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O-82-695 - 5/27/1982AN ORDINANCE AMENDING THE OFFICIAL ZONING MAP OF THE CITY OF ROUND ROCK, ADOPTED IN CHAPTER 11, SECTION 3.E.(2), CODE OF ORDINANCES, CITY OF ROUND ROCK, TEXAS AND MAKING THIS AMENDMENT A PART OF THE SAID OFFICIAL ZONING MAP, TO -WIT: TO CHANGE 1.00 ACRES, MORE OR LESS, OUT OF THE JACOB M. HARRELL SURVEY, WILLIAMSON COUNTY, TEXAS, AS DESCRIBED BELOW FROM DISTRICT R -1 (LOW DFNSTTY RESIDENTIAL TO DISTRICT C -1 (COMMFRCIAI ) WHEREAS, an application has been made to the City Coun- cil of the City of Round Rock, Texas to amend the Official Zoning Map to change the zoning classification of the proper- ty described in Exhibit "A" from District R -1 (Low Density Residential) to District C -1 (Commercial) WHEREAS, the City Council has submitted the requested change in the Official Zoning Map to the Planning and Zoning Commission for its recommendation and report, and WHEREAS, the Planning and Zoning Commission held a public hearing concerning the requested change on the 20th day of May , 19ft2 , following lawful publication of the notice of said public hearing, and WHEREAS, after considering the public testimony received at such hearing, the Planning and Zoning Commission has recommended that the Official Zoning Map be amended so that the zoning classification of the above described property be changed from District R -1 (Low Density Residential) to District C -1 (Commercial) , and WHEREAS, on the 27th ORDINANCE NO. 95" REVISED 5/82 day of May , 1982, after proper notification, the City Council held a public hearing on the requested change, and WHEREAS, the City Council has determined that sub- stantial changes in conditions have occurred which justify the zoning classification change provided for herein, and WHEREAS, the City Council determines that the zoning classification change provided for herein promotes the health, safety, morals and protects and preserves the general welfare of the community, and WHEREAS, each and every requirement set forth in Art. 1011a -f V.A.T.S. and Chapter 11, Section 3, Code of Ordi- nances, City of Round Rock, Texas concerning public notices, hearings, and other procedural matters has been fully complied with, NOW THEREFORE BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS I. That the Official Zoning Map adopted in Chapter 11, Section 3.E.(2), Code of Ordinances, City of Round Rock, Texas is hereby amended so that the zoning classification of the property described in Exhibit "A" attached hereto and incorporated herein is hereby changed from District R - 1 (Low Density Residential) and shall be, and hereafter designated as District C - (Commercial) (Mark through the following alternative that is not appli- cable) Alternative 1. By motion duly made, seconded and passed with an affirma- tive vote of all the Council members present, the requirement for reading this ordinance on two separate days was dispensed with. READ, PASSED, and ADOPTED on first reading this day of , 1982. Alternative 2. READ and APPROVED on first reading this the of , 1982. ,7 day READ, APPROVED and ADOPTED on second reading this the day of , 19 8 ST: •4/;IJL JO S NE LAND, Cit Secretary AO J I_ 0 RY L. TONN, Mayor City of Round Rock, Texas • • FIELD NOTES FOR WILLIAMSON COUNTY OLD SETTLERS ASSOCIATION BEING 1.00 ACRE OF LAND OUT OF THE JACOB M. HARRELL SURVEY, ABSTRACT NO.284, IN WILLIAMSON COUNTY, TEXAS, AND BEING A PORTION OF A TRACT OF LAND CONVEYED BY DEED FROM MAGGIE J. HARRELL AND HUSBAND T. M. HARRELL TO ED R. ANDERSON, PRESIDENT OF THE OLD SETTLERS ASSOCIATION OF WILLIAMSON COUNTY, TEXAS, RECORDED IN VOLUME 258, PAGE 276 OF THE DEED RECORDS OF SAID COUNTY AND STATE, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING at Point "A" being a metal fence post on the Southerly Right -Of -Way line of RM 620 at Texas Highway Department Engineer's Station 513+ 34.31 marking the Northwest corner hereof, said point also being the Northeast corner of the C. R. Adolphson tract of land of record in Volume 179, Page 278 of the Deed Records of said County and State, said point being the beginning of a curve concave to the North having a radius of 1949.86 feet; THENCE, along the Northerly boundary line hereof and said Right - Of -Way line the following three courses and distances: 1) 92.36 feet along the arc of said curve, through a central angle of 02 42' 50 ", said curve's long chord bears S 72 17' 30" E, 92.35 feet to a Texas Highway Department Monument at PT 514+ 24.78; 2) S 73 39' 00" E, 2.69 feet to a point; 3) S 44 57' 36" E, at 8.56 feet pass a Texas Highway Department Monument, feet to a Texas Highway Department Monument on the Westerly Right -Of -Way line of IR 35 marking the Northeast corner hereof; THENCE, leaving said Northerly line and continuing along the Easterly boundary line hereof and said Right -Of -Way line S 18 15' 00" E, 41.70 feet to an iron pin set marking the South- east corner hereof; THENCE, leaving said Easterly line and said Right -Of -Way line and continuing along the Southerly boundary line hereof N 83 51' 30" W, at 244.63 feet pass Point "B" being the Southeast corner of a 25 foot wide access easement, at 269.63 feet pass a point for the Southwest corner of said easement, at 306.85 feet pass a point for the Southeast corner of a 7.50 foot wide Public Utility Easement, 313.55 feet to an iron pin set on the Easterly line of said Adolphson tract, marking the Southwest corner hereof and said Public Utility Easement; THENCE, leaving said Southerly line and continuing along the Westerly boundary line hereof and said Easterly line N 06 08' 30" E, 220.93 feet to the POINT OF BEGINNING containing 1.00 acre of land. Exhibit 3 of Modification Agreement page 1 of 3 0 2- . NO 6 CHORD O 00° 13 ' 33" 5 71 00' 54"E - 7.69' 7.69 ' 0 0I° 05' 41" O 00° 44' 57" 5 71° 42' 4r E - 37.25' 5 72' 37' 23"E - 37.26' 25.49' O L D SETTLER' S ASSOCIATION SCALE : 1' = 40 FEET SURVEY AND PLAT BY: R. OCHOA • i 6 ti ,k (, b 5 73 39 00"E - 2.69' 51444747 NAY ,2 LEGEND : IRON PIN FOUND -0 IRON PIN SET - PROPERTY LINE PROPERTY LOCATION : SOUTHWEST CORNER OF R. M. 620 AND I035, ROUND ROCK, TEXAS. DATE : O5 APRIL 1482 LOT N0._ , BLOCK N0. r SUBDIVISION : 1.00 ACRES OF THE NORTHERLY PORTION OF THE OLD SETTLER'S TRACI. DEED RECORDED IN VOLUME 2510 PAGE2.¢ OF THE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS. SURVEY FOR: FARMER'S STATE BANK REFERENCE: N. G. WHITLOW SURVEY: JACOB M. HARRELL, A -204 STATE OF TEXAS: COUNTY OF WILLIAMSON: KNOW ALL MEN BY THESE PRESENTS: THE UNDERSIGNED DOES HEREBY CERTIFY THAT THIS SURVEY WAS THIS DAY MADE ON THE GROUND OF THE PROPERTY LEGALLY DESCRIBED HEREON AND IS CORRECT, AND THAT THERE ARE NO DISCREPANCIES, CONFLICTS, SHORTAGES IN AREA, BOUNDARY v 1 CTS, ENCROACHMENTS, OVERLAPPING OF IMPROVEMENTS, VISIBLE UTILITY LINES OR ROADS IN PLACE EXCEPT AS S SAID PROPERTY HAS ACCESS TO AND FROM A DEDICATED ROADWAY, EXCEPT AS SHOWN HEREON. *t • \* THIS TRACT IS NOT IN A FLOOD PRONE AREA ACCORDING TO AREA MAPS. 0. G. LEPPIN 2' 2168 O• B <'d,.. en LEPPIN ENGINEERING. INCORPORATED 2803 WILLIAMS DRIVE, SUITE 106 GEORGETOWN, TEXAS 78626 1. 512- B63 -B161: AUSTIN 255 -7655 0. G. LEPPIN, P.., RE ISTERU PUBLIC SURV 1' KO. 2168 Exhibit 2 of Modification Agreement Ms. JoAnne Land, City Secretary City of Round Rock 214 East Main Street Round Rock, Texas 78664 Re: Bid to Exchange a Future interest in certain real property for the City of Round Rock's future interest in Old Settlers' Park Dear Ms. Land: November 4, 1985 Old Settlers' Association of Williamson County, Texas ( "Old Settlers ") hereby extends its Bid to Exchange a future interest in that certain tract of land described on Exhibit "A" attached hereto and incorporated herein (the "Exchange Land "), for the future interest which the City of Round Rock holds in that certain 10.969 -acre tract of land currently known as Old Settlers' Park, which the City of Round Rock offered to sell or exchange by public notice published in the Round Rock Leader on October 17, 1985 and on October 21, 1985. In exchange for the City of Round Rock's future interest in Old Settlers' Park, Old Settlers will arrange, in accordance with applicable law and regulations, to have a deed delivered to the City of Round Rock conveying a fee simple absolute interest in the Exchange Land, such conveyance to be effective if and when Old Settlers is dissolved by operation of law, or time. This deed will give the City of Round Rock a future interest in the Exchange Land, which is substantially identical to