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R-03-05-08-15B2 - 5/8/2003RESOLUTION NO. R- 03- 05 -08 -15B2 WHEREAS, the City desires to purchase a 0.554 acre tract of land for additional right -of -way for the Double Creek Drive Project, and WHEREAS, Nathan and Kent Leistico, the owners of the property, have agreed to sell said property to the City, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the Mayor is hereby authorized and directed to execute on behalf of the City a Real Estate Contract with Nathan and Kent Leistico, for the purchase of the above described property, a copy of said Real Estate Contract being attached hereto as Exhibit "A" and incorporated herein for all purposes. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. RESOLVED this 8th day of May, 2003. ST: CHRISTINE R. MARTINEZ, City Secretary o : \wdox \RZS0LUTL \R3050802. weo /SC 0 NY W LL, May ? r City of Round Rock, Texas THE STATE OF TEXAS COUNTY OF WILLIAMSON REAL ESTATE CONTRACT THIS CONTRACT OF SALE ( "Contract ") is made by and between NATHAN LEISTICO AND KENT LEISTICO (collectively referred to in this Contract as "Seller ") and the CITY OF ROUND ROCK, a Texas Home Rule City of 221 E. Main St. Round Rock, Williamson County, Texas (referred to in this Contract as "Purchaser "), upon the terms and conditions set forth in this Contract. RECITALS Purchaser has previously threatened condemnation of the Property (described below.) Under threat of condemnation, Seller agrees to convey the Property to Purchaser, and this Contract sets forth the terms and provisions of such sale in lieu of condemnation. ARTICLE I PURCHASE AND SALE 1.01 By this Contract, Seller sells and agrees to convey, and Purchaser purchases and agrees to pay for a tract of land situated in Williamson County, Texas, being more particularly described as follows: 0.554 of an acre of land, more or less, being more particularly described in Exhibit "A" attached hereto and incorporated herein, 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 "), together with any improvements, fixtures, and personal property situated on and attached to the Property, for the consideration and upon and subject to the terms, provisions, and conditions set forth below. ARTICLE II PURCHASE PRICE Amount of Purchase Price c: \WINDOWS \Temporary Internet Files \01532 \LEISTICO - -Reel estate contract updated 4 -15 -03 (00047S56).WpD/elc 1 EXHIBIT I[A 2.01. The purchase price for the Property shall be the sum of One Hundred Fifty Five Thousand Eight Hundred Twenty -Six and 50 /100 Dollars ($155,826.50). Payment of Purchase Price 2.02. The Purchase Price shall be paid in cash at the closing. ARTICLE III PURCHASER'S OBLIGATIONS Conditions to Purchaser's Obligations 3.01. The obligations of Purchaser hereunder to consummate the transaction 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). Preliminary Title Commitment 3.02. Within ten (10) days after the date hereof, Purchaser, at Purchaser's sole cost and expense, shall have caused Austin Title Company, Inc.(the "Title Company ") of 101 E. Old Settlers Blvd., Ste #100, Round Rock, Texas 78664, to issue an updated preliminary title report (the "Title Commitment "). Purchaser shall give Seller written notice on or before the expiration of ten (10) days after Purchaser receives the updated Title Commitment that the condition of title as set forth in the title binder is or is not satisfactory, and in the event Purchaser states that the condition is not satisfactory, Seller may (but shall not be obligated to) attempt to eliminate or modify all unacceptable matters to the reasonable satisfaction of Purchaser. In the event Seller has not done so within ten (10) days after receipt of written notice, this Contract shall thereupon be null and void for all purposes and the Escrow Deposit shall be forthwith returned by the Title Company to Purchaser. Purchaser's failure to give Seller this written notice shall be deemed to be Purchaser's acceptance of the Title Commitment. Purchaser's Obligatons After Closing 3.03 Purchaser and Seller agree that the Purchaser shall extend water and wastewater mains in the public right of way adjacent to the 2 remainder property at no cost to Seller within forty -eight (48) months of The Closing Date. Wastewater service shall be provided in such a manner that wastewater from future on -site improvements will gravity flow into the wastewater collection system. Notwithstanding this Contract, Seller is responsible for all utility impact fees and all other applicable fees as required by the ordinances of the City at the time service is requested. 