CM-2015-787 - 5/13/2015City of Round Rock
1 ROUNe ROCK
TEXAS 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, also referred to as the "Bradley Tract."
Type:
City Manager Item
Governing Body:
City Manager Approval
Agenda Date:
2/13/2015
Dept Director:
Steve Sheets, City Attorney
Cost:
Indexes:
Attachments:
Department:
Legal Department
Text of Legislative File CM -2015-787
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TEXAS ASSOCIATION OF REALTORS®
COMMERCIAL CONTRACT AMENDMENT
USE OF THIS FORM BY MASQHSMO ME NOT MEMBERS OF THE TEAS ASSOCIATION OF R TORSO IS NOTAUTHORRFD.
9Tue MsixeSon MR TOR.99. M. 2010
AMENDMENT TO COMMERCIAL CONTRACT BETWEEN THE UNDERSIGNED BUYER AND SELLER
CONCERNING THE PROPERTY AT
Effective F hn +an 13 . 2015 Seller and Buyer amend the contract as follows: (Check all applicable
boxes.)
❑ 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 Des ion: 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) 1-26-10 Initlaled for Identification by Sell:X) and Buyer:_, _ Page 1 of 2
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2.029 Acres of Land, Bear Creek Place, Williamson
Amendment to Commercial Contract conceming County TR
x❑ D, Fxtengion of Feasibility PpdQd: 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 June 26. 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 76(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 dosing of the
sale.
❑ E. Closing: The dosing date in Paragraph t0A of the contract is changed to
❑ F. Expenses: At dosing Seller will pay the first $
Paragraph 13 of the contract.
expenses under
❑ G. Waiver of Rlght to Terminate Upon final acceptance of this Amendment, Buyer waives the right to
terminate under Paragraph 7B of the contract.
❑ H. OtherModifications:
Seller:
By JerT.
By (signature
Printed Name 6
Tine:
Buyer: City of Round ROCk
By: L vt F
By (signature d
Printed Neme:
Title: C Y r affiai1A
By: Linda L. Bradley pp By:
By (signature):/ ` 'r ��p ' e'—
Printed Name:
By (signature):
Printed Name:
(TAR -1932) 1-26-10 Page 2 of 2
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