R-78-154 - 1/24/1978WHEREAS, by previous action, the City.Council has deemed it
necessary to acquire certain real estate to allow for the widening
and improving of Highway 620, and
WHEREAS, the estimated cost of acquiring the real estate
including purchase price, court costs, and attorney's fees is
$92,281.00, and
WHEREAS, Section 8.07 of the Home Rule Charter For The City
of Round Rock, Texas provides that the city may borrow up to ten
percent (10 %) of the budget for that fiscal year, and
WHEREAS, the budget for the fiscal year exceeds $1,500,000.00,
THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
ROUND ROCK, TEXAS, THAT:
The City Manager be authorized to borrow up to $92,281.00
from Farmers State Bank of Round Rock, to be used in the acquisi-
tion of the necessary real estate for the Highway 620 project.
READ, PASSED, and ADOPTED, this 24th day of January, 1978.
ATTEST:
RESOLUTION
E OZ/Uil
'/anne Land, Ci Secretary
RESOLUTION NO. 154R
z
Ray Litton, Mayor
City of Round Rock, Texas
REAL ESTATE SALES CONTRACT
THIS IS A CONTRACT whereby the Round Rock Independent School
District herein called Seller, agrees to sell to the City of Round
Rock, Texas, herein called Buyer, who agrees to purchase, upon the
terms and provisions hereof, the following described real property,
in its present condition, situated in Williamson County, Texas, to-
wit:
0.786 acre of land, more or less, out of the Jacob M. Harrell
Survey, Abstract No. 284, in Williamson County, Texas, and being
part of a tract conveyed to Round Rock Independent School District
by the following deeds recorded in Deed Records of Williamson
County, Texas:
Austin White Lime Company to Round Rock Independent School
District recorded in Volume 529, Page 265, and
John A. Pfluger and Edgar W. Smith to Round Rock Independent
School District recorded in Volume 529, Page 267 and Volume
529, Page 268,
Said 0.786 acre tract of land, more or less, being more
described by metes and bounds.as follows:
t . a.. s�
BEGINNING at a point for the northwest corner of the Round Rock
Independent School District tract of land, said point being the
northeast corner of a tract conveyed to N. G. Whitlow et al
by deeds recorded in Volume 615, Page 359; Volume 615, Page
356; Volume 649, Page 853, Deed Records'of Williamson County
Texas; said beginning point being in the existing south right
of way line of R.M. Highway 620;
THENCE with the said existing right of way line along a curve
to the right, the radius of which is 872.93 feet, an arc distance
of 186.26 feet, the chord of which bears South 66 ° 55'57" East,
185.90 feet to a point of tangency;
THENCE continuing along said existing right of way line, South
60°49'12" East, 216.50 feet to the point of a curve;
THENCE along a curve to the left the radius of which is 979.13
feet, an arc distance of 113.22 feet, the chord of which bears
South 64 °07'57" East, 113.15 feet to a point for the east corner
of the tract herein described; said point being 60 feet right
of and normal to proposed R. M. Highway 620 relocated Centerline
Station 474 +07.50;
THENCE with the proposed new south right of way line of R. M.
Highway 620, along a curve to the right having a radius of
3879.72 feet, an arc distance of 320.49 feet, the chord of
whicha bears North 76°26'59" West, 320.40 ,feet, _t -- -/~'
point;
THENCE along said proposed right of way line South 55°33'09"
41,73 feet to a point;
THENCE continuing along said proposed right of way line South 81°
40'West, 89,21 feet to a point in the grantor's west property line,
from which point the grantor's southwest property corner bears
South 8 °20'East, a distance of 2 186 ±.feet; said point also being
128.78 feet right of and normal to said R. M. Highway
620 relocated Centerline Station 469 +84;01;
THENCE along said west property line, North 8 ° 20'West, 191.25
feet to the point of beginning.
The total sales price is $11,790.00, payable upon the closing
of this transaction.
Seller is to furnish Buyer an OWNER'S POLICY OF TITLE INSURANCE
at Buyer's expense issued by a title company of Buyer's choice, tax
certificates showing no delinquent taxes, (current taxes, to be
prorated to date of closing) a General Warranty Deed to be recorded
at Buyer's expense, conveying good and marketable title.
The Owner's Policy of Title Insurance to be furnished hereunder
is to be delivered as and when the sale is closed, which be
within forty -five (45) days from date hereof unless attorneys for
said Title Company discover objections to title, in which case sale
is to be closed when objections are removed, provided the objections
are removed within a reasonable time, which in no event shall extend
beyond sixty (60) days from date hereof. It is agreed that by the
delivery of Owner's Policy of Title Insurance (form prescribed by
State Board of Insurance of the State of Texas) under the terms of
this contract, dated as of the date of closing and issued to Buyer
in the amount of the total sales price, guaranteeing Buyer's title
to be good and indefeasible subject only to the following:
1. Restrictive covenants affecting the land described or
referred to above.
2. All taxes for the current and subsequent years.
all duties of the Seller as to the sufficiency of title required
hereunder shall be deemed to be fully performed by Seller; however,
Seller shall not thereby be released from the warranties of his deed.
This contract is expressly contingent upon Buyer being able
to acquire title to all of the property needed to complete the widening
and straightening of Highway 620.
1977.
Time is of the essence of this contract.
EXECUTED in multiple copies this 7 1 day of '
ROUND ROCK INDEPENDENT' SCHOOL • CITY OF ROUND._ ROCK, TEXAS
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