Loading...
R-04-02-12-14C7 - 2/12/2004RESOLUTION NO. R. -04-02--12-14C7 WHEREAS, the City desires to purchase a 0.007 acre tract of land for additional right-of-way for the Downtown Streets Improvements Project, and WHEREAS, T. H. Ritter, 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 T. H. Ritter, 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 12th day of February, 2004. NYLfELL, Mayor City of Round Rock, Texas AT T: CHRISTINE R. MARTINEZ, City Secret#ry - @PFLeSk:oD\:;ODHA IC.-I.DO}./O:/WD-,X/RFO.OLUTI,'R40212C'.[4PDiSC REAL ESTATE CONTRACT State of Texas County of Williamson EX. A THIS REAL ESTATE CONTRACT ("Contract") is made by and between T.H. RITTER, (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: .007 acre, more or less, situated in the Wiley Harris Survey, Abstract No. 298, in Williamson County, Texas, being a portion of Lot 2, 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 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, 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 ONE THOUSAND and no/100 Dollars ($1,000.00). 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/RITTEit/REAT- ST/00062M .WPD/Sls Special Provisions 2.03 Purchaser shalL 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 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 Closing Date 5.01. The closing shall be held at the office of Austin Title, Round Rock office, on or before March 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." (3) Deliver to Purchaser possession of the Property. 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 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 VII 5 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 VIII MISCELLANEOUS Tint i r+a 8.01. 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 8.02. 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 8.03. 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 8.04. 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. � 6 Prior Agreements Superseded 8.05. 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 8.06. Time is of the essence in this Contract. Gender 8.07. 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 8.08. Upon request of either party, both parties shall promptly execute a memorandum of this Contract suitable for filing of record. Compliance 8.09 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 8.10 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. Possession and Use Agreement 8.11 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. FA SELLER: T. H. IRITTR DATE PURCHASER: CITY OF ROUND ROCK LIM Nyle Maxwell, Mayor 221 E. MAIN STREET ROUND ROCK, TEXAS 78664 Date: I of 3 Ritter (Parcel 10) 0.007 Acre Tract EXHIBIT k D a DESCRIPTION City of Round Rock Williamson County, Texas FOR A 0.007 -ACRE (291 -SQUARE -FOOT) TRACT OF LAND SITUATED IN THE WILEY HARRIS SURVEY, ABSTRACT NO. 298, WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF LOT 2, 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 WILLIAMSON COUNTY, TEXAS, SAID 0.007 -ACRE TRACT BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING at a bent %" iron rod found at a point in the south right-of-way line of Pecan Street (a called 40 -foot -wide right-of-way), said point being the northeast corner of Lot 3 of said Replat of a Portion of Block 2 Starkfield Addition to Round Rock, same being the northwest corner of said Lot 2, for the northwest corner and POINT OF BEGINNING hereof, THENCE with the south right-of-way line of said Pecan Street, same being the north boundary line of said Lot 2, N 88°42'36" E for a distance of 40.24 feet to a %z" iron rod found at the northwest corner of Lot I of said Replat of a Portion of Block 2 Starkfield Addition, same being the northeast corner of said Lot 2 for the northeast corner hereof, THENCE departing the south right-of-way line of said Pecan Street with. -the west boundary line of said Lot 1, same being the east boundary line of said Lot 2, S 01014147" E for a distance of 7.28 feet to a %2" iron rod with plastic cap set for the southeast corner hereof, from which a cotton spindle found at a point being the southwest corner of said Lot 2, bears S 1'14'47" E a distance of 106.33 feet; THENCE departing the west boundary