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CM-08-07-184DATE: July 1, 2008 SUBJECT: City Manager Approval —July 11, 2008 ITEM: Consider execution of real estate contract with Freeman Hill Country, L.P. for the purchase of right of way necessary for the North Mays expansion project (parcel 4). Department: Staff Person: Justification: legal Don Childs/Steve Sheets The appraised value for this acquisition was $24,680. The landowner submitted a counteroffer for an additional $3000 because 2 parking spaces are being lost due to the acquisition, and they felt this would have a negative impact on the remaining business. The proposed contract price is $27,680. Funding: Cost: Source of funds: $27,680.00 Outside Resources: N/A Background Information: The appraised value for this acquisition was $24,680. The landowner submitted a counteroffer for an additional $3000 because 2 parking spaces are being lost due to the acquisition, and they felt this would have a negative impact on the remaining business. The proposed contract price is $27,680. Public Comment: N/A UPDATED APRIL 2008 N. Mays—parcel 4 REAL ESTATE CONTRACT North Mays Improvement Project State of Texas County of Williamson r.) -26-03P01 :39 RCVD THIS REAL ESTATE CONTRACT ("Contract") is made by and between A-1 FREEMAN HILL COUNTRY, L.P., (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 ("Property"): Fee simple interest in 0.049 acre tract of land, more or less, situated in the David Curry Survey, Abstract No. 130, in Williamson County, Texas; being more fully described by metes and bounds or shown in Exhibit "A", attached hereto and incorporated herein (Parcel 4). 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 AND ADDITIONAL COMPENSATION Amount of Purchase Price 2.01. The purchase price for the Property shall be the sum of TEN THOUSAND ONE HUNDRED TWENTY TWO and 00/100 Dollars ($10,122.00). 2.01.1. As additional compensation for any improvements on the Property, and for any damages to the remaining property of Seller, Purchaser shall pay the amount of SEVENTEEN THOUSAND FIVE HUNDRED FIFTY EIGHT AND 00/100 Dollars ($17,558.00) Payment of Purchase Price and Additional Compensation 2.03. The Purchase Price and Additional Compensation shall be payable in cash at the closing. O:\wdox\CORK\gal\NMAYSTARCEL CCONTRAC1100140615.DOC cm -0(8 - (b4 Kiphen Rd—parcel 6 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 may be 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 Texas American Title Company, ("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. 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. 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; 2 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 Title Company on or before July 14, 2008, or at such time, date, and place as Seller and Purchaser may agree upon, or within 10 days after the completion of any title curative matters if necessary for items as shown on the Title Commitment (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 arranty Deed conveying good and marketable title to all of the Property as shown in Exhibit "A", free and clear of any and all liens and encumbrances, except for the following: (a) General real estate taxes for the year of closing and subsequent years not yet due and payable; WOO (b) Any exceptions approved by Purchaser pursuant to Article III hereof; and (c) Any exceptions approved