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R-03-12-18-8B1 - 12/18/2003RESOLUTION NO. R -03-12-18-8B1 WHEREAS, the City desires to purchase a 0.015 acre tract of land for additional right-of-way for the Downtown Streets Improvements Project, and WHEREAS, Mildred Kinnard, the owner of the property, has agreed to sell said property to the City, 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 Mildred Kinnard, for the purchase of the above described property, a copy of said Real Estate Contract being attached hereto as Exhibit "A" and incorporated herein for all purposes. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. RESOLVED this 18th day of December, 2003. L WELL, Maw Ci of Round Rock, Texas AT S T : . le. CHRISTINE R. MARTINEZ, City Sec etary @PFDE5kt0p\::ODr4P/WO.RLDOX/0:/WDOh/RESoL;crri/R31218Bi.WPD/SC REAL ESTATE CONTRACT State of Texas County of Williamson THIS REAL ESTATE CONTRACT ("Contract") is made by and between MILDRED KINNARD, (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: .015 acre, more or less, situated in the Wiley Harris Survey, Abstract No. 298, in Williamson County, Texas, being a portion of a remnant portion of Lot 1, Block 2 of the Starkfield Addition, a subdivision according tot he plat recorded in Cabinet A, Slide 203 of the plat records of Williamson County, Texas, 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, with the exception of the chain link fence located on the property which the Seller may remove and/or relocate prior to construction, 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 SEVEN THOUSAND SEVEN HUNDRED SIXTY FOUR and no/100 Dollars ($7,764.00). Payment of Purchase Price 2.02. The Purchase Price shall be payable in cash at the closing. QPFDeskt0P\::0DMA/W0RLD0X/0:/WDOX/CORR/TRANSPRT/DWNTwusTRTS/KI"/RRALEST/00059069.WPD/Sls EXHIBIT a y "An Special Provisions 2.03 As an obligation which shall survive the closing of this sale, Purchaser agrees that it will reconstruct the driveway approach of Seller as a part of the overall improvements to the adjacent roadway/sidewalk facilities, to a condition substantially similar to that which existed prior to this sale. Purchaser shall additionally provide any grading or sloping on the remaining property as necessary to protect the stability and integrity of the adjoining roadway/sidewalk facilities and to facilitate proper drainage pursuant to standard engineering practices and guidelines. This shall take place as part of the adjoining construction project on a one time basis. 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. Within twenty (20) days after the date hereof, Seller, at Purchaser's sole cost and expense, shall have caused the Austin 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, Seller shall promptly undertake to eliminate or modify all unacceptable matters to the reasonable satisfaction of Purchaser, or 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 within thirty (30) days after receipt of notice, 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. Purchaser's failure to give Seller this notice shall not be deemed to be Purchaser's acceptance of the Title Commitment. Survey 3.03. Within ten (10) days from the date hereof, Purchaser, at Purchaser's sole cost and expense, shall cause to be delivered a E 0 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 written notice of this fact. Seller shall promptly undertake to eliminate or modify all the unacceptable portions to the reasonable satisfaction of Purchaser. In the event Seller is unable to do so within ten (10 ) days of ter receipt of written notice, 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. Purchaser's failure to give Seller this written notice shall not be deemed to be Purchaser's acceptance of the survey. 