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R-97-02-13-18A - 2/13/1997•h WHEREAS, the Round Rock City Council is concerned with the increased traffic congestion on Louis Henna Blvd. /SH 130 and wishes to facilitate its expansion and improvement by the Texas Department of Transportation, and WHEREAS, in order to accomplish such expansion, additional right of way will be necessary, and WHEREAS, certain property in the DuPont Subdivision along the existing right of way is desirable for such expansion, and WHEREAS,the Council finds it to be in the interests of the health, safety and welfare of the citizens of Round Rock to acquire the needed right of way, 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 Richard E. DuPont, Trustee for the purchase of needed right of way along Louis Henna Blvd. /SH 130. RESOLVED this 13th day of February 1997. ATTEST: E R: XPOOCS \RSSOLVII \RS70113.18A /.1S LAND, City Secretary RESOLUTION NO. R 97 02 13 - 18A CHARLES CUL 45, Mayor City of Round Rock, Texas •02/07/97 15:5. 23112 255 8980 Sheets & Cross..', EJ002/007 States of Texas County of Williamson REAL ESTATE CONTRACT THIS CONTRACT OF SALE ( "Contract ") is made by and between Richard E. Dupont, Trustee, (referred to in this Contract as "Seller ") and the City of Round Rock, a Texas home rule city, of 221 E. Main St., Round Rock, Williamson County, Texas (referred to in this Contract as "Purchaser "), upon the terms and conditions set forth in this Contract. ARTICLE I 1.01. Purehaae and sale. By this Contract, Seller sells and agrees to convey, and Purchaser purchases and agrees to pay for, the tract of land situated in Williamson County, Texas, being more particularly described as follows: Lot 4, DuPont Subdivision of the City of Round Rock, Williamson County, Texas, as depicted on 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 "), together with any improvements, fixtures, and personal property situated on and attached to the Property, for the consideration and upon and subject to the terms, provisions, and conditions set forth below. C:w..oacuclrn..u.urc\wc MM.wen,.i. ARTICLE II 2.01. Purchase Price. The purchase price for the Property shall be the sum of Three Hundred Fifty Thousand and No /100 Dollars ($350,000.00). ARTICLE III 3.01. Conditions to Purobaaer'a Obligation.. 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(as hereinafter defined)). 3.02. Preliminary Title Commitment. Simultaneously with the execution hereof, Seller, at Seller's sole cost and expense, shall have caused the title company to issue a preliminary title report (the "Title 1 .02/07/97 15:57•. 8612 265 8986 Sheets & Cross..'. 1 008 /007 Commitment ") accompanied by copies of all recorded documents relating to easements, rights -of -way, etc., affecting the Property. Purchaser shall give Seller written notice on or before the expiration of ten (10) days after Purchaser receives the Title Commitment that the condition of title as set forth in the Title Commitment is or is not satisfactory, and in the event Purchaser states that the condition is not satisfactory, Seller shall promptly undertake to eliminate or modify all unacceptable matters to the reasonable satisfaction of Purchaser. In the event Seller is unable to do so within ten (10) days after receipt of written notice, this Contract shall thereupon be null and void for all purposes and the Escrow Deposit shall be forthwith returned by the title company to Purchaser. Purchaser's failure to give Seller this written notice shall be deemed to be Purchaser's acceptance of the Title Commitment. 3.03. General Conditions. 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 4.01. 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: (1) There are no parties in possession of any portion of the Property as lessees, tenants at sufferance, or trespassers; and (2) Seller has complied with all applicable laws, ordinances, regulations, statutes, rules and restrictions relating to the Property, or any part thereof. ARTICLE V CLOSING 5.01. Date. The closing shall be held at the Title Company on or before February 14, 1997, or at such time, date, and place as Seller and Purchaser may agree upon (which date is herein referred to as the "Closing "). 5.02. Seller's Obligations. At the Closing Seller shall: (1) Deliver to Purchaser a duly executed and acknowledged General Warranty Deed conveying good and marketable title in fee simple to all of the Property, free and clear of any 2 02/07/97 15:58'. '6512 255 8988 Sheets & Cross. 0004/007 and all liens, encumbrances, conditions, easements, assessments, and restrictions, except for the following: (i) General real estate taxes for the year of closing and subsequent years not yet due and payable; (ii) Any exceptions approved by Purchaser pursuant to Article III hereof; and (iii)Any exceptions approved by Purchaser in writing. (2) Deliver to Purchaser a Texas Owner's Title Policy at Purchaser's sole expense, issued by First American Title Company of Austin, 4107 Spicewood Springs Rd., Austin, Texas, 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 in Article V hereof, 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: (i) The boundary and survey exceptions shall be deleted; (ii) The exception as to restrictive covenants shall be endorsed "None of Record'; and (iii)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." (3) Deliver to Purchaser possession of the Property. 5.03. Purchaser's Obligations. At the Closing, Purchaser shall pay the purchase price to Seller. 