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BCRUA_R-10-09-15-9A RESOLUTION NO. R-10-09-15-9A WHEREAS, the Brushy Creek Regional Utility Authority, Inc. ("BCRUA") desires to enter into a Purchase Contract with Patricia and Lionel Devine for the permanent and temporary easement property rights for Parcel 17E (the Devine tract), Now Therefore BE IT RESOLVED BY THE BRUSHY CREEK REGIONAL UTILITY AUTHORITY, That the Board President is hereby authorized and directed to execute on behalf of the BCRUA a Purchase Contract with Patricia and Lionel Devine, for the purchase of permanent and temporary easement property rights for Parcel 17E, a copy of said Contract being attached hereto as Exhibit"A" and incorporated herein for all purposes. The Board 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 15th day of September, 2010. MITC ULLER, esident Brushy nal Utility Authority TE T- t J Cowman, Se retary C:\Documents and Settings\rnadams.CORR\Local Settings\Temporary Internet Files\OLK ICD\Res BCRUA-Purchase Contract-w-Devine(Parcel 17E)(00202436).DOC/rmc BRUSHY CREEK REGIONAL UTILITY AUTHORITY PURCHASE CONTRACT THE STATE OF TEXAS COUNTY OF WILLIAMSON THIS CONTRACT WITNESSETH that the undersigned herein called Owner, whether one or more, for good and valuable consideration, the receipt of which is hereby acknowledged, agree to grant a Water Line Easement with a temporary construction easement to Brushy Creek Regional Utility Authority, Inc. herein called BCRUA, a Texas public non-profit corporation, situated in Williamson County, State of Texas, or its assigns, and the BCRUA agrees to acquire the permanent and temporary easement property rights for the consideration and subject to the terms herein stated, upon the following described real property, to-wit: Water Line Easement parcel: All that certain tract, piece or parcel of land, lying and being situated in the County of Williamson, State of Texas, described in EXHIBIT "A" attached hereto and made apart hereof for all purposes, to which reference is hereby made for a more particular description of said property. Temporary construction easements: All those certain tracts, pieces or parcels of land, lying and being situated in the County of Williamson, State of Texas, described on Page 3 of 4 of EXHIBIT "A" attached hereto and made apart hereof for all purposes, to which reference is hereby made for a more particular description of said property. TOTAL PRICE: $180,000.00 shall be paid by BCRUA for the Water Line Easement Parcel and Temporary Construction Easements and for which no lien, or encumbrance expressed or implied, is retained. Owner agrees to convey to the BCRUA permanent easement property rights and temporary easement property rights to the above-described property for the consideration herein stated, or whatever interest therein found to be owned by the Owner for a proportionate part of the above consideration. Owner at closing shall deliver to BCRUA a duly executed and acknowledged Water Line Easement with a temporary construction easement in the form and substance as the attached instrument shown as EXHIBIT "B". Owner and BCRUA will finalize the transaction by closing on or before sixty (60) days after BCRUA is tendered an original release or subordination of any liens, which date is hereinafter referred to as the closing date. This date may be extended upon agreement by the Owner and BCRUA. Should the closing documents not be ready or any other incident which reasonably delays the closing, the parties shall close at the first available date for closing. Owner hereby agrees to comply with the terms of this contract and agrees that the Water Line Easement with a temporary construction easement to the above-described property shall be effective at the time of closing. BCRUA agrees to prepare the Water Line Easement with a temporary construction easement for the above-described property at no expense to the Owner and to pay the costs of title insurance and any closing costs. BCRUA agrees to pay to Owner, upon delivery of the properly executed Water Line Easement with a temporary construction easement instrument, the above-stated amount or the proportionate part of that price for whatever interest owner may have. The validity of this contract is contingent upon BCRUA Management approval. This agreement supersedes any and all other agreements, either oral or in writing, between the Owner and BCRUA hereto with respect to said matter. Pursuant to Tex. Prop. Code Sec. 21.023, BCRUA hereby advises, and Owner hereby acknowledges he or she has been advised, of the following: if Owner's property is acquired through eminent domain, (1) Owner or Owner's heirs, successors, or assigns are entitled to repurchase the property if the public use for which the property was acquired through eminent domain is canceled before the 10th anniversary of the date of acquisition; and (2) the repurchase price shall be the fair market value of the property at the time the public use was canceled. Owner and BCRUA agree that said permanent easement property rights and temporary easement property rights are being conveyed to Brushy Creek Regional Utility Authority, Inc. under the imminence of condemnation, as that term is used in the United States Internal Revenue Code. TO BE EFFECTIVE ON THE LAST DATE INDICATED BELOW: BUYER: BRUSHY CREEK REGIONAL UTILITY AUTHORITY, INC. a Texas public non-profit corporation Date: By: Chris Lippe, General Manager SELLERS: Date: By: Lionel D. Devine Social Security.#: Date: By: Patricia H. Devine Social Security.#: Project: BCRUA Regional Water System Transmission Segment 2C Parcel No.: 17E WCAD Tax ID: R031460 j JOINDER BY TENANT The undersigned owner of certain leasehold interests in the property described in the attached EXHIBIT "A" consents to the conveyance of said property to Brushy Creek Regional Utility Authority, Inc. as set out in the foregoing contract. EXECUTED THIS day of , 2010. Print Leaseholder's Name By: (Signature) Print Name: Address: Phone No.: �) If there are no leasehold interests, written or verbal, please sign here. Seller Date FINAL EXECUTED DOCUMENTATION TO BE PROVIDED AFTER THE CLOSING DATE BY DIANA TINKLER