12 - LCAD request to approve the purchase of the downtown Peoples Bank Building

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purchase of these properties described in this resolution for a permanent loan, subject to approval by three fourths of the taxing units entitled to adopt resolutions pursuant to the Texas Property Tax Code §6.051; and WHEREAS, Texas Property Tax Code §6.051(b) provides that the purchase or lease of real property by an appraisal district must be approved by three fourths of the governing bodies entitled to adopt resolutions pursuant to that section; and NOW THEREFORE BE IT RESOLVED, that on the date shown below, the Board of Directors of the Lamar County Appraisal District proposes, in accordance with the Texas Property Tax Code §6.051, to acquire 35 South Plaza and 214 SW 1St Street in Paris, Texas, described in this resolution, for an amount not to exceed $625,000.00, not including closing costs, if any and to acquire a permanent loan in an amount not to exceed $625,000.00 for the purchase of the above properties described in this resolution, all subject to the approval of three fourths of the taxing units entitled to adopt resolutions pursuant to the Texas Property Tax Code §6.051 and MUST be voted on and submitted to the appraisal district within 30 days of the date of this resolution.. BE IT FURTHER RESOLVED, that the Chief Appraiser is directed to notify the presiding officer of each governing body entitled to vote on the approval of this proposal by delivering a copy of this resolution together with information showing the costs of other available alternative to this proposal. BE IT FURTHER RESOLVED, that the Chief Appraiser is directed to carry out all other activities in furtherance of this resolution. Adopted this 29'�," day of May, 2019 Board Memeber