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HomeMy WebLinkAbout1998-355a Uhu WVt� Lc or&J.dt s 01,&o ORDINANCE NO 70 9b-5 AN ORDINANCE APPROVING A REAL ESTATE CONTRACT BETWEEN THE CITY OF DENTON AND DON R SWADLEY AND JANETTE M SWADLEY, RELATING TO THE PURCHASE OF 0 178 ACRES OF LAND FOR THE EXPANSION OF U S HIGHWAY 77 (PARCEL 28), AUTHORIZING THE EXPENDITURE OF FUNDS THEREFORE, AND PROVIDING AN EFFECTIVE DATE THE COUNCIL OF THE CITY OF DENTON, TEXAS HEREBY ORDAINS SECTION I That the City Manager is hereby authorized to execute a Real Estate Contract between the City and Don R and Janette M Swadley, in substantially the form of the Real Estate Contract which is attached to and made a part of this ordinance for all purposes, for the purchase of 0 178 acres of land for the expansion of U S Highway 77 (Parcel 28) SgCTION II That the City Manager is authorized to make the expenditures as set forth in the attached Real Estate Contract SECTION III That this ordinance shall become effective immediately upon its passage and approval 4 PASSED AND APPROVED this the ao - day of , 1998 JA LLER, MAYOR ATTEST JENNIFER WALTERS, CITY SECRETARY BY � )abnts APPROVED AS TO LEGAL FORM HERBETiT L PROUTY, CITY ATTORNEY REAL ESTATE CONTRACT STATE OF TEXAS COUNTY OF DENTON THIS CONTRACT OF SALE is made by and between DON R. SWADLEY AND JANETTE M. SWADLEY (hereinafter referred to as "Seller") and CITY OF DENTON, TEXAS, a home rule municipality, of Denton, Denton County, Texas, (hereinafter referred to as "Purchaser"), upon the terms and conditions set forth herein. PURCHASE AND SALE Seller hereby sells and agrees to convey, and Purchaser hereby purchases and agrees to pay for all that certain tract, lot or parcel of land described in Exhibit "A" attached with all rights and appurtenances pertaining to the said property, including any right, title and interest of Seller in and to adjacent streets, alleys or rights -of -way (all of such real prop- erty, rights, and appurtenances being hereinafter referred to as the "Property"), together with any improvements, fixtures, and personal property situated on and attached to the Property, for the consideration and upon and subject to the terms, provisions, and conditions hereinafter set forth. Seller shall pay all cost for the removal, installation, construction, reinstallation, reconstruction, labor and materials for any and/or improvements located within the property described in Exhibit "A". Any improvements not removed by January 1, 1999 shall become property of the City of Denton, Texas. PURCHASE PRICE 1 Amount of Purchase Price The purchase price for the Property shall be the sum of $9,969 00. 2. Payment of Purchase Price. The full amount of the Purchase Price shall be payable in cash at the closing PURCHASER'S OBLIGATIONS 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. 1. Preliminary Title Report. Within twenty (20) days after the date hereof, Seller, at Seller's sole cost and expense, shall have caused the Title Company (hereinafter defined) to issue a owners policy commitment (the "Commitment") accompanied by copies of all recorded documents relating to easements, rights -of -way, etc., affecting the Property. Purchaser shall give Seller written notice on or before the expiration of ten (10) days after Purchaser receives the Commitment that the condition of title as set forth in the Commitment is or is not satisfactory. In the event � Purchaser states the condition of title is not satisfactory, Seller shall, at Seller's option, promptly undertake to eliminate or modify all unacceptable matters to the reasonable satisfaction of Purchaser. In the event Seller is unable to do so within ten (10) days after receipt of written notice, this Agreement shall thereupon be null and void for all purposes; otherwise, this condition shall be deemed to be acceptable and any objection thereto shall be deemed to have been waived for all purposes. 