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; (2) Seller has complied with all applicable laws, ordinances, regulations, statutes, rules and restrictions relating to the Property, or any part thereof; (3) The Property herein is being conveyed to Purchaser under threat of condemnation. ARTICLE V CLOSING 3 Closing Date 5.01. The closing shall be held at the office of Austin Title, Round Rock office, on or before December 31, 2003, 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 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; (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 Purchasers 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 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." (d) Deliver to Purchaser possession of the Property. 4 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) 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 Austin Title 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. 5 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. Texas Law to Applv 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. P 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. 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 Round Rock City Council, which date is indicated beneath the Mayor's signature below. 7 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. SELLER: PURCHASER: CITY OF ROUND ROCK By: Nyle Maxwell, Mayor 221 E. MAIN STREET ROUND ROCK, TEXAS 78664 Date: M. I of 3 Kinnard (Parcel 7) 0.015 Acre Tract DESCRIPTION City of Round Rock Williamson County, Texas FOR A 0.015 -ACRE (641 SQUARE FOOT) TRACT OF LAND SITUATED IN THE WILEY HARRIS SURVEY, ABSTRACT NO. 298, IN WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF A REMNANT PORTION OF LOT 1, BLOCK 2 OF THE STARKFIELD ADDITION, A SUBDIVISION ACCORDING TO THE PLAT OF RECORD IN CABINET A, SLIDE 203 OF THE PLAT RECORDS OF WILLIAMSON COUNTY, TEXAS, SAID REMNANT PORTION OF LOT 1, BLOCK 2 BEING VESTED IN MILDRED KINNARD, BY DURABLE POWER OF ATTORNEY RECORDED IN VOLUME 2238, PAGE 542 OF THE OFFICIAL PUBLIC RECORDS OF SAID COUNTY, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING at a %2" iron rod with plastic cap set at a point in the south right-of-way line of Pecan Street (a called 40 foot wide right-of-way), said point being at the northeast comer of Lot 1 of the "Replat of a Portion of Block 2 Starkfield Addition" a subdivision according to the plat of record in Cabinet L, Slides 59-60 of the Plat Records of said County, same being the northwest corner of said remnant portion of Lot 1, Block 2, for the northwest comer and POINT OF BEGINNING hereof, from which a %2" iron rod found at the northwest corner of said Lot 1 "Replat of a Portion of Block 2 Starkfield Addition", bears S 88°42'36" W a distance of 111.85 feet; THENCE with the south right-of-way line of said Pecan Street, same being the north boundary line of said Lot 1, N 88°42'36" E for a distance of 114.97 feet to a %2" iron rod with plastic cap set at the northeast comer of said remnant portion of Lot 1, Block 2 of the Starkfield Addition, same being at the intersection of the south right-of-way line of said Pecan Street with the west right-of-way line of Circle Avenue, for the northeast corner hereof; THENCE departing the south right-of-way line of said Pecan Street with the east boundary line of said remnant portion of Lot 1, Block 2 of the Starkfield Addition, same being the west right-of-way line of Circle Avenue, S 12°08144" W for a distance of 4.90 feet to a %2" iron rod with plastic cap set for the southeast corner hereof, from which a %2" iron rod found at the southeast comer of said remnant portion of Lot 1, Block 2 of the Starkfield Addition, bears S 12°08'44" W a distance of 111.48 feet; THENCE departing the east boundary line of said