CM-2023-120 - 5/26/2023Parcel 10 — PLMC
REAL ESTATE CONTRACT
County Road 112 Right of Way
THIS REAL ESTATE CONTRACT ("Contract") is made by and between PALOMA
LAKE MASTER COMMUNITY, INC. (referred to in this Contract as "Seller", whether one or
more) and 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 0.107-acre (4,662 square foot) tract of land out of and situated in the
John L. Justice Survey, Abstract No. 356 in Williamson County, Texas; more fully
described in Exhibit "A," attached hereto and incorporated herein (Parcel 10).
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 herein 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 AND ADDITIONAL COMPENSATION
Purchase Price
2.01. The Purchase Price for the fee simple Property interests described in Exhibit "A"
shall be the sum of TWENTY-FOUR THOUSAND FOUR HUNDRED SEVENTY-SIX and
00/100 Dollars ($24,476.00).
Payment of Purchase Price and Additional Compensation
2.02. The Purchase Price shall be payable in cash or other readily available funds at the
Closing.
ARTICLE III
PURCHASER'S OBLIGATIONS
Conditions to Purchaser's Obligations
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 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 Longhorn Title Company, LLC on or
before June 29, 2023, 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 Purchaser a duly executed and acknowledged Deed conveying good and
indefeasible title to City of Round Rock, Texas in fee simple to the right of way Property
described in Exhibit A conveying such interest in and to the portion of the Property free and clear
of any and all monetary 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 and
incorporated herein.
(3) Provide reasonable assistance as requested, at no cost to Seller, to cause the Title
Company to deliver to Purchaser a Texas Owner's Title Policy at Purchaser's sole expense, in
Grantee's favor in the full amount of the Purchase Price, insuring Purchaser's contracted interests
in and to the permanent interests being conveyed in 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 if not previously done.
Purchaser's Obligations at Closing
5.03. At the Closing, Purchaser shall:
(a) Pay the cash portion of the Purchase Price and Additional Compensation.
Prorations
5.04. General real estate taxes for the then -current year relating to the portion of the
Property conveyed in fee shall be prorated as of the Closing Date and shall be adjusted in cash at
the Closing, but shall otherwise remain the obligation of Seller to satisfy. 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.
Agricultural roll -back taxes, if any, which directly result from this Contract and conveyance 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.
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 Bound
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.
5
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, City Manager, or Assistant City Manager, which date is indicated beneath the City'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.
Contingent Possession and Use Agreement
8.12. Upon completion of (1) the full execution of this Contract by all parties, and (2)
acknowledgment by the Title Company of delivery by Purchaser of the full Purchase Price to the
Title Company, Purchaser, its agents and contractors shall be permitted at any time after June 30,
2023, to enter and possess the Property prior to Closing for the purpose of completing any and all
necessary testing, utility relocation, and construction activities associated with the proposed
roadway improvement construction project of Purchaser on the Property or other obligations of
this Contract, and Seller agrees to make any gate access available to Purchaser, its contractors or
utility facility owners as necessary to carry out the purposes of this paragraph. The parties agree to
continue to use diligence in assisting with any title curative measures or mortgage lien release
required by the Contract to complete the Closing of the purchase transaction.
[signatures to follow]
6
SELLER:
Christopher Short (May R. 24)23 13!42 CDT)
PALOMA LAKE
MASTER COMMUNITY, INC.
Date: May 17, 2023
PURCHASER:
CITY OF ROUND ROCK, TEXAS
Date: 5-26,�''-2-02
7
Address: 3185 Magellan Way
Round Rock, TX 78665
Address: 2 :z( C ftc�i S1
County: Williamson
Parcel : 10— Paloma Lake Master
Highway: C R. 112
EXHIBIT A
PROPERTY DESCRIPTION
Page 1 of 3
01-09-23
DESCRIPTION OF A 0.107 ACRE (4,662 SQUARE FOOT) PARCEL OF LAND SITUATED IN THE JOHN L
JUSTICE SURVEY, ABSTRACT NO. 356 IN WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF LOT 50 OF
THE PALOMA LAKE SECTION 26 SUBDIVISION RECORDED IN DOCUMENT NO. 2016017824 OF THE
OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS, AND DESCRIBED IN SPECIAL WARRANTY
DEED TO PALOMA LAKE MASTER COMMUNITY, INC RECORDED IN DOCUMENT NO. 2016081381 OF THE
OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS, SAID 0.107 ACRE (4,662 SQUARE FOOT)
PARCEL OF LAND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS:
BEGINNING at an iron rod with aluminum cap stamped "CORR-ROW' set 93.49 feet right of County Road (C.R.) 112
Baseline Station 102+24.05 (Grid Coordinates determined as N=10,180,537.27 E=3,150,892.73), in the proposed
southerly Right -of -Way (ROW) line of C.R. 112 (variable width ROW), being in the interior of said Lot 50, for the most
southwesterly corner and POINT OF BEGINNING of the herein described parcel;
1) THENCE, through the interior of said Lot 50, with said proposed ROW line, N 75°57'27" W for a distance of
14.46 feet to an iron rod with aluminum cap stamped "CORR-ROW' set 83.48 feet right of C.R. 112 Baseline
Station 102+13.61, in the existing southerly ROW line of said C.R. 112 (variable width ROW), being the
northerly line of said Lot 50, for the northwesterly corner of the herein described parcel, and from which an
iron rod with plastic cap stamped "RJ" found at a return curve in the existing easterly ROW line for Paloma
Lake Blvd. (65' ROW width) at said southerly ROW line of C.R. 112, being the northerly boundary line of
said Lot 50 bears S 60' 16'53' W at a distance of 60.62 feet;
2) THENCE, departing said proposed ROW line, with said existing southerly ROW line, being the northerly line
of said Lot 50, N 60°16'53" E for a distance of 471.38 feel to iron rod with aluminum cap stamped "CORR-
ROW' set 83.53 feet right of C_R_ 112 Baseline Station 106+84.99, in said proposed ROW line, being the
northwesterly corner of a Drainage Easement per said subdivision plat, for the northeasterly corner of the
herein described parcel, and from which an iron rod with plastic cap stamped "RJ" found in said existing
ROW of C.R. 112, bears N 60°16'53" E at a distance of 866.86 feet;
3) THENCE, departing said existing ROW line, through the interior of said Lot 50, with said Drainage
Easement, same being said proposed ROW line, S 29°43'07" E for a distance of 10.00 feet to an iron rod
with aluminum cap stamped "CORR-ROW' set 93.53 feet right of C.R. 112 Baseline Station 106+84.99,
being the northeasterly corner of Lot 51 of said subdivision plat, for the southeasterly comer of the herein
described parcel;
4) THENCE, departing said Lot 51, continuing through the interior of said Lot 50, with said proposed ROW line,
S 60°16'53" W for a distance of 460.94 feet to the POINT OF BEGINNING, containing 0.107 acres (4,662
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 Hl+ 9 AND,SEAL at Round Rock, Williampgn County, Texas.
