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CM-2020-167 - 6/19/2020REAL ESTATE CONTRACT Gattis School Road Ph. 3 Right of Way THIS REAL ESTATE CONTRACT ("Contract") is made by and between INTERNATIONAL BANK OF COMMERCE, LAREDO, 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, the tract(s) of land described as follows: All of that certain 0.039 acre (1,710 square foot) tract of land out of and situated in the P.A. Holder Survey, Abstract No. 297 in Williamson County, Texas; more fully described in Exhibit "A", attached hereto and incorporated herein (Parcel 3 ; together with all and singular the rights and appurtenances pertaining to the property, including any right, title and interest of Seller in and to adjacent streets, alleys or rights -of -way (all of such real property, rights, and appurtenances being referred to in this Contract as the "Property"), and any improvements and fixtures situated on and attached to the Property 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 Property, compensation for any improvements on the Property, and for any damage or cost of cure for the reconfiguration of the remaining property of Seller shall be the sum of THIRTY-EIGHT THOUSAND NINE HUNDRED THIRTY-FOUR and 00/100 Dollars ($38,934.00). Payment of Purchase Price 2.02. The Purchase Price shall be payable in good funds at the Closing. 00448241.DOC ARTICLE III PURCHASER'S OBLIGATIONS Conditions to Purchaser's Obli atg ions 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 Property as lessees, tenants at sufferance, or trespassers, other than previously disclosed to Purchaser; (b) Seller has complied with all applicable laws, ordinances, regulations, statutes, rules and restrictions relating to the Property, or any part thereof; 4.02. The Property herein is being conveyed to Purchaser under threat of condemnation. ARTICLE V CLOSING Closing Date 5.01. The Closing shall be held at the office of Independence Title Company on or before July 30, 2020, 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 "Closing Date"). 2 Seller's Obligations at Closing 5.02. At the Closing Seller shall: (1) Deliver to the City of Round Rock, Texas a duly executed and acknowledged Deed conveying good and indefeasible title in fee simple to all of the Property described in Exhibit "A", free and clear of any and all liens and restrictions, except for the following: (a) General real estate taxes for the year of closing and subsequent years not yet due and payable; (b) Any exceptions approved by Purchaser pursuant to Article III hereof, and (c) Any exceptions approved by Purchaser in writing. (2) The Deed shall be in the form as shown in Exhibit `B" attached hereto. (3) Provide reasonable assistance as requested and at no cost to Seller to cause Title Company to provide Purchaser a Texas Owner's Title Policy at Purchaser's sole expense, issued by Title Company, in Purchaser's favor in the full amount of the Purchase Price, insuring Grantee's fee simple and/or easement interests in and to the Property 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: (a) The boundary and survey exceptions shall be deleted; (b) The exception as to restrictive covenants shall be endorsed "None of Record", if applicable; and (c) 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". (4) Deliver to Purchaser possession of the Property. Purchaser's Obligations at Closing 5.03. At the Closing, Purchaser shall: (a) Pay the cash portion of the Purchase Price. 