line of said Lot 1, through the interior of said Lot 2, S 88°49'23" W for a distance of 40.23 feet to a %" iron rod with plastic cap set on a point in the east boundary line of said Lot 3, same being the west boundary line of said Lot 2, for the southwest corner hereof, from which a %" iron rod found on a point being an angle point in the west boundary line of said Lot 2, bears S 01°21'09" E a distance of 167.70 feet; 2of3 Ritter (Parcel 10) 0.007 Acre Tract City of Round Rock Williamson County, Texas THENCE with the east boundary line of said Lot 3, same being the west boundary line of said Lot 2, N 01°21109" W for a distance of 7.20 feet to the POINT OF BEGINNING hereof and containing 0.007 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. 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 W:\PROJECTS\CORR\DOWNTOWN STREETSIROWWETES AND BOUNDS\PARCEL IO.doc R.��DAVIDSTRUTTON 06o.................. ....... o"p 4312 %'CC ' ,�Stj 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.X.C., TX POINT BEGIN OW / 0 10"EDAR ELM 15731 . 0.007 ACRES G w s4. PT. 1/2" NIF, (N 88'51" E "BEKr N 68'42'36" E Q -Q < < i 17' 7" LIVE OAKS 15733 ABU DHABE INC. DOC. NO. 2=0"= O.P.R.IF.C., TX LOT 3 REPLAT OF A PORTION OF BLOCK 2 STARIMELLD ADDIl70N CABDVET 4 SLIDE 58-80 L1 S 1'14'47" E 7.28' L2 N 1'21'09" W 7.20' LEGEND / 15" LIVE OAK 15734 I I V112' IRF I PECAN STREET j (R.O1/ )07 1.24' —1/2' IRF .r. P GRAVEL DRIVE T ROCK P 30" PECAN PLANTER SLY..&TARY HOiISMC 16047 & URBAN PJQsYVT �✓� OF 1/ , D.C. DOG. NO. r OF A PORTION OF BLOCK 2 STAJ02= ADDMON V(+ m CABVW 4 SLIDE 58-60 +' 4 m r^ �A L/ 1/2• IRF 'b1- IN 6? Z`'�• �/ Nom/ �COTfON SPIN DLE IN ROCK FOUND SCALE I" = 30' DATE: JULY 8, 2003 • IRON ROD FOUND JOB NO.: 0601-2-085-24 O IRON PIPE FOUND Bearings are Grid Bearings based on BY: PJG O IRON ROD W/ CAP SET City of Round Rock, Texas Control PAGE 3 OF 3 Points and GPS survey performed Q CALCULATED POINT November 2002. BAKER-AICKLEN a& ASSOCLACTES. INC. ENGINEERS/SURVEYORS -.... �......--- .....1,.......— ,.v" c . a v n.Q.911an1c� rv, a"n."mn.0 .o_ zona - 7.70.,.0 1O OCI �F m o Ci m N li J O Ci v0 N Q I N O jlC; F11 xqo w v o r'-4 I E'3 In I I I V112' IRF I PECAN STREET j (R.O1/ )07 1.24' —1/2' IRF .r. P GRAVEL DRIVE T ROCK P 30" PECAN PLANTER SLY..&TARY HOiISMC 16047 & URBAN PJQsYVT �✓� OF 1/ , D.C. DOG. NO. r OF A PORTION OF BLOCK 2 STAJ02= ADDMON V(+ m CABVW 4 SLIDE 58-60 +' 4 m r^ �A L/ 1/2• IRF 'b1- IN 6? Z`'�• �/ Nom/ �COTfON SPIN DLE IN ROCK FOUND SCALE I" = 30' DATE: JULY 8, 2003 • IRON ROD FOUND JOB NO.: 0601-2-085-24 O IRON PIPE FOUND Bearings are Grid Bearings based on BY: PJG O IRON ROD W/ CAP SET City of Round Rock, Texas Control PAGE 3 OF 3 Points and GPS survey performed Q CALCULATED POINT November 2002. BAKER-AICKLEN a& ASSOCLACTES. INC. ENGINEERS/SURVEYORS -.... �......--- .....1,.......— ,.v" c . a v n.Q.911an1c� rv, a"n."mn.0 .o_ zona - 7.70.,.0 DATE: February 6, 2004 SUBJECT: City Council Meeting - February 12, 2004 ITEM: *14.C.7. Consider a resolution authorizing the Mayor to execute a Real Estate Contract with T. H. Ritter for the purchase of right-of-way for the Downtown Streets Improvement Project. Department: Legal Staff Person: Steve Sheets, City Attorney Justification: Improvement to downtown mobility and sidewalk facilities near park areas in central Round Rock. Funding: Cost: $1,000 Source of funds: 2002 GO Bonds Outside Resources: Sheets & Crossfield, P.C. Background Information: N/A Public Comment: N/A EXECUTED DOCUMENT FOLLOWS REAL ESTATE CONTRACT State of Texas County of Williamson THIS REAL ESTATE CONTRACT ("Contract") is made by and between T.H. RITTER, (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: .007 acre, more or less, situated in the Wiley Harris Survey, Abstract No. 298, in Williamson County, Texas, being a portion of Lot 2, 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 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, 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 ONE THOUSAND and no/100 Dollars ($1,000.00). Payment of Purchase Price 2.02. The Purchase Price shall be payable in cash at the closing. R -04 -WV( _,yc7 'j� @PFDesktop\::ODMA/WORLDOX/O:/WDOX/CORR/TRANSPRT/DWNTWNSTRTS/RITTER•/REALEST/00062273.WPD/sls Snecial Provisions 2.03 Purchaser sha1L 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 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, 2 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. 