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R-03-07-24-11D1 - 7/24/2003RESOLUTION NO. R- 03- 07- 24 -11D1 WHEREAS, the City desires to purchase a 0.01 acre tract of land for additional right -of -way for the Gattis School Road Project, and WHEREAS, Linda Susan Stephens, the owner of the property, has 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 Linda Susan Stephens, 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 24th day of July, 2003. ST: ,e•�l�l�vYIVOY_ ary CHRISTINE R. MARTINEZ, City Secr6 ePFDeaktop \::OIXM /WORLDOX /O: /W00% /RESOLUTI /R30)24O1.WPD /,C W L, Mayor Round Rock, Texas State of Texas County of Williamson REAL ESTATE CONTRACT THIS REAL ESTATE CONTRACT ( "Contract ") is made by and between LINDA SUSAN STEPHENS, (referred to in this Contract as "Seller ", whether one or more) and the 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: .01 acre more or less, situated in the Asa Thomas Survey, Abstract No. 609, Williamson County, Texas, being a portion of Lot 2, Block A, Windy Park Section One Revised, a subdivision of record in Cabinet H, Slide 273 of the Plat Records of Williamson County, Texas, more fully described by metes and bounds 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 "), and any improvements and fixtures 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 TEN THOUSAND and no /100 Dollars ($10,000.00). Payment of Purchase Price 2.02. The Purchase Price shall be payable in cash at the closing. ARTICLE III PURCHASER'S OBLIGATIONS OPFDesktop\:: OOHA/ WORLDOA/ O:/ NUOX/ CORR/lRANSPRT /GATTIS /STEPHENS /R T /00051m62.WPO /s1s EXHIBIT "A" 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.) Preliminary Title Commitment 3.02. Within twenty (20) days after the date hereof, Seller, at Purchaser's sole cost and expense, shall have caused the Austin Title Company ( "Title Company ") to issue a preliminary title report (the "Title Commitment ") accompanied by copies of all recorded documents relating to easements, rights -of -way, etc., affecting the Property. In the event that title to the property is not satisfactory to Purchaser, Seller shall promptly undertake to eliminate or modify all unacceptable matters to the reasonable satisfaction of Purchaser, or shall provide Purchaser with any assistance reasonably requested as necessary to eliminate or modify such matters. In the event Seller is unable to do so within thirty (30) days after receipt of notice, Purchaser may terminate this Contract and it shall thereupon be null and void for all purposes and the Escrow Deposit shall be forthwith returned by the title company to Purchaser, as provided in Article VII. Purchaser's failure to give Seller this notice shall not be deemed to be Purchaser's acceptance of the Title Commitment. Survey 3.03. Within ten (10) days from the date hereof, Purchaser, at Purchaser's sole cost and expense, shall cause to be delivered a current plat of survey of the Property, prepared by a duly licensed Texas land surveyor. The survey shall be staked on the ground, and the plat shall show the location of all improvements, highways, streets, roads, railroads, rivers, creeks, or other water courses, fences, easements, and rights -of -way on or adjacent to the Property, if any, and shall contain the surveyor's certification that there are no encroachments on the Property and shall set forth the number of total acres comprising the Property, together with a metes and bounds description thereof. If any portion of the survey is unacceptable to Purchaser, then Purchaser shall give Seller written notice of this fact. Seller shall promptly undertake to eliminate or modify all the unacceptable portions to the reasonable satisfaction of Purchaser. In the event Seller is unable to do so within ten (10) days after receipt of written notice, Purchaser may terminate this Contract, and the Contract shall thereupon be null and void for all purposes and the Escrow Deposit shall be returned by the title company to Purchaser, as provided in Article VII. Purchaser's failure to give Seller this 2 written notice shall not be deemed to be Purchaser's acceptance of the survey. Miscellaneous Conditions 3.04. 