the future interest which the City of Round Rock currently holds in Old Settlers' Park. It is expressly understood, however that this Bid to Exchange is contingent upon Old Settlers' acquiring the Exchange Land. In the event that Old Settlers does not acquire the Exchange Land, this Bid will terminate and become null and void. Sincerely yours, OLD SETTLERS' ASSOCIATION OF WILLIAMSON COUNTY, TEXAS EARNEST MONEY CONTRACT THE STATE OF TEXAS X X KNOW ALL MEN BY THESE PRESENTS: COUNTY OF WILLIAMSON X W I T N E S S E T H: This Earnest Money Contract, herein referred to as the "Contract ", executed by and between THE CITY OF ROUND ROCK, TEXAS, OF WILLIAMSON COUNTY, TEXAS, a Municipal Corporation, herein referred to as the "Purchaser ", and PALM VALLEY LUTHERAN CHURCH OF ROUND ROCK, TEXAS, a Texas non - profit corporation, herein referred to as the "Seller "; WHEREAS, the Seller is the owner of approximately 41.334% undivided interest in and to the property described in Article I below; and WHEREAS, the City of Round Rock, Texas and The Old Settlers Association of Williamson County, Texas (the "Association ") desire to acquire such undivided interest for the ultimate purpose of creating a park on portions of the property for the use by the citizens of Round Rock and the members and guests of the Association; and WHEREAS, the Seller is desirous of selling its undivided interest in the property to the City of Round Rock and the Association. NOW, THEREFORE, subject to the terms and conditions set forth herein, and for and in consideration of the mutual covenants and contracts set forth herein, the Purchaser and the Seller hereby agree as follows: ARTICLE I THE PROPERTY 1.1 Description. Seller agrees to sell and convey and Purchaser agrees to purchase and pay for an undivided 15.281 percent interest (the "Undivided Percentage Interest ") (subject to adjustment as provided below) in and to the following described real property, all of which is referred to in this Contract as the "Property ", to -wit: That certain tract of land described in Exhibit "A" attached hereto and incorporated herein by reference for all purposes. 1.2 Appurtenances. The Property, as defined above, shall include all rights and appurtenances pertaining to the Land including all the Seller's interests in any easements appurtenant to the Property, all of Seller's right, title and interest in and to adjacent streets, roads and rights of way, gores of land, rights of ingress and egress, waters, water courses, water rights and all of Seller's right, title and interest in and to any and all mineral rights and /or royalty interests and any reversionary interests thereto and all execution and executory rights in and to the mineral estate in, on and under the above described property. ARTICLE II TOTAL PURCHASE PRICE AND PAYMENT 2.1 Total Purchase Price. The total purchase price to be paid by the Purchaser to the Seller for the purchase of the Property shall be calculated as follows: the aggregate number of acres found to be contained within the Property (as per survey to be obtained below) times the aggregate total undivided interest owned by Seller in the Property minus 111.111 acres (the "net acres" to be conveyed to the Association below) equals the "remaining net acres" times $18,090 equals the Purchase Price. 2.2 Calculation of Purchase Price and Undivided Percentage Interest. It is understood and agreed that Seller owns approximately 41.334% undivided fee simple interest in the Property and that Seller is selling and conveying to Purchaser and the Association its entire undivided interest in the Property. The Seller has contracted to convey to the Association the portion of its undivided interest in the Property calculated in the Earnest Money Contract between the Seller and the Association of even date herewith for the sale and purchase of the Property, reference to which Earnest Money Contract is heremade for all purposes. The balance of Sellers undivided interest in the Property (that is: 41.334% minus the undivided interest conveyed to the Association) shall be conveyed to the Purchaser. For example, if the undivided interest to be conveyed to the Association is determined to be 26.053 %, then the Undivided Percentage Interest to be conveyed to Purchaser hereunder shall equal 15.281 %. 26.053% plus 15.281% equals 41.334 %. In addition, should the aggregate number of acres found to be contained within the Property be equal to 426.48, then the Purchase Price would be calculated as follows: 426.48 acres times 41.334% equals 176.28 acres minus 111.111 ( "net acres" conveyed to Association) equals 65.17 ( maining net acres ") to be conveyed to Purchaser) times $18,000.00 equals $1,173,064.40 (total Purchase Price). the total number of acres in the Property or the total undivided interest of the Seller is determined to be different than stated in the preceeding sentance, then the foregoing calculations will be revised using the correct numbers and percentages and the Purchase Price will be adjusted accordingly. If it is determined that the Seller owns or may have a claim to more than 41.334 undivided interest in the Property (the "Excess Interest "), but Seller is unable to convey such Excess Interest at the Closing set forth in paragraph 5.1 below, the Purchaser agrees to purchase such Excess Interest from the Seller upon the same terms and conditions as specified herein within 60 days of Seller being able to convey good and indefeasible title to same. This obligation shall survive the Closing set forth in Paragraph 5.1 below. 2.3 Manner of Payment. The total purchase price for the Property as determined by Section 2.1 herein, shall be payable in cash at the closing. 2.4 Earnest Money. Purchaser has deposited with Seller the sum of $1,800.00 in cash (the "Earnest Money "). All cash Earnest Money shall be applied as a credit to the Purchase price. ARTICLE III COVENANTS, REPRESENTATIONS AND WARRANTIES 3.1 Seller's Covenants, Representations and Warranties. To induce Purchaser to enter into this Contract and to purchase the Property, Seller hereby covenants, warrants and represents to Purchaser as follows: A. Seller's Authority. To the knowledge of Seller, Seller has the full right, power and authority to enter into this Contract as Seller, and to carry out Seller's obligations, including the conveyance of the Property to Purchaser as provided in this Contract, without the joinder of any other person or persons. Seller shall provide Purchaser and the Title Company with such evidence of Seller's authority as Purchaser and the Title Company may reasonably require. B. Parties in Possession. To the knowledge of Seller, there are no parties claiming adverse possession of the Property. As to Seller's Undivided Interest in the Property, there will be no outstanding written or oral leases or agreements relating to the use or possession of the Property that cannot be terminated on or before December 31, 1985. C. Pending Proceedings. To the knowledge of Seller, there are no (and on the Closing Date there will not be any) actions, suits or proceedings pending or threatened against Seller or the Property which could materially adversely affect the Property. D. Easements and Leases. Prior to Closing, Seller shall not create or allow to be created any easements or other conditions affecting any portion of the Property without the prior written consent of the Purchaser, nor will Seller assign, modify or terminate any easements appurtenant to or for the benefit of the Property prior to Closing without the prior written consent of Purchaser. Prior to Closing, Seller shall not create, modify, renew or extend any leases on the Property without the prior written consent of Seller. E. No Liens. From and after the date hereof, Seller will not sell, assign, or create any right, title or interest whatsoever in or to the Property or create any lien encumbrance or charge thereon, other than those expressly permitted hereby, without promptly discharging same. F. No Contracts. Except as provided herein, Seller has not entered into any contract, option or other agreement granting any person the right to purchase or acquire the Property or any interest therein. It is understood, however, that Seller intends to sell the remaining portion of its undivided percentage interest in the Property to the Association. G. Topography. Prior to Closing, Seller shall take no steps to alter or change in any material way the natural topography, drainage and vegetation of the Property. H. Restrictions. No