3 ARTICLE V CLOSING Closing Date 5.01. The closing shall be held at the office of Austin Title, Round Rock office, on or before March 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." (3) Deliver to Purchaser possession of the Property. 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 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 VII 5 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 VIII MISCELLANEOUS Notice 8.01. 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 8.02. 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 8.03. 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 8.04. 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 8.05. 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 8.06. Time is of the essence in this Contract. Gender 8.07. 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 8.08. Upon request of either party, both parties shall promptly execute a memorandum of this Contract suitable for filing of record. Compliance 8.09 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 8.10 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. Possession and Use Agreement 8.11 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. 7 SELLER: PURCHASER: CITY OF ROUND ROCK By: N xw Mayor 221 . MAIN STREET ROUND ROCK, TEXAS 78664 Date: - �� -041 I of 3 Ritter (Parcel 10) 0.007 Acre Tract EXHIBIT a DESCRIPTION City of Round Rock Williamson County, Texas FOR A 0.007 -ACRE (291 -SQUARE -FOOT) TRACT OF LAND SITUATED IN THE WILEY HARRIS SURVEY, ABSTRACT NO. 298, WILLI.AMSON COUNTY, TEXAS, BEING A PORTION OF LOT 2, 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 WILLIAMSON COUNTY, TEXAS, SAID 0.007 -ACRE TRACT BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING at a bent -%2" iron rod found at a point in the south right-of-way line of Pecan Street (a called 40 -foot -wide right-of-way), said point being the northeast corner of Lot 3 of said Replat of a Portion of Block 2 Starkfield Addition to Round Rock, same being the northwest corner of said Lot 2, for the northwest corner and POINT OF BEGINNING hereof; THENCE with the south right-of-way line of said Pecan Street, same being the north boundary line of said Lot 2, N 88°42'36" E for a distance of 40.24 feet to a '/2" iron rod found at the northwest corner of Lot 1 of said Replat of a Portion of Block 2 Starkfield Addition, same being the northeast corner of said Lot 2 for the northeast corner hereof, THENCE departing the south right-of-way line of said Pecan Street with. -tf e west boundary line of said Lot 1, same being the east boundary line of said Lot 2, S 01'14'47" E for a distance of 7.28 feet to a %2" iron rod with plastic cap set for the southeast corner hereof, from which a cotton spindle found at a point being the southwest corner of said Lot 2, bears S 1'14'47" E a distance of 106.33 feet; THENCE departing the west boundary line of said Lot 1, through the interior of said Lot 2, S 88°49123" W for a distance of 40.23 feet to a %2" iron rod. with plastic cap set on a point in the east boundary line of said Lot 3, same being the west boundary line of said Lot 2, for the southwest corner hereof, from which a %2" iron rod found on a point being an angle point in the west boundary line of said Lot 2, bears S 01°21'09" E a distance of 167.70 feet; 2of3 Ritter (Parcel 1 U) 0.007 Acre Tract City of Round Rock Williamson County, Texas THENCE with the east boundary line of said Lot 3, same being the west boundary line of said Lot 2, N 01°21109" W for a distance of 7.20 feet to the POINT OF BEGINNING hereof and containing 0.007 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. 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 W:\PROJECTS\CORR'.DOWNTOWN STREETS\ROWWETES AND BOUNDS\PARCEL 10.doc .au �0i i0�1,, 43 2 roe�C Y 1,- ESSOjmsC� 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 71 0 10" EDAR EUA 15731 POINT OF 0.0127 M BEGIN G 291 sq. lr: 1/2-1 (N 88'51' E -gQH- N 88'42'36' a w- 0 — O 15" LIVE OAK 15734 17" 7" LIVE OAK 1 N N 15733 ABU DHABL MC. N DOC NO. 200!094322 O.P.RAt►C. TX m I m m 0�i J O m vp LOT 3 REPLAT OF A PORTION OF BLOCK 2 STARIOUM ADDITION CABINET L, SLIDE 60-60 I L1 I S 1'14'47" E 7.28' I L2 N 1'21'09" W 7.20' I z; C; m V J 0 I V112' IRF I PECAN STREET I R.O.W. Vitl GRAVEL DRIVE )01 K ).24' 1/2- IRF Y 4 1 ® ROCK I \ 4 30" PECAN PLANTER CRUrARY HO C 1 eoa7 URBAN D PI/ENT;:7& OF WA"5 II�rG N, D.C. DOC. NO.OP.