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 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: (1) There are no parties in possession of any portion of the Property as lessees, tenants at sufferance, or trespassers; (2) Seller has complied with all applicable laws, ordinances, regulations, statutes, rules and restrictions relating to the Property, or any part thereof; (3) The Property herein 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 Austin Title, Round Rock office, on or before August 15, 2003, 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 (which date is herein referred to as the "closing date "). Seller's Obligations at Closing 5.02. At the closing Seller shall: (1) Deliver to Purchaser a duly executed and acknowledged Warranty Deed conveying good and marketable title in fee simple to 3 all of the Property, free and clear of any and all liens, encumbrances, conditions, easements, assessments, 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) Deliver to Purchaser a Texas Owner's Title Policy at Purchaser's sole expense, issued by Austin Title, 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 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;" 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." (d) Deliver to Purchaser possession of the Property. Purchaser's Obligations at Closing 5.03. At the Closing, Purchaser shall pay the cash portion of the purchase price. Prorations 5.04. 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 shall be paid by Seller. Agricultural roll -back taxes, if any, shall be paid by Purchaser. 4 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 ESCROW DEPOSIT For the purpose of securing the performance of Purchaser under the terms and provisions of this Contract, Purchaser has delivered to Austin Title the sum of Five Hundred Dollars ($500.00), the Escrow Deposit, which shall be paid by the title company to Seller in the event Purchaser breaches this Contract as provided in Article IX hereof. At the closing, the Escrow Deposit shall be paid over to Seller and applied to the cash portion of 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 VII 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 shall be forthwith returned by the title company to Purchaser. ARTICLE VIII 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 5 and Seller not being in default hereunder, Seller shall have the right to receive the Escrow Deposit 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. ARTICLE IX MISCELLANEOUS Notice 9.01. 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 9.02. 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 9.03. 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 9.04. 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 9.05. 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. 6 Time of Essence 9.06. Time is of the essence in this Contract. Gender 9.07. 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. Memorandum of Contract 9.08. Upon request of either party, both parties shall promptly execute a memorandum of this Contract suitable for filing of record. Compliance 9.09 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 9.10 This Contract shall be effective as of the date it is approved by the Round Rock City Council, which date is indicated beneath the Mayor's signature below. Possession and Use Agreement 9.11 By signing this Contract, Seller agrees to allow Purchaser to use and possess the Property for the purpose of constructing and /or improving a public road and related facilities, upon deposit of the Escrow Money with the Title Company and full execution of this contract. SELLER: - 03 LINDA LINDA SUSAN STEPHs S DATE 7 PURCHASER: CITY OF ROUND ROCK By: Nyle Maxwell, Mayor Date: 8 0.01 Acre Right -of -Way ASA Thomas Survey, A-609 Williamson County, Texas EXHIBIT DESCRIPTION OF A 0.01 ACRE (436 SQUARE FEET) TRACT OF LAND LOCATED IN THE ASA