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CM-06-05-11411111111111111 Red Bud Sidewalk 11111111111 REAL ESTATE CONTRACT Red Bud Lane State of Texas County of Williamson IIIHHI 111 CONT 11 PGS 2006043532 11 THIS REAL ESTATE CONTRACT ("Contract") is made by and between MANUEL J. AND JANELL G. HEINE, (referred to in this Contract as "Seller", whether one or more) and the CITY OF ROUND ROCK, TEXAS (referred to in this Contract as "Purchaser"), upon the terms and conditions set forth in this Contract. ARTICLE I PURCHASE AND SALE By this Contract, Seller sells and agrees to convey, and Purchaser purchases and agrees to pay for, the tract(s) of land described as follows: 0.153 acre tract of land situated in the Robert McNutt Survey, Abstract No. 422, in Williamson County, Texas, being a portion of Lot 1, Block Two, Greenfields, a subdivision recorded in Cabinet D, Slides 166-167 of the Plat Records of said county and being more fully described by metes and bounds in 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"). This purchase also includes any improvements and fixtures situated on and attached to the Property which are not removed by Seller, for the consideration and upon and subject to the terms, provisions, and conditions set forth below. ARTICLE II PURCHASE PRICE Amount of Purchase Price 2.01. The purchase price for the Property shall be the sum of THIRTY-FOUR THOUSAND FOUR HUNDRED SEVENTY-FIVE and 00/100 Dollars ($34,475.00). Payment of Purchase Price 2.03. The Purchase Price shall be payable in cash at the closing. @PFDesktop\: :ODMA/WORLDOX/0:; wdox/CORK/transprt/redbudside/par4helne/realest/00097673. WPD/sls /J, Red Bud Sidewalk ARTICLE III PURCHASER'S OBLIGATIONS Conditions to Purchaser's Obligations 3.01. 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 maybe waived in whole or in part by Purchaser at or prior to the closing.) Preliminary Title Commitment 3.02. Purchaser, at Purchaser's sole cost and expense, has caused the Title Resources Guaranty Company, Round Rock office ("Title Company") to issue a preliminary title report (the "Title Commitment") accompanied by copies of all recorded documents relating to easements, rights-of- way, etc., affecting the Property. In the event that title to the property is not satisfactory to Purchaser, after notice of such unsatisfactory condition Seller shall provide Purchaser with any assistance reasonably requested as necessary to eliminate or modify such matters. In the event Seller is unable to do so prior to the closing date or by other date as agreed to between the parties, Purchaser may terminate this Contract and it shall thereupon be null and void for all purposes and the Escrow Deposit shall be forthwith returned by the title company to Purchaser, as provided in Article VII. Survey 3.03. Purchaser, at Purchaser's expense, has caused to be delivered a current plat of survey of the Property, prepared by a duly licensed Texas land surveyor. The survey shall be staked on the ground, and the plat shall show the location of all improvements, highways, streets, roads, railroads, rivers, creeks, or other water courses, fences, easements, and rights-of-way on or adjacent to the Property, if any, and shall contain the surveyor's certification that there are no encroachments on the Property and shall set forth the number of total acres comprising the Property, together with a metes and bounds description thereof. If any portion of the survey is unacceptable to Purchaser, then Purchaser shall give Seller notice of this fact. Seller shall provide Purchaser with any assistance reasonably requested as necessary to eliminate or modify such matters. In the event Seller is unable to do so prior to the closing date or by other date as agreed to between the parties, Purchaser may terminate this Contract and the Contract shall thereupon be null and void for all purposes and the Escrow Deposit shall be returned by the title company to Purchaser, as provided in Article VII. 2 Red Bud Sidewalk Miscellaneous Conditions 3.04. 