CM-2015-785 - 5/13/2015City of Round Rock
Tp qse ROCK Agenda Item Summary
Agenda Number:
Title: Consider executing a Commercial Contract Amendment conceming the
property at "a portion of Lot 1, of Bear Creek Place", otherwise known as
the "Bradley Tract Extension"
Type:
City Manager Item
Governing Body:
City Manager Approval
Agenda Date:
2/202015
Dept Director:
Steve Sheets, City Attorney
Cost:
Indexes:
Attachments:
Department:
Legal Department
Text of Legislative File CM -2015-785
City of Round Rook Page 1 Punned on sIV2015
401,
TEXAS ASSOCIATION OF REALTORS®
COMMERCIAL CONTRACT AMENDMENT
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AMENDMENT TO COMMERCIAL CONTRACT BETWEEN THE UNDERSIGNED BUYER AND SELLER
CONCERNING THE PROPERTY AT
Effective
boxes.)
, Seller and Buyer amend the contract as follows: (Check all applicable
0 A. Sales Price: 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. Property Description: The Property's legal description in Paragraph 2A of the contract is changed to:
❑ C. Repairs Buyer accepts the Property In its present condition except that Seller, at Seller's expense, will
complete the following before closing:
(TAR -1932) 1-28-10 Inifialed for Identification by Sell q*: �..J-/ f . and Buyer_. _ Page 1 of 2
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Amendment m Commercial Contract oonceming A Portion of Lot 1 of Bear Creek Place
❑ 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 e b •a" 16. 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 $ o 0o for the extension. This
additional consideration ❑ will 0 will not be credited to the sales price upon the closing of the
sale.
❑ E. Closing: The closing date in Paragraph 1 OA of the contract is changed to
❑ F. Expenses: At closing Seller will pay the first $
Paragraph 13 of the contract.
of Buyers 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:
Legal Description:
A Portion of Lot 1, of BEAR CREEK PLACE, an addition in and to the City of
Round Rock, Williamson County, Texas, according to the MP or Plat thereof
recorded in Cabinet E, Slides 63-64, Plat Records, Williamson County, Texas,
SAVE AND EXCEPT 9.821 acres of land conveyed to Williamson County in deed
recorded under Document No. 2001070824 and corrected under Document No.
2005093404 Official Public Records, Williamson County, Texas.
2.029 acres of land.
Seller:
By:7(signature)
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Name:
Title:
Buyer: CItV of Round Rock
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Primed Name: � r, 6
Title: ✓1!r
By: Li a L d By:
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Printed Name:/I LOA L tIkAbL
By (signature):
Printed Name:
(TAR -1832) 1-28-10 Page 2 of 2
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