THOMAS SURVEY, ABSTRACT NO. 609, WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF LOT 2, BLOCK A WINDY PARK SECTION ONE REVISED, A SUBDIVISION OF RECORD IN CABINET H, SLIDE 273 OF THE PLAT RECORDS WILLIAMSON COUNTY, TEXAS, SAME BEING DESCRIBED IN THE DEED TO WILLIAM C. STEPHENS IV AND WIFE, LINDA SUSAN STEPHENS, AS RECORDED IN VOLUME 2256, PAGE 718 OF THE OFFICIAL RECORDS WILLIAMSON COUNTY, TEXAS, SAID 0.01 ACRE (436 SQUARE FEET) TRACT OF LAND AS SHOWN ON THE ACCOMPANYING SKETCH AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: COMMENCING at a 1/2 -inch i ron rod with a plastic cap found in the north right -of -way (ROW) line of Cottonwood Court (a 50 foot wide ROW) as dedicated in said subdivision and being the south common corner of Lot 1, Block A of said subdivision, same being described in the deed to D K Partnership, LTD., as recorded in Document No. 199938389 of the Official Public Records of Williamson County, Texas and said Lot 2; THENCE with the common line of said Lots 1 and 2 N 01° 02' 46" W, a distance of 95.81 feet to a calculated point for the POINT OF BEGINNING, being the southeast corner of the tract described herein, from which a 1/2 -inch iron rod with a plastic cap found bears S 57° 48' 36" E, a distance of 0.30 feet, also from which point a 1/2 -inch iron rod with a plastic cap found for the intersection of the south ROW line of Gattis School Road ( a varying width ROW) as described in the deed to the City of Round Rock , as recorded in Document No. 2000064678 of the Official Public Records of Williamson County, Texas and the west ROW line of Windy Park Drive (a 60 -foot wide ROW) as dedicated in said subdivision bears N 88° 52' 13" E, a distance of 37.94 feet; THENCE crossing said Lot 2 S 88° 52' 13" W, a distance of 50.14 feet to a calculated point in the west line of said Lot 2, for an angle point in said south ROW line of Gattis School Road and the southwest corner of the tract described herein, from which a 1/2 -inch iron rod found bears S 57° 58' 55" W, a distance of 0.27 feet, also from which a 1/2 -inch iron rod with a plastic cap found for the south common corner of Lot 3, Block A of said subdivision and said Lot 2 same being in the north ROW line of said Cottonwood Court bears S 01° 04' 41" E, a distance of 95.67 feet; THENCE with said west line, same being said south ROW line, N 01° 04' 41" W, a distance of 10.00 feet to a 1/2- inch iron rod with a plastic cap found for an angle point in said south ROW line, same being the northwest corner of said Lot 2 and the northwest corner of the tract described herein, Page 1 of 3 FN 2135 (TWH) April 18, 2001 SAM, Inc. Job No. 99105 -20 0.01 Acre Right-of-Way ASA Thomas Survey, A -609 Williamson County, Texas THENCE with said south ROW line, N 88° 52' 13" E, a distance of 50.14 feet to a 1/2 -inch iron rod with a plastic cap found in the east line of said Lot 2 for the northeast corner of said Lot 2, same being an angle point in said south ROW line, and being the northeast corner of the tract described herein; THENCE with said east line, same being mid south ROW line, S 01° 02' 46" E, a distance of 10.00 feet to the POINT OF BEGINNING and containing 0.01 acre (436 square feet) of land, more or less. Bearing Basis: Bearings are based on the Texas State Plane Coordinate System, NAD 83, Central Zone and adjusted to surface using a surface adjustment factor of 1.00012. As provided by Doug Anderson, RPLS, Survcon, Inc. THE STATE OF TEXAS COUNTY OF WILLIAMSON KNOW ALL MEN BY THESE PRESENTS: FN 2135 (TWH) April 18, 2001 SAM, Inc. Job No. 99105 -20 That I, Keith A. Jimenez, 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 during March 2001 under my d and supervision. WITNESS MY HAND AND SEAL at Austin, Travis County, Texas this the 23rd day of April 2001 A.D. SURVEYING AND MAPPING, Inc. 4029 Capital Of Texas Hwy., So. Suite 125 Austin, Texas 78704 Page 2 of 3 �1 iii 1 Fr. K ith A. lime Registered P dional Lan. urveyor No. 4329 - S.. of Texas CITY OF ROUND ROCK DOC. No. 2000064678 0. P. R. W.C. TX. 1 ■ DETAIL A