Loading...
CM-2019-0221 - 7/19/2019REAL ESTATE CONTRACT Reynolds Drainage Easement THIS REAL ESTATE CONTRACT ("Contract") is made by and between SCOT REYNOLDS and SHANNA REYNOLDS, residing at 23 Evergreen Drive, Round Rock, Texas (referred to in this Contract as "Seller", whether one or more) and the CITY OF ROUND ROCK, TEXAS (referred to in this Contract as "Purchaser"), upon the terms and conditions set forth in this Contract. ARTICLE I PURCHASE AND SALE By this Contract, Seller sells and agrees to convey, and Purchaser purchases and agrees to pay for, a drainage easement for the tract of land described as follows: All of that certain 0.104 acre (4,523square foot) tract of land out of and situated in the Robert McNutt Survey, Abstract No. 422 in Williamson County, Texas; being more fully described in Exhibit "A", attached hereto and incorporated herein (the "Easement"); including any right, title and interest of Seller in any improvements and fixtures situated on and attached to the Easement described in Exhibit "A" not otherwise retained by Seller, for the consideration and upon and subject to the terms, provisions, and conditions set forth below. ARTICLE II PURCHASE PRICE Purchase Price 2.01. The Purchase Price for the Easement described in Exhibit "A", compensation for any improvements on the Easement, and for any damage or cost of cure for the reconfiguration of the remaining property of Seller shall be the sum of TWENTY THOUSAND and 00'100 Dollars ($20,000.00). Pa ent of Purchase Price 2.02. The Purchase Price shall be payable in cash at the Closing. 04426947 ss2 Al -,241- 02- Special Provisions 2.03. As an obligation which shall survive the Closing of this transaction, Purchaser agrees to abide by the following standards in maintaining the drainage facilities to be constructed in and on the Easement: (a) Facilities within and on the Easement established by Purchaser shall be maintained in accordance with applicable laws, ordinances, and regulations, and shall otherwise be kept in good repair and maintenance all at Purchaser's sole cost and expense. (b) The pool equipment and other appurtenances currently existing shall be allowed to remain within the Easement, but if said equipment or appurtenances are ever replaced by Seller, the pool equipment shall be relocated outside the Easement. ARTICLE III PURCHASER'S OBLIGATIONS Conditions to Purchaser's Obligations 3.01. The obligations of Purchaser hereunder to consummate the transactions contemplated hereby are subject to the satisfaction of each of the following conditions (any of which may be waived in whole or in part by Purchaser at or prior to the Closing). Miscellaneous Conditions 3.02. Seller shall have performed, observed, and complied with all of the covenants, agreements, and conditions required by this Contract to be performed, observed, and complied with by Seller prior to or as of the Closing. ARTICLE IV REPRESENTATIONS AND WARRANTIES OF SELLER 4.01. Seller hereby represents and warrants to Purchaser as follows, which representations and warranties shall be deemed made by Seller to Purchaser also as of the Closing Date, to the best of Seller's knowledge: (a) There are no parties in possession of any portion of the Easement as lessees, tenants at sufferance, or trespassers, other than previously disclosed to Purchaser; and (b) Seller has complied with all applicable laws, ordinances, regulations, statutes, rules and restrictions relating to the Easement, or any part thereof. FA ARTICLE V CLOSING Closing Date Z� 5.0I. The Closing shall be held at the office of Georgetown Title Company on or before July, 2019, or at such time, date, and place as Seller and Purchaser may agree upon, or within 10 days after the completion of any title curative matters if necessary for items as shown on the Title Commitment or in the contract (which date is herein referred to as the "CIosing Date"). The parties' respective obligations to proceed to Closing under this Contract are contingent on the delivery of a recordable instrument, executed by the beneficiary under any mortgage or security instrument encumbering the Easement (a "Mortgage"), releasing the lien of such Mortgage as to the Easement only. Seller's Obligations at Closing 5.02. At the Closing Seller shall: (a) Deliver to the City of Round Rock, Texas a duly executed and acknowledged Drainage Easement conveying this