by Purchaser in writing. (2) If requested, deliver to Purchaser a Texas Owner's Title PolicyatPurchaser's sole expense, issued by Title Company, in Purchaser's favor in the full amount of the purchase price, insuring Purchaser's drainageeasementinterest to the Property subject only to those tits exceptions listed herein, such other exceptions juay be approved in writing bxPurchaser, and the standard printed exceptions contained in the usual form of Texas 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." (3) Deliver to Purchaser possession of the Property if not previously done. 3 Purchaser's Obligations at Closing 5.03. At the Closing, Purchaser shall pay the cash portion of the purchase price. Prorations 5.04. If required, 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) 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 herein. 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, 4 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. 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. 5 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. 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. Possession and Use Agreement 9.10 Seller agrees to allow Purchaser to use and possess the Property for the purpose of relocating utilities and constructing or improving a public road and related facilities, upon full execution of this contract. Purchaser agrees to execute a separate Possession and Use Agreement document suitable for recording if requested by Purchaser. Effective Date 9.11 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. [signature page follows] 6 SELLER: A-1 FREEMAN gqHIL�LCOUNTRY, L.P. By: W cAlue t44.-- Its: muw ct�p¢� Date: , f. ze PURCHASER: CITY OF ROUND ROCK By: mes Nuse, P.E. ty Manager 221 E. MAIN STREET ROUND ROCK, TEXAS 78664 Date: 1-11-M 7 Address: NS/7 PROJECT: NORTH. MAYS STREET PARCEL: 4 COUNTY: WILLIAMSON OWNER: CITY OF ROUND ROCK EXHIBIT PROPERTY DESCRIPTION Page 1 of 4 DESCRIPTION OF A 0.045 ACRE (1,960 SQUARE FOOT), TRACT OF LAND SITUATED IN THE DAVID CURRY SURVEY, ABSTRACT NO. 130, IN WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF LOT 1B, BLOCK "B", TRK ADDITION, (A REPLAT OF LOT 2, BLOCK B OF "REPLAT OF LOT 2, BLOCK "B", CRYSTAL PARK) ACCORDING TO THE PLAT THEREOF RECORDED IN CABINET P, SLIDES 144-145 OF THE PLAT RECORDS OF WILLIAMSON COUNTY, TEXAS, AND BEING A PORTION OF THAT SAME TRACT OF LAND CONVEYED TO A-1 FREEMAN HILL COUNTRY, L.P., BY INSTRUMENT RECORDED IN DOCUMENT NO. 9810021 OF THE OFFICIAL RECORDS OF WILLIAMSON COUNTY, TEXAS, SAID 0.045 ACRE (1,960 SQUARE FOOT) TRACT OF LAND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING FOR REFERENCE at a found 1/2" iron rod with plastic cap in the southerly boundary line of Lot 3, Block "A", Replat of Amanda Subdivision Lot 2 & 3, Block "A", a subdivision recorded in Cabinet K, Slides 29-30 of the Plat Records of Williamson County, Texas, 563.20 feet left of proposed North Mays Street baseline station 101+62.31, being the northeasterly corner of said Lot 1B and the northwesterly corner of Lot 2B, Block "B", of said TRK Addition (A Replat of Lot 2 Block B of "Replat of Lot 2 Block "B" Crystal Park); *See Surveyor's Memo To File at the closing of this description. THENCE, with the common boundary line of said Lot 18 and said Lot 3, S 69°59'00" W, passing at a distance of 518.19 feet, a set 1/2" iron rod with aluminum cap stamped C.O.R.R. at