3 Prorations 5.04. General real estate taxes for the then current year relating to the Property shall be prorated as of the Closing Date and shall be adjusted in cash at the Closing. If the Closing shall occur before the tax rate is fixed for the then current year, the apportionment of taxes shall be upon the basis of the tax rate for the next preceding year applied to the latest assessed valuation, however, Seller shall otherwise be responsible for all ad valorem taxes to the date of deeded ownership transfer. Agricultural roll -back taxes, if any, which directly result from this transaction and transfer shall be paid by Purchaser. Closing Costs 5.05. All costs and expenses of closing in consummating the sale and purchase of the Property shall be borne and paid as follows: (1) Owner's Title Policy and survey to be paid by Purchaser. (2) Deed, tax certificates, and title curative matters, if any, paid by Purchaser. (3) All other closing costs shall be paid by Purchaser. (4) Attorney's fees paid by each respectively as incurred. 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 Property 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 Property, 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. 4 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, 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 Round 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. Legal 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 Agreements 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 Property 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 page follows] on SELLER: INTERNATIONAL BANK OF COMMERCE, LAREDO,TEXAS Fa -bap -a s4i vah Name: Barbara Sullivan Its: Vice President, Operations Date: 6/9/2020 PURCHASER: CITY OF ROUND ROCK, TEXAS By:/l��✓1 City Manager Date: D &_ jq- a© -2Z7 Address: 2817 E. Cesar Chavez Street Austin, TX 78702 Address: 221 E. Main Street Round Rock, Texas 78664 01-21-2019 Page 1 of 4 EXHIBIT ` 1 County: Williamson Parcel: 3 Project: Gattis School Road PROPERTY DESCRIPTION FOR PARCEL 3 DESCRIPTION OF A 0.039 ACRE (1,710 SQUARE FOOT) TRACT OF LAND SITUATED IN THE P.A. HOLDER SURVEY, ABSTRACT NO. 297, IN WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF LOT 3, BLOCK "A" (0.93 ACRES), TURTLE CREEK COMMERCIAL SUBDIVISION, A SUBDIVISION OF RECORD IN CABINET DD, SLIDES 270-271 OF THE PLAT RECORDS OF WILLIAMSON COUNTY, TEXAS, DESCRIBED IN SPECIAL WARRANTY DEED TO INTERNATIONAL BANK OF COMMERCE, LAREDO, TEXAS, EXHIBIT A, RECORDED IN DOCUMENT NO. 2007096350 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS, SAID 0.039 ACRE (1,710 SQUARE FOOT) TRACT OF LAND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: COMMENCING at a mag nail with washer stamped "Survtex-LLC" found 275.34 feet left of proposed Gattis School Road Baseline Station 41+03.81, being an ell corner in the southerly boundary line of Lot 1A, Replat of Lot 1, Turtle Creek Commercial Subdivision, a subdivision of record in Document No. 2014075563 of the Official Public Records of Williamson County, Texas, same being the northwesterly corner of said Lot 