interest to all of the Easement described in Exhibit "A", free and clear of any mortgage liens. (b) Deliver to Purchaser a Texas Owner's Title Policy at Purchaser's sole expense, issued by Georgetown Title Company, in Purchaser's favor in the full amount of the Purchase Price, insuring Purchaser's interests in and to the Easement subject only to those title exceptions listed herein, such other exceptions as may be approved in writing by Purchaser, and the standard printed exceptions contained in the usual form of Texas Owner's Title Policy, provided, however: (i) The boundary and survey exceptions shall be deleted; (ii) The exception as to restrictive covenants shall be endorsed "None of Record", if applicable; and (iii) The exception as to the lien for taxes shall be limited to the year of closing and shall be endorsed "Not Yet Due and Payable". (c) Deliver to Purchaser possession of the Easement. Purchaser's Obligations at Closing 5.03. At the Closing, Purchaser shall pay the cash portion of the Purchase Price. Closing Costs 5.04. All costs and expenses of closing in consummating the sale and purchase of the Easement shall be borne and paid as follows: (a) Owner's Title Policy and survey to be paid by Purchaser. (b) Deed, tax certificates, and title curative matters, if any, paid by Purchaser. (c) All other closing costs shall be paid by Purchaser. (d) Attorney's fees paid by each respectively. ARTICLE VI BREACH BY SELLER In the event Seller shall fail to fully and timely perform any of its obligations hereunder or shall fail to consummate the sale of the Easement for any reason, except Purchaser's default, Purchaser may: (1) enforce specific performance of this Contract; or (2) request that the Escrow Deposit, if any, shall be forthwith returned by the title company to Purchaser. ARTICLE VII BREACH BY PURCHASER In the event Purchaser should fail to consummate the purchase of the Easement, the conditions to Purchaser's obligations set forth in Article III having been satisfied and Purchaser being in default and Seller not being in default hereunder, Seller shall have the right to receive the Escrow Deposit, if any, from the title company, the sum being agreed on as liquidated damages for the failure of Purchaser to perform the duties, liabilities, and obligations imposed upon it by the terms and provisions of this Contract, and Seller agrees to accept and take this cash payment as its total damages and relief and as Seller's sole remedy hereunder in such event. If no Escrow Deposit has been made then Seller shall receive the amount of $500 as liquidated damages for any failure by Purchaser. ARTICLE VIII MISCELLANEOUS Notice 8.01. Any notice required or permitted to be delivered hereunder shall be deemed received when sent by United States mail, postage prepaid, certified mail, return receipt requested, 4 addressed to Seller or Purchaser, as the case may be, at the address set forth opposite the signature of the party. Texas Law to Apply 8.02. This Contract shall be construed under and in accordance with the laws of the State of Texas, and all obligations of the parties created hereunder are performable in Williamson County, Texas. Parties Bound 8.03. This Contract shall be binding upon and inure to the benefit of the parties and their respective heirs, executors, administrators, legal representatives, successors and assigns where permitted by this Contract. Leual Construction 8.04. In case any one or more of the provisions contained in this Contract shall for any reason be held to be invalid, illegal, or unenforceable in any respect, this invalidity, illegality, or unenforceability shall not affect any other provision hereof, and this Contract shall be construed as if the invalid, illegal, or unenforceable provision had never been contained herein. Prior A reements Superseded 8.05. This Contract constitutes the sole and only agreement of the parties and supersedes any prior understandings or written or oral agreements between the parties respecting the within subject matter. Time of Essence 8.06. Time is of the essence in this Contract. Gender 8.07. Words of any gender used in this Contract shall be held and construed to include any other gender, and words in the singular number shall be held to include the plural, and vice versa, unless the context requires otherwise. Memorandum of Contract 8.08. Upon request of