R-89-1364 - 10/12/1989WHEREAS, Pfluger- Knebel Ranch Partnership ( "Seller ") and the
City of Round Rock, Texas ( "Purchaser ") entered into a Real Estate
Contract dated June 23, 1989, and
WHEREAS, Seller and Purchaser now desire to extend certain dates
and deadlines provided for in said Contract, 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 an Addendum To Real Estate Constract, a copy of
said Addendum being attached hereto and incorporated herein for all
purposes.
RESOLVED this 12th day of October, 1989.
ATTEST:
[. /
J a1NNE LAND, City Secretary
C- RS10129G
7
RESOLUTION NO. / —) 6 I k
MIKE ROBINSON, Mayor
City of Round Rock, Texas
WHEREAS, Pfluger - Knebel Ranch Partnership ( "Seller ") and the City
of Round Rock, Texas ( "Purchaser ") entered into a Real Estate
Contract ( "Contract ") dated June 23, 1989, and
WHEREAS, Seller and Purchaser now desire to extend certain dates
and deadlines provided for in said Contract, Now Therefore
IT IS AGREED BY THE UNDERSIGNED AS FOLLOWS:
I.
Seller and Purchaser hereby expressly acknowledge that the
Contract, dated June 23, 1989 is a valid and subsisting agreement, as
amended by this Addendum, and do hereby readopt fully each of the
terms of said Contract and acknowledge the validity of said Contract
as hereby amended.
The Addendum is executed to be effective as of October 12, 1989.
SECOND ADDENDUM TO
REAL ESTATE CONTRACT
II.
Article 3.04 shall be amended so that the time period for
Purchaser to obtain financing shall be extended to November 20, 1989.
The date for Purchaser to terminate the Contract if it has been
unable to obtain financing shall also be November 20, 1989.
III.
Article V shall be amended to extend the closing date to December
1, 1989.
GbADDRLEST
IV.
SELLER:
Pfluger - Knebel Ranch Partnership
By: kALA I " / ( v �n
Kenneth M. Pfluger ,, ManIging
Partner
PURCHASER:
City of Round
RECEIVES ,O c•; 2 ? 1989
By: �
Mike Robinson, Mayor
DATE: October 9, 1989
SUBJECT: City Council Agenda, October 12, 1989
ITEM: 12G. Consider a resolution authorizing the Mayor to enter into an
addendum for extending the date of closing to the contract to
purchase the Pfluger contract.
STAFF RESOURCE PERSON: Bob Bennett
STAFF RECOMMENDATION:
The closing of the Pfluger Tract needs to be extended to the second week of
November. The contract with Pfluger terminates the end of October. The
addendum will extend the contract to December. Ken Pfluger has agreed to
the extension.