3; THENCE, with the common boundary line of said Lot 1A and said Lot 3, N 88'19,23" E, for a distance of 211.61 feet to an iron rod with aluminum cap stamped "ROW 4933" set, (Grid Coordinates determined as N=10154605.52, E=3139455.71 TxSPC Zone 4203), 275.80 feet left of proposed Gattis School Road Baseline Station 43+20.93, in the proposed westerly right-of-way (ROW) line of A.W. Grimes Boulevard, (ROW width varies), for the northwesterly corner and POINT OF BEGINNING of the herein described tract; 1) THENCE, departing said proposed westerly ROW line, continuing with said common boundary line, N 88°19'23" E, for a distance of 13.57 feet to a 1/2 inch iron rod with plastic cap stamped "Survtex-LLC" found, being in the existing westerly ROW line of A.W. Grimes Boulevard (ROW width varies), same being an ell corner in the easterly boundary line of said Lot 1A, also being the northeasterly corner of said Lot 3, for the northeasterly corner of the herein described tract; THENCE, departing said Lot 1A, with said existing ROW line, same being the easterly boundary line of said Lot 3, the following two (2) courses: 2) S 02°27'04" E, for a distance of 80.89 feet to a 1/2 inch iron rod with plastic cap stamped "Sam Inc." found; 3) S 22-13158" W, for a distance of 63.66 feet to a 1/2 inch iron rod with plastic cap stamped "Sam Inc." found 136.72 feet left of proposed Gattis School Road Baseline Station 43+09.81, being the intersection of said existing ROW line and the proposed westerly ROW line of said A. W. Grimes Boulevard (ROW width varies), for the southeasterly corner of the herein described tract, and from which, a 1/2 inch iron rod with plastic cap stamped "Sam Inc." found, being an angle point in said existing ROW line, bears S 42°26'44" W, at a distance of 46.46 feet; Page 2 of 4 THENCE, departing said existing ROW line, with said proposed ROW line, through the interior of said Lot 3, the following three (3) courses: 4) N 58°27'31" W, for a distance of 10.35 feet to an iron rod with aluminum cap stamped "ROW 4933" set 142.38 feet left of proposed Gattis School Road Baseline Station 43+01.15, for an angle point herein; 5) N 22°17'01" E, for a distance of 52.25 feet to an iron rod with aluminum cap stamped "ROW 4933" set 190.13 feet left of proposed Gattis School Road Baseline Station 43+22.36, for an angle point herein; 6) N 02°37'42" W, for a distance of 85.68 feet to the POINT OF BEGINNING, containing 0.039 acre (1,710 square feet) of land, more or less; This property description is accompanied by a separate parcel plat. All bearings recited herein are based on the Texas State Plane Coordinate System, Central Zone. No. 4203, NAD 83. THE STATE OF TEXAS § § KNOW ALL MEN BY THESE PRESENTS: COUNTY OF WILLIAMSON § That I, M. Stephen Truesdale, a Registered Professional Land Surveyor, do hereby certify that the above description is true and correct to the best of my knowledge and belief and that the property described herein was determined by a survey made on the ground under my direct supervision. WITNESS MY HAND AND SEAL at Round Rock, Williamson County, Texas. ltll,, tAq, Z&:-¢jn r M. Stephen Truesdale Registered Professional Land Surveyor No. 4933 Licensed State Land Surveyor Inland Geodetics, LLC Firm Registration No: 100591-00 1504 Chisholm Trail Road, Suite 103 Round Rock, TX 78681 S:1 RTGIGATTIS SCHOOL - WINDY PARK TO RR RANCH RDIPARCEMPARCEL 3-INTERNATIONAL BANK OF COMMERCEIPARCEL 3-IBC.doc EXHIBIT "` .. PLAT TO ACCOMPANY PARCEL DESCRIPTION NUMBER DIRECTION DISTANCE L1 N88'19'23"E 13.57' L2 S02' 27' 04"E 80. 