either party, the parties shall promptly execute a memorandum of this Contract suitable for filing of record. Compliance 8.09 In accordance with the requirements of Section 20 of the Texas Real Estate License Act, Purchaser is hereby advised that it should be furnished with or obtain a policy of title insurance or Purchaser should have the abstract covering the Easement examined by an attorney of Purchaser's own selection. Effective Date 8.10 This Contract shall be effective as of the date it is approved by the Round Rock city council or city manager, which date is indicated beneath the Mayor's or City Manager's signature below. Counterparts 8.11 This Contract may be executed in any number of counterparts, which may together constitute the Contract. Signatures transmitted by facsimile or electronic mail may be considered effective as originals for purposes of this Contract. [signature pagefollows] s] SCOT REYNOLDS SHANNA REYNOLDS Date: 7/1 t (I PURCHASER: CITY OF ROUND ROCK, TEXAS Laurie Hadi y, City Manager Date: _-act q 7 Address: 221 East Main Street Round Rock, Texas 78661 Exhibit "A" DRAINAGE EASEMENT THE STATE OF TEXAS § COUNTY OF WILLIAMSON § KNOW ALL BY THESE PRESENTS: That SCOT REYNOLDS AND SHANNA REYNOLDS (herein after referred to as "Grantor"), for and in consideration of the sum of Ten and No! 100 Dollars ($10.00) and other good and valuable consideration paid by the CITY OF ROUND ROCK, TEXAS, a municipal corporation situated in the County of Williamson and State of Texas ("Grantee"), the receipt and sufficiency of which is hereby acknowledged, does hereby GRANT, SELL and CONVEY unto Grantee certain rights and interests in the nature of a perpetual drainage easement and right-of-way in, upon, over, under, above and across the following described property: Being a 0.104 acre tract or parcel of land situated in the Robert McNutt Survey, Abstract No. 422, Williamson County, Texas, said 0.104 acre tract being described in Exhibit "A", attached hereto and incorporated herein (The "Easement Area"). The perpetual easement, right-of-way, rights and privileges herein granted shall be used for the purposes of operating, constructing and maintaining a permanent drainage easement, underground storm sewers, along with any structures, appurtenances, materials and grading which may be necessary, to facilitate the proper function of said storm sewers in, along, over, upon and across said premises described in Exhibit "A", together with the right and privilege of the Grantee herein, its agents, employees and representatives of ingress and egress to and from said premises from the adjacent right of way and property for the purpose of making any improvements, modifications or repairs which the City deems necessary. The perpetual easement, right-of-way, rights and privileges herein granted shall also encompass the right of Grantee to trim, cut, fell and remove therefrom all trees, underbrush, vegetation, and obstructions, structures or obstacles within the limits of the Easement Area, but only such as necessary to carry out the purposes of the easement; reserving to the landowners and their heirs and assigns, however, all such rights and privileges as may be used without interfering with or abridging the rights and purposes of the easement herein acquired by Grantee. Any such trees or vegetation cut by Grantee shall promptly be removed and properly disposed by Grantee. Any notice required by this Easement shall be given by Grantee to Grantor in the following manner: at least seven (7) days prior to accessing the premises in order to exercise its rights under this Easement, Grantee shall give written notice, by certified mail or e-mail to: 23 Evergreen Drive, Round Rock, Texas 78664. Notwithstanding the foregoing, after completion of construction, Grantee shall endeavor to, but not be required to, give Grantor notice of access related to repair and/or maintenance of the storm 00426951 ss2 sewers of an immediate nature made necessary by malfunction or failure. Furthermore, Grantee may perform inspection and/or internal maintenance of the storm sewers by entering the storm sewers with personnel and/or equipment below the surface of the Easement Area at any time without prior notification to Grantor. The pool equipment and other appurtenances currently existing shall be allowed to remain within the Easement Area, however, if said