3.04 Purchaser and Seller further agree that Purchaser shall, within the City's right -of -way, provide and construct two (2) curb cuts and driveway aprons built to commercially acceptable standards during the construction of the roadway improvements, one on Gattis School Road and one on Double Creek Drive as described below. Each curb cut shall measure at least thirty (30) feet in width from inside the curb returns. The curb cut along Double Creek Drive may be located anywhere from 200 feet north of the North right -of -way line of Gattis School Road to the north property line of the Sellers' Tract. The curb cut on Gattis School Road must be located adjacent to the east property line of the Sellers' tract. ARTICLE IV CLOSING The closing shall be held at the Title Company on or before June 15, 2003 or at such time, date, and place as Seller and Purchaser may agree upon (which date is herein referred to as the "Closing Date "). Seller's Obligations 4.01. At the closing Seller shall: (a) Deliver to Purchaser a duly executed and acknowledged Special Warranty Deed conveying good and indefeasible title in fee simple to all of the Property, free and clear of any and all liens, encumbrances, conditions, easements, assessments, and restrictions, except for the following: (i) General real estate taxes for the year of closing and subsequent years not yet due and payable; (ii) Any exceptions approved (or deemed approved) by Purchaser pursuant to Article III hereof; and 3 4.02 in cash. (iii) Any exceptions approved by Purchaser in writing. (b) Deliver to Purchaser a Texas Owner's Title Policy at Purchaser's sole expense, issued by the Title Company, in Purchaser's favor in the full amount of the purchase price, insuring Purchaser's fee simple title to the Property subject only to those title exceptions listed above, 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. Purchaser's Obligations At the Closing, Purchaser shall pay the purchase price Prorations 4.03 General real estate taxes for the then current year relating to the Property, shall be prorated as of the Closing Date and shall be adjusted in cash at the closing. If the closing shall occur before the tax rate is fixed for the then current year, the apportionment of taxes shall be upon the basis of the tax rate for the next preceding year applied to the latest assessed valuation. All special taxes or assessments to the Closing Date relating to the Property and then due and payable, shall be paid by Seller. Purchaser will bear the burden of paying any rollback taxes, if any, resulting from a change of use of the Property. Closing Costs 4.04 All costs and expenses of closing in consummating the sale and purchase of the Property shall be borne and paid as follows: (a) Owner's Title Policy paid by Purchaser; (b) Filing fees for deed paid by Purchaser; (c) All bank or mortgage fees for any releases or other charges required by Seller's lending institution necessitated by this transaction shall be borne by Seller. ARTICLE V POSSESSION AND USE By signing this Contract, Seller agrees to grant Purchaser, for a sixty day period commencing upon the signing of this contract, temporary possession of the Property for the purpose of constructing, 4 and /or widening Gattis School Road, including, but not limited to, removal of trees, relocation or installation of utilities, construction of drainage facilities, and any other work related to the construction and /or widening of said road. Except by agreement of the parties, this grant of temporary possession and use of the Property shall automatically expire sixty days following the execution of this contract or upon conveyance of the Property to Seller by Buyer. If Purchaser is found to be in default of the provisions of this agreement, full possession and use of the property shall automatically revert to Seller and Purchaser shall have no rights whatsoever in the property. ARTICLE VI REAL ESTATE COMMISSIONS Seller will be solely responsible for all real estate brokerage commissions due to any brokers representing the Seller. Purchaser will be solely responsible for all real estate brokerage commissions due to any brokers representing the Purchaser. ARTICLE VII ESCROW DEPOSIT For the purpose of securing the performance of Purchaser under the terms and provisions of this Contract, Purch���.ascr�� h dclivered to the Title Company, the sum of One Thousand and no /100 Dollars ($1,000.00), the Escrow Deposit, which shall be paid by the Title Company to Seller in the event Purchaser breaches this Contract as provided