�- C,r°�'I rn rs LAT OF A PORTION OF BLOCK 2 STARm,=D ADDAoN VI + m CABINET 4 SLIDE 59-60 , - m m rn N0`✓0 , f/ 91 W ! �f V P 1/2- IR ✓ /' e� I IN 0 E� 5 N 6� Y / COTrON SPINDLE IN ROCK FOUND SCALE 1" = 30' LEGEND • IRON ROD FOUND O IRON PIPE FOUND Bearings are Grid Bearings based on O IRON ROD W/ CAP SET City of Round Rock, Texas Control Points and GPS survey performed Q CALCULATED POINT November 2002. DATE: JULY S. 2003 JOB NO.: 0601-2-085-24 BY: PJG PAGE 3 OF 3 BAKER-AICKLEN Q ASSOCLAXIMS, INC. ENGINEERS/SURVEYORS w:\r'Kudr6I %6V—%Uww"1 VAK J1Ktt 1b%UWU\KOW\KK 51Ktt TS AUUL NOW Z 7 9 10 N.Orp 1PARGEL 101 Soptember 10. 2003 - 2:29pm Ausio 11111111111111111111111i1111111111111111111111811111 DEED 2004020188 5 PGS SPECIAL WARRANTY DEED Downtown Streets Project THE STATE OF TEXAS § COUNTY OF WILLIAMSON § WHEREAS, the City of Round Rock, Texas is authorized to purchase land and such other property rights deemed necessary or convenient for the construction, expansion, enlargement, extension, improvement, or operation of a portion of the proposed Downtown Streets improvement project ("Project"); and, WHEREAS, the purchase of the hereinafter -described premises has been deemed necessary or convenient for the construction, expansion, enlargement, extension, improvement, or operation of the Project; NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS: That, TH RITTER, a single person; hereinafter referred to as Grantor, whether one or more, for and in consideration of the sum of Ten Dollars ($ 10.00) and other good and valuable consideration to Grantor in hand paid by the City of Round Rock, Texas, receipt and sufficiency of which is hereby acknowledged, and for which no lien is retained, either expressed or implied, have this day Sold and by these presents do Grant, Bargain, Sell and Convey unto the City of Round Rock, Texas all those certain tracts or parcels of land lying and being situated in the County of Williamson, State of Texas, being more particularly described as follows: BEING a 0.007 acre (291 square foot) tract of land out of Lot 2, Block 2, of REPLAT OF A PORTION OF BLOCK 2, STARTKFIELD ADDITION TO ROUND ROCK, an Addition to the City of Round Rock, Williamson County, Texas, according to the map or plat thereof; recorded in Cabinet L, Slides 59-60, of the Plat Records of Williamson County, Texas, said 0.007 acre tract being more particularly described in Exhibit "A" attached hereto and made a part hereof. NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENT BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. RESERVATIONS FROM AND EXCEPTIONS TO CONVEYANCE AND WARRANTY: Easements and rights-of-way of record; all presently recorded restrictions, reservations, covenants, conditions, oil, gas or other mineral leases, mineral severances, and other instruments, other C:\Documents and Settings\txaucj I\Local Settings\Temporary Internet Files\OLK78\SWD 03-09-04 CORR TRANS DWNTWNST RITTER (00065133). DOC than liens and conveyances, that affect the property; rights of adjoining owners in any walls and fences situated on a common boundary; and any encroachments or overlapping of improvements. TO HAVE AND TO HOLD the premises herein described and herein conveyed together with all and singular the rights and appurtenances thereto in any wise belonging unto the City of Round Rock, Texas and its assigns forever; and Grantors do hereby bind ourselves, our heirs, executors, administrators, successors and assigns to Warrant and Forever Defend all and singular the said premises herein conveyed unto the City of Round Rock, Texas and its assigns against every person whomsoever lawfully claiming or to claim the same or any part thereof by, through, or under Grantors, but not otherwise. This deed is being delivered in lieu of condemnation. IN WITNESS WHEREOF, this instrument is executed on this the P%ay of ����004. TH TER Acknowledgment State of Texas County of Williamson j This instrument was acknowledged before me on this the day of /��/, 2004 by TH RITTER. 