2. Survey. Purchaser may, at Purchaser's sole cost and expense, obtain a current survey of the Property, prepared by a duly licensed Texas land surveyor acceptable to Purchaser. The survey shall be staked on the ground, and 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. Purchaser will have ten (10) days after receipt of the survey to review and approve the survey. In the event the survey is unacceptable, then Purchaser shall within the ten (10) day period, give Seller written notice of this fact. Seller shall, at Seller's option, promptly undertake to eliminate or modify the unacceptable portions of the survey 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 Agreement, and the Agreement shall thereupon be null and void for all purposes and the Escrow Deposit shall be returned by the Title Company to Purchaser. Purchaser's failure to give Seller this written notice shall be deemed'to be Purchaser's acceptance of the survey. 3. Seller's Compliance. Seller shall have performed, ob- served, and complied with all of the covenants, agreements, and conditions required by this Agreement to be performed, observed, and complied with by Seller prior to or as of the closing. IONS AND WARRANTIES OF SELLER Seller hereby represents and warrants to Purchaser as follows, which representations and warranties shall be deemed AEE008FE PAGE 2 made by Seller to Purchaser also as of the closing date. 1. There are no parties in possession of any portion of the Property as lessees, tenants at sufferance, trespassers or other parties. 2. Except for the prior actions of Purchaser, there is no pending or threatened condemnation or similar proceeding or assessment or suit, affecting title to the Property, or any part thereof, nor to the best knowledge and belief of Seller is any such proceeding or assessment contemplated by any governmental authority. 3. Seller has complied with all applicable laws, ordinances, regulations, statutes, rules and restrictions relating to the Property, or any part thereof. 4. To the best of the seller's knowledge, there are no toxic or hazardous wastes or materials on or within the Property. Such toxic or hazardous wastes or materials include, but are not limited to, hazardous materials or wastes as same are defined by the Resource Conservation and Recovery Act (RCRA), as amended, and the Comprehensive Environmental Response Compensation and Liability Act (CERCLA), as amended. CLOSING The closing shall be held at the office of Dentex Title Company on or before November 30, 1998, or at such title company, time, date, and place as Seller and Purchaser may mutually agree upon (which date is herein referred to as the "closing date"). CLOSING REQUIREMENTS 1. Seller's Requirements. At the closing Seller shall: A. Deliver to State of Texas, acting by and through the Texas Transportation Commission a duly executed and acknowledged Deed in the form as attached hereto as Exhibit "B" conveying good and marketable title to all of the Property, free and clear of any and all liens, encumbrances, conditions, easements, assessments, and restrictions, except for the following 1. General real estate taxes for the year of closing and subsequent years not yet due and payable; 2. Any exceptions approved by Purchaser AEEOO8FE PAGE 3 pursuant to Purchaser's Obligations here- of; and 3. Any exceptions approved by Purchaser in writing. B. Deliver to Purchaser a Texas Owner's Policy of Title Insurance at Purchaser's sole expense, issued by Dentex Title Company, Denton, Texas, (the "Title Company"), or such title company as Seller and Purchaser may mutually agree upon, in Purchaser's favor in the full amount of the purchase price, insuring fee simple title for the State of Texas to the Property sub]ect only to those title exceptions listed in Closing Requirements hereof, such other exceptions as may be approved in writing by Purchaser, and the standard printed exceptions contained in the usual form of Texas Owner's Policy of Title Insurance, provided, however. 1. The boundary and survey exceptions shall be deleted if required by Purchaser and if so required, the costs associated with same shall be borne by Purchaser, 2. The exception as to restrictive cove- nants shall be endorsed "None of Record", 3. The exception for taxes shall be limited to the year of closing and shall be endorsed "Not Yet Due and Payable"; and 4. The exception as to liens encumbering the Property shall be endorsed "None of Record". C. Deliver to Purchaser possession of the Property on the day of closing. 