in Article VIII hereof. At the closing, the Escrow Deposit shall be paid over to Seller and applied to the purchase price, provided, however, that in the event the Purchaser shall have given written notice to the Title Company that one or more of the conditions to its obligations set forth in Article III have not been met, or, in the opinion of Purchaser, cannot be satisfied, in the manner and as provided for in Article III, then the Escrow Deposit shall be forthwith returned by the Title Company to Purchaser. ARTICLE VIII 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, as its sole and exclusive remedy, either: (1) enforce specific 5 performance of this Contract (in which case Purchaser shall be deemed to have agreed to accept title to the Property subject to all matters of record); or (2) terminate this Contract in which event the Escrow Deposit shall be forthwith returned by the Title Company to Purchaser and neither party hereto shall have any further rights, duties or obligations one to the other hereunder (except as provided for in Section 9.01 below). ARTICLE IX 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 (1) bring suit for damages against Purchaser; or (2) receive the Escrow Deposit from the Title Company, the sum being agreed on as liquidated damages for Purchaser's failure to consummate the purchase of the Property, and Seller agrees to accept and take this cash payment as its total damages and relief and as Seller's sole remedy. ARTICLE X MISCELLANEOUS Assignment of Contract 10.01. (a) This Contract may not be assigned without the express written consent of Seller. Notice (b) Any notice required or permitted to be delivered hereunder shall be deemed received when sent by FedEx or other similar delivery service or 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 (c) 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. 6 Parties Bound (d) 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 (e) 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 (f) 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. Survival of the Covenants (g) The representations, warranties, covenants and agreements of the Seller and Purchaser contained herein shall survive the Closing and shall not be merged herein. Time of Essence (h) Time is of the essence in this Contract. Gender (i) 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. 7 Effective Date (j) This Contract shall be effective as of the date it is approved by the City Council, which date is indicated beneath the Mayor's signature below. SELLER: KENT LEISTICO NATHAN LEISTICO Date: PURCHASER: CITY OF ROUND ROCK, TEXAS By: Nyle Maxwell, Mayor 221 E. Main Street Round Rock, Texas 78664 Date: , 2003 8 All that certain tract or parcel of land situated in the P. A. Holder Survey, A -297, Williamson County, Texas and being a part of a 2.00 acre tract of land conveyed to Nathan Leistico and Kant Leistico by deed recorded in Volume 2074, Page 716 of the Deed Records of Williamson County, Texas, and being more particularly described by metes and bounds as follows: BEGINNING at an iron pin found on the East right -of -way line of Doublecreek Dr. in the Southwest comer of a 1.00 acre tract of land conveyed to Ronald D. Lutz, Jr. et ux, by deed recorded in Volume 2538, Page 358 of the above mentioned Deed Records for the Northwest comer of the above mentioned 2.00 acre tract and the Northwest corner of this trail.. THENCE N 88 ° 08'39 "E 53.19 feet to an iron pin set on the South line of the said 1.00 acre tract and the North line of the said 2.00 acre tract for the Northeast corner of this tract and the PC of a curve to the left, said curve having a radius of 950.00 feet and a central angle of 02 ° 44'58 ". THENCE with the arc of the said curve 45.59 feet the sub -chord of which bears S 00 °38'33" E 45.58 to an iron pin set in the PT of the said curve. THENCE S 02 E 263.37 fed to an iron pin set in the PC of a curve to the left said curve having a radius of 30.00 fed and a central angle of 89°53'14". THENCE with the arc of the said curve 47.06 feet the long chord of which bears S 46 ° 57'39" E 42.38 feet to an iron pin set in PT of the said curve. THENCE N 88 ° 05'44" E 158.77 feet to an iron pin set on the West line of a 2.00 acre tract of land conveyed to the Spiritual Assembly of Bahais of Round Rock, Inc. by deed recorded in Document No. 9623250 of the Official Records of Williamson County, Texas, CO the East line of the said Leistico 2.00 acre tract for the East comer of this tract THENCE S 02 ° 40'34" E 29.00 fed to an iron pin found on the North