I DETAIL NOT TO SCALE NOTES: KEIT A. JIMENEZ REGISTERED PR NO. 4329, STATE T TEXAS ar O a O N7 z LOT 3 APRIL, 2001 ASA THOMAS SURVEY A -609 WILLIAMSON COUNTY, TEXAS SCALE 1"•20' I 10 0 ASA THOMAS SURVEY A -609 GATTIS SCHOOL ROAD N88° 52 50.14' 0.01 ACRE (436 SQUARE FEET) P.O.B S88° 52'13 "W 50.14' N 'o m BEARINGS AND COORDINATES ARE BASED ON THE TEXAS STATE PLANE COORDINATE SYSTEM, NAD 83, CENTRAL ZONE AND ADJUSTED TO SURFACE USING A SURFACE ADJUSTMENT FACTOR OF 1.00012. AS PROVIDED BY DOUG ANDERSON, RPLS, SURVCON, INC. DETAILS ARE NOT DRAWN TO SCALE. I HEREBY CERTIFY THAT THIS SURVEY WAS MADE ON THE GROUND UNDER MY DIRECTION AND SUPERVISION AND THAT THIS PLAT IS TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE AND BELIEF LOT 2 WILLIAM C. STEPHENS IV AND WIFE, LINDA SUSAN STEPHENS VOL. 2256, PG. 718 O.R.W.C.TX. BLOCK A WINDY PARK SECTION ONE REVISED CAB. H, SLIDE 273 P.R. W.C. TX. Ai m CITY OF ROUND ROCK 0 -0%0 DOC. No. 2000064678 "kV O.P.R.W.C.TX, s o N88* 52'13"E 37.94' p 1.(3. .PT) m \ ' I' S C) a W C N O U, En P.O.C.. COTTONWOOD COURT (50 -FOOT WIDE RIGHT -OF -WAY) WINDY PARK SECTION ONE REVISED CABINET H, SLIDE 273 P.R.W.C.TX. LOT 1 D K PARTNERSHIP, LTD. DOC. No. 199938389 O.P.R.W.C.TX. DETAIL B DETAIL NOT TO SCALE LEGEND El CONCRETE MOMMIENT SET • CALCULATED PONT • NO D NAL FOUND O '4 NON ROD SET W /CM+ UNLESS NOTED • %' RON ROO FOND W/ CAP UNLESS NOTED RECORD If °RIAU*. P A°. PONT OF BECRIWIC POT. PONT OF COMMENCXIG ▪ NON ROO FOUR w NON PPE FOUND M IT T. OFFIOM. PIDUC RECORDS W•LIAMSOR COMITY. TEXAS °M..0.T. OFFICM_ RECORDS WLUM/SON COMITY. TEXAS x..X.I. PLAT RECORDS WLWWISON COMITY, TEXAS DEED RECORDS WLUMISON COMITY. TEXAS • • /D�CAPX�m, TRso RIGHT -OF -WAY PLAT mc. &ode 0&¢Prdesso,alPNm. Stile ,2S SHOWING PROPERTY OF 1 1 7810.1 (S1Z) WILLIAM C. STEPHENS IV AND WIFE, (512) 326-3023 ri F� 5' LINDA SUSAN STEPHENS PAGE 3 OF 3 REF. FIELD NOTE NO. 2135 I DATE: July 17, 2003 SUBJECT: City Council Meeting - July 24, 2003 ITEM: *11.D.1. Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Linda Susan Stephens for the purchase of right -of -way for the Gattis School Road project. Resource: Steve Sheets, City Attorney Julie Wolff, Legal Department History: The realignment and widening of Gattis School Road will increase mobility in the southeast quadrant of the City. Funding: Cost: $10,000.00 Source of funds: Round Rock Transportation System Development Corporation Outside Resources: Sheets & Crossfield, P.C. Impact /Benefit: Increased mobility in the southeast quadrant of the City. Public Comment: N/A Sponsor: N/A REAL ESTATE CONTRACT State of Texas County of Williamson THIS REAL ESTATE CONTRACT ( "Contract ") is made by and between LINDA SUSAN STEPHENS, (referred to in this Contract as "Seller ", whether one or more) and the 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: .01 acre more or less, situated in the Asa Thomas Survey, Abstract No. 609, Williamson County, Texas, being a portion of Lot 2, Block A, Windy Park Section One Revised, a subdivision of record in Cabinet H, Slide 273 of the Plat Records of Williamson County, Texas, more fully described by metes and bounds 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 "), and any improvements and fixtures situated on and attached to the Property, for the consideration and upon and subject to the terms, provisions, and conditions set forth below. -03 0 7 -,) -l�DI ARTICLE II PURCHASE PRICE Amount of Purchase Price 2.01. The purchase price for the Property shall be the sum of TEN THOUSAND and no /100 Dollars ($10,000.00). Payment of Purchase Price 2.02. The Purchase Price shall be payable in cash at the closing. ARTICLE III PURCHASER'S OBLIGATIONS T esktop \:: OLMA /IWORLDOX /O: /WDOX /CORR /TRANSP &T /GAITIS /STEPHENS /REST /OOOS1?S2. WPD /sle 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.) Preliminary Title Commitment 3.02. Within twenty (20) days after the date hereof, Seller, at Purchaser's sole cost and expense, shall have caused the Austin Title Company ( "Title Company ") to issue a preliminary title report (the "Title Commitment ") accompanied by copies of all recorded documents relating to easements, rights -of -way, etc., affecting the Property. In the event that title to the property is not satisfactory to Purchaser, Seller shall promptly undertake to eliminate or modify all unacceptable matters to the reasonable satisfaction of Purchaser, or shall provide Purchaser with any assistance reasonably requested as necessary to eliminate or modify such matters. In the event Seller is unable to do so within thirty (30) days after receipt of notice, Purchaser may terminate this Contract and it shall thereupon be null and void for all purposes and the Escrow Deposit shall be forthwith returned by the title company to Purchaser, as provided in Article VII. Purchaser's failure to give Seller this notice shall not be deemed to be Purchaser's acceptance of the Title Commitment. Survey 3.03. Within ten (10) days from the date hereof, Purchaser, at Purchaser's sole cost and expense, shall cause to be delivered a current plat of survey of the Property, prepared by a duly licensed Texas land surveyor. The survey shall be staked on the ground, and the plat shall show the location of all improvements, highways, streets, roads, railroads, rivers, creeks, or other water courses, fences, easements, and rights -of -way on or adjacent to the Property, if any, and shall contain the surveyor's certification that there are no encroachments on the Property and shall set forth the number of total acres comprising the Property, together with a metes and bounds description thereof. If any portion of the survey is unacceptable to Purchaser, then Purchaser shall give Seller written notice of this fact. Seller shall promptly undertake to eliminate or modify all the unacceptable portions to the reasonable satisfaction of Purchaser. In the event Seller is unable to do so within ten (10) days after receipt of written notice, Purchaser may terminate this Contract, and the Contract shall thereupon be null and void for all purposes and the Escrow Deposit shall be returned by the title company to Purchaser, as provided in Article VII. Purchaser's failure to give Seller this 2 written notice shall not be deemed to be Purchaser's acceptance of the survey. Miscellaneous Conditions 3.04. 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 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: (1) There are no parties in possession of any portion of the Property as lessees, tenants at sufferance, or trespassers; (2) Seller has complied with all applicable laws, ordinances, regulations, statutes, rules and restrictions relating to the Property, or any part thereof; (3) The Property herein 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 Austin Title, Round Rock office, on or before August 15, 2003, 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 (which date is herein referred to as the "closing date "). Seller's Obligations at Closing 5.02. At the closing Seller shall: (1) Deliver to Purchaser a duly executed and acknowledged Warranty Deed conveying good and marketable title in fee simple to 3 all of the Property, free and clear of any and all liens, encumbrances, conditions, easements, assessments, 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) Deliver to Purchaser a Texas Owner's Title Policy at Purchaser's sole expense, issued by Austin Title, 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 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;" 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." (d) Deliver to Purchaser possession of the Property. Purchaser's Obligations at Closing 5.03. At the Closing, Purchaser shall pay the cash portion of the purchase price. Prorations 5.04. 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 shall be paid by Seller. Agricultural roll -back taxes, if any, shall be paid by Purchaser. 