2. Purchaser's Requirements. Purchaser shall pay the consideration as referenced in the "Purchase Price" section of this contract at Closing in immediately available funds. 3. Closing Costs. Seller shall pay all taxes assessed by any tax collection authority through the date of Closing. All other costs and expenses of closing in consummating the sale and purchase of the Property not specifically allocated herein shall be paid by Purchaser and Seller. AEE008FE PAGE 4 REAL ESTATE COMMISSION Any real estate commissions occasioned by the consummation of this Agreement shall be the sole responsibility of Seller, and Seller agrees to indemnify and hold harmless Purchaser from any and all claims for these commissions 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 except Purchaser's default, Purchaser may either enforce specific performance of this Agreement or terminate this Agreement by written notice delivered to seller. 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 PURCHASER'S OBLIGATIONS having been satisfied and Purchaser being in default Seller may either enforce specific performance of this Agreement, or terminate this Agreement by written notice delivered to purchaser. MISCELLANEOUS 1 Assignment of Agreement. This Agreement may not be assigned by Purchaser without the express written consent of Seller. 2. Survival of Covenants. Any of the representations, war- ranties, covenants, and agreements of the parties, as well as any rights and benefits of the parties, pertaining to a period of time following the closing of the transactions contemplated hereby shall survive the closing and shall not be merged therein. 3. Notice. Any notice required or permitted to be delivered hereunder shall be deemed received when sent by United States mail, postage prepaid, certified mail, return receipt requested, addressed to Seller or Purchaser, as the case may be, at the address set forth beneath the signature of the party. 4. Texas Law to Apply. This Agreement 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 Denton County, Texas. AEE008FE PAGE 5 5. Parties Bound. This Agreement 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 Agreement. 6. Legal Construction. In case any one or more of the pro- visions contained in this Agreement shall for any reason be held to be invalid, illegal, or unenforceable in any respect, said in- validity, illegality, or unenforceability shall not affect any other provision hereof, and this Agreement shall be construed as if the invalid, illegal, or unenforceable provision had never been contained herein. 7. Prior Agreements Superseded. This Agreement 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. 8. Time of Essence. Time is of the essence in this Agreement. 9. Gender. Words of any gender used in this Agreement shall be held and construed to include any other gender, and words in the singular number shall be held to include the plural, and vice versa, unless the context requires otherwise. 10. Memorandum of Contract. Upon request of either party, both parties shall promptly execute a memorandum of this Agreement suitable for filing of record. 11. Compliance. In accordance with the requirements 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. 12. Time Limit. In the event a fully executed copy of this Agreement has not been returned to Purchaser within ten (10) days after Purchaser executes this Agreement and delivers same to Sel- ler, Purchaser shall have the right to terminate this Agreement upon written notice to Seller. AEEOO8FB PAGE 6 DATED this � "'- day SELLER Don R. Swadley Janette M Swadley PURCHASER THE CITY OF DENTON, TEXAS 0 i / City 215 M Texas 76201 STATE OF TEXAS COUNTY OF DENTON T s i trument is acknowledged before me, on this A e day of 1998 by Michael W. Jez , City Manager, of The City of Denton, a Municipal Corporation, known to me to be the person and officer whose name is subscribed to the foregoing instrument and acknowledged to me that the same was the act of the said City of Denton, Texas, a municipal corporation, that he was duly authorized to perform the same by appropriate ordinance of the City Council of the City of Denton and that he executed the same as the