M. Stephen TruesdAle ' Date •(T,tiCC`
Registered Professional Land Surveyor No 4933
Licensed State Land SurveyorQ
Inland Geodelics '••""""""""'
M. SM �N TRUESDALE
Firm Registration No:100591-00 .«. «.... ................«
1504 Chisholm Trail Road, Suite 103 49M
rQ'
Round Rock, TX 78681 �,�,9°'`�B$+,°,.I��y
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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 County Road 112.
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 by, through or under
Grantor.
This deed is being delivered in lieu of condemnation.
IN WITNESS WHEREOF, this instrument is executed on this the day of
2023.
[signature page follows]
2.
GRANTOR:
PALOMA LAKE MASTER COMMUNITY, INC.
By: --
Name:
Its:
ACKNOWLEDGMENT
STATE OF TEXAS §
COUNTY OF §
This instrument was acknowledged before me on this the day of ,
2023 by _ in the capacity and for the purposes and consideration
recited therein.
Notary Public, State of Texas
PREPARED IN THE OFFICE OF:
Sheets & Crossfield, PLLC
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.
PLMC(1 o)--purchase contract for CR 112 r.o.w.
(AH 5.15.23)
Final Audit Report 2023-05-17
Created: 2023-05-17
By: Meghan Drone (meghan@scrrlaw.com)
Status: Signed
Transaction ID: CBJCHBCAABAA1w4PF5af-A34ECuD9yiRDYFE1o111hFE
"PLMC(10)--purchase contract for CR 112 r.o.w. (AH 5.15.23)rr
History
`L Document created by Meghan Drone (meghan@scrriaw.com)
2023-05-17 - 3:33:32 PM GMT- IP address: 24,27,59,20
C, Document emailed to chris.short@palomalakehoa.com for signature
2023-05-17 - 3:34:23 PM GMT
"1 Email viewed by chris.short@palomalakehoa.com
2023-05-17 - 6A3:13 PM GMT- IP address: 166.137.115.60
bo Signer chris.short@palomalakehoa.com entered name at sig
2023-05-17 - 6:47:39 PM GMT- IP address: 166.137.115.60
& 0 Document e-signed by Christopher Short (chris.short@palorr
Signature Date: 2023-05-17 - 6:47:41 PM GMT - Time Source: server- IP ad
40 Agreement completed.
2023-06-17 - 6:47:41 PM GMT
13 Adobe Acrobat Sign
PARCEL 10 INTRODUCTION
The exhibit below depicts the whole property (outlined in yellow) and acquisition area (shaded red).
The property components are identified as follows:
Property Component Summary
Land Area
Land Area County
Road 112 Paloma Lake Boulevard
Whole Property Size 10.949 acres
±41,338 SF
±1,423 ft 1420 ft
Fee Acquisition t0.107 acre
t4,662 SF
±471 ft *0 ft
Remainder After Acquisition t0.842 acres
±36.676 SF
±952 ft ±420 ft
Compiled by Homsby and Co.
= Hornsby and Company 12
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City of Round Rock
Agenda Item Summary
Agenda Number:
Title: Consider executing a Read Estate Contract with Paloma Lake Master Community,
Inc, for the purchase of a 0.107 acre parcel required for construction of the
proposed County Road 112 roadway project.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 5/26/2023
Dept Director: Gary Hudder, Transportation Director
Cost: $24,476.00
Indexes: RR Transportation and Economic Development Corporation (Type B)
Attachments: PLMC(10)--LAF for purchase contract w- Paloma Lake Master Assn -- CR 112--
0.107 ac, PLMC(10)--purchase contract for CR 112 r.o.w. (5.17.23) - signed by
seller, PLMC(10)--property location exhibits (DC 5.22.23)
Department: Transportation
Text of Legislative File CM-2023-120
The original City appraised value for this acquisition was $24,476.00, which was accepted by the landowner
and is the proposed contract price.
Cost: $24,476.00
Source of Funds: Round Rock Transportation and Economic Development Corporation (Type B)
Cky of Round Rock Page 1 of 1