restrictions on the use or disposition of the Property of the Property will be placed on the Property by Seller. I. Zoning. Prior to Closing, Seller shall not institute nor participate in any proceedings to change the present zoning classification for the Property. J. Title. Seller will convey to Purchaser at the Closing, good, indefeasible fee simple title to the Undivided Percentage Interest in the Property subject only to the Permitted Exceptions. To the knowledge of Seller, the Property contains approximately 426.48 acres of land; Seller's total undivided percentage interest in the Property is equal to approximately 41.334 %, which represents approximately 176.28 net acres out of the 426.48 gross acres contained within the Property; and William D. Kelly is presumed to own the remaining 58.666% undivided interest in the Property, which represents approximately 250.20 net acres out of the 426.48 gross acres in the Property. K. No Planned or Public Improvements. Seller has no notice or knowledge of any planned public improvement which may result in special assessments against the Property and no governmental agency has served any notice requiring repairs, alterations or correction of any existing conditions. L. No Adverse Change. Seller shall promptly notify Purchaser in writing of any material adverse change which occurs prior to Closing which would affect either the Property, its value, or the ability of Seller to convey good and indefeasible title to the Property. M. Mineral Estate. Seller shall convey all of Seller's right, title and interest in and to the mineral estate in, on and under the Property together with all execution and executory rights relating to said mineral estate. N. No Partition. Seller shall not enter into any voluntary partition of the Property nor commence any partition proceedings against the owner of the remaining undivided interests in the Property, unless Purchaser consents in writing to such actions. Seller shall promptly notify Purchaser if any partition proceedings are proposed or instituted by the owner of the remaining undivided interests in the Property. Failure of any of the above representations and warranties to be true and correct on the date of Closing shall permit Purchaser, at Purchaser's option, to terminate this Contract. 3.2 Conditions to Closing. Purchaser's obligations to consummate the transaction contemplated hereby are expressly conditioned upon the following: A. The covenants, representations and warranties set forth above being true and correct as of the Closing. B. Seller having entered into an Earnest Money Contract with the Association for the sale to the Association of the remaining portion of Seller's undivided percentage interest in and to the Property, and such sale being consummated on the same date as the sale contemplated by this Contract. C. Purchaser and the Association being able to lawfully consummate their respective obligations under their respective contracts with the Seller. D. Without the written consent of Purchaser first having been obtained, no proceedings to partition the Property shall have been instituted by Seller or Seller's co- tenant in the Property nor shall the Property have been voluntarily partitioned. If for any reason any or all of the above conditions to Closing have not been fully completed to the satisfaction of the Purchaser prior to Closing, Purchaser shall have the option to (i) terminate this Contract and receive back the Earnest Money; (ii) extend the Closing Date for up to 60 days in order to give Seller and /or Purchaser time to complete such condition; or (iii) waive any such condition and close this transaction as contemplated on the scheduled Closing Date. ARTICLE IV TITLE AND SURVEY 4.1 Property Title Binder. Seller has furnished to the Purchaser a Commitment for Owner's Policy of Title Insurance (the "Title Commitment ") issued by Georgetown Title Company (the "Title Company ") dated August 29, 1985, bearing GF No. 85081581, a copy of which is attached hereto as Exhibit "B ". 4.2 Review of Property Title Commitment. Purchaser agrees to accept title to the Property subject to the matters listed on Schedule "B" of the Title Commitment; however, Purchaser requires as a condition to its obligation to close this transaction that: (i) the Title Company issue a revised Title Commitment which states in Schedule A, Item 1 that Purchaser is the insured, and in Schedule A, Item 3 that record title to the Undivided Percentage Interest appears to be vested in the Seller; and (ii) Items 9 through 12 on Schedule C of the Title Commitment be satisfied by Seller or waived by the Title Company on or before the Closing Date. 4.3 Property Survey. Purchaser may obtain a current survey of the Property, should Purchaser so desire, at Purchaser's expense. 4.4 Review of Survey. If the aforementioned survey reveals discrepancies, encroachments or protrusions in boundary lines or other matters not satisfactory to Purchaser, then Purchaser shall give notice to Seller of such fact. If Seller is unwilling or unable for any reason to cure unsatisfactory items on or before the Closing, then Purchaser may either waive such unsatisfactory items or terminate this Contract, in which event the Earnest Money will be returned to the Purchaser. ARTICLE V CLOSING 5.1 Time and Place. Subject to the satisfaction or waiver of the conditions herein by Purchaser, the Closing of the sale of the Property shall take place in the offices of Pioneer Title Company, Austin, Texas (or at such other place that the Seller and Purchaser may mutually designate) on or before January 17, 1986, at a time and date designated by Purchaser (sometimes referred to herein as the "Closing" or the "Closing Date "). 5.2 Events of Closing. At the Closing, the Seller shall execute and deliver to the Purchaser: A. A properly executed General Warranty Deed in recordable form conveying the Undivided Percentage Interest in the Property to the Purchaser, subject only to the Permitted Exceptions and any objections waived by Purchaser. B. A Texas Form Owner's Policy of Title Insurance issued by the Title Company at the Purchaser's expense and conforming to the terms of Section 4.1 and 4.2 above. C. Tax certificates showing that all taxes assessed on the Property for all years prior to the year of Closing have been paid in. full. D. A Release of Lien duly executed by the holders of all liens on the Property. At the Closing, Purchaser shall deliver to Seller cash in the amount set forth in Section 2.1 above. In addition, each party will provide to the other or to the Title Company, or both, whatever documentation may be reasonably requested in order to consummate this transaction. 5.3 Expenses of Closing. With reference to the Closing, it is understood and agreed that the Purchaser shall pay the escrow fee charged by the Closing, the premium for the Owner's Policy of Title Insurance, and the cost of the Survey of the Property. The Seller shall pay the cost of recording the Warranty Deed and its own attorney's fees. 5.4 Prorations. Real estate ad valorem taxes shall be prorated to the date of Closing, based upon actual days involved. In the event actual figures for the year of conveyance are not available at the Closing Date, the previous year's taxes times 150% shall be deemed to be the same for those of the year of conveyance for proration purposes. If the taxes for such year are more or less than such deemed amount, an appropriate adjustment will be made between the parties. This obligation shall survive the Closing of this Contract. The Purchaser shall pay any additional taxes assessed based on change in use or ownership of the Property, which obligation shall survive the Closing of this Contract. ARTICLE VI TERMINATION, DEFAULT AND REMEDIES 6.1 Permitted Termination. This Contract may be terminated by Purchaser prior to the Closing because of a failure of one or more of the representations, warranties, conditions or covenants set forth herein (a "Permitted Termination "). In such event, Purchaser shall notify Seller and neither party shall have any further rights or obligations hereunder, and all earnest money shall be refunded to the Purchaser. 6.2 Default by the Purchaser. If the Purchaser refuses to purchase the Property for any reason other than (i) a Permitted Termination; or (ii) the Seller's refusing to cure or inability to cure any material title or survey objections Seller shall have as its sole and exclusive remedy hereunder the right to receive the Earnest Money from the Title Company as liquidated damages and not as a penalty under any circumstances. It being agreed that such sum represents a fair estimate of the amount of damage Seller would sustain if Purchaser were to default hereunder. 