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R-88-1135 - 7/14/1988 Jean Bright Land MNIfXk'AXA ' P. O. Box 5036 Austin,Texas 78 763 (512)4780176 Proposal for the City May 31, 1988 of Round Rock As we have discussed with you over the past few months, the Bright family intends to proceed with the donation of that portion of a lake that lies on our property situated on a 213 acre tract owned by Bright Farms, Inc., and the William R. Bright Testamentary Trust, as shown in Attachment "A". Most of the aforementioned land to be donated is located in an easement to the Brush Creek Water Control and Improve- ment District #1, plus some to make the parcel more symmetrical. As we have agreed, this donated acreage will count toward the manda- tory donation of parkland required by the City of Round Rock when the property is developed. As we have also discussed, our gift will be contingent on the City of Round Rock Building and maintaining an access to the lake for the livestock on our property, so that as long as our property is used for agricultural purposes, livestock will have access to the water. We would now propose that the City of Round Rock pay all closing costs associated with the donation. Collins Warren and Associates of Austin have worked this property before and would therefore conduct the appraisal more efficiently perhaps than another firm. Attachment "B" is the estimate of the cost of the appraisal of $2,200.00. The survey as you will note in Attachment "A", is almost complete. All that remains is the survey of one line and the field notes. The work has been and will be done by HaynieKallman Engineering. We are agreeable to your own City Attorney, Steve Sheets, doining the leagal work which our attorney will review. The Title Policy may range between $800.00 and $1,600.00. Based on the above, it is our estimate that the closing will not cost more than $5,000.00. We would like to accomplish the transfer on or before December 15, 1988, but not before December 1, 1988. Your consideration of this matter will be greatly appreciated. It is a pleasure to work with all of you on this project. APPROVED Jean Bright Land President, Bright Farms, Inc. DISAPPROVED Trustee, William R. Bright Testamentary Trust a OLD SETTLERS PARK AT PALM VALLEY EXHIBIT "A" •• i a• t' h t 7 p Cx f/rGi� "f3 " COLLINS WARREN &ASSOCIATES, INC. REAL ESTATE APPRAISERS&CONSULTANTS (512)480-9100 May 18, 1988 Ms. Jean Bright Land P.O. Box 5036 Austin, Texas 78763 RE: An appraisal of a partial taking out of a 213.562 acre tract of vacant land located on located on the north side of U.S. Highway 79, Williamson County, Texas. Dear Ms. Land: Per our conversation today, you have requested that we prepare a fee quote for appraising the above referenced property. It is our understanding that the property to be appraised is a portion of a 213.562 acre tract. Furthermore, we understand that the area to be appraised is entirely within a flood control easement. This will require that we appraise the entire 213.562 acre tract and then arrive at a value for the partial taking. We will also have to determine if there are any damages to the remainder after the taking. Due to the scope of this type of appraisal and the scarcity of comparable sales of similar properties, preparation of this report will probably require extensive research. Based on these considerations, COLLINS WARREN & ASSOCIATES, INC. agrees to complete the appraisal for a fee not to exceed $2,200. Upon acceptance of this assignment, we should be able to furnish You with a completed report within four weeks. We appreciate you contacting us about preparing this appraisal and look forward to hearing from you soon. Please do not hesitate to call if we can be of further assistance or if you have any questions. Sincerely, COLLINS WARREN AND ASSOCIATES, INC. Glen N. Sanders GNS/ls 2010 ONE CONGRESS PLAZA•111 CONGRESS AVR.NIIR.,URTIN TPYAQ-707M RESOLUTION NO. WHEREAS, the City of Round Rock desires to accept a donation of certain real property owned by Bright Farms, Inc., and the William R. Bright Testamentary Trust, and WHEREAS, the owners of said property desire to make said donation on the condition that the City agree to certain proposals as set out in Exhibit "A", attached hereto; Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the Mayor of the City of Round Rock, Texas be hereby authorized to sign said proposal, and thereby bind the City to perform all conditions as set out in said proposal. RESOLVED THIS �day of July, 1988. MIKE ROBINSON, Mayor City of Round Rock, Texas ATTEST: JO NE LAND, City Secretary C28RESBRIGH Jean Bright Land MkXk7}£� W' JP. 0. Box 5036 Austin,Texas 78763 (512)478-9176 Proposal for the City May 31, 1988 of Round Rock As we have discussed with you over the past few months, the Bright family