an exterior ell comer in the proposed easterly right-of-way line of North Mays Street, 45.00 feet left of proposed North Mays Street baseline station 101+60.23, and continuing for a total distance of 521.19 feet to a set 1/2" iron rod with aluminum cap stamped C.O.R.R. at an interior ell corner in the proposed easterly right-of-way line of North Mays Street, 42.00 feet left of proposed North May Street baseline station 101+60.23, being the northeasterly corner and POINT OF BEGINNING of the herein described tract; THENCE, departing said common boundary line, through the interior of said Lot 1B, with the proposed easterly right-of-way line of North Mays Street, the following three courses: 1) S 20°14'45" E for a distance of 57.15 feet to a set 1/2" iron rod with aluminum cap stamped C.O.R.R. at an interior ell corner in said proposed easterly right-of-way line of North Mays Street, 42.00 feet left of proposed North Mays Street baseline P.C. station 102+17.37; 2) N 69°56'43" E for a distance of 3.00 feet to a set 1/2" iron rod with aluminum cap stamped C.O.R.R. at the beginning of a curve to the right, 45.00 feet left of proposed North Mays Street baseline P.C. station 102+17.37; PROJECT: NORTH MAYS STREET PARCEL: 4 COUNTY: WILLIAMSON OWNER: CITY OF ROUND ROCK Page 2 of 4 3) Along said curve to the right, having a delta angle of 13°58'58", a radius of 515.00 feet, an arc length of 125.68 feet, and a chord which bears S 13°15'13" E for a distance of 125.37 feet to a set 112" iron rod with aluminum cap stamped C.O.R.R., in the westerly boundary line of said Lot 1 B, same being the existing easterly right-of-way line of Tellabs Drive (60 foot right-of-way width), as dedicated by instrument recorded in Volume 1898, Page 844 of the Official Records of Williamson County, Texas, 45.00 feet left of proposed North Mays Street baseline station 103+32.08, being the most southerly comer of the herein described tract; 4) THENCE, departing said proposed easterly right-of-way line of North Mays Street, with the westerly boundary line of said Lot 1B and said existing easterly right-of-way line of Tellabs Drive, N 20°12'23" W for a distance of 181.65 feet to a found iron rod, being the northwesterly comer of said Lot 1B and the southwesterly comer of said Lot 3, and being the northwesterly corner of the herein described tract; 5) THENCE, departing said existing easterly right-of-way line of Tellabs Drive, with the common boundary line of said Lot 16 and said Lot 3, N 69°59'00" E for a distance of 12.14 feet to the POINT OF BEGINNING, containing 0.045 acres (1,960 square feet) of land, more or Tess. Surveyor's Memo To File: Please note that the record north line of the TRK Addition as monumented on the ground is not coincident with the monumented south line of the Replat of Amanda Subdivision. This Surveyor recognizes the monumented north line of the TRK Addition as the record south line of the Replat of Amanda Subdivision and, as such, is reflected thereon in ensuing Metes and Bounds descriptions. All bearings recited herein are based on the Texas State Plane Coordinate System, Central Zone No. 4203, NAD 83. This property description is accompanied by a separate plat. That I, M. Stephen Truesdale, a Registered Professional Land Surveyor, do hereby certify that the above description is true and correct to the best of my knowledge and belief and that the property described