5.04. Prorationa. General real estate taxes for the then current year relating to the Property shall be prorated as of the Closing 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, specifically including Road District assessments shall be paid by Seller at Closing. 5.05 Closing Costs. All costs and expenses of Closing in consummating the sale and purchase of the Property shall be borne and paid as follows: 3 .02/07/97 15:58'. V512 255 8988 Owner's Title Policy paid by Seller; Road District Assessments paid by Seller; Filing fees paid by Purchaser; and Attorney's fees paid by each respectively. Sheets & Cross. 0005/007 ARTICLE VI 6.01. Real Estate Commiaaions. It is understood and agreed that there are no brokers involved in the negotiation and consummation of this Contract. ARTICLE VII 7.01. Escrow Dopoait. For the purpose of securing the performance of Purchaser under the terms and provisions of this Contract, Purchaser has delivered to First American Title Company of Austin, the sum of Five Hundred Dollars ($500), 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 VIII 8.01. 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, the Escrow Deposit shall be forthwith returned by the title company to Purchaser. ARTICLE Ix 9.01. 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 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 • 02/07/97 16:69'• 126 266 8986 Sheets & Cross. • • Q1006/007 its total damages and relief and as Seller's sole remedy hereunder in such event. ARTICLE x MISCELLAN1^OIIS 10.01. Assignment of Contract. This Contract may not be assigned without the express written consent of Seller. This Contract may be assigned by Seller to Maxserve, Inc. 10.02. Survival of Covenants. Any of the representations, warranties, covenants, and agreements of the parties, as well as any rights and benefits of the parties, pertaining to a period of time following the Closing of the transactions contemplated hereby shall survive the Closing and shall not be merged therein. 10.03. Notice. 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. 10.04. Texas Law to Apply. 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. 10.05. Parties Hound. 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. 10.06. Legal construction. 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. 10.07. Prior Agreements Superseded. 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. 10.00. Time of Essence. Time is of the essence in this Contract. 5 .02/07/97 15:59% V512 255 8980 Sheets & Cross..' Q1007/007 10.09. Gender. 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. 10.10. Memorandum of Contract. Upon request of either party, both parties shall promptly execute a memorandum of this Contract suitable for filing of record. 10.11. Compliance. 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. Dated this l3 day of February, 1997. Date: February _ , 1997. PURCHASER City . ck Texas by: y / ✓J Charles r, Mayor 221 E. Main St. Round Rock, Texas 78664 RECEIPT Receipt of a copy of the foregoing Contract and $500.00 Earnest Money in the form of a check is acknowledged. First American Title of Austin, Escrow Agent BY: 6 N9 Delta Rn8nr, Are I math Chord I nnnth Chord Bear1n9 C1 01'4814' 10722.79 331364 338 63 57029'39'W C2 07 40000 4995 4992 531 C3 01'27'56' 10672.79 278 09 278 08 571'40 04 0021'03' 10672.79 6658 6658 570'45'56'W C5 01 10872.79 34467 34465 57179'54'W PROJECT SITE VICINITY MAP (5 TS.) BRYANT DRIVE (70' ROW) 91919'45'6 70 00' DETAIL SCALE 1•=30' CURVE DATA 05 1 5 4 00' 14 ' 11500 62 INTERCHANGE BUSINESS PARK SECTION TWO CABINET J, SLIDE 28 LOT 1 BLOCK 'A' N192Y28"W 127 92' UUUt1L0 LOT 2 LOT I 12331 � 428.5f SEE DETAIL R =70' 15,660 S.F. HEREBY DEDICATED FOR R.O.W. BLOCK LOT 2 17758 ACRES 15 P U E 977.79' BLOCK ' O INTERCHANGE BUSINESS PARK SECTION TWO CABINET J, SLIDE 28 LOT 2 LOT 3 0011.8 HICKERSON VOL 526, PG 50 117 ACRES S1919'45'E 51919'4(0 300 50' 62 1750.16' 2,28 97' N18•56'15'W 1206.76' GENERAL NOTES: 1 BUILDING SETBACK LINES SHALL BE IN ACCORDANCE 41111 THE CITY OF ROUND ROCK ZONING ORDINANCE 2 SIDEWALKS SHALL BE CONSTRUCTED IN ACCORDANCE WITH THE CITY OF ROUND ROCK SUBDIVISION ORDINANCE 3 THERE WILL BE NO OBSTRUCTIONS IN DRAINAGE EASEMENTS 4 LOT 4 15 RESERVED FOR FUTURE R.0 W ACQUISITION. 5 NO DRIVEWAY ACCESS TO LOUIS HENNA BOULEVARD WILL BE LL0NED STARTING AT A POINT 305 EAST OF THE INTERCHANGE BUSINESS PARK SECTION THREE CABINET Al, SUDE 92 LOT I 97435' 15'PUE. LOT 1 17.002 ACRES 5 27' 5 6 ' 1 0 LOT 3 4.963 ACRES LOT 2 15018 Fo r LOT 4 a764 ACRES 418.86' N 'sk O 15000' N18'56'59'W 568.87' - 1 a P.o, „ NEW HEARTS I^ CHRISTIAN CENTER 1 3: VOL. 2025, PG. 502 5.00 ACRES I m L. LL DATE: February 11, 1997 SUBJECT: City Council Meeting, February 13, 1997 ITEM: 18.A. Consider discussion and /or action related to the purchase of right - of -way along Louis Henna Boulevard 02/14/97 13:05 2Y1 512 218 7097 TRANSMISSION OK TX /RX NO. CONNECTION TEL CONNECTION ID START TIME USAGE TIME PAGES RESULT aaaaaaaSSSaSSiiiiatiMiSStii *** ACTIVITY REPORT ass SiiiataaiaisaaSaaaaaaaaSSaa 0251 02/14 13:01 03'46 OK 9 93450982 COMMENT'S: p CITY OF ROUND RK CITY OF ROUND ROCK 221 EAST MAIN STREET ROUND ROCK, TEXAS 78664 TELEPHONE # ;512 -218 -5400 FAX # 512-218-7097 TEI,,EFAXTRANSM(SSIONCOVER PAGE DATE: (9-14- I I TOTAL PAGES IN COVER SHEET: ATTENTION: q DEPARTMENT: ' ^ COMPANY: 4/J a) ;'/� J j ) FAX it: (�`Z FROM: 0001 DEPARTMENT: DEPT. PHONE #: 8- 51-1014 COMPANY: ' City of Round Rock, Texas