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1999-267AN ORDINANCE APPROVING A REAL ESTATE CONTRACT BETWEEN THE CITY OF DENTON AND ETTA JEAN HENSLEY, RELATING TO THE PURCHASE OF 0 430 ACRES OF LAND FOR THE EXPANSION OF U S HIGHWAY 77 (PARCEL 33G), AUTHORIZING THE EXPENDITURE OF FUNDS THEREFORE, AND PROVIDING AN EFFECTIVE DATE THE COUNCIL OF THE CITY OF DENTON, TEXAS HEREBY ORDAINS SECTION 1 That the City Manager is hereby authorized to execute a Real Estate Contract between the City and Etta Jean Hensley, m substantially the form of the Real Estate Contract which is attached to and made a part of th~s ordinance for all purposes, for the purchase of 0 430 acres of land for the expansion ofU S Highway 77 (Parcel 33G) SECTION 2 That the C~ty Manager is authorized to make the expenditures as set forth in the attached Real Estate Contract SECTION 3 That this ordinance shall become effective immediately upon ~ts passage and approval PASSED AND APPROVED thls the ~/day of ~~"- ,1999 J,~I~[ILLER, MAYOR ATTEST JENNIFER WALTERS, CITY SECRETARY HERBERT L PROUTY, CITY ATTORNEY REAL ESTATE CONTRACT STATE OF TEXAS COUNTY OF DENTON THIS CONTXACT OF SALE is made by and between ETTA J~AN HENSLEY (hereinafter referred to as "Seller") and CITY OF DENTON, TEXAS, & 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 end upon and subject to the terms, provisions, and conditions hereinafter set forth. Seller shall pay ell 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 Sept-m~er 30, 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 scm of $23,029.00. 2. Pa?ment of Purchase Price. The full amount of the Purchase Price shall be payable in cash at the closing. PURCHASERtS 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 comitment (the ,Co~mitment,,) 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 C~---~tment that the condition of title as set forth in the Co~mitment 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 purposesp 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 improvuments, 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 shell, at Seller's option, prumptly 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. AEE008FE PAGE 2 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 co~plied with by Seller prior to or as of the closing. 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 az 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 emended, and the Comprehensive Environmental Response Compensation and Liability Act (CERCLA), as emended. CLOSING The closing shall be held at the office of Dentax Title Company on or before Septe~nber 30,1999, 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"). AEE008FE PAGE 3 CLOBZNG RBQUZRBMENTS 1. Seller's Reauirements. At the closing Seller shall~ A. Deliver to State o£ Texas, acting by and through the Texas Transportation Commission a duly executed and acknowledged Deed and Drainage Easement Documents in the £orms as attached hereto as Exhibit ~B" conveying good and marketable title to all o£ the Property, £ree and clear o£ any and all liens, enc,,m~rances, conditions, easements, assessments, and restrictions, except for the £ollowing~ 1. General real estate taxes for the year of closing and subsequent years not yet due and payablel 2. Any exceptions approved by Purchaser pursuant to Purchaser's Obliaations here- o£1 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 Dentax Title Con, any, 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 subject only to those title exceptions listed in Closina Reauirements 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, howevers 1. The boundary and survey exceptions shall be deleted if required by Purchaser and if so required, the costs associated with same shall he borne by Purchaser~ 2. The exception as to restrictive cove- nants shall be endorsed "None of Record"~ AEE008FE PAGE 4 3. The exception for taxes shall be limited to the year of closing and shall be endorsed SNot 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. Purohaser,s Reauirements. Purchaser shall pay the consideration as referenced im the "Purchase Price" section of this contract at Closing in imediately &vailable funds. 3. ~. Seller shall pay all taxes assessed by an7 tax collection authority through the date of Closing. All other costs and expenses of c]osing in constmmmting the sale and purchase of the Property not specifically allocated herein shall be paid by Purchaser R~AL ESTATE COMMISSION All obligations of the Seller and Purchaser for payment of brokers' fees are contained in separate written agreements. EREAC~I BY SELLER In the event Seller shall fail to fully and timely perform any of its obligations hereunder or shall f&il to cons,,-w, mte the sale of the Property except Purchaser's default, Purchaser may either enforce specific performance of this Agreement or terminate this Agreement b~written notice delivered to seller. BREACH BY PURCHASER In the event Purchaser should fail to conel,--e%te the purchase of the Property, the conditions to Purchaser's obligations set forth in PURCHASER'S OBLIGATIONS having been satisfied end Purchaser being in default Seller may either enforce speci£ic perforatanoe o£ this Agreement, or terminate this Agreement by written notice delivered to purchaser. AEE008FE PAGE 5 MISCELLANEOUS 1. Assl~mment of Aareement. This Agreement may 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 end benefits of the parties, pertaining to a period of time £ollowing 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 si~nature of the party. 