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 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 date, to the best of Seller's knowledge: (1) There are no parties in possession of any portion of the Property as lessees, tenants at sufferance, or trespassers, other than as previously disclosed; (2) Seller has complied with all applicable laws, ordinances, regulations, statutes, rules and restrictions relating to the Property, or any part thereof; The Property herein is being conveyed to Purchaser under threat of condemnation. ARTICLE V CLOSING Closing Date 5.01. The closing shall be held at the office of the Title Company, Round Rock office, on or before April 28, 2006, or at such time, date, and place as Seller and Purchaser may agree upon (which date is herein referred to as the "closing date"). Seller's Obligations at Closing 5.02. At the closing Seller shall: (1) Deliver to Purchaser a duly executed and acknowledged Special Warranty Deed conveying good and marketable title in fee simple to all of the Property, free and clear of any and all liens, encumbrances, conditions, easements, assessments, and restrictions, except for the following: (a) General real estate taxes for the year of closing and subsequent years not yet due and payable; 3 Red Bud Sidewalk (b) Any exceptions approved by Purchaser pursuant to Article III hereof; and (c) Any exceptions approved by Purchaser in writing. (2) Deliver to Purchaser a Texas Owner's Title Policy at Purchaser's sole expense, issued by Austin Title, 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 herein, such other exceptions as may be approved in writing by Purchaser, and the standard printed exceptions contained in the usual form ofTexas Owner' s Title Policy, provided, however: (a) The boundary and survey exceptions shall be deleted; (b) The exception as to restrictive covenants shall be endorsed "None of Record;" and (c) 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." Purchaser's Obligations at Closing 5.03. At the Closing, Purchaser shall pay the cash portion of the purchase price. Prorations 5.04. General real estate taxes for the then current year relating to the Property shall be prorated as of the closing date 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 to the closing date shall be paid by Seller. Agricultural roll -back taxes, if any, shall be paid by Purchaser. Closing Costs 5.05. All costs and expenses of closing in consummating the sale and purchase of the Property shall be borne and paid as follows: (1) Owner's Title Policy and survey to be paid by Purchaser. (2) Deed, tax certificates, and title curative matters, if any, paid by Purchaser. (3) All other closing costs shall be paid by Purchaser. 4 Red Bud Sidewalk (4) Attorney's fees paid by each respectively. ARTICLE VI ESCROW DEPOSIT For the purpose of securing the performance of Purchaser under the terms and provisions of this Contract, Purchaser has delivered to Title Company the sum of Five Hundred Dollars ($500.00), 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 VII 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, Purchaser may: (1) enforce specific performance of this Contract; or (2) request that the Escrow Deposit shall be forthwith returned by the title company to Purchaser. ARTICLE VIII 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 its total damages and relief and as Seller's sole remedy hereunder in such event. ARTICLE IX MISCELLANEOUS Notice 9.01. 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. 5 Red Bud Sidewalk Texas Law to Apply 9.02. 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. Parties Bound 9.03. 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. Legal Construction 9.04. 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. Prior Agreements Superseded 9.05. 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. Time of Essence 9.06. Time is of the essence in this Contract. Gender 9.07. 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. Memorandum of Contract 9.08. Upon request of either party, both parties shall promptly execute a memorandum of this Contract suitable for filing of record. 