act of the said City for purposes and consideration therein expressed, and in the capacit herein stat `'',� ANN FORSYTHE Not ry P Notary Public, State of Texas lic and for My Commission Expires the State of T xas MAY 9, 2002 STATE OF TEXAS COUNTY OF DENTON �T s strument is acknowledged before me, on this day of 1998 by Don R. Swadley and Janette M. Swadley. RNER N. WRMSM °C7! *-"AlpkSWdTom No y Public in and for WWW 0=6" the State of Texas AEE008FE PAGE 7 County Denton Highway U.S. 77 Project Limits; CSJ 0195-02. Account EXHIBIT "A" From I.H.35 To U.S.3S0 FIELD NOTES FOR PARCEL g$ Page 1 of 2 Rev November 28, 1994 BEING A PARCEL OF LAND SITUATED IN A CALLED 0.707-ACRE TRACT OF LAND CONVEYED TO GRADY R McEUIN JR AND WIFE, DOROTHEA GALE MCEUIN, RECORDED IN VOLUME 947, PAGE 731, DEED RECORDS OF DENTON COUNTY, TEXAS (DRDCTI, BEING A PART OF DONNA DELL ESTATES, LOT 1, BLOCK "B', RECORDED IN VOLUME 3, PAGE 2, MAP RECORDS OF DENTON COUNTY, TEXAS (MRDCT), AND BEING SITUATED IN THE N H. MEISENHEIMER SURVEY, ABSTRACT NO 810, CITY OF DENTON, DENTON COUNTY, TEXAS, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS. COMMENCING for reference at a found 1/2-Inch iron rod for the northeast comer of Lot 3, Block C, of said Donna Dell Estates, some being a point on the existing west right of way line of Donna Street, THENCE S 010 05' 44" W, along the existing west right of way line of Donna Street, a distance of 813 04 feet to a point, THENCE S 010 53' 40' W, continuing along the existing west right of way of Donna Street, a distance of 122 18 feet to set 5/8-inch iron rod in the east line of said McEuin tract and the new north right of way line of U S 77, and the POINT OF BEGINNING, (1) THENCE S 010 53' 40" W, along the east line of said McEuin tract and the existing west right of way line of Donna Street, a distance of 58 42 feet to a found 1-inch Iron pipe for the southeast corner of said McEuln tract and being a point on the existing north right of way line of U.S 77, (2) THENCE N 580 19' 20' W, along a line common to said McEum tract and existing north right of way line of said U.S 77, a distance of 264 01 feet to a found 1-inch iron pipe being the southwest comer of said McEuin tract, (3) THENCE N 000 40' 53" E, along a line common to said McEuln tract and said existing north right of way line of U.S 77, a distance of 32.27 feet a found 5/8-inch Iron rod being the southeast comer of a 1.518-acre tract of land conveyed to Richard C. Scroggins and wife, Sherry L Scroggins, recorded in Volume 2964, Page 803, DRDCT, being a part of Donna Dell Estates, Lot 4R replat, as recorded in Cabinet H, Page 339, MRDCT, (4) THENCE N 000 49' 48" E, along the west line of said McEuin tract, a distance of 0 75 feet to a not 5/8-inch iron rod with an aluminum cap, same being a point on the new north right of way line of U.S. 77; (5) THENCE S 580 11' 38' E, along the new north right of way line of U.S 77, a distance of 205 OB feet to the beginning of a circular curve to the right having a radius of 2924 79 feet; o-x461AEV County Denton Highway U.S. 77 Project Limits. CSJ 0195_02_ Account EXHIBIT 'A" From I.H.35 To U.S.380 FIELD NOTES FOR PARCEL Z$ Page 2 of 2 Rev November 28, 1994 (6) THENCE southeasterly along the new north right of way line of U S 77, and along said curve to the right, through a delta angle of 000 31' 31 ", an arc distance of 26 82 feet, and having a chord which bears S 570 55' 50' E, a distance of 26 82 feet to a set 5/8-inch iron rod with an aluminum cap, (7) THENCE N 760 24' 31 " E, along the new north right of way line of U S 77, a distance of 29 99 feet the POINT OF BEGINNING, and containing 0 178 acre, or 7,755 square feet of land, more or leas. l.