herein was determined by a survey made on the ground under my direction and supervision. WITNESS MY HAND AND SEAL at Round Rock, Williamson County, Texas. z„ M. St hen - sdale Registered Professional Land Surveyor No. 4933 Licensed State Land Surveyor Inland Geodetics, L.P. 1504 Chisholm Trail Road Suite 103 Round Rock, TX 78681 512-238-1200 Lr� a -he /il;) } PLATTED ADDITION E OF (A'pEPLAT OF LOT 2, BLOCK REPLATRROF LOLLT� 2, BLOCK ''�B".OF CRYSTALPARK)IN CAB. P. SLD. 144-145 P.R.W.C.T. PLATTED SOUTH LINE OF REPLAT OF AMANDA SUBDIVISION LOT 2RECORDELOD INK "A"' CAB. K. SLO. 29-30 P.R.W.C.T. / /REPL A T OF AMANDA SUBDIVISION- •--`- LOT2&38.L-OCK CAB. X. -SLD. 29-30 LOT 3 BLePJCK "A" (27.0374 A.e) . yg333� W N E S 0 25 50 SCALE 1" = 50' i;)- STORM SEWER Fh DrA1NAGE EASEMENT CAe. i� SLD. 146-14 CA 0, DLD. 48-4 CAB. P. SLD. 144-i45 P.R.W.C.T. u� ?/ SEE r y DETAIL •N o O -o O N 13 b 1 6 P.O.B -" P RC`CL 4 TA. 101+60,23''- CAB. 1.SLO. E 6-179 1 CAB. 0, SLD 4B-49 CAB P. SLD, 144-145 P.R.W.C.T STA. 1p2+17.37 i t 45.00 LT EA5gIttha FOR EQUIPMENT 4� wi.. .._.._.. S t Ai!0N TO S.W.tt.T. CO. O '� VOL. 1918,' PG. 368 5 -A. 102+17.37 42.00' LT .-i ARCEL 4 STA. IO,,I+ z.31 5§.3 f0 LT LOT 2B (1.750 AC.) \BLOCK "B" 30" TEXAS P" -'P Si LIGHT CO E''MENT VOL.1637, G. 9 6 O.R. W.C. T. 0.045 AC. A -I FREEMAN HILL 1,960 SQ. FT. COUNTRY, L.P. DOC. NO. 9810021 O.R.W.C.T. LOT IB (5.330 AC.) STA. 103+32.08 45.00' LT 10' P.U.E CAB. O. SLD 8-49 �.AE P. SLD 1444 -145 C.T. ` TRK ADDITION l (A REPLAT OF LOT 2 BLOCK B OF "REPLAT OF LOT 2 BLOCK "B" CRYSTAL PARK) CAB. P, SLO. 144-145 P.R.W.C.T. D A VID . C URR Y S URVIv Y\ ABSTRACT NO. 130 PAGE 3 OF 4 I1PROFESSIONAL LAND SURVEYORS 504 CHISHOLM TRAIT. RD. STE. 103 ROUND ROCK, 1X. 78681 PH. (S12) 238-1200, FAX (S12) 238-1251 INLAND GEODETICS RIGHT OF WAY SKETCH PARCEL 4 LEGEND • I/2' IRON ROD FOUND O 1/2 " IRON ROD SET W/ ALUMINUM CAP STAMPED CORR ❑Q TXDOT TYPE 1 1 CONCRETE MONUMENT W/ BRASS DISK FOUND D IRON ROD W/PLASTIC CAP FOUND O CALCULATED POINT E PROPERTY LINE ( ) RECORD INFORMATION P.O.R. POINT OF REFERENCE P.O.B. POINT OF BEGINNING O.P.R.W.C.T. OFFICIAL PUBLIC RECORDS WILLIAMSON COUNTY. TEXAS O.R.W.C.T. OFFICIAL RECORDS WILLIAMSON COUNTY. TEXAS P.R.W.C.T. PLAT RECORDS WILLIAMSON COUNTY. TEXAS r 0 AACA IDI.60.23 .00' LTELL 4 DETAIL "A" DETAIL "B" NUMBER DELTA ANGLE RADIUS ARC LENGTH CHORD LENGTH CHORD DIRECTION CI 13°58'58" 515.00' 125.68' 125.37' S 13°15'13" E NO. BEARING DISTANCE LI S 20°14'45" E 57.15' L2 N 69°56'43" E 3.00' L3 N 69°59'00" E 12.14' L4 N 69°59'00" E 3.00' NOTES: ALL BEARINGS ARE BASED ON GRID BEARINGS. DISTANCES ARE SURFACE DISTANCES. COORDINATES ARE SURFACE VALUES BASED ON THE TEXAS STATE PLANE COORDINATE SYSTEM. NAD 83. CENTRAL ZONE. USING A COMBINED SURFACE ADJUSTMENT FACTOR OF 1.00012. THIS SURVEY WAS PERFORMED WITHOUT THE BENEFIT OF A TITLE REPORT. THERE MAY BE EASEMENTS OR OTHER INSTRUMENTS PERTAINING TO THIS PROPERTY THAT ARE NOT SHOWN HEREON. I HEREBY CERTIFY THAT THIS SURVEY WAS MADE ON THE GROUND UNDER MY DIRECTION AND SUPERVISION AND THAT THIS PLAT IS TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE AND BELIEF. M. S'TEPHE ' TRUESDAC.E REGISTERED PROFESSIONAL LAND SURVEYOR NO. 4933 LICENSED STATE LAND SURVEYOR I1PROFESSIONAL LAND SURVEYORS 504 CHISHOLM TRAIL RD. STE. 103 ROUND ROCK, 1X. 78681 PH. (512) 238-1200. FAX (512)238-1251 INLAND (4_11 GEODETICS RIGHT OF WAY SKETCH PARCEL 4 PAGE 4 OF 4 J