6.3 Default by the Seller. If the Seller refuses to consummate this Contract for any reason other than the Purchaser's prior default, the Purchaser shall be entitled to (a) enforce specific performance of the Seller's obligations under this Contract; (b) have the Earnest Money returned and recover from the Seller reimbursement of any expenses incurred by Purchaser in connection with this Contract. 6.4 Attorney's Fees. If it shall be necessary for either the Seller or the Purchaser to employ an attorney to enforce their respective rights pursuant to this Contract because of the default of the other party, the defaulting party shall reimburse the non - defaulting party for reasonable attorney's fees. ARTICLE VII GENERAL PROVISIONS 7.1 Notices. All notices, demands and requests and other communications required or permitted hereunder shall be in writing, and shall be deemed to be delivered when actually received, or, if earlier and regardless whether actually received or not, upon deposit in a regularly maintained receptacle for the United States Mail, registered or certified, postage prepaid, addressed to the addressees as follows: If to the Seller: With a copy to: With a copy to: Palm Valley Lutheran Church of Round Rock 2500 Palm Valley Blvd. Round Rock. Texas 78664 Cynthia M. Whitlow 114 West Eighth Georgetown, Texas 78626 If to the Purchaser: The City of Round Rock, Texas Williamson County, Texas c/o Jack A. Harzke 214 East Main Street Round Rock, Texas 76501 Don Wolf 214 East Main Street Round Rock, Texas 76501 7.2 Governing Law. This Contract is being executed and delivered, and is intended to be performed, in the State of Texas, and the laws of such State shall govern the validity, construction, enforcement and interpretation of this Contract, unless otherwise specified herein. The place of performance for all obligations arising out of this Contract shall be in Williamson County, Texas. 7.3 Entirety and Amendments. This Contract embodies the entire agreement between the parties and supersedes all prior agreements and understandings, if any, relating to the Property and may be amended or supplemented only by an instrument in writing executed by the party against whom enforcement is sought. 7.4 Invalid Provisions. If any provision of this Contract is held to be illegal, invalid or unenforceable under present or future laws, such provisions shall be fully severable; the Contract shall be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised a part of the Contract; and the remaining provisions of the Contract shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable provision or by its severance from this Contract. Furthermore, in lieu of such illegal, invalid or unenforceable provision, there shall be added automatically as a part of this Contract a provision as similar in terms of such illegal, invalid or unenforceable provision as may be possible and be legal, valid or enforceable. 7.5 Parties Bound. This Contract shall be binding upon and inure to the benefit of the Purchaser and the Seller and their respective heirs, personal representatives, successors and assigns. 7.6 Further Acts. In addition to the acts recited in this Contract to be performed by the Seller and the Purchaser, the Seller and the Purchaser agree to perform or cause to be performed at the Closings or after the Closings any and all such further acts as may be reasonably necessary to consummate the transactions contemplated hereby. 7.7 Condemnation. Seller hereby represents and warrants to Purchaser that Seller has not been notified verbally or in writing of any threats of condemnation by any public authority and Seller hereby agrees that in the event Seller receives such notice or threat of condemnation of the Property in its entirety or any part thereof, he shall immediately give written notice of such threat of condemnation to Purchaser and Purchaser, at his option, may elect to void this Contract or to close the purchase contemplated herein subject to the threat of condemnation. It is further agreed that in the event of any threat of condemna- tion of the Property in its entirety or any part thereof prior to the Closing of the purchase of the Property, the purchaser may appear before the condemning public authority and may defend the condemnation or may negotiate a sale of the Property or part thereof being condemned pursuant to the threat of condemnation and Seller may receive the entire proceeds of the condemnation or sale under the threat of condemnation, as the case may be, and (subject to the next sentence) all such proceeds received shall reduce the purchase price to be paid by Purchaser to Seller. If the proceeds from the condemnation or sale pursuant to threat of condemnation exceed the purchase price stated in Section 2.1, the excess will be paid to Purchaser. 7.8 Waiver. Each party hereto shall have the right to waive any provision contained in this Contract for their benefit. 7.9 Brokerage Commission. The Seller and the Purchaser represent and warrant to one another that neither has contracted with any real estate broker, salesman, finder or other party in connection with this transaction, and that neither has taken any action which would result in any real estate brokerage commission or fee being due or payable to any party with respect to the transaction contemplated hereby. Each party hereto agrees to indemnify and hold the other party harmless from any loss, liability, damage, cost or expenses (including reasonable attorney's fees) resulting to the other party by reason of a breach of the representation and warranty made by such party herein. 7.10 Date of Acceptance. The "effective date" as used in this Contract shall be date upon which the Contract is executed by the Seller. ATTEST: EXECUTED the dates specified below. E LAND, Ci ty Secretary PURCHASER THE CITY OF ROUND ROCK, TEXAS By: 7-1464e � / // ® , Mayor / 2, Date : 4 e ) I ( 9/ OSAChurchEMC 101085 SELLER PALM VALLEY LUTHERAN CHURCH ROUND 'l C , TEXAS By: By: By: Dwgh dr amb Vice Chairman Anita Lanning, Secretary By Katherine Wallin, Treasurer Date: A) nurm bEr , 7)q £f5 STEGER & Batten„ lid@. • • So. .,° • K, FIELD NOTES Po8 T88 A. J. PAIN ISTAfgs BEING 426.48 scree of lad, of slice 232.49 acres ass situated in the Willis Donaho Jr. Survey, Abstract Mo. 173, and 173.79 acres are situated in the P. A. Solder Survey, Abstract Mb. 297 to Williamson County, Texas; said lied balms the remainder of tfMI certain tract of land, called 1St acres, r osovsysd to Aadrar J b dead as recorded in Volume 29 ° 'Page 192, the ramsioder of that tract of land, called 193 acres, as oawsysd to Ilisi Omus7.eoo.illMgem by deed as recorded in Volume 14,. Pegs all 01 that airlole tract of land, called 8 1/10 aerse,'p.suegsd .tun 1oar1 •J. Webs dead as recorded in Volume 48, Pass 113, all at Net oarteln treated lend, called 112 acres, as conveyed to rdrsu M. Maim by.deed es recorded is Volume 8, Page 466, the remainder of that certain tract of Lod, called 28 1/5 acres, as 000veyed to Andrew J. Palo by dead ea recorded in Volume 13, Page 386, and the remala'er of that cartels tract of ae land, called 12 scree, as .vsyad to Aintree J. Fels by deed as recorded in Volume 29. Pass 192 of the Deed Bawds of Villiasmen County, Texas. Surveyed on the ground in the month of Jams, 1980, ,order the supervision of Don 8 11aaell. Registered Public Surveyor, and being more particularly described in Two Parts, as follow: Tract No. 1 (424.06 Acree) BEGINNING at as iron pin foxed at a fames corner, can or Sear the North line of the P. A. Solder Survey, Abstract No. 297 ed the South line of the Willis Dosaho Jr. Survey, Abstract Bo. 173, marling the N.N. corner of the above - referenced 112-acre Pala tract, for a northwesterly corner hereof; THENCE, with a fence along the Yost lime of the said 112 -acre tract, 5 1 54' W, 1718.31 face to an iron pipe food, and 8 1° 10' V, at 631.02 feet pass the center of Cho:dler Bseoab; said pilot being the S.V. corner of the said 112 -acre Treat earl the S.Y. corner of the above - referenced 28 1/5 -acre tract, and oseRinuing far a total distance of 1322.72 feet, in all, to an iron pie art, for the M.N. career of the above- referenced 12 - acre tract, and am interior oornar hereof; THENCE, N 88' S0' 0, 187.36 foot to a point in the center of Chandler Branch, for the most northerly S.Y. career of the esid 12 -sere tract and a northwesterly corner hereof ;. THENCE, along the centerline of Chandler Branch with its meanders as follows: S 12° 12' W, 273.98 feet to an iron pin eat, and S 67° 25' W, 224.52 feet to a point sat, for the most westerly B.V. corner of the said 12 - acre tract, for the most southerly B.Y. corner hereof; THENCE, with a fence aloes the West lime of the said 12 -acre tract, 5 0° 19' W, at 116.0 feat pass an ire, pin found, for a total distance of 995.27 feet. in all, to an iron pin found on the North line of U.S. Highway lo. 79, for the S.W. corner.jesraof; THENCE, N 66° 12' 8, 109821 feet, aloes the said Beath line of U.S. Highway No. 79, to an iron pin set at a Cedarcarmsr post, on the East line of the said 28 1/5 -acre tract, for the asst ssathsrly S.E. corner hereof; - • THENCE, with a fence aloes the said gist lies of the 28 1/5 -acre tract, as follows: N 1° 04' 8. 