89' (L2) (S02*26'25"E) (80.89') L3 S22' 13' 58"W 63. 66' (L3) (S22'14'06"W) (63.70') L4 N58'27'31"W 10.35' L5 N22' 1 7' 01 "E 52. 25' L6 NO2' 37' 42"W 85. 68' L7 S42'26'44"W 46.46' (L7) (S42'21'52"W) (46.39 AE?5T_1,?1?r;T NU. 297 REPLAT OF LOT 1, TURTLE CREEK COMMERCIAL SUBDIVISION DOC. NO. 2014075563 0. P. R. W. C. T. LOT 1 -A P. 0. B. rf BLOCK A 2T5.803.20.93 (5. 514 AC.) GRID COORDINATES' N=10154605.52 E-3139455.71 -- " N 8 B' 19' 23 " E 21 1 . 61 ' tilt s I ( I 1J (N88' 17' 1 1 "E 225. 54') 3 I I I ( P. 0. C. �3 I (( STA. 41+03.81 0 I I 275.34' LT 0.039 AC. l i l 1,710 SO. FT, o TURTLE CREEK 1 COMMERCIAL SUBDIVISION a I ( I I I CAB. DD, SLIDE 270-271 P. R.W. C. T. 02/05/20 PAGE 3 OF 4 In11{ ' f JJ IF+„ ill IY 1 I }a Ilu� J co }~, Lon r �i I} i .7l LLI o I-i I IIv1} O N }I)�i II 1 LOT 3 STA. 43.22.36 ! p I I I I BLOCK A 190. 13' LT I I I (o. 93 AC. 40, 41 1 SO. FT.) STA. 43+01. 15 142. 38' L7 INTERNATIONAL; �h ' I ( BANK OF COMMERCE, 'T 'I o. "•' I LAREDO TEXAS •'o: � ;'�f- Ilv r\'. L_.,...,.. ( EXHIBIT A y TA. 43.09. 81 }1� l !Cf DOC. NO. 2007096350 r� l �.'��,� 136.72' LT )I II 1 0. P. R. W. C. T.�:5;`+7...,1,F1,.t )1 c1 I } s _,:......y: x•^. _y„�.'-. :�,P , . „SAM INC. +SJPJS�x yUU.r(ERtixClyiil'IS n IGr - S1UEt7ALK EASEGiENT i h� EXISTING :' t 1PLn� 0. W. � - ' _ U1OIC4?2, PC. �52 CGATTIS SCHOOL ROAD Y01.. . U, R. rL C. T. IR.O.W. WIDTH VARIES) OSTENSIBLE SURVEY LINE ._. ......... PROPOSED GATTIS SCHOOL ROAD EL BASINE . I r I _}� I --— 4344.00 41 +00 aPo 42+00 r, in v r a PARCEL PLAT SHOWING PROPERTY OF FFIRMREGISTRATION A iV D u INTERNATIONAL BANK OF ETICS COMMERCE, LAREDO, TEXAS PARCEL 3 AL LAND SURVEYORS LM TRAIL RD. STE. 103 ROCK, TX. 78681 SCALE PROJECT COUNTY 200, FAX (512) 238-1251 ATIONN0.100591-00 1" = 60' 1 GATTIS SCHOOL ROAD WILLIAMSON S:\.RTG\GATTIS SCHOOL - WINDY PARK TO RR RANCH RD\PARCELS\PARCEL 3-INTERNATIONAL BANK OF CO.49uERCE\PARCEL 3-INTERNATIONAL BANK OF COMMERCE -REV. dgn FXHIRTT "1Z" PLAT TO ACCOMPANY PARCEL DESCRIPTION 02/05/20 PAGE 4 OF 4 LEGEND • %2" IRON ROD FOUND, UNLESS NOTED CENTER LINE © IRON SET W/ PLASTIC CAP It PROPERTY LINE STAMPED "INLAND-4933" ( ) RECORD INFORMATION -Y- LINE BREAK O IRON ROD FOUND W/PLASTIC IV DENOTES COMMON OWNERSHIP CAP, AS NOTED P.O.B. POINT OF BEGINNING © COTTON GIN SPINDLE FOUND P.O.C. POINT OF COMMENCING N. T. S. NOT TO SCALE O I/2" IRON PIPE FOUND, UNLESS NOTED STMSE STORM SEWER EASEMENT X X CUT FOUND SSE SANITARY SEWER EASEMENT 0 MAG NAIL FOUND P.U.E. PUBLIC UTILITY EASEMENT • 60/D NAIL FOUND D. R. W. C. T. DEED RECORDS WILLIAMSON COUNTY, TEXAS ® MAG NAIL SET 0. R. W. C. T. OFFICIAL RECORDS 0 CALCULATED POINT WILLIAMSON COUNTY, TEXAS 0. P. R. W. C. T. OFFICIAL PUBLIC RECORDS 0 IRON ROD W/ AL_UMINUM CAP WILLIAMSON COUNTY, TEXAS STAMPED "ROW-4933" SET P.R.W.C.T. PLAT RECORDS (UNLESS NOTED OTHERWISE) WILLIAMSON COUNTY, TEXAS 1) All bearings shown hereon are based on grid bearing. All distances are surface distances. Coordinates are surface values based on the Texas State Plane Coordinate System, NAD 83, Central