6 Red Bud Sidewalk Compliance 9.09 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. Effective Date 9.10 This Contract shall be effective as of the date it is approved by the City of Round Rock, which date is indicated beneath the City's signature below. Possession and Use Agreement 9.11 By signing this Contract, Seller agrees to allow Purchaser to use and possess the Property for the purpose of constructing and/or improving a public road and related facilities, upon full execution of this contract, provided, however, that Seller shall be allowed no less than one hundred (100) days from the date of full execution of this contract to relocate the septic system/drain field facilities located on the Property before removal or destruction of those existing facilities by Purchaser. SELLER: Manuel J. Heine G�N% ii, fI nell G. Heine 1 Evergreen Drive Round Rock, Texas 78664 Date:5-11 - 010 PURCHASER: CITY OF ROUND ROCK By: J i es Nuse, P.E., City Manager 221 AIN STREET ROUND ROCK, TEXAS 78664 Date: 5-I q -Q(o 7 Red Bud Sidewalk Acknowledgments State of Texas County of Williamson This instrument was acknowledged before me on this the '7 day of MC& , 2006 by Manuel J. Heine and Janell G. Heine, for the purposes and consideration stated h ein. State of Texas County of Williamson 11/ Staf exas This instrument was acknowledged before me on this the 2day of I` , 2006 by James Nuse, City Manager, on behalf of the City of Round Rock, Texas. /•:::.1!;%;';,,,MICHAEL MASON WEAVER Notary Public, State of Texas ° My Commission Expires S:;4;,; ..... Jonuary 31, 2010 1 No .ry Public, Stat of Texas 8 Lot 1, Block Two Greenfields 0.153 Acre Tract Page 1 of 3 DESCRIPTION FOR A 0.153 ACRE (6,644 SQUARE FOOT) TRACT OF LAND SITUATED IN THE ROBERT MCNUTT SURVEY, ABSTRACT NO. 422 IN WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF LOT 1, BLOCK TWO, GREENFIELDS, A SUBDIVISION RECORDED IN CABINET D, SLIDES 166 - 167 OF THE PLAT RECORDS OF SAID COUNTY, AS SHOWN ON THE ACCOMPANYING SKETCH, IS MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING at a '/" iron rod previously found for the southwest comer of said Lot 1, being on the east right-of-way line of County Road 122 (right-of-way width varies), for the southwest comer and POINT OF BEGINNING hereof; THENCE with the west line of said Lot 1, same being the east right-of-way line of said County Road 122, the following two (2) courses and distances: 1) N 03° 46' 53" E for a distance of 205.43 feet to a calculated angle point hereof, and 2) N 03° 52' 18" E for a distance of 22.57 feet to a'/2" iron rod found for a point of curvature hereof; THENCE with the curving intersection of the east right-of-way line of said County Road 122 and the south right-of-way line of Evergreen Drive (50 foot right-of-way width), with the arc of a curve to the right, having a radius of 19.54 feet, an arc length of 29.49 feet, a central angle of 84° 01' 05", and a chord which bears, N 49° 11' 01" E for a distance of 26.77 feet to a 1/2" iron rod found for a point of tangency hereof; THENCE with the north line of said Lot 1, same being the south right-of-way line of said Evergreen Drive, S 84° 48' 20" E for a distance of 27.67 feet to a 'h" iron rod set with "Baker- Aicklen" cap for the northeast comer hereof, from which a 1/2" iron rod found for the northeast corner of said Lot 1 bears, S 84° 48' 20" E for a distance of 129.37 feet; THENCE through the interior of said Lot 1, the following two (2) courses and distances: xh "A" Lot ',Block Two Greenfields 0.153 Acre Tract Page 2 of 3 1) with the arc of a curve to the left, having a radius of 20.00 feet, an arc length of 32.03 feet, a central angle of 91° 45' 07", and a chord which bears, S 49° 19' 42" W for a distance of 28.71 feet to a 'h" iron rod set with "Baker-Aicklen" cap for a point of tangency hereof, and 2) S 03° 27' 22" W for a distance of 226.67 feet to a 1/2" iron rod set with "Baker-Aicklen" cap on the south line of said Lot 1, same being the north line of Lot 1, Block A, Oak Bluff Estates, a subdivision recorded in Cabinet F, Slides 125 - 127 of the Plat Records of said county, for the southeast corner hereof, from which a '/2" iron rod found for the southeast corner of said Lot 1, Block Two, Greenfields Subdivision bears, S 84° 50' 50" E for a distance of 141.73 feet; THENCE with the south line of said Lot 1, Block Two, Greenfield Subdivision, same being in part with the north line of said Lot 1, Block A, Oak Bluff Estates, N 84° 50' 50" W pass a 'h" iron rod found for the northwest corner of said Lot 1, Block A, Oak Bluff Estates at a distance of 1756 