R-2021-336 - 12/16/2021 RESOLUTION NO. R-2021-336
WHEREAS, the City of Round Rock ("City") is the owner of real property located at 1991
Rawhide Drive in Round Rock, Williamson County, Texas; and
WHEREAS, the City desires to sell said property; and
WHEREAS, Scott Lopez has submitted a Commercial Contract Amendment to purchase said
property,Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
That the Mayor is hereby authorized and directed to execute on behalf of the City a
Commercial Contract Amendment with Scott Lopez, a copy of said Contract being attached hereto as
Exhibit"A" and incorporated herein for all purposes.
The City Council hereby finds and declares that written notice of the date, hour, place and
subject of the meeting at which this Resolution was adopted was posted and that such meeting was
open to the public as required by law at all times during which this Resolution and the subject matter
hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act,
Chapter 551, Texas Government Code, as amended.
RESOLVED this 16th day of December, 2021.
CRAIG M RGAN, yor
City of Round Rock exas
ATTEST:
�,-MQ A
MEAGAN NKS, AA Clerk
011220212;4891-8451-8406
DocuSign Envelope ID:F332F992-F25F-45E4-BDAO-CC147B22C874
EXHIBIT
t.Z TEXAS REALTORS A
COMMERCIAL CONTRACT AMENDMENT
USE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF REALTORSO,INC.IS NOT AUTHORIZED.
OTexas Association of REALTORS@,Inc.,2018
AMENDMENT TO COMMERCIAL CONTRACT BETWEEN THE UNDERSIGNED BUYER AND SELLER
CONCERNING THE PROPERTY AT
1991 RAWHIDE DR, Round Rock, TX 78681
Effective December 3, 2021 Seller and Buyer amend the contract as follows: (Check all applicable
boxes.)
X A. Sales Price: The sales price in Paragraph 3 of the contract is changed to:
Cash portion payable by Buyer at closing. . . . . . . . . . . . . . . . . . . . . . . . . . $ 206,250.00
Sum of all financing described in the contract. . . . . . . . . . . . . . . . . . . . . . $ 918,759.00
Sales price (sum of cash portion and sum of all financing) . . . . . . . . . . . . $ 1,225,000.00
B. Property Description: The Property's legal description in Paragraph 2A of the contract is changed to
the legal description described on the attached Exhibit or as follows:
C. Repairs: Buyer accepts the Property in its present condition except that Seller, at Seller's expense, will
complete the following before closing:
(TXR-1932)4-1-18 Initialed for Identification by Seller �V-, and Buye l Page 1 of 2
Landmark Properties 600 Round Rock West,8605 Round Rock,TX 79681 Phone:512 663-8961 Fax 1991 Rawhide
John Ricker Produced with Lone Wolf Transactions(zipForm Edition)231 Shearson Cr.Cambridge,Ontario,Canada N1T 1J5 www.lwolf.com
DocuSign Envelope ID:F332F992-F25F-45E4-BDAO-CC147B22C874
Amendment to Commercial Contract concerning 1991 RAWHIDE DR, Round Rock,TX 78681
D. Extension-Qf 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
(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 closing Seller will pay the first $ of Buyer's expenses under
Paragraph 13 of the contract.
X G. Waive rQ Righ
AAQ Terminate: Upon final acceptance of this Amendment, Buyer waives the right to
terminate under Paragraph 7B of the contract.
H. Counters: If this amendment is executed in a number of identical counterparts, each counterpart is
an original and all counterparts, collectively, constitute one agreement.
I. Other Modifications:
Seller: City of Round Rock Buyer:Scott Lopez
uftned
By: By: Doc�by,By ,(signature): By (signature): E=7/0 '
CD38C170013E4E75COtt Lopez
Printed Name: Printed Name:
Title: Title:
By: By:
By (signature): By (signature):
Printed Name: Printed Name:
Title: Title:
(TXR-1932)4-1-18 Page 2 of 2
Produced with Lone Wolf Transactions(zipForm Edition)231 Shearson Cr.Cambridge,Ontario,Canada N1T 1J5 www.lwolf.com 1"I Rawhide