CM-2015-783 - 5/13/2015City of Round Rock
ROONO ROCH Agenda Item Summary
Agenda Number:
Title: Consider executing a Commercial Contract Amendment concerning the
property at 2.029 Acres of Land, Bear Creek Place, Williamson County,
TX.
Type:
City Manager Item
Governing Body:
City Manager Approval
Agenda Date:
1/2/2015
Dept Director:
Steve Sheets, City Attorney
Cost:
Indexes:
Attachments:
Department:
Leqal Department
Text of Legislative File CM -2015-783
Cityof Round Rock Page 1 Pm.d on &I V.5
TEXAS ASSOCIATION OF REALTORS®
COMMERCIAL CONTRACT AMENDMENT
USE OF THIS FORM BY PERSONS WHO ME NOT MEMBERS OF THE TERM MISOCWTION OF NE TONSO 13 NOT AIITHORVED.
MauM._WPP ."HIS, Inc. au.
AMENDMENT TO COMMERCIAL CONTRACT BETWEEN THE UNDERSIGNED BUYER AND SELLER
CONCERNING THE PROPERTY AT
Effective o. i o 4 , Seller and Buyer amend the contract as follows: (Check all applicable
boxes.)
❑ A. Sales Prins; The sales price in Paragraph 3 of the contract is changed to:
Cash portion payable by Buyer at closing ...............................$
Sum of all financing described in the contract ............................$
Sales price (sum of cash portion and sum of all financing) ..................$
❑ B. PmneM QnsSr_' tin ion: The Property's legal description in Paragraph 2A of the contract is changed to:
❑ C. Rwnairc: Buyer accepts the Property in its present condition except that Seller, at Seller's expense, will
complete the following before closing:
(TAR -1932) 1-26-10 Initialed for Identification by Seller: _, _, and Buyer:_, _ Page 1 of 2
Swunil Conus l Industrial PropilrlInc. 20 Chisholm Tell Round Rack, TX 78681
Phone:(512)244-9T07 Fu: (512)2A 519 Jim B.N. Biel 0
PMll wM ZlpFarl by zlplpgia 19070 FMeen Mlle Road, Fraser, Michigan/6026 w 1,1apl. mm
C M- ,965-'183
2.029 Acres of Land, Bear Creek Place, Williamson
Amendment to Commercial Contract conceming County, TR
® D. Extension of Feasibility Period: For nominal consideration, the receipt of which Seller acknowledges,
and the consideration described under (1) or (2) below, if any, Buyer's right to terminate under
Paragraph 7B of the contract is extended until 11:59 p.m. on January 5. 2015
❑ (1) The independent consideration for Buyer's right to terminate that will be deducted from the earnest
money if Buyer terminates the contract under Paragraph 7B(1) is increased to a total amount of
$ . (Insert an amount greater than the amount in Paragraph 7B(1) of the contract.)
❑ (2) Buyer has paid Seller additional consideration of $ for the extension. This
additional consideration ❑ will ❑ will not be credited to the sales price upon the closing of the
sale.
❑ E. Closing: The closing date in Paragraph 10A of the contract is changed to
❑ F. Expenses: At dosing Seller will pay the first $
Paragraph 13 of the contract.
of Buyer's expenses under
❑ G. Waiver of Right to Terminate: Upon final acceptance of this Amendment, Buyer waives the right to
terminate under Paragraph 7B of the contract.
❑ H. Other Modifications:
Seller:
By: Jerry T. Bradley
Printed Name:
Title:
By: Linda L. Bradley
Buyer; City of Round Rock
By;au-r1r,
By (signature
Printed Name
!:I�, _LOWiL f-(irdl
Title: ,,Y7*'7J-%/.✓t!/n aT_
By:
By (signature):
By (signature):
Printed Name:
Printed Name:
Title:
Title:
(TAR -1932) 1-2510
Page 2 W 2
PratlucM xiN Lpfpn� M JD0o9k 1870 Fifleen Mile Reed, Fraser, Milligan 48026 w ,I,l ouix corn Budle,Lity o