feet, continuing for a total distance of 27.56 feet to the POINT OF BEGINNING and containing 0.153 acres of land. Basis of bearings is the County Road 122 Project between U. S. Highway No_ 79 and Forest Creek Drive, performed by Baker-Aicklen, April, 2000. Surveyed under the direct supervision of the undersigned during September, 2005: Margaret A. Nolen Registered Professional Land Surveyor No. 5589 BAKER-AICKLEN & ASSOCIATES, INC. 405 Brushy Creek Road Cedar Park, Texas 78613 (512) 244-9620 r\ • Job No.: 0601-2-058-80 Filename: W:\PROJECTS\CORK\CR122\CR122-Receni\ROW TAKE\METES AND BOUNDS\CR 122 LOT 1 BLOCK 2 GREENFIELDS.DOC 1 SKETCH TO ACCOMPANY DESCRIPTION EVERGREEN DRIVE Y, (50' R.O.W. WIDTH) SS88°18'25"4E 15706' L2 48 20 E 15704' 08ER r NJcJNLrr S UFS A.8S r 422 N0. BEARING MIST. L! N 03°52'18" E 22.57' Cl (N 00°22'15" E) (22.5') L.2 S 84°48'20" E 27.67' L3 N 84°50'50" W 27.56' L.4 N 84°50'50" W 17.56' C rzl o 0 O U POINT OF BEGINNING SCALE: 1" = 50' WILLLAMSON COUNTY, TEXAS LEGEND • 1/2" IRON ROD FOUND O 1/2" IRON ROD SET WITH "BAKER-AICKLEN" CAP p re, • L4'• S84°50'50" E 141.73' --� (5 88°1184°50'50" " E 170.0099' LOT 1, BLOCK A OAK BLUFF ESTATES CAB. F, SLIDES 125-127 (0 N .41 N N !\ N 7c) O S 84°48'20" E /29.37' LOT 1, BLOCK TWO GREENFIELDS CAB. D, SLIDES 166-167 SUBJECT TRACT 0.153 ACRE (6,644 SQ. FT.) 1 1 I I I 1 1 t 1 1 1 NO. RADIUS ARC CEN. ANGLE CH. BRG. CHORD Cl 19.54' 29.49' 84°01'05" N 49°11'01" E 26.77' _ (19.54') (31.14') (9/°!8'20") (27.90') C2 20.00' 32.03' 91°45'07" S 49°19'42" W 28.71' O 1/2" IRON ROD PREVIOUSLY FOUND A CALCULATED POINT RECORD BEARING AND DISTANCE PER CAB. F, SLIDES 166-167 DATE: SEPT.. 2005 JOB NO.: 0601-2-106-20 BY: M. NOLEN PAGE 3 OF 3 BAKER-AICKLEN Si ASS0CLt8. INC. ENGINEERS/SURVEYORS W:\PROJECTS\CORR\CR122\CR122-R.e.nt\ROW TAKE\DW6\CR 122 LOT !BLOCK 2 GREENFIELDS.drp (PAGE 3] SepMmb,r 29. 2005 - 3:46pm CITY MANAGER BLUE SHEET DATE: May 17, 2006 SUBJECT: City Manager Approval - May 19, 2006 ITEM: Authorization for the Mayor to execute a Real Estate Contract for the purchase of 0.153 acres of ROW from Manuel J. and Janeli G. Heine for the Red Bud Lane Sidewalk (CR 122) Project. Department: Legal Staff Person: Steve Sheets/Don Childs Justification: Purchase of Right -of -Way from Manuel and Janeli Heine for the Red Bud Lane Sidewalk Project. Funding: Cost: $34,475.00 Source of funds: 2001 GO Bonds -2nd Issue Background Information: Updated 3-10-05 Heine Acquisition Summary Property: 0.153 acre fee acquisition out of a 1.067 acre tract of land located at 1 Evergreen Drive; southeast corner of Red Bud Lane and Evergreen Drive. Appraisal: Dated October 10, 2005. Market value of fee acquisition: $ 5,687 Market value of improvements w/in acquisition* 10,682 Cost to cure** 8,762 TOTAL $25,131 * Value of Improvements Subdivision sign $ 1,400 Fencing 162 Concrete garden border/dog pen 240 Trees and shrubbery 8,880 Total $10,682 ** Cost to cure 295' of perimeter and dog pen fence $ 1,962 Reinstall septic system 6.800 Total $ 8,762 Landowners' Counter-offer: Market value of fee acquisition: $ 6,644 Market value of improvements w/in acquisition* 12,780 Cost to cure** 19.819 TOTAL $39,243 *Value of Improvements Subdivision sign $ 1,400 2 trees removed for septic system 2,500 Trees and shrubbery 8,880 Total $12,780 **Cost to Cure Move garden and dog run $ 4,710 Remove 2 large trees 1,800 Replace septic system 8,545 344' of perimeter and dog pen fence 2,064 Grass and seeding of yard 2,500 Finding water line and plug 200 Total $19,819 City's Reevaluation: I asked our appraiser to consider the landowners' input and to update his appraisal. On Feb. 2, 2006 the appraiser said that he could justify an increase in the total recommended compensation from the original amount of $25,131 to $29,905. The increase of $4,774 is based on the following: Slight increase of market value of fee acquisition $ 234 Grass and seeding septic drain field 2,500 Relocating dog run 1,840 Plugging water line 200 Total $ 4,774 Original appraisal from 10/10/05 $25,131 Increase due to reevaluation 4.774 Revised Total $29,905 Landowner's response: Landowner offered to "split the difference" and settle for a total of $34,475. Landowner's offer is a little more than 15% above the revised appraisal of $29,905.