4. Texas Law to ADDIv. This Agreement shall be construed under and in accordance with the laws of the State of Texas, and ell obligations of the parties created hereunder are performable in Denton County, Texas. 5. Parties Bound. This Agreement shall be binding upon end inure to the benefit of the parties and their respective heirs, executors, administrators, legal representatives, successors and assigns where permitted by this Agreement. 6. Leas1 Construction. In case any one or more of the pro- visions contained in this Agreement shall for any reason be held to he invalid, illegal, or unenforceable in any respect, said validity, illegality, or unenforceability shell not affect any other provision hereof, and this Agreement shall be construed es if the invalid, illegal, or unenforceable provision had never been contained herein. 7. Prior A~reements Sunerseded. 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 is of the essence in this Agreement. AEE008FE PAGE 6 9. ~ender. 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 reguest 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 exemined by an attorney of Purchaser's own selection. 12. Time Limit. In the event a fully executed copy of this A~reement has not been returned to Purchaser within ten (10) days after Purchaser executes this A~reement and delivers same to Sel- ler, Purchaser shall have the right to teminate this Agreement upon written notice to Seller. SELLER PURCHASER %em.l r J 215/E. McKinney__ Denton, Texas 76201 AEE008FE PAGE 7 STATE OF TEXAS COUNTY OF DENTON Th instr ant is acknowledged before me, on this__ ~ 1999 by Michael W. Jez, City Manager, of the City of De~on,'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, & 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 of the said City for p~oses and consideration the therein expressed, and in the capaci~erei~tated../ ~ Notak7 Public in ~nd for  the State of Texas STATE O' CO~N'~Z OF Th~s,instrument is acknowledged before me, on this ~/" day of ~ fy , 1999 by Etta Jean Henslev. / *,olary Pubhc LI t'~ P C in an ,](ornfftl%~lorl '~ Z.f-~ the State of Texas AEE008FE PAGE 8 EXHIBIT 'A° County Denton Page 1 of 2 Parcel 33Q Highway U.E. 77 D-15- PmJeet Emits' From ~ Octob~-, 1996 Account' LEGAL LAND DEBCRIPTION FOR PARCEL 33G BEING A 0.480 ACRE PARCEL OF LAND BITUATED IN THE B.B B, & O. R R 8'URVEY, ABBTRACT NO, 186, IN DENTON COUNTY, TED(AB, AND BEING A PART OF A CAI i ~ 1.~g ACRE TRACT OF LAND CONVEYED TO JERRY RAY MARTIN AND QUEVA E~ MARTIN BY INSTRUMENT OF RECORD IN VOLUME 3178, PAGE 918, OF THE DEED RECORDS OF DENTON COUNTY, TEXAB (DRDCT). AND BOUNDB 'AB FOLLOWB: 8AID 0.480 ACRE TRACT BEING MORE PARTICULARLY DESCRIBED BY METES COMMENCING for referanoe at · 1/2-Inch Iron r~l found et the southeast comer of said Jerry Ray Martin tract, same being In the Weet line of that sartaln tract conveyed to Betty Ruth Davis Jackson end Joyce Davis Brenhoitz (Jaoksan/Bronhollz) by Inalmmont of record In Volume 1181, page 104 DRDCT; THENCE N 00° $1' 18' E, along the onmmon line between said Jerry Ray Martn tract ,=nd said Jacksan/Bronholtz tract, a distance of 7g.66 feet to a sat ~8-1neh Iron rod with an aluminum disk marked Tex~s Department of Transportation (TXDO'r) for the POINT OF BEGINNING; said point being on the new southwesterly right-of-way line of U.B Highway 77, (1) THENCE N 88' 11' 37- W, along the new southwesterly right of way line of U.B. Highway 77, a distance of 340.84 feet to a eat 8/8.inah iron rod with an aluminum dl~k marked TXDOT in the aommon llne between said Jany Ray Martin tract end a called 1 I~9 -,ore treat conveyed to R D. Martin by instrument of record In File Volume 0178, page 886 DRDCT, (2) THENCE N 01° 34' 17' E, along said common line, a distance of 63 44 feet to e 1/2-inch iron red found for the northweet ~Omer of said Jeny Ray Martin tract, same being in the existing southwesterly right-of- way line of U.8. Highway 77; (3) THENCE B ~8" 18' 32' E, along the eealerly line of said Jerry Ray Martin tract and the existing eouthwecteriy right, of. way line of said U.E. Highway 77, a distance of 339 44 feet to · 1/2-inch iron rod found et the northeast comer of said Jerry Ray Martin tract; (4) THENCE B 01° 48' SO" E, along the eealeriy line of said Jerry Roy Martin tract and said right-of, way line, a dlalanoe of 4.82 feet to · 1/2-Inch Iron rod found; EXHIBIT 'Ao Couniy Denton Page 2 of 2 Paroel 33G Highway U.8. 77 D-IS- Project Umita~ From LH. 35 October, 1996 To Cad. Acoount' (5) THENCE B 00' 51' 18' W, continuing along the eaet line of said Jerry Ray MaMn tract, a distance of $6 88 foot to the POINT OF BEGINNING, ,=nd oontalnlng 0 430 acre, 18,722 square feet, more or le~e of land area within these mete8 and bound8 A plat of even eunmy data herewith aeeompanlsa thio deacrlptlon SURVEYED ON THE GROUND OCTOBER, 1996 ESPEY HUeTON & A88OCIATEB, INC. Q. Oennla-Q"Taalle, R.P I.'~. Te0me Regletmtlon No 427g Data