796.90 feet to an iron pia set; 8 88 18' T. 16.74 feet to se iron pis tea; M 0° 26' 8, 965.47 feet to an iron pin set; and N 8' 31' 8, 215.33 feet to as iron pin set in the center of Chandler 8rancb; said point Wog the 5.8. corner of the said 28 1/5 - acre tract and an interior corset hereof; EXHIBIT A Page 1 of 3 Job No. S5861 Revised 9- 23-80. FIELD NOTES POS SIAC!•98. 1. A..1 aug m.TA?w. gm" THENCE, along the costar 01 Chandler 9tasch Vita its menders as follows: S 89° 50' E, 241.88 feat OS as free pis set; 8 34' 80' 8, 439.36 feet to an iron pia set; $ 46 04' 1, 137.37 het to a s seti.8 52 54' E, 249.39 feet to a mail est; ■ 79° 17' 8,•183.; fp so a ism Is pin set; N 70 27' 2, 274.42 fast is se tree pis setg 41' 8, 180.92 feet to a nail satin 11 38' 8, 416.08 feet to air; ;ism Os at; N 44° 18' E, 500.17 feet te• tree pia set; 9 21 11 249.21 feet to a nail set; 9 22° 32' 9, 180.01 feat to a /sets 9 33' 28' 8, 206.40 feet to ea free pia sea; 911 18' 1, 170.8 fast W a psiet; 8 58' 57' E, 75.88 feet tea /slat; eel 9 8M 56' 1, 71.8 hat to • point, for the 8.3. corner of as odd 112 -acre tract ae4 a southeasterly corner hereof; said point also boles se or peer She lest lima of the P. A. Holder Survey, Ahsepct b. 247; THENCE, with a face, 9 0' 49' 9, 401.16 fest to es iron pin eat; and N 0 20' 8. 473.04 feat to am Cola pia set. for the N.B. corner of the said 11I - acre crest, sad the 4.14 cornea et the above- referenced 157 -acre tract; said point aloe basal at or meet the 9.8. corner of the said P. A. Molder Sesvey, Abstract b. 297, sod the most southerly S.E. corner of the self Alta /ends Jr. sump, Abstract b. 173; N 14 13' V, 346.82 fest to as Ins lids set se the tap Of a flood control dam; and cronies a need asetre1 reeeewLr, 9 7 06' W, 1272.38 feat to se Irma pip set at a feats comer somblag the S.V. corner of the above- referacef 193■ocre trust tor ea IsOsrlsr envier hereof; said point being at or mass se inearist carper 08 100 s..id {1;111. Doaaho Jr. Survey. Abstract b. 173; THENCE, with a face am the South lima of this amid 193 -acre tract and along or sear a southerly lima of Ida itillla Ossahe Jr. Sovvey, Abstract No. 173 as follows; 8 8N 13' 8, 1182.01 feet to ea trap pis found, and N 89 00' 8, 869.29 fast to se trop pie se, for the meet easterly S.E. corner hereof; THENCE, 8 0' 12' 8. 2,344.06 feet to se Twos pis set se the South line of County Egad lo. 113, for the 9.8. corner hereof; THENCE, along the said south lime of County lead b. 113 as follows: West, 2591.08 feet to ea fans pie set, 8 44 57' 1, 744.72 feet to a iron pin set; 8 83' 53' W, 115.44 feet to Ives pip set, and 9 72 06' 9, 115.54 feet to a cut atone monument fond at face corner, for the lost northerly N.W. corner hereof; THENCE, S 1° 24' W, 524.23 feet to a cut stone memasmnt found at a fence corner, for an interior corner hereof; THENCE, S 89 06' V. 357.36 feet to a cut atoms saeass.t found at a fence corner, marking the N.V. corner of the above-referenced 8 1 /10 -acre tract, for a northwesterly corner hereof; THENCE, S 6' 29' V, 58.61 fast to a sell net in s 12 Bsckberry and S 0° 13' V, 3355.08 feet to ,a cut atone ueasmeat found at a fence corner marking the S.W. corner of the said 8 1/10 -aces tract; said point also being on or near the said Seed; line of the 11111a Domeho Jr. Survey No. 173, and the . A said bred lima of the P. A. Bolder Survey. Abstract 80. 297, for an interior carpet beroef; • THENCE, with a fence slams the North lime of the said 112 -acre tract. N 89 10' W, 1603.53 feet to the place of 8861181144 end containing 424.06 acres of land. STEINR d B' LL. bst. Mem ^ "1 C A, a. aF w Ur •e rams • EXHIBIT A Page 2 of 3 Job 90. 85861 Reprised 9- 23 -80. 4 Tract No. 2 (2.42 411811)* SECTOR= at am•irso film% for do SA. 28 1/5-etre Ni. Tam1 . tie lbe 2.1 UMW the ebove-referenced THEWS, 2 If' 37' 1, et 212.1 toot pole Obs S loom of tbs said. 29 1/5-.tr. Mallen ofiltho &is mom of 2110111surooforsocof 12-ecre 1u LawatiAssaiss feusimmt4 • from pia set so slollmile WOW assail 11.111is fatlroad, for the mot sosoody SUM usd ' . ! TRENCH, M if 12' 2, 738631 foot, aims Obs mill bulb 11oe of the Missouri Pacific Islis kalm ma.saella lose Me et tbe meld 28 1/5 - acre tract, as tea 1.8. emir Wats . . . THENCE, 8 0' 23' 2, 30701$ hot oo tho Amos of 111111•1112 sod containing 2.42 acres of lemd. STATE OF TEM COMITY 01 MUMS Jr k ... „..... . Massa • 11416,ftps, • • ; ; • W/A4 AL NI Int IIIIIMITS1 .1 • 1' I • • . 1, Don 2. IMOsiond 246 122 . 1221Opeo,Ablimok esettly that the ab000-dessrabod 022 0 - 43oollosfolvipolivillo pi mina ay personal oaporviolootlimlis uss61 has. fel% mg Oat soff deacriptios Os true ad mom of Oft bos2 of virkiiihofle mod belief* =TNT 22302,-1111111332,121WooefloWIP 12111oloso County, Tamp thla 110 11 11 1 1 104 el Mei 11N • : e ' • esnoonw wisook relemei, niin foe 3 of 3 ' Job Os. 22061 Sovloof 9-23-80. saiterr A I f� /f • p r � �"..� I • ol tom;..w- ZL +y ` t i r� [/ ' , s�� ��+•�, •. +s { i a� t6 f f � s � a / , • FORMNO. 1.142 Yoko. Ce,nm,Imrn1. 1970 II Nd 3.1.66 COMMITMENT FOR TITLE INSURANCE ISSUED BY TRANSAMERICA TITLE INSURANCE COMPANY Transamerica Title Insurance Company a California corporation, herein called "the Company" hereby commits to issue its policy or policies of title insurance. as identified in Schedule A. in the form now promulgated by the State Board of Insurance. in favor of the proposed Insured(*) named in Schedule A, as owner or mortgagee of the estate or interest described in Schedule Ain the land described in Schedule A, upon payment of the premiUm anc4. charges there** all sabre to the provisions of Schedules A. B and C and to the Conditiens Md urea. doll be elective oak alien file it ff :`' ilfaYnad(a) w aunt of the policy or policies wed ter have been biaerlid Ia Sihedule A hereof by MB This commitment is solely preliminary to the issuance' of such policy or policies of title insurance and the liability and obligation of the Company to the proposed insured shall be limited to the express terms of this commitment. All liability and obligations hereunder shall Geese and temunate ninety (90) days after the effective date hereof, or when the policy committed for shall issue, whichever occurs first, provided that the failure to issue such policy is not the fault of the Company. In witness whereof, The Company has caused this commitment to be signed and sealed as of the effective date of commitment as shown in Schedule A, the commitment to become valid and binding only when countersigned by an authorized signatory Transamerica Title Insurance Company `r) l��t :imlpirl .TlNeRiRre1 Woks C oodovrpos liars Pmoprmed Insured: Proposed Borrower: (d) Other: Premed Insured: SCHEDULE A CF No. or File No. GF 85081581 KU Commitment No.: Usctiw Date of C on:111m M e1wi Za ,ltd, - o'elmek 1. Patic os or PoYoy to be Weed: W Foram T4: Owner Poky of Titre Isrurseee Amount: Propuol hoomois (b) ?ono T4: M rtgapm May of Tide Ira.. AsmrraR: $ 101e -area M Proprrdlaruads NORM ROM ROCK PropaedRmoro+mrr: PALE! VALLEY LUTHERAN CRUNCH OF ROUND ROCK 2. The estate or interest in the land described or referred to in this Commitment and covered herein: FEE SIMPLE 8. Record title thereto at the effective date hereof appears to be vested In: SEE SCHEDULE C ITEM NO. 10. Amount • $ 4. The land referred to in this Commitment is described as follows: TRACT I: BEING 424.06 acres, more or lees, situated in the William Donaho, Jr., Survey, A -173, and the P. A. Holder Survey A -297, in Williamson County, Texas, and being more fully described by metes and bounds as shown on