Zone. THE SURVEY SHOWN HEREON WAS PREPARED IN CONJUNCTION WITH THAT COMMITMENT FOR TITLE INSURANCE GF NO. 1920227-KFO, ISSUED BY TITLE RESOURCES GUARANTY COMPANY, EFFECTIVE DATE MAY 15, 2019, ISSUE DATE MAY 30, 2019. I. RESTRICTIVE COVENANTS: CABINET DD, SLIDE 270 PLAT RECORDS, DOCUMENT NO. 2007096348 AND DOCUMENT NO. )ni ROl gf;gR_ SI IAAFCT TO. 10A. 10 FOOT PUBLIC UTILITY EASEMENT ALONG THE STREET RIGHT OF WAY PROPERTY LINES AS SHOWN ON THE PLAT AND DEDICATION SET OUT IN SCHEDULE A HEREOF, AFFECTS AS SHOWN. B. 10 FOOT PUBLIC UTILITY AND SIDEWALK EASEMENT ALONG THE STREET RIGHT OF WAY PROPERTY LINES AS STATED ON THE PLAT AND DEDICATION SET OUT IN SCHEDULE A HEREOF, AFFECTS AS SHOWN. C. EASEMENT FOR INGRESS AND EGRESS AS SET FORTH IN VOLUME 590, PAGE 680, OF THE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS, DOES NOT AFFECT. D. TERMS, CONDITIONS AND STIPULATIONS OF THAT CERTAIN SHOPPING CENTER DECLARATION RECORDED IN DOCUMENT NO. DOCUMENT NO. 2007096348, OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS, SUBJECT TO. E. TERMS, CONDITIONS AND STIPULATIONS CONTAINED IN RIGHTS OF FIRST OFFER AGREEMENT EXECUTED BY AND BETWEEN GATTIS LLC AND INTERNATIONAL BANK OF COMMERCE, LAREDO TEXAS, DATED NOVEMBER 15, 2007, FILES NOVEMBER 19, 2007, RECORDED IN/UNDER 2007096349, OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS, SUBJECT TO. F. INCLUSION WITHIN THE UPPER BRUSHY CREEK WCID NO. IA, SUBJECT TO IF APPLICABLE. I HEREBY CERTIFY THAT THIS PLAT IS TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE AND BELIEF AND THAT THE PROPERTY SHOWN HEREIN WAS DETERMINED BY A SURVEY MADE ON THE GROUND UNDER/MY DIRECT SUPERVISION. .4 z66wfL(-" Vr� C- r.�Al M. STE EN T IESDALE DATE REGISTERED PROFESSIONAL LAND SURVEYOR NO. 4933 LICENSED STATE LAND SURVEYOR INLAND GEODETICS, LLC FIRM REGISTRATION NO. 100591-00 1504 CHISHOLM TRAIL ROAD, SUITE 103 ROUND ROCK, TEXAS 78681 I N LAN Du CEODETICS PROFESSIONAL LAND SURVEYORS 1504 CHISHOLM TRAIL RD, STE. 103 ROUND ROCK, TX. 78681 PH. (512) 238-1200, FAX (512) 238-1251 FIRM REGISTRATION NO. 100591-00 M SI\■RTG\GATTIS SCHOOL - WINDY PA ~� 4933 PARCEL PLAT SHOWING PROPERTY OF INTERNATIONAL BANK OF COMMERCE, LAREDO, TEXAS SCALE -I PROJECT COUNTY 1" = 60` GATTIS SCHOOL ROAD WILLIAMSON ACQUISITION 0.039 1,710 CALC/DEED AREA 0.93 40,411 REMAINDER AREA 0.891 3B,701 PARCEL 3 dgn Parcel 3 EXHIBIT "B" DEED Gattis School Road Ph. 3 Right of Way THE STATE OF TEXAS § COUNTY OF WILLIAMSON § NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENT BEFORE IT IS FILED IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. NOW, THEREFORE, KNOW ALL BY THESE PRESENTS: That INTERNATIONAL BANK OF COMMERCE, LAREDO, TEXAS, hereinafter referred to as Grantor, whether one or more, for and in consideration of the sum of Ten Dollars ($10.00) and other good and valuable consideration to Grantor in hand paid by City of Round Rock, Texas, the receipt and sufficiency of which is hereby acknowledged, and for which no lien is retained, either expressed or implied, have this day Sold and by these presents do Grant, Bargain, Sell and Convey unto CITY OF ROUND ROCK, TEXAS, all that certain tract or parcel of land lying and being situated in the County of Williamson, State of Texas, along with any improvements thereon, being more particularly