equipment or appurtenances are ever replaced by Grantor, the relocation shall be outside of the Easement Area. Grantor will allow Grantee, at Grantee's expense, to temporarily disconnect and remove the pool equipment, if deemed necessary by Grantee during construction. Upon completion of construction, Grantee shall be responsible, at Grantee's expense, for reinstalling the pool equipment within the Easement Area and ensuring the proper functioning of the equipment. In addition to the Easement, rights, and privileges herein granted, Grantee shall have the temporary right to use the surface of Grantor's adjacent property at a location limited to a variable width parallel and immediately adjacent to the Easement Area, and as further shown on the sketch which accompanies the description in Exhibit "A" attached hereto (the "Temporary Construction Easement"), to the extent necessary to construct and install the drainage facilities within the Easement Area. Grantee shall endeavor not to remove any trees along the east boundary of the Temporary Construction Easement, but may trim and remove any limbs or portions of said trees that overhang the Temporary Construction Easement that prevent or otherwise obstruct the use of the Temporary Construction Easement by vehicles, equipment, and personnel during construction. The duration of the Temporary Construction Easement shall be for a period of twelve (12) months from the date the Project begins on the Easement Area. Upon the completion of the construction, Grantee shall, as reasonably possible, restore the surface of the Temporary Construction Easement to the condition in which it was found before any such work was undertaken, and Grantee's right to use the Temporary Construction Easement shall thereupon terminate for all purposes. To the extent allowed by law, Grantee shall indemnify Grantor against any loss and damage which shall be caused by the exercise of the rights of ingress and egress or by any wrongful or negligent act or omission of Grantee's agents or employees in the course of their employment. Grantee shall be responsible for the correction of, or compensation for, any damage to Grantor's property which is the result of actions outside the granted purposes of this easement. TO HAVE AND TO HOLD the same, in perpetuity, in and to Grantee, and its successors and assigns, together with all and singular all usual and customary rights thereto in anywise belonging, and together with the right and privilege at any and all times to enter said premises, or any part thereof, for the purpose of constructing or maintaining said storm sewers and for making connections therewith. Grantor does hereby bind its heirs, executors, administrators and assigns to WARRANT AND FOREVER DEFEND, all and singular, the said premises unto Grantee, its successors and assigns, or under Grantors, but not otherwise. This conveyance is made subject to every person whomsoever lawfully claiming or to claim the same or any part thereof by, through existing matters of record affecting this Easement Area which are recorded in the Official Records of Williamson County, Texas. The perpetual easement, right-of-way, rights and privileges granted herein are exclusive, and Grantor covenants not to convey any other easement or conflicting rights within the premises covered by this grant that interfere with the purpose or function of any improvements placed thereon, or the maintenance of surface of the Easement Area for the conveyance of stormwater drainage without the express written consent of Grantee, which consent shall not be unreasonably withheld. EXECUTED on this the -day of 12019. (signalin•es on 1he follotiving page) ACKNOWLEDGMENT STATE OF TEXAS 1919=11161941 This instrument was acknowledged before me on this the _ day of .2019 Scot Reynolds, in the capacity and for the purposes and consideration recited herein. Notary Public, State of Texas Printed Name: My Commission Expires: 4. ACKNOWLEDGMENT STATE OF TEXAS This instrument was acknowledged before me on this the _ day of 12019 Shanna Reynolds, in the capacity and for the purposes and consideration recited herein. Notary Public, State of Texas Printed Name: My Commission Expires: GRANTEE CITY OF ROUND ROCK, TEXAS: By: Laurie Hadley City Manager ACKNOWLEDGMENT STATE OF TEXAS This instrument was acknowledged before me on this the _ day of , 2019 by Laurie