4 C C osts 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 ESCROW DEPOSIT For the purpose of securing the performance of Purchaser under the terms and provisions of this Contract, Purchaser has delivered to Austin Title the sum of Five Hundred Dollars ($500.00), the Escrow Deposit, which shall be paid by the title company to Seller in the event Purchaser breaches this Contract as provided in Article IX hereof. At the closing, the Escrow Deposit shall be paid over to Seller and applied to the cash portion of 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 VII 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 shall be forthwith returned by the title company to Purchaser. ARTICLE VIII 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 5 and Seller not being in default hereunder, Seller shall have the right to receive the Escrow Deposit 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. ARTICLE IX MISCELLANEOUS Notice 9.01. 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 9.02. 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 9.03. 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 9.04. 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 9.05. 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. 6 Time of Essence 9.06. Time is of the essence in this Contract. Gender 9.07. 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. Memorandum of Contract 9.08. Upon request of either party, both parties shall promptly execute a memorandum of this Contract suitable for filing of record. Compliance 9.09 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 9.10 This Contract shall be effective as of the date it is approved by the Round Rock City Council, which date is indicated beneath the Mayor's signature below. Possession and Use Agreement 9.11 By signing this Contract, Seller agrees to allow Purchaser to use and possess the Property for the purpose of constructing and /or improving a public road and related facilities, upon deposit of the Escrow Money with the Title Company and full execution of this contract. SELLER: LINDA SUSAN STEPH NS 7 DATE PURCHASER: CITY OF ROUND ROCK Date: + - 09 1 4 03 8 0.01 Acre Right -of -Way ASA Thomas Survey, A -609 Williamson County, Texas EXHIBIT A Page 1 of 3 FN 2135 (TWH) April 18, 2001 SAM, Inc. Job No. 99105 -20 DESCRIPTION OF A 0.01 ACRE (436 SQUARE FEET) TRACT OF LAND LOCATED IN THE ASA THOMAS SURVEY, ABSTRACT NO. 609, WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF LOT 2, BLOCK A WINDY PARK SECTION ONE REVISED, A SUBDIVISION OF RECORD IN CABINET H, SLIDE 273 OF THE PLAT RECORDS WILLIAMSON COUNTY, TEXAS, SAME BEING DESCRIBED IN THE DEED TO WILLIAM C. STEPHENS IV AND WIFE, LINDA SUSAN STEPHENS, AS RECORDED IN VOLUME 2256, PAGE 718 OF THE OFFICIAL RECORDS WILLIAMSON COUNTY, TEXAS, SAID 0.01 ACRE (436 SQUARE FEET) TRACT OF LAND AS SHOWN ON THE ACCOMPANYING SKETCH AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: COMMENCING at a 1/2 -inch iron rod with a plastic cap found in the north right -of -way (ROW) line of Cottonwood Court (a 50 foot wide ROW) as dedicated in said subdivision and being the south common corner of Lot 1, Block A of said subdivision, same being described in the deed to D K Partnership, LTD., as recorded in Document No. 199938389 of the Official Public Records of Williamson County, Texas and said Lot 2; THENCE with the common line of said Lots 1 and 2 N 01° 02' 46" W, a distance of 95.81 feet to a calculated point for the POINT OF BEGINNING, being the southeast corner of the tract described herein, from which a 1/2 -inch iron rod with a plastic cap found bears S 57° 48' 36" E, a distance of 0.30 feet, also from which point a 1/2 -inch iron rod with a plastic cap found for the intersection of the south ROW line of Gattis School Road (a varying width ROW) as described in the deed to the City of Round Rock , as recorded in Document No. 2000064678 of the Official Public Records of Williamson County, Texas and the west ROW line of Windy Park Drive (a 60 -foot wide ROW) as dedicated in said subdivision bears N 88° 52' 13" E, a distance of 37.94 feet; THENCE crossing said Lot 2 S 88° 52' 13" W, a distance of 50.14 feet to a calculated point in the west line of said Lot 2, for