right-of-way line of Gattis School Road in the Southwest corner of the above mentioned 2.00 acre Spiritual Assembly of Bahais of Round Rock, Inc. tract and the Southeast corner of the said Leistico 2.00 acre had for the Southeast comer ofthis had. THENCE S 88 ° 05'44" W with the North right-of-way line of Curtis School Road 237.15 feet to an ion pin set on the East right-of-way line of Doublecreek Dr. in the Southwest comer of the said Leistico 2.00 acre tract for the Southwest comer of this turd. THENCE N 02 ° 38'21" W 367.95 feet to the POINT OF BEGINNING containing 0.554 acres of land, more or less. I; Claude F. Hinkle, Jr. , a Registered Professional Land Surveyor, do hereby certify that these field notes were prepared from an on- the - ground survey made under my supervision during May of 2001 and are correct to the best of my knowledge and belief. These field notes were prepared for a transfer of title to the City of Round Rock, Texas. Any use of this description by any person for any other purpose is expressly prohibited. AUSTIN SURVEYORS P.O. BOX 100243 AUSTIN. TEXAS 70719 2105 JUSTIN LANE 5103 (512) 4544605 Accompaniment far plat 104321 FIELD NOTES FOR 0.554 ACRES Claude F. e, Jr. R.P.L.S. No. 4629 Date �G 1,00 1043- rowded.doc O Existing' R i i J 15' PUE Vol. 1347, Pg Survey plat showing a 0.554 acre tract of land in the P.A. Holder Survey, A -297, in Williamson County, Texas POINT .F GINNI G 801 N .� a . 0 o r— un n _ N n g 0 0' Proposed ,ROW S88'05'44'61 237.15 CURVE RAWLS OEL7A ANGLE ARC LENGTH 02'44'58' I 45.59' 89'53'14 47.08 01 C2 950.00' 30.00' CHORD LENGTH 45.58' 42.38' CHORD SWING 5 00'38'33' E 5 48'57'39' E Cattle School Road ( ROW varies) I, Claude F. Hinkle, Jr., a Registered Professional Ldnd 'Surveyor, do hereby certify that this plat accurately represents the results of an on— the —ground survey made under my supervision during • June of 2001 and Is correct to the best of my knowledge and belief. • EXHIBIT ARC 2.12 Bearings shown hereon are grid bearings determined by GPS RTK methods for a local plane centered Mar the Southeast corner of the P.A. Holder Survey; Abstract No. 297. Spiritual I . Assernb?• of Bahais of Round Rock, Inc. 2.00 AC. 000• r 9021250 - I 1 TPA:L Eosement Vol. 699, Pg. 907 FIN No.: 1045P1 Job N4.: 1043 -100 note: Jan., 2001 Soaks: 100' Scale 1" = 100' LINE BEARING T1 I N88'08'39'E T2 002'40'34'E LEGEND O Iron Pin Set e Iron Pin Found Field Notes Prepared D..len.d 9y: dn. Drawn 6y: 4n Chocked 6y: 80044d; DISTANCE I 53.19' 29.00' AUSTIN SURVEYORS ,2105 Justin Lane #103 Austin. Tease 78767 612- 454 -8805 DATE: May 2, 2003 SUBJECT: City Council Meeting — May 8, 2003 ITEM: 15.B.2. Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Nathan and Kent Leistico for the purchase of right -of- way for the Double Creek Drive project. Resource: Steve Sheets, City Attorney Don Childs, Legal Department History: This contract with Nathan and Kent Leistico is for right of way acquisition for the Double Creek Drive project. Funding: Cost: Source of Funds: 8155,826.50 Outside Resources: N/A Impact/Benefit: Improved mobility on Double Creek Drive. Public Comment: N/A Sponsor: N/A THE STATE OF TEXAS COUNTY OF WILLIAMSON REAL ESTATE CONTRACT RECITALS THIS CONTRACT OF SALE ( "Contract ") is made by and between NATHAN LEISTICO AND KENT LEISTICO (collectively referred to in this Contract as "Seller ") and the CITY OF ROUND ROCK, a Texas Home Rule City of 221 E. Main St. Round Rock, Williamson County, Texas (referred to in this Contract as "Purchaser "), upon the terms and conditions set forth in this Contract. Purchaser has previously threatened condemnation of the Property (described below.) Under threat of condemnation, Seller agrees to convey the Property to Purchaser, and this Contract sets forth the terms and provisions of such sale in lieu of condemnation. ARTICLE I PURCHASE AND SALE 1.01 By this Contract, Seller sells and agrees to convey, and Purchaser purchases and agrees to pay for a tract of land situated in Williamson County, Texas, being more particularly described as follows: 0.554 of an acre of land, more or less, being more particularly described in Exhibit "A" attached hereto and incorporated herein, 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 "), together with any improvements, fixtures, and personal property situated on and attached to the Property, for the consideration and upon and subject to the terms, provisions, and conditions set forth below. ARTICLE II PURCHASE PRICE Amount of Purchase Price 2.01. The purchase price for the Property shall be the sum of One Hundred Fifty Five Thousand Eight Hundred Twenty -Six and 50/100 Dollars ($155,826.50). Page 1 of 7 Payment of Purchase Price 2.02. The Purchase Price shall be paid in cash at the closing. ARTICLE III PURCHASER'S OBLIGATIONS Conditions to Purchaser's Obligations 3.01. The obligations of Purchaser hereunder to consummate the transaction 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). Preliminary Title Commitment 3.02. Within ten (10) days after the date hereof, Purchaser, at Purchaser's sole cost and expense, shall have caused Austin Title Company, Inc.