On this the 8th day of February, 1982 came on to be heard
and considered by the Court the matter of authorizing the payment of
Kerr County's one half of the purchase price and related closing
costs resulting from the purchase of 90.5406 acres of land from
J. T. Williams et al pursuant to an earnest money contract heretofore
entered into by the City of Kerrville and Kerr County, which land
is required for airport improvements; and it appearing to the Court
that at the time of closing the transaction for the aforesaid land
purchase for an approximate purchase price of $293,800.00, Kerr
County will be required to pay one half thereof, less $2,500.00
previously paid as per earnest money contract, namely $144,400.00
plus one half of the purchasers' final closing costs, it is ordered
on motion by Commissioner Speakmon seconded by Commissioner
~ii,n~ and unanimously approved by the Court that upon
final determination of the total amount of Kerr County's one half
due at the time of final closing on or about February 15, 1982,
that vouchers payable to Fidelity Abstract and Title Company be
drawn as follows:
$75,000.00 on the Revenue Sharing Trust Fund and the
remaining portion of the balance due on the General Fund.
Order No. 14596
ORDER AUTHORIZING PAYP4ENT OF
KERB COUNTY'S ONE-HALF OF PURCHASE
PRICE FOR 90.5406 ACRES OF LAND
FOP. ItgPROVEMENT OF AIRPORT
2_g-1982
Vol. P, Page 163