Hadley, City Manager of Round Rock, Texas, in the capacity and for the purposes and consideration recited herein. After recording, please return to: Sheets & Crossfield, P.L.L.C. 309 East Main Street Round Rock, Texas 78664 C, Notary Public, State of Texas Printed Name: My Commission Expires EXHIBIT "A" Variable Width Drainage Easement METES AND BOUNDS DESCRIPTION OF A 0.104 ACRE TRACT OF LAND OUT OF THE SHANNA R. REYNOLDS AND SCOT R. REYNOLDS TRACT LOCATED IN WILLIAMSON COUNTY, TEXAS BEING A 0.104 ACRE TRACT OF LAND SITUATED IN THE ROBERT McNUTT SURVEY, ABSTRACT NO. 422, WILLIAMSON COUNTY, TEXAS; BEING A PART OF LOT 12, BLOCK TWO, GREENFIELDS, A SUBDIVISION RECORDED IN CABINET D, SLIDES 166-167, PLAT RECORDS OF WILLIAMSON COUNTY, TEXAS (P.R.W.C.T.); SAID 0.104 ACRE TRACT BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: COMMENCING at a 112 -inch rod found marking the common southwest corner of said Lot 12 and the northernmost north corner of Lot 11, Block Two, of said subdivision, said point also being on the east right-of-way (R.O.W.) line of Evergreen Drive (50' R.O.W.); THENCE with the common south line of said Lot 12 and the north line of said Lot 11, South 650 03' 41" East, a distance of 162.17 feet for the POINT OF BEGINNING and southwest corner of the herein described tract, and having Texas Central State Plane Coordinate System grid values of N=10,165,900.54, E=3,154,693.59; THENCE traveling through the interior of said Lot 12, with a line 24.5 feet west of and parallel with the east line of said Lot 12, the following two (2) calls: 1. (1-1) North 04° 32' 52" West, a distance of 73.64 feet to a calculated point for a corner of the herein described tract; 2. North 02° 06' 39" West, a distance of 224.32 feet to a calculated point on the north line of said Lot 12, for the northwest corner of the herein described tract, said point also being on the south line of a called 31.172 acre tract of land described in Warranty Deed to Travis D. Johnson , and wife, Edelgunde Johnson, and recorded in Volume 663, Page 164, Deed Records of Williamson County, Texas (D.R.W.C.T.), and from which a 112 - inch rod found marking the northwest corner of said Lot 12 bears South 890 09' 41" West, at a distance of 135.30 feet; THENCE with the common north line of said Lot 12 and the south line of said 31.172 acre tract, (1-2) North 89° 09' 41" East, a distance of 16.00 feet to a calculated point for the northeast comer of the herein described tract, and from which a 112 -inch rod found marking the common northeast corner of said Lot 12 and the southeast corner of said 31.172 acre tract, and being on the west line of Lot 11, Block A, Oak Bluff Estates Phase 2, a subdivision recorded in Cabinet F, Slides 253-259, P.R.W.C.T. bears (1-3) North 890 09' 41" East, at a distance of 9.50 feet, THENCE traveling through the interior of said Lot 12, with a line 9.5 feet west of and parallel with the east line of said Lot 12, the following two (2) calls: Pagel of 3 Exhibit "A" continued Description of a 0.104 acre tract 1. (L4) South 020 06' 39" East, a distance of 223.66 feet to a calculated point for a corner of the herein described tract; 2. (L5) South 040 32' 52" East, a distance of 81.80 feet to a calculated point for the southeast corner of the herein described tract, and from which a calculated point for the common southeast corner of said Lot 12 and the northeast corner of said Lot 11, Greenfields Subdivision bears (L6) South 65` 03'41" East, at a distance of 10.92 feet; THENCE with the common south line of said Lot 12 and the north line of said Lot 11, (L7) North 650 03' 41" West, a distance of 17.23 feet to the POINT OF BEGINNING and containing 0.104 acre of land more or less, based on the survey and exhibit drawing made by CP&Y, Inc. Temporary Construction Easement In addition, it is intended to create a variable width Temporary Construction Easement adjacent and parallel to the east line of the above-described Drainage Easement, This Temporary Construction Easement contains a computed area of 0-067 acre of land. This metes and bounds description is accompanied by an exhibit drawing. Basis of Bearings: Bearings are based on the Texas Central Zone Coordinate System, NAD '83 (HARK '93), which Is based upon the Allterra Trimble RTK Network, Surveyed in the yield during April & May of 2019. Daniel M. Flaherty, R.P.L.S. No. 5004 CP&Y, Inc. One Chisholm Trail, Suite 130 Round Rock, Texas 78681 Ph. (512) 248-0065 TBPLS Firm No. 10994125 See attached Plat No. A-5193 1800899-A5193- FN02.doc Page 2 of 3 OF A," X 4'STe .... 