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R-81-374 - 3/26/1981• TEXAS ATTEST: JOANNE LAND, City'Secretary RESOLUTION NO. 3 7T /Q WHEREAS, the City Council desires to sell the portable library building, and WHEREAS, the YMCA of Round Rock has submitted a written agreement for the purchase of said building, and WHEREAS, the City Council wishes to accept the proposal of the YMCA, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, That the Mayor is hereby authorized and directed to execute on behalf of the City an agreement with the YMCA of Round Rock for the sale of the portable library building, a copy of said agreement being attached hereto and incorporated herein for all purposes. TN RESOLVED this p (� p - day of i / / / /�j , 198 IV L. �i�i , ayor Ci of Rou d R.ck, Texas STATE OF TEXAS COUNTY OF WILLIAMSON ATTEST: Secretary J EST: 4._ a CONTRACT OF SALE AGREEMENT made this at,„ 71 day of QA. i i}' , 1981, by and between the City of Round Rock, a municipal corporation (City) acting by and through its authorized representative and the YMCA of Round Rock (YMCA), a Texas corporation acting by and through its president. 1. The City does hereby sell, convey, and transfer to YMCA and the YMCA does hereby accept that one certain 24 X 64 portable library building for the sum of Thirteen Thousand and No /100 Dollars (513,000.00) to be paid as follows: (a) Six Thousand, Five Hundred and No /100 Dollars ($6,500.00) to be paid at closing, and (b) Six Thousand, Five Hundred and No /100 Dollars (56,500.00) to be paid one (1) year from date of closing. 2. The risk of loss from any casualty to the building, regardless of the cause, shall be on City until closing. 3. City warrants that the building is now free, and that at the time of closing shall be free from any security interest or other lien or encumbrance. 4. Furthermore, City warrants that at the time of sign- ing this agreement City neither knows, nor has reason to know, of the existence of any outstanding title or claim of title hostile to the rights of City in the building. 5. YMCA hereby agrees to move said building from the present location within thirty (30) days and to pay all the expenses of such moving. 6. City agrees to provide water and sewer service connec- tions without charge. Closing shall be on or before April 3, 1981. IN WITNESS WHEREOF, the parties have executed this agree- ment on the day and year first above written. YMCA of Round Rock ANNE LAND OUND R , City Secretary - CIT RY ayor 4