described as follows: All of that certain 0.039 acre (1,710 square foot) tract of land out of and situated in the P.A. Holder Survey, Abstract No. 297 in Williamson County, Texas; more fully described in Exhibit "A", attached hereto and incorporated herein Parcel 3 SAVE AND EXCEPT, HOWEVER, it is expressly understood and agreed that Grantor is retaining title to the following improvements located on the property described in said Exhibit "A" to wit: NONE RESERVATIONS FROM AND EXCEPTIONS TO CONVEYANCE AND WARRANTY: Visible and apparent easements not appearing of record; Any discrepancies, conflicts, or shortages in area or boundary lines or any encroachments or any overlapping of improvements which a current survey would show; Easements, restrictions, reservations, covenants, conditions, oil and gas leases, mineral severances, and encumbrances for taxes and assessments (other than liens and conveyances) presently of record in the Official Public Records of Williamson County, Texas, that affect the property, but only to the extent that said items are still valid and in force and effect at this time. 00447940.DOC Grantor reserves all of the oil, gas and other minerals in and under the land herein conveyed but waives all rights of ingress and egress to the surface thereof for the purpose of exploring, developing, mining or drilling or pumping the same; provided, however, that operations for exploration or recovery of any such minerals shall be permissible so long as all surface operations in connection therewith are located at a point outside the acquired parcel and upon the condition that none of such operations shall be conducted so near the surface of said land as to interfere with the intended use thereof or in any way interfere with, jeopardize, or endanger the facilities of the City of Round Rock, Texas or create a hazard to the public users thereof; it being intended, however, that nothing in this reservation shall affect the title and the rights of Grantee to take and use without additional compensation any, stone, earth, gravel, caliche, iron ore, gravel or any other road building material upon, in and under said land for the construction and maintenance of Gattis School Road. TO HAVE AND TO HOLD the property herein described and herein conveyed together with all and singular the rights and appurtenances thereto in any wise belonging unto City of Round Rock, Texas and its assigns forever; and Grantor does hereby bind itself, its heirs, executors, administrators, successors and assigns to Warrant and Forever Defend all and singular the said premises herein conveyed unto City of Round Rock, Texas and its assigns against every person whomsoever lawfully claiming or to claim the same or any part thereof. This deed is being delivered in lieu of condemnation. IN WITNESS WHEREOF, this instrument is executed on this the day of 2020. [signature pages follow] ►a GRANTOR: INTERNATIONAL BANK OF COMMERCE, LAREDO, TEXAS Name: Its: ACKNOWLEDGMENT STATE OF TEXAS COUNTY OF This instrument was acknowledged before me on this the day of , 2020 by , in the capacity and for the purposes and consideration recited therein. Notary Public, State of Texas PREPARED IN THE OFFICE OF: Sheets & Crossfield, P.C. 309 East Main Round Rock, Texas 78664 GRANTEE'S MAILING ADDRESS: City of Round Rock Attn: City Clerk 221 Main Street Round Rock, Texas 78664 AFTER RECORDING RETURN TO: 3 City of Round Rock ROUND ROCK TEXAS Agenda Item Summary Agenda Number: Title: Consider executing a Real Estate Contract with International Bank of Commerce, Laredo, Texas for the purchase of a 0.039 acre right of way parcel required for construction of the proposed improvements to Gattis School Road Ph. 3 (Parcel 3). Type: City Manager Item Governing Body: City Manager Approval Agenda Date: 6/19/2020 Dept Director: Gary Hudder, Transportation Direction Cost: $38,934.00 Indexes: RR Transportation and Economic Development Corporation (Type B) Attachments: LAF-00448234.PDF, Background Exhibit-00448231.PDF, RE Contract-00448243. PDF Department: Transportation Department Text of Legislative File CM-2020-167 The proposed purchase contract price of $38,934 is equal to the amount of the City's approved appraisal value for this parcel. Cost: $38,934.00 Source of Funds: RR Transportation and Economic Development Corporation (Type B) City of Round Rock Page 1 Printed on 6/18/2020 "PAK Inrrsrrrraetrmmuananrs gsnnfnaunfssesnauusunaee�ess*s�a*r�r —vw„�,�yatrrals .,• r:a■ ■rrs.ssrr■arsrrrrrr:ra �+ok 1 ' Q M 1 1 n� u II L ,� a \ llll� tltlt. •, i � SS llll� s�tit t.t,�� � V ; -- I.Y•.yly W r r•oz o < i I 1 •.• E I�. � I M S•R sm LU i 1 �I Ia � EXHIBIT " " PLAT TO ACCOMPANY PARCEL DESCRIPTION 02/05/20 PAGE 3 OF 4 NUMBER DIRECTION DISTANCE L1 N88'19'23"E 13.57' L2 S02' 27' 04"E 80. 89, (L2) (S02'26'25"E) (80.89') L3 S22. 1 3' 58"W 63. 66' (L3) (S22'14'06"W) (63.70') L4 N58'27'31"W 10.35' L5 N22'17'01"E 52.25' LG NO2'37'42"W 85.68' L7 S42. 26' 44"W 46. 46' (L7) (S42' 21'52"W) (46. 39' ) Imo. AST RASURVEY �B CT NO. 297 REPLAT OF LOT 1, TURTLE CREEK COMMERCIAL SUBDIVISION DOC. NO. 2014075563 0. P. R. W. C. T. "'l-i— LOT 1 -A / P. O. B. I I BLOCK A 275.843.20.93 (5.514 AC.) GRID COORDINATES$ N•10154605.52 E-3139455.71 c ��c KISTA. N88' 19'23"E 211 . 61(N88' 17' 11 "E 225. 54' P. 0. C03. 275. 34 ' +. LT 81 0. 039 AC. 1,710 SO. FT. II I I TURTLE CREEK \ II COMMERCIAL SUBDIVISION CAB. DD, SLIDE 270-271 P. R. W. C. T. Pr I I I I LOT 3 STA. 43•22.36-----, I I I I BLOCK A 190.13' LT 4) II I I I 40,4119SO. FT.) -4)I I STA. 43+01.15 1 142.38' LT 6 , INTERNATIONAL \ I BANK OF COMMERCE, ,<q' LAREDO TEXAS c.4 L I I EXHIbIT A ° o ra �I" DOC. NO. 2007096350 aN 1Ir (� l 0. P. R. W. C. T. ` J) i 11 1 \ .r_-.e �... �.--y-¢ R,..-R.a•.P-.u.�. / / • -SAM IhC:N 0 J co STA. 43.09.81 ' ! 136. 72' LT q CI \ \ t 0' P. U. E. & .Y•' yOC. 1422, PG. 455 9 SIDEWALK EASEMENT/PLAT • D. R. rv. C. i. _ EXISTING R.O.W. DEDCA "°"-1 SURV ATTIS SCHOOL ROAD VOL1422 rG 452 . G u.R.rLC.r• (R.O,W- WIDTH VARIES) OST NSIBLE SURVEY LINE o F ' •"d' i/ li J _. P..-P..P ...P P `ti,l`- O O O � •�� PROPOSED GATTIS SCHOOL ROAD BASELINE 41 +00 m 42 I '—TT — 43I 00 44I 00 +00 ri v F- a PARCEL PLAT SHOWING PROPERTY OF I N L A N D u INTERNATIONAL BANK OF GEODETICS PROFESSIONAL IANb SURVEYORS COMMERCE, LAREDO, TEXAS PARCEL 3 1504 CHISHOLM TRAIL RD. STE. 103 ROUND ROCK, TX. 78681 SCALE PROJECT COUNTY Fld.14 RMIREGSSTRATIONUD 10OS9i 00 Wl 1" = 60GATTIS SCHOOL ROAD WILLIAMSON Sz\•RTG\GATTIS SCHOOL - WINDY PARK TO RR RANCH RD\PARCELS\PARCEL 3-INTERNATIONAL BANK OF COMMERCE\PARCEL 3-INTERNATIONAL BANK OF COMMERCE-REV.dgn