Exhibit "A" attached hereto and made a part hereof. Continued on next page Form No T.A0•142 2 Of 050011101 KU NCHADULS A — Custiawd TRACT 11: BEING 2.42 acres, more or less, situated in the P. A. Holder Survey A -173, in Williamson County, Texas, and being more fully described by metes and bounds as shown on Exhibit "A" attached hereto and made a Part hereof. Transamenoa br)7vvI.V1 rev Form No T- AG.142,3 SCR=DULIC B Schedule B of the policy or policies to be Issued will also contain the following exclusion* and exceptions: The policy will be subject to the Conditions and Stipulations thereof, the terms and conditions of the instru- ment creating the estate insured, if any, shown in Schedule A, and to the following matters which wUl be additional exceptions from the coverage of the policy: 1. The following restrictive covenants of record itemised below, but in any mortgagee policy of title insurance or mortgagee title policy binder on interim eooatructlon loan, the Company will guarantee that any such restrictive covenants have not been violated se as to affect, and that a future violation thereof will not effect the validity er priority of the insured mortgage. BORE OF RECORD R. Any discrepancies, conflicts, or shortages b ss+ss or boandory linos, or attar eusr anhmsats, or any wee loping ef S. Tana for the per 2$_ aid a tnestaat yon, and wbaquent uses urnsob fler prior yew des he ohsap la tend rasp or oeraeeeblp. 4. Usury or claims of usury. (Mortgages Poi* or Martpps ?Ills Peter Binder au 'Meta CowNels the Loan only.) 6 Any right et winks eentsdaed is sal/ ONIIIPanii DIG lawa, aliesrpps Paw a Illselgegee 11111e Meg •idi tlir CaeeteeMYn Lero 6. No mated* have been famished or any hollow partessed iiO eoensaliem with Iheewebee ices esion. plated hereunder prior to the execution, acknowledgment, aaddotiseryd Melba Insisanatdsudlsd under SCHEDULE A hereof, if the land described under SCIIEDULB A forms lay pert of the Imo stead of the owner. (May be deleted if satisfactory evidence is furnished before binder is !hued.) (Mortgagee Title Policy Binder on Interim Construction Loan only.) 7. The following lien (a) and all terms, provisions and conditions of the instrument(a) creating or evi. dancing said Lien (s) : Nora 8. Rights and claims of co- tenants in the lend and minerals end to the rights of anyone claiming under them, including but not limited to rights of partition, claims for improvement, claims for reimbursement, creditor's claims. and agreements between co- tenants. 9. Electric line as shown on survey plat dated June 27. 1980. prepared by Don H. Bizzell Registered Public Surveyor No. 206.l 10. Easement dated August 29, 1925, from A. J. Palm to Lone Star Power Co., recorded in Volume 225, Page 31, Deed Records, Williamson County, Texas. 11. Easement dated October 14, 1936, from the Estate of J. A. Palm by L. M. Palm Administrator to Texas Power 6 Light Co., recorded in Volume 281, Page 464. Deed Records, Williamson County. Continued on next page Transamerica Tit le Services GP /15001501 KU Texas. BCNiCDULI • — antinued 12. Easement dated July 16, 1946, from the Estate of A. J. Palm by L. N. Palm Administrator, to Teaaa Power 6 Light Co.. recorded in Volume 337, Page 360. Deed Record,. Williamson County, Tues. 13. Easement dated November 23, 1953. from the Bstate of A. J. Pala by L. N. Palm Administrator. to Taxes Power 6 Light Co., recorded in Volume 393. Pap 240. Deed Records,' Williamson County. Tess. 14. Rosemont doted October 21. 1127, from A. J. Pala end wits, to, Texas Power a Light Cs., reseeded in Volume 2214. Pap 133, Deed Rseords. Williaasoa County. Ti... e 15. Sesoment doted April 12, 1465, from Nary H. Palm •t al to Brushy Creek Water Control sad Improvement District Ns. 1. recorded la Volume 477. Pogo 280, Deed 6 serds, Williamson Comity. Texas. 16. gassaaa% dated November 6. 1175. fres Mrs. Mors Stockmen sad Nary H. Pala to Southwestern Nell Telspiteao Co.. recorded In Volume 621. Pogo 295, Deed Records. Williamson County, Texas. N. 17. Rights et parties is possession. 16. Visible sad sllesvemt ssaswats, if asg.t Form NO T•AU • 142 2 Tdln cor v.rnc Transamerica ' OP x5081 La l ku SCHEDULE C Schedule B of the policy to be issued will also contain exceptions with respect to the following matters supposed to affect title to the hereinabove described property unless the following matters are disposed of to the satisfaction of the Company at or prior to the data of the issuance of the policy: 1. Instrument (s) crating the estate or interest to he insured must be approved by the Company, executed and filed for record. 2. Satisfactory evidence that no person occupying the property or any Portion thereof awns or claims may interest therein, either personally or by right of another, adverse to the present record owner as shown in Sehedais A. 8. Payment of the rte consideration to or for the eat of, the grantors or mortgagors. 4. Payment of all texas. charges sad assemments levied or assessed against the subject estate or interest which are mirrently due and payable. 6. Satisfactory evidence that at improvements author repairs med/er aWosMO/ West. ass oemplslad and acaipted by the owner and that all as keen sehowitraston, beams and wale seem bus been paid in full, and no mnsheaie'a, Wands or e;►ateriabara's leans have attached. 6. Any defect, lien, eacumlinence or other metier affecting or sumo* to title to the estate or h} tenet to be inured which may be glad er which may arise allesMe date Mosel. ,t 7. If a mortgagee policy of title humane is bs be rowed,' Sal mabieti is and rest lairs mss, if any, have net been violated se se bsselik sad Vise a i1Mw vieUliaa Smut will net West the validity or priority of the insured moricsapa 6. Vendor'e lien retained in deed .dated May 1, 1960; executed by Marguerite Palm Stockman to William D. Kelley, recorded in Volume 796, Page 264, Deed Records, Williamson County. Texas, and being additionally secured by Deed of Trust of even date therewith executed by William D. Kelley to Dale Illig, Trustee. and recorded in Volume 292, Page 216, Deed of Trust Records, Williamson County, Texas. securing a note of even date therewith in the principal amount of 137.500.00, payable to the order of MARGUERITE P. STOCKMAN, and subject to all of the terms, provisions and conditions of said deed of trust, including but not limited to any additional existing or future indebtedness also secured by said deed of trust. (This lien does not affect the interest of the Palm Valley Lutheran Church.) 9. We must be furnished with a resolution passed by the congregation and the board of directors authorizing the execution of the lien to be insured. The resolution should state that the action is taken pursuant to notice given at a regular prior meeting of the church and should state who is authorized to execute the related instruments. 10. Prior to making a determination as to the ownership of the property, requirements No. 11 and 12 must be fulfilled. 11. Andrew J. Palm and Carolena Nelson Palm acquired the subject Property by several deeds in the 1880'a. We find no affidavit Continued on next page GF 65081561 KU or heirship or probate of record on them. Therefore. we must be furnished with proper evidence, in recordable form establishing that the decedents died intestate end Identifying their heirs -et -law. Such evidence must also show the followings that all debts of the decedents have been paid, including those of last illness; that there are no stets inheritance or federal estate taxes owed by the decedents estate{ that no administration was had in said estates= and that no a dministratiosi,was necessary, or if they died testate we must be furnished certified copies of their probate proceeding for our examination and filing in Williamson County. 12. Regarding the heirs of Andrew J. Pala and Carolena Pals, there is an 011 and Os* Lease dated July 27. 192,, recorded in Volume 247.Pege 503, Deed Records, Williamson County, Texas. that was executed by Hrs. Lena Palm and eight of her children. Of the eight childrenlisted, we do not find a probate or Affidavit or Heirship filed on the followings Anna J. Pets, Mere Pala and Esther Kelley. Therefore, on each of them we'bust be furnished with proper'evidence, in recordable farm establishing that the decedent died intestate and identifying her heirs -at -low. Such evidence must also show the followings that all debts of the decedent have been paid, including those of l illness; that there ere no state inheritance or federal , tssso owed by the dw*doat•s estates that no adadnistrO has in said satin*: and that no adalnistrotiom wen mom. or it ohs dlsd testate we bust be furnished certified *opise of b er probate proceedings for our examination and filled in Millisason Counts, 13. Tex information has been requested end will be furnished upon receipt. Please collect *20.00 et closing. Fo,m No T AQ• 142 2 SCHEDULE c —Gateau.