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1996-152AN ORDINANCE OF THE CITY OF DENTON, TEXAS, AUTHORIZING THE CITY MA/NAGER TO EXECUTE A CONTRACT BETWEEN THE CITY AND RED DEVELOPMENT, LLC FOR THE PURCHASE OF REAL PROPERTY FOR LANDFILL EXPANSION, AUTHORIZING THE EXPENDITURE OF FUNDS, AND PROVIDING FOR AN EFFECTIVE DATE THE CITY COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS SECTION I That it approves the attached agreement between the City of Denton and RED Development, LLC for the purchase of real property for landfill expansion and authorIzes the City Manager to execute the agreement on behalf of the C~ty ~ That it authorizes the expenditure of funds in accordance with the terms of the agreement SECTION III That this ordinance shall become effective immediately upon its passage and approval PASSED AND APPROVED th~s the ~/~ day of ~-J~, , 1996 ATTEST JENNIFER WALTERS, CITY SECRETARY APPROVED AS TO LEGAL FORM HERBERT L PROUTY, CITY ATTORNEY ALL of that certaln tract or parcel of land situated in the Gideon Walker Survey, Abstract 1330, Denton County, Texas, being part of a (called) 61 67 acre tract of land described an a deed from O R Sullivan to H S Rhine on January 5, 1943, recorded in Volume 297, Page 584, Deed Records of sald County and being more fully described as follows BEGINNING at the northwest corner of sa~d 61 67 acre tract of land ~n Edward's Road, THENCE south 86° 53' east along and near a fence a distance of 1412 5 feet to a fence corner at the northeast corner of sa~d 61 67 acre tract, THENCE south 2° 14' west along and near a fence a d~stance of 370 04 feet to a point for corner, THENCE north 86° 53' 00" west a distance of 1420 36 feet to a point in the west l~ne of said Brock~e tract, THENCE north 3° 27' 00" east wlth the west line of said tract 300 0 feet to the Point of Beginning and containing 12 0310 acres of land KEAL ESTATE C~CT STATB OP T~XAS § COUNTY OP DENTON T~IS CONTRACT OF SAL~ iS ma~e byrd between ~D Development, ~C (hereinafter referre~ to as "Seller~) and CI~ OF D~, TE~, a ~me ~le municipality, of Dent~, Denton County, Te~, (hereinafCe~ ~efe=~e~ to as ~Purchaser'), upon the te~e co~C~one set forth herein. Seller hereby Belle and agrees =o convey (if its aon~ract of sale w~t~ Ja~e L Brockie, ~ted June 21, 1996, closes and th~ places title ~n Seller of the property described in ~xhlb=t A ~o Chis oonCraot with rights and privileges sufficient ~o meet representations, refinements and warranties r~lred of Seller ~rein) ~d ~rohaser hereby purchases &nd agrees =o pa~ for, the tract of l~d in Denton, Denton County, Texas, being ~a~Loularl~ descried in E~ibi= A at=ached hereto noo~orated herein by ~eference for all pu~oses together with all ~d sin~lar the rights and appurtenances pertaining =o the prop- erCy, including any right, title and interest of Seller in and adJaaent streets, alleys or rights-of-way (all of such real prop- erCy, rights, ~d appurtenances ~ng hereinafter re~erred =o as ~he ~Property~), together with any improvements, fix~ures. ~d per- consi~ration ~ upon and s~Jec= to the =e~s, pr~msxons, ~d con~Cio~ hereinafter se~ 1. ~o~ o~ Purchase_Price The purchase price for ~he Prope=Cy shall be ~he sum o~ $100,000.00 of which $1,000.00 shall be de.sited as eeor~ wi~h Ba~ and Widmer a~ 9atrial paint 2. Pa~ent o~ ~rchaae ~r~ce The ~ull *mount of uhe ~rc~ee P~ER'S OBbIGATIONS The obligations of Purchaser hereunder =o consulate the ~ran~- actions contemplated hereby are e~ject to the satisfaction of each of t~e following conditions any o~ which may be waived in whole or in part by Purchaser a~ or prior to uhe closing I prel~m~na~ Title Re~rt W~thin twenty {20) days after =he ~e hereof, Seller. a~ Seller'~ sole cost and expense, shall hays