remnant portion of Lot 1, Block 2 of the "Starkfield Addition to the City of Round Rock", through the interior of said remnant portion of Lot 1, Block 2 of the Starkfield Addition, S 87°51'17" W for a distance of 113.62 feet to a %2" iron rod with plastic cap set at a point in the east boundary line of said Lot 1, same being the west boundary line of said remnant portion of Lot 1, Block 2 of the Starkfield Addition, for the southwest corner hereof; EXHIBIT 1 11 2of3 Kinnard (Parcel 7) 0.015 Acre Tract City of Round Rock Williamson County, Texas THENCE with the east boundary line of said Lot 1, same being the west boundary line of said remnant portion of Lot 1, Block 2 of the Starkfield Addition, N 03°12'15" W for a distance of 6.46 feet to the POINT OF BEGINNING hereof and containing 0.015 acres of land. Bearings are Grid Bearings based on City of Round Rock, Texas Control Points and GPS survey performed November 2002. Based on an on -the -ground survey made under my direct supervision and shown on accompanying survey drawing. R. David Stratton ated Registered Professional Land Surveyor No. 4312 BAKER-AICKLEN & ASSOCIATES, INC. 203 E. Main Street, Suite 201 F Round Rock, Texas 78664 �a.�- o ass` p .epS.......Ur.fp6UOps.,.ap Job #0601-2-085-24 .ce o H. DAVID ti TiEF Iv •'3p0pa090lGpUGeppBUJCOJopefoDpOM WAPROJECTMCOMDOWNTOWN STREEMROWWETES AND BOUNDSTARCEL07.doc 4312 SKETCH TO ACCOMPANY DESCRIPTION POINT OF 3EGINNING GRAVEL DRIVE 1 2" IRF N 88'42'36" E 111.85 o P'N 512'15" 1 6.46' ® ROCK T 30" PECAN PLANTER 16047 REMNANT PORTION OF BLOCK 4, STARKFIELD ADDITION CAB. A. SL. 203 SAVE AND EXCEPT A CALLED 0.103 ACRE TRACT DESCRIBED IN DOCUMENT NO. 9724998 O.P.R.W.C., TX 1r442" E t _3.13' i b ` b /1PECAN STREET (R.O.W. VAR=) yV 4 `r k PARCEL 7 �? 0.015 ACFM ARY OF USQIG it ®via -'1+w "I SQ. !1: URBAN p)IpOyT OF 1• D.C. O P R 1f C, JMDJM XNARD (BY POWER OF AT1b 2238. PG. 542 LOT I REPLAT OF A PORTION OF °D BLOCS 2 STARRF7ELD ADDITION I N CABINET L. SLmE 58-80 m � I y 1 85.86' � A LEGEND ASPH. DRIVE 4.97' 3.62" S 12'08.44"4 • IRON ROD FOUND Bearings are Grid Bearings based on O IRON PIPE FOUND City of Round Rock, Texas Control 0 IRON ROD W/ CAP SET Points and GPS survey performed Q CALCULATED POINT November 2002. 7 RAILROAD TIES " 1,r IRF SCALE 1" = 30' MARKER) C b DATE: JULY 8, 2003 JOB NO.: 0601-2-085-24 BY: PJG PAGE 3 OF 3 RET. 12" CMP FL=706.05 ❑BAKER-AICKLEN a a88oclj4IXrE8, INC. ENGINEERS/SURVEYORS WAPROJECTS\CORK\DOWNTOWN STREETS\DWG\ROW\RR STREETS ADOL ROW 2 7 9 80 N.dwy (PARCEL 71 September 10. 2003 - 2:26pm �z SKETCH TO ACCOMPANY DESCRIPTION REMNANT PORTION OF BLOCK 4, STARKFIELD ADDITION CAB. A. SL. 203 SAVE AND EXCEPT A CALLED 0.103 ACRE TRACT DESCRIBED IN DOCUMENT NO. 9724998 O.P.R.W.C., TX POINT OF BEGINNING GRAVEL N 17-44.2" E y DRIVE 1 2" IRIF .13' TIRFN 88'42'36" E 111.85 • e vN 3'12'15" ✓ a 6 1,'ECAN STREET E 11 I 5 es/ 01 1 IF n ® ROCK / \g \g 30" PECAN PLAN4ER� 0v \ 16047 PAROL 7' N 0.015 ACRBS ARY OF w 6S1 �•URBANDOF 1I N 1^ N?.002094! O P R W..C.. Tx N MUMCD MUM �j(BY D LS POWER OF ATTO at I a L 2238. PG. 542 O.R.W.C.. TX LOT I RSPLAT OF A PORTION OF N BLOCK 2 STARSFIM ADDMON o CABMT L. MME 59-80 rn rq o� �J —3414- 85-86-- LEGEND 4-85.86-- LEGEND SCALE I" = 30' MARKER) ASPH. IRON ROD FOUND DRIVE DATE: JULY 8, 2003 S 1708'44 w BUSHE " O 6" PECAN City of Round Rock, Texas Control 20009 O 7" PECAN Points and GPS survey performed " 0008 — RAILROAD TIES 1/2- NRF • IRON ROD FOUND DATE: JULY 8, 2003 Bearings are Grid Bearings based on JOB NO.: 0601-2-085-24 O IRON PIPE FOUND City of Round Rock, Texas Control BY: PJG O IRON ROD W/ CAP SET Points and GPS survey performed PAGE 3 OF 3 November 2002. CALCULATED POINT WAPROJECTS\CORR\DOWNTOWN S RET. 12" CMP FL=706.05 �❑alvc KLEN ABSOCtAI0CLATETES, INC. ENGINEERS/SURVEYORS W\RR STREETS ADDL ROW 2 7 9 10 8.dry (PARCEL 71 Stutemb"r lo_ 2oo3 - P -Pa;"". DATE: December 12, 2003 SUBJECT: City Council Meeting - December 18, 2003 ITEM: *8.13.1. Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Mildred Kinnard for the purchase of right- of-way for the Downtown Streets Improvements Project. Resource: Steve Sheets, City Attorney Laura Levinson History: Acquisition of right of way for the Downtown Streets Improvements project. Funding: Cost: $7,764.00 Source of funds: Round Rock Transportation System Development Corp. Outside Resources: Sheets & Crossfield, P.C. Impact/Benefit: Increased mobility in the Southeast quadrant of the City and to improve the sidewalks along park area of the City. Public Comment: N/A Sponsor: N/A EXECUTED DOCUMENT FOLLOWS REAL ESTATE CONTRACT State of Texas County of Williamson THIS REAL ESTATE CONTRACT ("Contract") is made by and between MILDRED KINNARD, (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: .015 acre, more or less, situated in the Wiley Harris Survey, Abstract No. 298, in Williamson County, Texas, being a portion of a remnant portion of Lot 1, Block 2 of the Starkfield Addition, a subdivision according tot he plat recorded in Cabinet A, Slide 203 of the plat records of Williamson County, Texas, 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, with the exception of the chain link fence located on the property which the Seller may remove and/or relocate prior to construction, 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 SEVEN THOUSAND SEVEN HUNDRED SIXTY FOUR and no/100 Dollars ($7,764.00). Payment of Purchase Price 2.02. The Purchase Price shall be payable in cash at the closing. @PFDesktop\::ODMA/WORLDOX/O:/WDOX/CORR/TRANSPRT/DWNTWNSTRTS/KINNAJD/REALEST/00059069.WPD/sls je-03-1,2-d- 8131 Special Provisions 2.03 As an obligation which shall survive the closing of this sale, Purchaser agrees that it will reconstruct the driveway approach of Seller as a part of the overall improvements to the adjacent roadway/sidewalk facilities, to a condition substantially similar to that which existed prior to this sale. Purchaser shall additionally provide any grading or sloping on the remaining property as necessary to protect the stability and integrity of the adjoining roadway/ sidewalk facilities and to facilitate proper drainage pursuant to standard engineering practices and guidelines. This shall take place as part of the adjoining construction project on a one time basis. 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. Within twenty (20) days after the date hereof, Seller, at Purchaser's sole cost and expense, shall have caused the Austin 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, Seller shall promptly undertake to eliminate or modify all unacceptable matters to the reasonable satisfaction of Purchaser, or 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 within thirty (30) days after receipt of notice, 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. Purchaser's failure to give Seller this notice shall not be deemed to be Purchaser's acceptance of the Title Commitment. Survey 3.03. Within ten (10) days from the date hereof, Purchaser, at Purchaser's sole cost and expense, shall cause to be delivered a ON 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 written notice of this fact. Seller shall promptly undertake to eliminate or modify all the unacceptable portions to the reasonable satisfaction of Purchaser. In the event Seller is unable to do so within ten (10) days after receipt of written notice, 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. Purchaser's failure to give Seller this written notice shall not be deemed to be Purchaser's acceptance of the survey. 