an angle point in said south ROW line of Gattis School Road and the southwest corner of the tract described herein, from which a 1/2 -inch iron rod found bears S 57° 58' 55" W, a d of 0.27 feet, also from which a 1/2 -inch iron rod with a plastic cap found for the south common corner of Lot 3, Block A of said subdivision and said Lot 2 same being in the north ROW line of said Cottonwood Court bears S 01° 04' 41" E, a distance of 95.67 feet; THENCE with said west line, same being said south ROW line, N 01° 04' 41" W, a distance of 10.00 feet to a 1/2- inch iron rod with a plastic cap found for an angle point in said south ROW line, same being the northwest corner of said Lot 2 and the northwest corner of the tract described herein, 0.01 Acre Right -of -Way ASA Thomas Survey, A -609 Williamson County, Texas THENCE with said south ROW line, N 88° 52' 13" E, a distance of 50.14 feet to a 1/2 -inch iron rod with a plastic cap found in the east line of said Lot 2 for the northeast corner of said Lot 2, same being an angle point in said south ROW line, and being the northeast corner of the tract described herein; THENCE with said east line, same being said south ROW line, S 01° 02' 46" E, a distance of 10.00 feet to the POINT OF BEGINNING and containing 0.01 acre (436 square feet) of land, more or less. Bearing Basis: Bearings are based on the Texas State Plane Coordinate System, NAD 83, Central Zone and adjusted to surface using a surface adjustment factor of 1.00012. As provided by Doug Anderson, RPLS, Survcon, Inc. THE STATE OF TEXAS COUNTY OF WILLIAMSON SURVEYING AND MAPPING, Inc. 4029 Capital Of Texas Hwy., So. Suite 125 Austin, Texas 78704 KNOW ALL MEN BY THESE PRESENTS: FN 2135 (TWH) April 18, 2001 SAM, Inc. Job No. 99105 -20 That I, Keith A. Jimenez, 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 during March 2001 under my direction and supervision. WITNESS MY HAND AND SEAL at Austin, Travis County, Texas this the 23rd day of April 2001 A.D. Page 2 of 3 K ith A. Jime Registered Tonal Lan. urveyor No. 4329 - S of Texas CITY OF ROUND ROCK DOC. No. 2000064678 O.P.R.W.C.TX. ■ DETAIL A I DETAIL NOT TO SCALE NOTES. KEIT A. JIMENEZ REGISTERED PR L ONAL NO. 4329, STATE TEXAS a 0 O • Z LOT 3 APRIL, 2001 ASA THOMAS SURVEY A -609 WILLIAMSON COUNTY, TEXAS SCALE 1 "•20' 0 110 ASA THOMAS SURVEY A -609 GATTIS SCHOOL ROAD N88° 52'13 "E 50.14' 0.01 ACRE (436 SQUARE FEET) P.O.B. S88° 5213 "W 50.14' to m • BEARINGS AND COORDINATES ARE BASED ON THE TEXAS STATE PLANE COORDINATE SYSTEM, NAD 83, CENTRAL ZONE AND ADJUSTED TO SURFACE USING A SURFACE ADJUSTMENT FACTOR OF 1.00012. AS PROVIDED BY DOUG ANDERSON, RPLS, SURVCON, INC. DETAILS ARE NOT DRAWN TO SCALE. I HEREBY CERTIFY THAT THIS SURVEY WAS MADE ON THE GROUND UNDER MY DIRECTION AND SUPERVISION AND THAT THIS PLAT IS TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE AND BELIEF VEYOR LOT 2 WILLIAM C. STEPHENS IV AND WIFE, LINDA SUSAN STEPHENS VOL. 2256, PG. 718 O.R.W.C.TX. 4 25 of BLOCK A WINDY PARK SECTION ONE REVISED CAB. H, SLIDE 273 P.R.W.C.TX. DATE RE m P.O.C. • COTTONWOOD COURT (50 -FOOT WIDE RIGHT -OF -WAY) WINDY PARK SECTION ONE REVISED CABINET H, SLIDE 273 P.R.W.C.TX. CITY OF ROUND ROCK DOC. No. 2000064678 O.P.R.W.C.TX. N88' 52'13"E 37.94' LOT 1 D K PARTNERSHIP, LTD. DOC. No. 199938389 O.P.R.W.C.T X. DETAIL B DETAIL NOT TO SCALE LEGEND IJ CONCRETE MONUMENT SET A CALCULATED PONT A 80DNM. FOUND 0 Y" RON ROD SET WOW (*LESS NOTED • %' WON ROD FOUM) W/ CAP LNLESS NOTED T I RECORD *FORMATION OM. PONT OF BECIMINO P.T.A. PONT OF COINIENCNG WON ROD MAO M C P WON PPE FOUND .. OFFICIAL PIIRLIC RECORDS WLLIMISON COUNTY. TEXAS GA.aCT.. OFFICIAL RECORDS WILLIAMSON COUNTY. TERM xW.C.T.. PLAT RECORDS WLLIMASON COUNTY, TEXAS RAWC.T.. OEM RECORDS WILLIAMSON COUNTY, TEXAS SAM SURVEYING•AERIAI MAPPING•ENGINEERING INC. , �9�p °oIT�HD So RIGHT-OF -WAY PLAT amble Oaks Professional PUm, Sole 125 SHOWING PROPERTY OF 51 4 4 7- Je'°" 1510 WILLIAM C. STEPHENS IV AND WIFE, (2) 05 Fax: (55,2)12) 3 3225 6.1020 LINDA SUSAN STEPHENS PAGE 3 OF 3 REF. FIELD NOTE NO. 2135