=-6—cse-- John F Wilder, R P.L S Texas No 4285 Date D-2451 REV Texas Depattment of Transpormon EXHIBIT "B" Porm D-1344 Page 1 of 3 Rev 9191 THE STATE OF TEXAS COUNTY OF That, I J 3_11 KNOW ALL MEN BY THESE PRESENTS: of the County of , State of Texas, hereinafter referred to as Grantors, whether one or more, for and in consideration of the sum of Dollars ($ ) to Grantors in hand paid by the State of Texas, acting by and through the Texas Transportation Commission, receipt of which is hereby aclmowledged, and for which no hen is retained, either expressed or unplied, have this day Sold and by these presents do Grant, Bargain, Sell and Convey unto the State of Texas all that certain tract or parcel of land in County, Texas, more particularly described in Ex- hibit "A," which is attached hereto and incorporated herein for any and all purposes SAVE and EXCEPT, HOWEVER, it is expressly understood and agreed that Grantors are retaining title to the following unprovements located on the property described in said Exhibit "A," to wit Grantors covenant and agree to remove the above -described unprovements from said land by the day of , 19 , subject, however, to such extensions of tune as may be granted by the State in writing, and if, for any reason, Grantors fail or refuse to remove same within said period of tune prescribed, then, without any further consideration, the title to all or any part of such improvements not so removed shall pass to and vest in the State of Texas forever Grantors reserve all of the oil, gas and sulphur in and under the land herein conveyed but waive all rights of mgress and egress to the surface thereof for the purpose of exploring, developing, mining or drilling for same, however, nothing in this reservation shall affect the title and rights of the State to take and use all other minerals and materials thereon, therein and thereunder Texas Department of Transportation Penn D-I5-14 Page 2 of 3 Rev 9/91 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 State of Texas and its assigns forever, and drantors do hereby bind ourselves, our heirs, executors, administrators, successors and as- signs to Warrant and Forever Defend all and singular the said premises herein conveyed unto the State of Texas and its assigns against every person whomsoever lawfully claiming or to claim the same or any pan thereof IN WITNESS WHEREOF, this instrument is executed on this the ,19 day of **w*****cow*w**w***w**w*w*****w*w**www*w*w****cow****w************w*****************w* ACKNOWLEDGMENT THE STATE OF TEXAS, ) COUNTY OF ) BEFORE ME, the undersigned, a Notary Public, on this day personally appeared , known to me (or proved to me on the oath of a credible witness,) to be the person(s) whose name(s) is (W) subscribed to the foregoing instrument snd acknowledged to me that he/she/they executed the same for the purposes and consideration theism expressed GIVEN UNDER MY HAND AND SEAL OF OFFICE, Chia day of Notary Public, State of Texas My Commission expires on the day of 19_ ,19_ ************************************************************************************ THE STATE OF TEXAS, COUNTY OF CORPORATE I ) ACKNOWLEDGMENT BEFORE MB, the undersigned, a Notary Public, on this day personally appeared Of , known to me to be the person and officer whose name is subscribed to the foregoing instrument and acknowledged to me that the same was the act of the said , a corporation, that he/she was duly authorized to perform the same by appropriate resolution of the board of directors of such corporation and that be/she executed the some as the act of such cotpmadon for the purposes and consideration therein expressed, and in the capacity therein stated, GIVEN UNDER MY HAND AND SEAL OF OFFICE, this day of Notary Public, State of Texas My Commission expires on the — day of ,19 , 19_ Twma Department of Transportation Form D-13-14 Page 3 of 3 Rev 9191 After recording please return this instrument to: I ti � o 9 c d � o �a a rl'z E° A e as CERTIFICATE OF RECORDING THE STATE OF TEXAS, COUNTY OF �a EXHIBIT "A" County De01on Page 2 of 2 Highway U.S. 77 Project Limits. From I.H. 35 Rev November 28, 1994 To U.S.390 CSJ 0195.02_ Account FIELD NOTES FOR PARCEL Z$ (6) THENCE southeasterly along the new north right of way line of U S 77, and along said curve to the right, through a delta angle of 000 31' 31 ", an arc distance of 26 82 feet, and hawnq a chord which bears S 570 55' 50" E, a distance of 26 82 feet to a set 5/8-Inch iron r, v th an aluminum cap, (7) THENCE N 760 24' 31" E, along the new north right of way line of U S 77, a distance of 29 99 feet the POINT OF BEGINNING, and containing 0 178 acre, or 7,755 square feet of land, more or less John F Wilder, R P L.S. Texas No 4285 Date 0-24E1 REV