50041 -Q- S 06-03-2019 Date EXHIBIT "A" DRAWING TO ACCOMPANY METES AND BOUNDS DESCRIPTION OF A 15 FOOT WIDE (0.104 ACRE) DRAINAGE EASEMENT AND A 9.5 FOOT WIDE (0.067 ACRE) TEMPORARY CONSTRUCTION EASEMENT LOCATED IN THE ROBERT McNUTT SURVEY, ABSTRACT NO. 422, WILLIAMSON COUNTY, TEXAS, AND BEING PART OF LOT 12, BLOCK TWO, GREENFIELDS SUBDIVISION, RECORDED IN CABINET D, SLIDES 166-167, PLAT RECORDS, WILLIAMSON COUNTY, TEXAS CALLED 31.172 ACRES TRAVIS D. JOHNSON, AND WIFE, EOELGUNDE JOHNSON CR 123 VOL. 663, PG. 164 SITEI•.. FILED: °MARRCH 17. 1977 LOCATION MAP SCALE. 1 = 100' SUBDIVISION LINE S 99'09'41' 135.30 4�aa P�5 LOT 10 BLOCK ONE FIELD NOTE COMMENCING POINT 15 FOOT WIDE DRAINAGE EASEMENT 0.104 ACRE IQ LINE TABLE UNE BEARING DIST. L-1 N 04'32'52" W 73.64' L-2 N 89'09'41' E 15.00' L-3 N 8909'41" E 9.50- L-4 S 02'0639" E 223.66- L-5 S 04.32'52' E 81.80' L-6 S 6503'41' E 10.92- L-7 N 65'03'41" W 17.23' SUBDIVISION LINE S 99'09'41' 135.30 4�aa P�5 LOT 10 BLOCK ONE FIELD NOTE COMMENCING POINT 15 FOOT WIDE DRAINAGE EASEMENT 0.104 ACRE IQ DANIEL M. FLAHERTY, R.P.L,S. N0. 50 3 OF 3 ?a 70 LOT 1TWO a I ORDER NO. FIELDBOOK of BLOCK DIGITAL FILE _ 18008998--SURVEY—A5193 FAN 1800899—FN02 z23 ADDRESS: EVERGREEN DR. z ' 15.0' EVERGREEN DRIVE (50' WIDE It. o.1i) LOT 10 BLOCK TWO GREENFIELDS, l CAB. D. SLIDES 166-167 P.R.W.C.T. ` FILED: OCTOBER 16, 1978 -T ab34�� F� LOT 11 BLOCK TWO FIELD NOTE POINT OF BEGINNING GRID N: 10,155,900.54 GRID E. 3,154,693.59 z m LOT 10 BLOCK A LOT. 11 BLOCK A 9.5 FOOT WIDE TEMPORARY CONSTRUCTION EASEMENT 0.057 ACRE LOT 12 BLACK A OAK BLUFF ESTATES PHASE 2 CAB. F. SLIDES 253-259 P.R.W.C.T. FILED: DECEMBER 3, 1984 LOT 25 BLOCK A LOT 25 BLOCK A GENERAL NOTES: 1) ALL PROPERTY CORNERS FOUND ARE CONTROL MONUMENTS. LEGEND 2) SUBJECT TO ANY AND ALL COVENANTS, RESTRICTIONS, EASEMENTS 0 a 1/2" IRON ROD FOUND AND CONDITIONS THAT MAY BE APPLICABLE. (UNLESS OTHERWISE NOTED) 3) THIS DRAWING 1S ACCOMPANIED BY A METES AND BOUNDS DESCRIPTION. R.O.W. = RIGHT—OF—WAY 4) BEARINGS ARE BASED ON THE TEXAS CENTRAL ZONE COORDINATE SYSTEM, D.R.W.C.T. = DEED RECORDS WILLIAMSON COUNTY, TEXAS NAD '83 (HARN '93), WHICH IS BASED UPON THE ALLTERRA TRIMBLE RIK NETWORK. P.R.W.C.T. = PLAT RECORDS WILLIAMSON COUNTY, TEXAS 1 Chisholm Trail, Suite 130, Round Rock, Texas 78681 C P-8 y—j 512.248.0065 TEXAS REGISTERED ENGINEERING FIRM F-1741 TEPLS 10194125 I HEREBY STATE THAT TO THE BEST OF MY PROFESSIONAL KNOWLEDGE AND BELIEF THAT THIS EXHIBIT AND THE SURVEY UPON WHICH IT IS BASED MEETS THE REQUIREMENTS FOR r LAND SURVEYS IN THE STATE OF TEXAS. SURVEYED: APRIL 29, 2019 L— DANIEL M. FLAHERTY, R.P.L,S. N0. 50 3 OF 3 0 100' 200' a SCALE PLAT NO. ----L--5193 DRAFT DATE 06-03-2019 WORK 1800899 363 DRAWN BY�— TAB A-5193 ORDER NO. FIELDBOOK # IL 0 2019 ALL RIGHTS RESERVED DIGITAL FILE _ 18008998--SURVEY—A5193 FAN 1800899—FN02 City of Round Rock J�ROUNO ROCK X.A} Agenda Item Summary Agenda Number: Title: Consider executing a Real Estate Contract with Scot Reynolds and Shanna Reynolds for the purchase of a .0104 acre drainage easement located at 23 Evergreen Drive for the Oak Bluff and Greenfield Drainage Improvements Project. Type: City Manager Item Governing Body: City Manager Approval Agenda Date: 7/19/2019 Dept Director: Michael Thane, Utilities and Environmental Services Director Cost: $$20,000.00 Indexes: 2014 Drainage Revenue Bonds Attachments: Real Estate Contract 7.11.19 Department: Utilities and Environmental Services Text of Legislative File CM -2019-0221 A 0.104 -acre permanent easement and an accompanying 0.067 -acre temporary easement is being dedicated across a portion of the lot owned by Scot and Shanna Reynolds at 23 Evergreen Drive. These permanent and temporary easements are required for the construction of the Oak Bluff and Greenfield Drainage Improvements project that is planned to reduce the frequency of stormwater flooding within the Oak Bluff Estates and Greenfields residential subdivisions. This Real Estate Contract establishes that the City will compensate Mr. and Mrs. Reynolds $20,000 for these easements. Staff recommends approval of the contract. Cost: $20,000 Source of Funds: 2014 Drainage Revenue Bonds City of Round Rock Page 1 Printed on 7!18/2019