(the "Title Company ") of 101 E. Old Settlers Blvd., Ste #100, Round Rock, Texas 78664, to issue an updated preliminary title report (the "Title Commitment "). Purchaser shall give Seller written notice on or before the expiration of ten (10) days after Purchaser receives the updated Title Commitment that the condition of title as set forth in the title binder is or is not satisfactory, and in the event Purchaser states that the condition is not satisfactory, Seller may (but shall not be obligated to) attempt to eliminate or modify all unacceptable matters to the reasonable satisfaction of Purchaser. In the event Seller has not done so within ten (10) days after receipt of written notice, this Contract shall thereupon be null and void for all purposes and the Escrow Deposit shall be forthwith returned by the Title Company to Purchaser. Purchaser's failure to give Seller this written notice shall be deemed to be Purchaser's acceptance of the Title Commitment. Purchaser's Obligations After Closing 3.03 Purchaser and Seller agree that the Purchaser shall extend water and wastewater mains in the public right of way adjacent to the remainder property at no cost to Seller within forty -eight (48) months of The Closing Date. Wastewater service shall be provided in such a manner that wastewater from future on -site improvements will gravity flow into the wastewater collection system. Notwithstanding this Contract, Seller is responsible for all utility impact fees and all other applicable fees as required by the ordinances of the City at the time service is requested. 3.04 Purchaser and Seller further agree that Purchaser shall, within the City's right -of -way, provide and construct two (2) curb cuts and Page 2 of 7 driveway aprons built to commercially acceptable standards during the construction of the roadway improvements, one on Gattis School Road and one on Double Creek Drive as described below. Each curb cut shall measure at least thirty (30) feet in width from inside the curb returns. The curb cut along Double Creek Drive may be located anywhere from 200 feet north of the North right -of -way line of Gattis School Road to the north property line of the Sellers' Tract. The curb cut on Gattis School Road must be located adjacent to the east property line of the Sellers' tract. ARTICLE IV CLOSING The closing shall be held at the Title Company on or before June 15, 2003 or at such time, date, and place as Seller and Purchaser may agree upon (which date is herein referred to as the "Closing Date "). Seller's Obligations 4.01. At the closing Seller shall: (a) Deliver to Purchaser a duly executed and acknowledged Special Warranty Deed conveying good and indefeasible title in fee simple to all of the Property, free and clear of any and all liens, encumbrances, conditions, easements, assessments, and restrictions, except for the following: 4.02 cash. General real estate taxes for the year of closing and subsequent years not yet due and payable; Any exceptions approved (or deemed approved) by Purchaser pursuant to Article III hereof; and Any exceptions approved by Purchaser in writing. (b) Deliver to Purchaser a Texas Owner's Title Policy at Purchaser's sole expense, issued by the Title Company, in Purchaser's favor in the full amount of the purchase price, insuring Purchaser's fee simple title to the Property subject only to those title exceptions listed above, 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. Purchaser's Obligations At the Closing, Purchaser shall pay the purchase price in Page 3 of 7 Prorations 4.03 General real estate taxes for the then current year relating to the Property, shall be prorated as of the Closing Date and shall be adjusted in cash at the closing. If the closing shall occur before the tax rate is fixed for the then current year, the apportionment of taxes shall be upon the basis of the tax rate for the next preceding year applied to the latest assessed valuation. All special taxes or assessments to the Closing Date relating to the Property