11 MARCIE L. MITER MY COMMISSION EXPIRES December 2, 2007 otary Public, State of Texas PREPARED IN THE OFFICE OF: Sheets & Crossfield, P.C. 309 East Main Round Rock, Texas AFTER RECORDING RETURN TO: Austin Title Company 101 E. Old Settlers Blvd. Suite 100 Round Rock, Texas 78664 2 I of 3 Ritter (Parcel 10) 0.007 Acre Tract EXHIBIT D 'a DESCRIPTION City of Round Rock Williamson County, Texas FOR A 0.007 -ACRE (291 -SQUARE -FOOT) TRACT OF LAND SITUATED IN THE WILEY HARRIS SURVEY, ABSTRACT NO. 298, WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF LOT 2, 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 WILLIAMSON COUNTY, TEXAS, SAID 0.007 -ACRE TRACT BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING at a bent -%2" iron rod found at a point in the south right-of-way line of Pecan Street (a called 40 -foot -wide right-of-way), said point being the northeast corner of Lot 3. of said Replat of a Portion of Block 2 Starkfield Addition to Round Rock, same being the northwest corner of said Lot 2, for the northwest corner and POINT OF BEGINNING hereof, THENCE with the south right-of-way line of said Pecan Street, same being the north boundary line of said Lot 2, N 88°42'36" E for a distance of 40.24 feet to a %2" iron rod found at the northwest comer of Lot l of said Replat of a Portion of Block 2 StarkfieId Addition, same being the northeast corner of said Lot 2 for the northeast corner hereof, THENCE departing the south right-of-way line of said Pecan Street with: -the west boundary line of said Lot 1, same being the east boundary line of said Lot 2, S 01-14'47- E for a distance of 7.28 feet to a %2" iron rod with plastic cap set for the southeast corner hereof, from which a cotton spindle found at a point being the southwest corner of said Lot 2, bears S I '14'47" E a distance of 106.33 feet; THENCE departing the west boundary line of said Lot 1, through the interior of said Lot 2, S 88°49123" W for a distance of 40.23 feet to a %2" iron rod with plastic cap set on a point in the east boundary line of said Lot 3, same being the west boundary line of said Lot 2, for the southwest corner hereof, fiom which a %2" iron rod found on a point being an angle point in the west boundary line of said Lot 2, bears S 01°21'09" E a distance of 167.70 feet; '. 2of3 Ritter (Parcel 10) 0.007 Acre Tract City of Round Rock Williamson County, Texas THENCE with the east boundary line of said Lot 3, same being the west boundary line of said Lot 2, N 01'21'09" W for a distance of 7.20 feet to the POINT OF BEGINNING hereof and containing 0.007 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. 0 R. 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 WAPROJEC 9CORRIDOWN7nWN STREETSIROWVMETES AND BOUNDSTARCEL IO.doc A, RQ4V9DSTRUT.. = c-% 9 4312 i. SS0.. StjM-� 4 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.1f.C., TX POINT O BEGINAW 0 10' EDAR ELM 15731 17' 7" LIVE OAK' 15733 ABU DRAWL INC. DOC. NO. ZOOID"= LOr 3 RSPLAr of A POR770H OF BLOCK 2 SrARIUMW ADDITION CABINET L SLIDE 59-60 L1 S 1'14'47" E 7.28' L2 N 1'21'09" W 7.20' LEGEND 0.007 (N 88'51' E N 88'42'36 E / 15� LVE OAK 15734 N IRON ROD FOUND 4 0 m�I O 0� o ra CALCULATED POINT rn a J ti�a q;, I Vo o �0 N 4 N m O 0 qo rn �4 E!' N N� • IRON ROD FOUND O IRON PIPE FOUND O IRON ROD W/ CAP SET A CALCULATED POINT I PECAN STREET j (R O.W i�AWES_�--f K1 1.24' 1/2_ IRF r Q GRAVEL DRVE 4 ® ROCK 4 30" PECAN PLANTER SART RO�►c 16047 & URBAN l/Ee7T D� of tr x, D.c. Doc. xo. I to Sly K$1 r� ^ WI 1 rn 1T OF A PORAON OF TON BLOCK 2 STARMUD ADDII v`# CABVW L SLIDE 59-60 ' # o rq ab � 0 . o u o, a N 1/2" IRF E g1. COTTON SPINDLE IN ROCK FOUND SCALE /" = 30' RECORDERS MEMORANDUM All or part: of the teat on this pvV was not Measly legible for ratdactory reaar4tion. V112- IRF Bearings are Grid Bearings based on City of Round Rock, Texas Control Points and GPS survey performed November 2002. ':\PROJECTS\CORR\DOWNTOWN STREETS\DWG\ROM%RR STREETS ADM ROW P 7 o r 9-- M-11 DATE: JULY 8. 2003 JOB NO.: 0601-2-085-24 BY: PJG PAGE 3 OF 3 aBAKER-AICKLEN a AssoctArEs, u4c. ENGINEERS/SURVEYORS