intends to proceed with the donation of that portion of a lake that lies on our property situated on a 213 acre tract owned by Bright Farms, Inc., and the William R. Bright Testamentary Trust, as shown in Attachment "A". Most of the aforementioned land to be donated is located in an easement to the Brush Creek Water Control and Improve- ment District #1, plus some to make the parcel more symmetrical. As we have agreed, this donated acreage will count toward the manda- tory donation of parkland required by the City of Round Rock when the property is developed. As we have also discussed, our gift will be contingent on the City of Round Rock Building and maintaining an access to the lake for the livestock on our property, so that as long as our property is used for agricultural purposes, livestock will have access to the water. We would now propose that the City of Round Rock pay all closing costs associated with the donation. Collins Warren and Associates of Austin have worked this property before and would therefore conduct the appraisal more efficiently perhaps than another firm. Attachment "B" is the-estimate of the cost of the appraisal of $2,200.00. The survey as you will note in Attachment "A", is almost complete. All that remains is the survey of one line and the field notes. The work has been and will be done by HaynieKallman Engineering. We are agreeable to your own City Attorney, Steve Sheets, doining the leagal work which our attorney will review. The Title Policy may range between $800.00 and $1,600.00. Based on the above, it is our estimate that the closing will not cost more than $5,000.00. We would like to accomplish the transfer on or before December 15, 1988, but not before December 1, 1988. Your consideration of this matter will be greatly appreciated. it is a pleasure to work with all of you on this project. Jean Bright Land President, Bright Farms, Inc. DISAPPROVED Trustee, William R. Bright Testamentary Trust ' 347 • ,�1 ,' __�.?.J 20t, .367 ' CCCt I;::i ..4•^.>1�;349 52 353 1 357 16.1 ••I 16P C.. .\ 165 162 :� .. I`• -, vim.�-, 16 { fig • I •. _ !', 166 •.I 1w I . ! 'is - I .. +•A60 \` • � .,1 � � � 1•'�1•� 364` -�o S� � 9G2 .,S••,��5L� ' 1 .:iii' ::. `—'••� •': t"%' i+• 7y ' � :4Y1 , `�-� .�•1� 4 G �;;�,. 173�'n I ,70 c I_ ,1 1-51 1 6 I �.51`j .�•°I�'t"' /J 174 177 .y9 179 I' APO I, Atli • 1 ]0:1 1 IGR 2 J % •I ;.:i ;,')�165 I 89 1p 4 ��0� COLLINS WARREN &ASSOCIATES, INC. REAL ESTATE APPRAISERS&CONSULTANTS (512)480-9100 May 18, 1988 Ms. Jean Bright Land P.O. Box 5036 Austin, Texas 78763 RE: An appraisal of a partial taking out of a 213.562 acre tract of vacant land located on located on the north side of U.S. Highway 79, Williamson County, Texas. Dear Ms. Land: Per our conversation today, you have requested that we prepare a fee quote for appraising the above referenced property. It is our understanding that the property to be appraised is a portion of a 213.562 acre tract. Furthermore, we understand that the area to be appraised is entirely within a flood control easement. This will require that we appraise the entire 213.562 acre tract and then arrive at a value for the partial taking. We will also have to determine if there are any damages to the remainder after the taking. Due to the scope of this type of appraisal and the scarcity of comparable sales of similar properties, preparation of this report will probably require extensive research. Based on these considerations, COLLINS WARREN & ASSOCIATES, INC. agrees to complete the appraisal for a fee not to exceed $2,200. Upon acceptance of this assignment, we should be able to furnish you with a completed report within four weeks. We appreciate you contacting us about preparing this appraisal and look forward to hearing from you soon. Please do not hesitate to call if we can be of further assistance or if you have any questions. Sincerely, COLLINS WARREN AND ASSOCIATES, INC. i 1 Glen N. Sand%/C�ifi Pll ders GNS/ls 2010 ONE CONGRESS PLAZA•111 CONGRESS AVENUE•AUSTIN.'CEXAS 78701 OLD SETTLERS PARK AT PALM VALLEY 1 EXHIBIT "A" • K I x 9 ; DATE: July 12,1988 SUBJECT: Council Agenda, July 14, 1988 ITEM: 10C. Consider a resolution authorizing the Mayor to accept a proposal submitted by Jean Bright Land. STAFF RESOURCE PERSON: SHARON PRETE STAFF RECOMMENDATION: StafE has requested the Bright Estate to donate approximately 10 acres on the east side of the lake at old Settlers Park at Palm Valley. This would allow the City total ownership of the lake, thus eliminating potential trespassing problems. Steve Sheets and I recommend that Council enter into this agreement to pay for the appraisal„ survey,title policy and legal costs. ECONOMIC IMPACT: Land costs in this area vary substantially and the appraisal has not been completed, but the land valve would exceed the cost to the City.