and then due and payable, shall be paid by Seller. Purchaser will bear the burden of paying any rollback taxes, if any, resulting from a change of use of the Property. Closing Costs 4.04 All costs and expenses of closing in consummating the sale and purchase of the Property shall be borne and paid as follows: (a) Owner's Title Policy paid by Purchaser; (b) Filing fees for deed paid by Purchaser; (c) All bank or mortgage fees for any releases or other charges required by Seller's lending institution necessitated by this transaction shall be borne by Seller. ARTICLE V POSSESSION AND USE By signing this Contract, Seller agrees to grant Purchaser, for a sixty day period commencing upon the signing of this contract, temporary possession of the Property for the purpose of constructing, and /or widening Gattis School Road, including, but not limited to, removal of trees, relocation or installation of utilities, construction of drainage facilities, and any other work related to the construction and /or widening of said road. Except by agreement of the parties, this grant of temporary possession and use of the Property shall automatically expire sixty days following the execution of this contract or upon conveyance of the Property to Seller by Buyer. If Purchaser is found to be in default of the provisions of this agreement, full possession and use of the property shall automatically revert to Seller and Purchaser shall have no rights whatsoever in the property. ARTICLE VI REAL ESTATE COMMISSIONS Seller will be solely responsible for all real estate brokerage commissions due to any brokers representing the Seller. Purchaser will be solely responsible for all real estate brokerage commissions due to any brokers representing the Purchaser. Page 4 of 7 ARTICLE VII ESCROW DEPOSIT For the purpose of securing the performance of Purchaser under the terms and provisions of this Contract, Purchaser has delivered to the Title Company, the sum of One Thousand and no /100 Dollars (51,000.00), the Escrow Deposit, which shall be paid by the Title Company to Seller in the event Purchaser breaches this Contract as provided in Article VIII hereof. At the closing, the Escrow Deposit shall be paid over to Seller and applied to the purchase price, provided, however, that in the event the Purchaser shall have given written notice to the Title Company that one or more of the conditions to its obligations set forth in Article III have not been met, or, in the opinion of Purchaser, cannot be satisfied, in the manner and as provided for in Article III, then the Escrow Deposit shall be forthwith returned by the Title Company to Purchaser. ARTICLE VIII 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, as its sole and exclusive remedy, either: (1) enforce specific performance of this Contract (in which case Purchaser shall be deemed to have agreed to accept title to the Property subject to all matters of record); or (2) terminate this Contract in which event the Escrow Deposit shall be forthwith returned by the Title Company to Purchaser and neither party hereto shall have any further rights, duties or obligations one to the other hereunder (except as provided for in Section 9.01 below). ARTICLE IX 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 (1) bring suit for damages against Purchaser; or (2) receive the Escrow Deposit from the Title Company, the sum being agreed on as liquidated damages for Purchaser's failure to consummate the purchase of the Property, and Seller agrees to accept and take this cash payment as its total damages and relief and as Seller's sole remedy. ARTICLE X MISCELLANEOUS Assignment of Contract 10.01. (a) This Contract may not be assigned without the express written consent of Seller. Page 5 of 7 Notice (b) Any notice required or permitted to be delivered hereunder shall be deemed received when sent by FedEx or other similar delivery service or 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 (c) 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 (d) 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 (e) 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 (f) 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. Survival of the Covenants (g) The representations, warranties, covenants and agreements of the Seller and Purchaser contained herein shall survive the Closing and shall not be merged herein. Time of Essence (h) Time is of the essence in this Contract. Page 6 of 7 Gender (i) 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. Effective Date (j) This Contract shall be effective as of the date it