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; (2) Seller has complied with all applicable laws, ordinances, regulations, statutes, rules and restrictions relating to the Property, or any part thereof; (3) The Property herein is being conveyed to Purchaser under threat of condemnation. ARTICLE V CLOSING 91 Closing Date 5.01. The closing shall be held at the office of Austin Title, Round Rock office, on or before December 31, 2003, 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 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; (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 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." (d) Deliver to Purchaser possession of the Property. 4 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) 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 Austin Title 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. 5 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. 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. R 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. 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 Round Rock City Council, which date is indicated beneath the Mayor's signature below. 7 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. SELLER: 1 MILDREI) !KI ARD DATE PURCHASER: CITY OF ROUND ROCK Date. 049`pj 0 I of 3 Kirmard (Parcel 7) 0.015 Acre Tract DESCRIPTION City of Round Rock Williamson County, Texas FOR A 0.015 -ACRE (641 SQUARE FOOT) TRACT OF LAND SITUATED IN THE WILEY HARRIS SURVEY, ABSTRACT NO. 298, IN WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF A REMNANT PORTION OF LOT 1, BLOCK 2 OF THE STARKFIELD ADDITION, A SUBDIVISION ACCORDING TO THE PLAT OF RECORD IN CABINET A, SLIDE 203 OF THE PLAT RECORDS OF WILLIAMSON COUNTY, TEXAS, SAID REMNANT PORTION OF LOT 1, BLOCK 2 BEING VESTED IN MILDRED KINNARD, BY DURABLE POWER OF ATTORNEY RECORDED IN VOLUME 2238, PAGE 542 OF THE OFFICIAL PUBLIC RECORDS OF SAID COUNTY, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING at a %2" iron rod with plastic cap set at a point in the south right-of-way line of Pecan Street (a called 40 foot wide right-of-way), said point being at the northeast corner of Lot 1 of the "Replat of a Portion of Block 2 Starkfield Addition" a subdivision according to the plat of record in Cabinet L, Slides 59-60 of the Plat Records of said County, same being the northwest corner of said remnant portion of Lot 1, Block 2, for the northwest corner and POINT OF BEGINNING hereof, from which a %2" iron rod found at the northwest corner of said Lot 1 "Replat of a Portion of Block 2 Starkfield Addition", bears S 88°42'36" W a distance of 111.85 feet; THENCE with the south right-of-way line of said Pecan Street, same being the north boundary line of said Lot 1, N 88°42136" E for a distance of 114.97 feet to a %i" iron rod with plastic cap set at the northeast corner of said remnant portion of Lot 1, Block 2 of the Starkfield Addition, same being at the intersection of the south right-of-way line of said Pecan Street with the west right-of-way line of Circle Avenue, for the northeast corner hereof; THENCE departing the south right-of-way line of said Pecan Street with the east boundary line of said remnant portion of Lot 1, Block 2 of the Starkfield Addition, same being the west right-of-way line of Circle Avenue, S 12°08'44" W for a distance of 4.90 feet to a %" iron rod with plastic cap set for the southeast corner hereof, from which a %" iron rod found at the southeast corner of said remnant portion of Lot 1, Block 2 of the Starkfield Addition, bears S 12°08'44" W a distance of 111.48 feet; THENCE departing the east boundary line of said remnant portion of Lot 1, Block 2 of the "Starkfield Addition to the City of Round Rock", through the interior of said remnant portion of Lot 1, Block 2 of the Starkfield Addition, S 87°51'17" W