* 1r Transamerica l:rULlUbttbi KU 1. OFFICIRS: President David R. Porter Bescutiv, Vice President Barley D. Brown Secretary Prederic B. Franklin Treasurer Frank C. Fribisy DIBICTDIB 'theme. G. Mammy Meet A. Christie Cary L. D.polo Jame. I. Mammy Charles V. Cordless 'O n YIYedMRA1CR TITLE CO PAR bCHRDQI,t D (TO 6r ATTACKED To Cd*IITlallT FOR TITIi IISUTAMCC) Frank C. Barringer Blair C. Pascoe David B. Prerter Arthur I. Van Leuven 2. 1 s ettuad Inhibit los disclosure by Title Issureess Agent. 3. You ars entitled to receive advance disclosure of settlement cherees is camnsctias with the proposed transaction to vbidb s commitment re Upon pour regwst, such disclosure will be eses , I.qh. ;x name of any person, firm or eerpor:rlo =-- Adi e w 1y She You are fir advised ebee the eseiamilmii -silk premium is, Owner's Policy + Mortgagee Policy $ . Indorsement charges $ Total $ 2 911 00 Of this total amount. $ (05 20 $) will be issuing Company; $ ( paid to the policy Title Insurance Agent; and the remainder of the estimated teeming paid to other parties as follows: Amount (or %) To Whom Services CYPTNI I WNSTLOW *The estimated premium is based upon information furnished to us as of the date of this commitment for Title Insurance. Final determination of the amount of the premium will be made at closing in accordance with the Rules and Regulations adopted by the State Board of Insurance. ANN E. ENGLES (5121 460 -5666 Ms. Joanne Land City Secretary City of Round Rock 214 East Main Street Round Rock, Texas 78664 Dear Ms. Land: AEE:kld Enclosure RAVES, DOUGHERTY, HEARON & MOODY ATTORNEYS Alp-AW 2300 INTERFiRST TOWER POST OFFICE SOX 99 AUSTIN, TEXAS 78767 TELEPHONE: (5121 460 -5600 September 25, 1985 Re: Proposed Sale of Reversionary Interest in Old Settlers Park Thank you very much for your assistance in this matter. Yours very truly, Ann E. Engles TELECOPY: (5121 478-1976 Enclosed you will find a Notice to Bidders of a Proposed Sale or Exchange of Real Property, regarding the above - referenced property. Please confirm with Don Wolf that the language is appropriate and forward the Notice to the Round Rock Leader. We hope to have the Notice run on Monday, September 30, 1985, and Thursday, October 3, 1985, with the final date for receiving bids being Thursday, October 17, 1985. NOTICE TO BIDDERS OF PUBLIC SALE OR EXCHANGE OF REAL PROPERTY SEALED BIDS WILL BE ACCEPTED BY THE CITY OF ROUND ROCK FOR: A REVERSIONARY INTEREST IN A 10.969 -ACRE TRACT OF LAND CURRENTLY KNOWN AS "OLD SETTLERS PARK," BEING A PORTION OF THE JACOB M. HARRELL SURVEY, ABSTRACT NO. 284 IN WILLIAMSON COUNTY, TEXAS, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING at an iron rod found in the westerly right -of -way line of Interstate Highway No. 35 at Ste. 1340.02.80, being the most southeasterly corner of a 1.00 -acre tract of land being leased to others by The Old Settlers Association of Williamson County, Texas (not included in this survey), said iron rod found being the most northeasterly corner and POINT OF BEGINNING hereof; THENCE, with the westerly right -of -way line of I.H. No. 35 518 at a distance of 277.00 feet pass a concrete highway monument found at Sta. 1342.79.80, continue for a total distance of 309.90 feet to an iron rod set at Ste. 1343.12.70 for an angle point in the easterly line hereof; THENCE, continuing with: said right -of -way line 502'38'28'E for a distance of 92.11 feet to a 60d nail found in the remains of a destroyed concrete highway monument for an angle point in the easterly line hereof; THENCE, continuing with the westerly right -of -way line of I.N. No. 35 S18`14'03 at 384.66 feet pass an iron rod set as witness, continue a total distance of 434.66 feet to a point in the centerline of Lake Creek being also the easterly common corner of Round Rock West Section Three Revised as recorded in Cabinet C, Slide 173'0f the Plat Records of Williamson County, Texas, and the herein - described tract for-the most southeasterly corner hereof; THENCE, departing the westerly right -of -way line of I.H. No. 35 with the centerline of Lake Creek being common boundary line between said Round Rock West Sec. 3 Revised and said tract of land of record in Volume 258, Page 276 of the Deed Records of Williamson County, Texas, 571'42'00'W for a distance of 333.54 feet to a point in the centerline of Lake Creek for an angle point in the southerly line hereof; THENCE, continuing with the centerline of Lake Creek and said common boundary line S89'47'00 "W for a distance of 56.42 feet to a point in the easterly right -of -way line of the Union Pacific Railroad (formerly the Georgetown branch of Missouri Pacific Railroad) for the southwesterly corner hereof; THENCE, departing the centerline of Lake Creek and said common boundary line with the easterly right -of -way line of said Railroad N40 "W at a distance of 79.73 feet pass an iron rod set as witness to the most southwesterly corner of the herein- described tract, continue for •a total distance of 277.08 feet to an iron rod set at an angle point- in the easterly line of said Railroad right -of -way for an angle point in the wester4 line nereof ; THENCE, continuing with said Railroad right -of -way line (50.00 feet from and easterly of the centerline of the existing tracks) N22'54 at • distance of 135.70 feet pass • point being in' the original Common boundary between said tract of land conveyed from Harrell to Old Settlers Assoc. b y instrument recorded in Volume 258, Page 276 of the Deed Records of Williamson County, Texas, and a tract of land conveyed from Dr. E.M. Burleson to John F. Adolphson by instrument recorded in Volume 184, Page 350 of the Deed Records of Williamson County, Texas, said point being also the most southerly corner of the above- mentioned 1.94 -acre tract (Volume 442, Page 449), continue a total distance of 458.81 feet to an iron rod set at a point of curvature in said railroad right-of-way . for a point of curvature in the westerly line hereof; THENCE, with a curve to the right, being 50.00 from (radial neasrrement) and easterly of the existing railroad tracks, having a central angle of 04'27'39', a radius of 5679.70 feet, an arc distance of 442.20 feet, a chord which bears N20t40'14'V for a distance of 442.09 feet to a point of tangency in said railroad right -of -way being a point of- tangency in the westerly line hereof; THENCE, Continuing with said railroad right -of -way line 50.00 feet easterly of and parallel with the centerline of the existing tracks N18'26'25'W for a distance of 37.38 feet to an iron rod set being a southwesterly corner of a 2.572 -acre tract of land which is a remainder portion of that land conveyed to John F. Adolphson by Dr. E.M. Burleson and wife in Volume 184, Page 350 of the Deed Records of Williamson County, Texas, said iron rod set being - also the most northerly corner of said 1.94 -acre tract of land and the most northerly corner hereof; THENCE, with common boundary line between said 2.572 -acre tract of land and said 1.94 -acre tract S48 for a distance of 448.40 feet to an Iran rod set in the original boundary line between said Harrell to Old Settlers Assoc. tract (Volume 258, Page 276) and said Adolphson to Old Settlers tract (Volume 442, Page 449) being also the southeasterly corner of Tract One referred to in said Volume 442, Page 449 for an angle point in the northerly line hereof; THENCE, N04'28'54'E for a distance of 150.58 feet to an iron rod found being the southwesterly corner of the previously- mentioned 1.00 -acre lease tract far an angle point in the northerly line hereof; THENCE, with the southerly line of said lease tract 583'46'37'E for a distance of 313.79 feet to the POINT OF BEGINNING hereof. WHICH INTEREST WAS CREATED IN FAVOR OF THE CITY BY A DEED FROM MAGGIE J. HARRELL AND HUSBAND, T. M. HARRELL, TO ED R. ANDERSON, PRESIDENT OF THE OLD SETTLERS ASSOCIATION OF WILLIAMSON COUNTY, WHICH DEED IS RECORDED IN VOLUME 258, PAGE 276 OF THE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS, AND BY A DEED FROM CODY R. ADOLPHSON AND WIFE, RUBY LOUISE ADOLPHSON, TO THE OLD SETTLERS ASSOCIATION OF WILLIAMSON COUNTY, WHICH DEED IS RECORDED IN VOLUME 