is approved by the City Council, which date is indicated beneath the Mayor's signature below. PURCHASER: Page 7 of 7 , Mayor 21 E. Main Street Round Rock, Texas 78664 Date: 5 , 2003 AUSTIN SURVEYORS P.O. SOX 180243 AUSTIN, TEXAS 78718 2105 JUSTIN LANE 8103 (512)4366805 Accompaniment for plat 104371 FIELD NOTES FOR 0554 ACRES All that certain tract or parcel of land situated in the P. A. Holder Survey, A -297, Williamson County, Texas and being a part of a 2.00 acre tract of land conveyed to Nathan Leistico and Kent Leistico by deed recorded in Volume 2074, Page 716 of the Deed Records of Williamson County, Texas, and being more particularly described by metes and bounds as follows: BEGINNING at an iron pin found on the East right -of -way line of Doublecreek Dr. in the Southwest corner of a 1.00 acre tract of land conveyed to Ronald D. Lutz, Jr. et ux, by deed recorded in Volume 2538, Page 358 of the above mentioned Deed Records for the Northwest corner of the above mentioned 2.00 acre tract and the Northwest comer of this tract. THENCE N 88 °08'39"E 53.19 feet to an iron pin set on the South line of the said 1.00 acre tract and the North line of the said 2.00 acre tract for the Northeast comer of this tract and the PC of a curve to the left, said curve having a radius of 950.00 feet and a central angle of 02 °44'58 ". THENCE with the arc of the said curve 45.59 feet the sub -chord of which bears S 00 °38'33" E 45.58 to an iron pin set in the PT of the said curve. THENCE S 02 °01'02" E 263.37 feet to an iron pin set in the PC of a curve to the left said curve having a radius of 30.00 feet and a central angle of 89°53'14". THENCE with the arc of the said curve 47.06 feet the long chord of which bears S 46 °57'39" E 42.38 feet to an iron pin set in PT of the said curve. THENCE N 88 °05'44" E 15837 feet to an iron pin set. on the West line of a 2.00 acre tract of land conveyed to the Spiritual Assembly of Bahais of Round Rock, Inc. by deed recorded in Document No. 9623250 of the Official Records of Williamson County, Texas, on the East line of the said Leistico 2.00 acre tract for the East comer of this tract. THENCE S 02 °40'34" E 29.00 feet to an i ron pin found on the North right-of -way line of Gattis School Road in the Southwest comer of the above mentioned 2.00 acre Spiritual Assembly of Bahais of Round Rock, Inc. tract and the Southeast corner of the said Leistico 2.00 acre tract for the Southeast comer of this tract. THENCE S 88 °05'44" W with the North right-of-way line of Gattis School Road 237.15 feet to an non pin set on the East right - of-way line of Doublecreek Dr. in the Southwest comer of the said Leistico 2.00 acre tract for the Southwest comer of this tract_ THENCE N 02°38'21" W 367.95 feet to the POINT OF BEGINNING containing 0.554 acres of land, more or less. 1, Claude F. Hinkle, Jr. , a Registered Professional Land Surveyor, do hereby certify that these field notes were prepared from an on- the - ground survey made under my supervision during May of 2001 and era correct to the best of my knowledge and belief. These field notes were prepared for a transfer of title to the City of Round Rock, Texas. Any use of this description by any person for any other purpose is expressly prohibited. Date 1043- rowded.doc l7 POINT .'O O Existing R 7 Survey plat showing a 0.554 acre tract of land in the P.A. Holder Survey, A -297, in Williamson County, Texas o • z �c r4 a r mr . -0 3 " ro ^ 'rt 0 0 Proposed RO' 500•05'44"W 237.15 15' PUE Vol. 1347, Pg. 801 Goths School Road ( ROW varies) CURVE CI RADIUS 950.00' DELTA ANGLE 02'44'58" ARC LENGTH 43.59' C2 30.00' 89'53'14 47.08' CH0R0 LENGTH 45.58' 42.38' CHORD BEARING S 00'38 E S 48 E I, Claude F. Hinkle, Jr., 'o Registered Professional Land Surveyor, do hereby certify thot this plat accurately represents the results of an on -the -ground survey mode under my supervision during June of 2001 and Is correct to the best of my knowledge and belief. Y r { /N . ^^ EXHIBIT es Scale 1" = 100' Bearings shown hereon are grid beorings determined by GPS RTI< methods for local plane centered near the Southeast corner of the P.A. Holder Survey, Abstract No. 297. Spiritual Assembly of iiahais of Round Rock, inc: ..sill • DOC# i % TPdeL Easement Vol. 899. Pg. 907 Ea • LINE I SEWING T1 98E1'09'39'E T2 502'40'34 "E LEGEND o Iron Pin Set O Iron Pin Found Reid Notes Prepared 311 No,: 10.30'1 Job 00.: 104.3-100 Deb: Jun., 2001 seal.: 1'- 100' - - 00,•14: DWen.d 00. a one 82: dri Ch.ak.d 92: .2108 tu•tin lane •108 Austin. T.:ee 78757 512- 454 -8805 DISTANCE I 53.19' 29.00' AUSTIN SURVEYORS