for a distance of 113.62 feet to a %i" iron rod with plastic cap set at a point in the east boundary line of said Lot 1, same being the west boundary line of said remnant portion of Lot 1, Block 2 of the Starkfield Addition, for the southwest corner hereof; EXHIBIT EXT 2of3 Kinnard (Parcel 7) 0.015 Acre Tract City of Round Rock Williamson County, Texas THENCE with the east boundary line of said Lot 1, same being the west boundary line of said remnant portion of Lot 1, Block 2 of the Starkfield Addition, N 03°12'15" W for a distance of 6.46 feet to the POINT OF BEGINNING hereof and containing 0.015 acres of land. Bearings are Grid Bearings based on City of Round Rock, Texas Control Points and GPS survey performed November 2002. Based on an on -the -ground survey made under my direct supervision and shown on accompanying survey drawing. David Strutton Registered Professional Land Surveyor No. 4312 BAKER-AICKLEN & ASSOCIATES, INC. 203 E. Main Street, Suite 201 Round Rock, Texas 78664 Job #0601-2-085-24 WAPROJECTWOMDOWNTOWN STREEMROWNETES AND BOUNDSTARCEL 07.doc ated C ;fir `gu�:�y- SKETCH TO ACCOMPANY DESCRIPTION REMNANT PORTION OF BLOCK 4, STARKFIELD ADDITION CAB. A. SL. 203 SAVE AND EXCEPT A CALLED 0.103 ACRE TRACT DESCRIBED IN DOCUMENT NO. 9724998 O.P.R.W.C., TX SCALE 1" = 30' 15954 6 SIGN STREET MARKER) 6 POINT OF&PECAN STREET EGINNING d (R.O.W. VAPJW) i ASPH. GRAVEL N 1T4 -2 E y. DRIVE DRIVE 1 2" IRF 1 2" IRF N 88'42'36' E 111.85 ��� N 88'42'36" E 114.97' > o rxjN 3.12'15" 6.46' S 87-51 17"-W-1 13.62 S 12*08.44iY � ® ROCK / \p 30" PECAN PLANTER I 4. 0 BUSHE 16047 N vP 4 6" PECAN I/ PARM 7 20009 ro 0.015 ACM 7" PECA 4 AR 541 sq. FT 0008 URBAN RAILROAD OF USIUSINGV' ��-�- RAILROAD TIES DEV PYENi' OFTON, D.C. r^ (4 . S= S lo�; n gr tb O.P.R.W..C.. TX 0- N J' �'aR� QUO RET. WALL �F (BY D POWER OF ATTO a I �: L 2298, PG. 542 RET. WALL M O-ILW C., TX 3 R LOT 1 3 O / REPLAT OF A PORTION OF c0 BLOCK 2 STARI�IID ADDITION �.. CARMET L. SIMS 58-80 o N N / of GJ 81.34'14 85.86 1 /2" IRF PH 12" CMP YFL=706.05 LEGEND DATE: JULY 8, 2003 • IRON ROD FOUND Bearings are Grid Bearings based on JOB NO.: 0601-2-085-24 O IRON PIPE FOUND City of Round Rock, Texas Control 8Y: PJG Points and GPS survey PAGE 3 OF 3 O IRON ROD W/ CAP SET y Performed Q CALCULATED POINT November 2002. ❑BAA A ASSOCIATES.INC. 1►��� ENGINEERS/SURVEYORS W:\PROJECTS\CORR\nnWNTnWN •.... _...--.- ••�+ . ... n.—g irAmL" ry "promoor w. zow - 2:26pm ... .. .. ..... .. ..... 159 SKETCH TO ACCOMPANY DESCRIPTION REMNANT PORTION OF BLOCK 4, STARKFIELD ADDITION CAB. A, SL. 203 SAVE AND EXCEPT A CALLED 0.103 ACRE TRACT DESCRIBED IN DOCUMENT NO. 9724998 O.P.R.11.C., TX 6 POINT OF/1PECAN STREET 3EGINNING, (R.o.W. VARIES) SCALE I" = 30' MARKER) -7 DRIVE \ GRAVEL N 1T44'2" E y DRIVE DRIVE 1 2" IRF 3.13' 1 2" IRF N 88'42'36" E 111.85 f� / N 88'42'36" E 114.97' > o �N3'12'15" 6.46 5 BT51 17 W 113.62 \ 5 1708'44"W 0 ROCK / % 30" PECAN PLANTER I �� BUSHE 16047 V) �P a 6" PECAN y I�PAR= 7 20009 N 0,015 ACM 7" PECA MCMARY OF USDVG a B4I SQ. FT. 0008 it URBAN D PIIENT • RAILROAD TIES OF lI TON, D. C. 2002098423 O.P.R.II.C., TXW N IMBED KNARD RET. WALL I a (BY D POWZI? OF ATPD W L 2238, PG. 542 1'1 O.R.T.C, TX • 0 LOT 1 •3 REPLAY OF A PORTION OF N o BLOCK 2 STARMLD AMMON CABINET L. SLIDE 59-60 'O o N / N V N O'I f X34'14• E 85.86---Z- �� _ �r 1 /2" IRF LEGEND DATE: JULY B. 2003 9 IRON ROD FOUND Bearings are Grid Bearings based on JOB NO.: 0601-2-085-24 O IRON PIPE FOUND City of Round Rock, Texas Control BY: PJG O IRON ROD W/ CAP SET Points and GPS surve y performed PAGE 3 OF 3 November 2002. Q CALCULATED POINT RET. 12" CMP FL=706.05 ❑BASSOCI CKLEN a A880CUXTES. INC. ENGINEERS/SURVEYORS WAPROJECTS\CORK\DOWNTOWN STREETS\ DWG\ RO W\RR STREETS ADDL ROW 2 7 9 10 114wo (PARCEL 71 Seniembor 10. 2003 - 2.26"m