442, PAGE 449 OF THE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS. THE REVERSIONARY INTEREST IS TRIGGERED BY THE DISSOLUTION OF THE OLD SETTLERS ASSOCIATION OF WILLIAMSON COUNTY BY OPERATION OF LAW OR TIME. THE CITY OF ROUND ROCK WILL EXCHANGE THE ABOVE- DESCRIBED INTEREST FOR A SUBSTANTIALLY EQUIVALENT REVERSIONARY INTEREST IN OTHER REAL PROPERTY WHICH THE CITY OF ROUND ROCK DETERMINES TO BE DESIRABLE, CONVENIENT AND ACCEPTABLE FOR PARK PURPOSES, OR IF AN EXCHANGE OF A SUBSTANTIALLY EQUIVALENT REVERSIONARY INTEREST IN OTHER REAL PROPERTY IS NOT ACCEPTED BY THE CITY OF ROUND ROCK, SAID REVERSIONARY INTEREST MAY BE SOLD FOR THE FAIR MARKET VALUE OF SAID REVERSIONARY INTEREST. BIDS WILL BE RECEIVED UNTIL 10:00 A.M. ON OCTOBER 17, 1985. ANY BIDS RECEIVED AFTER 10:00 A.M. ON OCTOBER 17, 1985 WILL BE REJECTED AND RETURNED UNOPENED. BIDS MUST BE MAILED TO: City of Round Rock Joanne Land 214 East Main Street Round Rock, Texas 78664 -2- PLEASE MARK YOUR BID ENVELOPE "REVERSIONARY INTEREST IN OLD SETTLERS PARK: SEALED BIDS ". THE CITY OF ROUND ROCK RESERVES THE RIGHT TO REJECT ANY OR ALL BIDS RECEIVED. ADDITIONAL INFORMATION WITH REGARD TO THE SPECIFICATIONS MAY BE OBTAINED FROM: Publication Date: October 3, 1985 14:9 Don Wolf City Attorney Round Rock, Texas 78664 (512) 255 -3612 -3- ' NE LAND, CIT SECRETARY NOTICE TO BIDDERS OF PUBLIC SALE OR EXCHANGE OF REAL PROPERTY SEALED BIDS WILL BE ACCEPTED BY THE CITY OF ROUND ROCK FOR: A REVERSIONARY INTEREST IN A 10.969 -ACRE TRACT OF LAND CURRENTLY KNOWN AS "OLD SETTLERS PARK," BEING A PORTION OF THE JACOB M. HARRELL SURVEY, ABSTRACT NO. 284 IN WILLIAMSON COUNTY, TEXAS, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING at an iron rod found in the westerly right -of -way line of Interstate Highway No. 35 at Sta. 1340.02.80, being the most southeasterly corner of a 1.00 -acre tract of land being leased to others by The Old Settlers Association of Williamson County, Texas (not included in this survey), said iron rod found being the most northeasterly corner and POINT OF BEGINNING hereof; THENCE, with the westerly right -of -way line of I.H. No. 35 518 15'00 - E at a distance of 277.00 feet pass a concrete highway monument found at Sta. 1342.79.80, continue for a total distance of 309.90 feet to an iron rod set at Sta. 1343.12.70 for an angle point in the easterly line hereof; THENCE. continuing with: said right -of -way line 502'38'28'E for a Cistance of 92.11 feet to a 60d nail found in the remains of a destroyed concrete highway monument for an angle point in the easterly line hereof; THENCE, continuing with the westerly right -of -way line of 1.H. Uo. 35 S18`14'03'E at 384.66 feet pass an iron rod set as witness. continue a total distance of 434.66 feet to a point in the centerline of Lake Creek being also the easterly common corner of Round Rock West Section Three Revised as recorded in Cabinet C, Slide 173 Of the Plat Records of Williamson County, Texas, and the herein- described tract for -the most southeasterly corner hereof; THENCE, departing the westerly right -of -way line of I.H. No. 35 with the centerline of Lake Creek being common boundary line between said Round Rock West Sec. 3 Revised and said tract of and of record in Volume 258, Page 276 of the Deed Records of Williamson County, Texas, S71'42'00 •W for a distance of 333.54 feet to a point in the centerline of Lake Creek for an angle point in the southerly line hereof; THENCE, continuing with the centerline of Lake Creek and said common boundary line S89 for a distance of 56.42 feet to a point in the easterly right -of -way line of the Onion Pacific Railroad (formerly the Georgetown branch of Missouri Pacific Railroad) for the southwesterly corner hereof; THENCE, departing the centerline of Lake Creek and said common boundary line with the easterly right -of -way line of said Railroad N40'14'07 "W at a distance of 79.73 feet pass an iron rod set as witness to the most southwesterly corner of the herein- described tract, continue for 'a total distance of 277.08 feet to an iron rod set at an angle point- in the easterly line of said Railroad right -of -way for an angle point in the westerly line nereof: THENCE, continuing with said Railroad right -of -way line (50.00 feet from and easterly of the centerline of the existing tracks) N22<54•o5-1,a a distance of 135.70 feet pass a point being in' the originacommon `boundary , line between said tract of land conveyed from Harrell to Old Settlers Assoc >by1 instrument recorded in Volume 258, Page 276 of the Deed Records of 'Williamson County, Texas, and a tract of land conveyed from Or. E.M. Burleson to John F. ,.!-:-Adolphson by instrument recorded in Volume 184, Page 350 of the Deed Records of .Williamson County, Texas, said point being also the most southerly corner of the above- mentioned 1.94 -acre tract (Volume 442, Page 449), continue a total distance of 458.81 feet to an iron rod . set at a point of Curvature in said railroad right -of -way for a point of curvature in the westerly line hereof; THENCE, with a curve to the right, being 50.00 from (radial measrrement) and easterly of the existing railroad tracks, having a central angle of 04'27'39% • radius of 5679.70 feet, an arc distance of 442.20 feet, and a chord which bears N20=40'141/ for a distance of 442.09 feet to a point of tangency in said railroad right -of -way being s point of. tangency in the westerly line hereof; THENCE, continuing with said railroad right -of -way line 50.00 feet easterly of and parallel with the centerline of the existing tracks N18'26'25'11 for a distance of 37.38 feet to an iron rod set being a southwesterly corner of • 2.572 - acre tract of land which is a remainder portion of that land conveyed to Jahn F. Adolphson by Or. E.M. Burleson and wife in Volume 184, Page 350 of the peed Records of Williamson County, Texas, said iron rod set being - also the most northerly corner of said 1.94 -acre tract of land and the most northerly corner hereof; THENCE, with common boundary line between said 2.572 -acre tract of land and said 1.94 -acre tract 548'49'05'E for a distance of 448.40 feet to an " """iron rod set in the original boundary line between said Harrell to Old Settlers Assoc. tract (Volume 258, Page 276) and said Adolphson to Old Settlers tract (Volume 442, Page 449) being also the southeasterly corner of Tract One referred to in said Volume 442, Page 449 for an angle point in the northerly tine hereof; THENCE, N04 for a distance of 150.58 feet to an iron rod found being the southwesterly corner of the previously- mentioned 1.00 -acre lease tract 16r an angle point in the northerly line hereof; ` THENCE, with the southerly line of said lease tract 5113'46'37'E for a distance of 313.79 feet to the POINT OF BEGINNING hereof. WHICH INTEREST WAS CREATED IN FAVOR OF THE CITY BY A DEED FROM MAGGIE J. HARRELL AND HUSBAND, T. M. HARRELL, TO ED R. ANDERSON, PRESIDENT OF THE OLD SETTLERS ASSOCIATION OF WILLIAMSON COUNTY, WHICH DEED IS RECORDED IN VOLUME 258, PAGE 276 OF THE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS, AND BY A DEED FROM CODY R. ADOLPHSON AND WIFE, RUBY LOUISE ADOLPHSON, TO THE OLD SETTLERS ASSOCIATION OF WILLIAMSON COUNTY, WHICH DEED IS RECORDED IN VOLUME 442, PAGE 449 OF THE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS. THE REVERSIONARY INTEREST IS TRIGGERED BY THE DISSOLUTION OF THE OLD SETTLERS ASSOCIATION OF WILLIAMSON COUNTY BY OPERATION OF LAW OR TIME. THE CITY OF ROUND ROCK WILL EXCHANGE THE ABOVE- DESCRIBED INTEREST FOR A SUBSTANTIALLY EQUIVALENT REVERSIONARY INTEREST IN OTHER REAL PROPERTY WHICH THE CITY OF ROUND ROCK DETERMINES TO BE DESIRABLE, CONVENIENT AND ACCEPTABLE FOR PARK PURPOSES, OR IF AN EXCHANGE OF A SUBSTANTIALLY EQUIVALENT REVERSIONARY INTEREST IN OTHER REAL PROPERTY IS NOT ACCEPTED BY THE CITY OF ROUND ROCK,.- SAID REVERSIONARY INTEREST MAY BE SOLD FOR THE FAIR MARKET VALUE OF SAID REVERSIONARY INTE " BIDS WILL BE RECEIVED UNTIL 10:00 A.M. ON NOVEMBER BIDS. RECEIVED : -AFTER .10:00 ` A.M. "'ON REJECTED AND RETURNED UNOPENED. BIDS MUST BE City of Round Rock Joanne Land 214 East Main Street Round Rock, Texas 78664 EMB R 4, Y , :.WILL: BE MAILED TO: . -2- PLEASE MARK YOUR BID ENVELOPE "REVERSIONARY INTEREST IN OLD SETTLERS PARK: SEALED BIDS ". THE CITY OF ROUND ROCK RESERVES THE RIGHT TO REJECT ANY OR ALL BIDS RECEIVED. ADDITIONAL INFORMATION WITH REGARD TO THE SPECIFICATIONS MAY BE OBTAINED FROM: Publication Date: October 17, 1985 October 21, 1985 14:9 Don Wolf City Attorney Round Rock, Texas 78664 (512) 255 -3612