caused =he Tiule Company (hereinafter defined) ~o issue a pre- limi~ry title re~rC (=he .Title Report") accompanied by copies of ed documents relating to easements, rights-of-way, etc , a£faoting the Property. Purchaser shall give Seller written notice on or before the axp~ration of ten (10) days after Purchaser ceives the Title Report that the cond~tion of title as set forth in tho title binder is or is not satisfactory, and in the event Pur- chaser states the condLtion is not satisfactory, Seller m~y, seller's option, promptly undertake to eliminate or modify unacceptable matters to the reasonable satisfaction of Purchaser. In the event seller is unable to do so w~thin ten (10) days after receipt of written notice, Purchaser may terminate this Agreement by w~ltten notice to Seller, and this Agreement shall thereupon terminate for sll purposes and the Escrow Deposit shall be forthwith returned by the Title Company to Purchaser; othorw£sa, this condi~ion shall be deemed to be acceptable and any objection thereto sh&11 be deemed to have been waived for all purposes. 2 ob~an. Purchaser may, at Purchaser's sols cost and a current survey of the Property, prepared by axl~aneo, duly licensed Texas land surveyor acceptable to Purchaser. The survey shall be staked on the ground, and shall show tho location of 811 i~=ovements, highways, streets, roads, railroads, rivers, crooks, or other water covrsee, fences, easements, and righta-of- wa~ on or ad]scent to tho Property, if any, and shall contain the surveyor'e certification that ~hera are no encroachments on the Pro~wty and shall set ~orth =he number of total acres comprising tho Property, together with a metes and bounds description thereof. Purchaser shall delLver a copy of the survey to Seller Purchaser will have ten (5) days after receipt o~ the survey to review and approve ~he survey. In =he event the survey unacceptable, than Purchaser shall w~th~n the ten (S) day period, give seller written notice of thzs Eact Seller may, aC Seller's option, promptly undertake to eliminate or modify tho unacceptable po==ions of the survey to the reasonable satisfaction of Purchaser. In tho event Seller is unable to do so within ten (5) days after reoezpt of written notice, Purchaser may terminate this ~raement, an~ the A~reemen~ shall thereupon be null and void for all purposes sn~ tho escrow Deposit shall b~ returned by ~he Title Compan~ Purchaser. Purchaser's failure to give seller this written notice shall be deemed to be Purchaser's acceptance of the survey 3. seller's Comullance Seller shall have performed, served, and complied with all of ~he covenants, agreements, and conditions required by this Agreement =o be performed, observed, and co~pliad with by Seller prior to or as o£ =he closing. REPRESENTATIONS AND WARP~NTI~S O~ To the best of Seller's knowledge, 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 olos~n~ PAGE 2 1. There are no par=isa in possession of any portion of the Propewty as lessees, tenants at sufferance, or trespassers. 2. Except for tho prior actions of Purchaser, there is no pen~ing or threatened condemnation or similar proceeding or asses- smelt affecting the Property, or any part thereof, nor to the beet knowle~eand belief of Seller is any such proceeding or assessment 3. Sellew has oom~lied with all applicable laws, ordinances, regulations, statutes, rules and restrictions relatxng to the %. To the beet of =he seller's knowledge, =here are no toxic or haeardous wastes or materials on or within the Property. ~uoh toxic o= hazardous wastes or materxale include, hut ara not limited to~ hazardous materiels or wastes as same are defined by the Resource Conservation and Recovery Ac2 (RC~A), aa amended, a~ 2~ Co~prehensive~vironmsntalP, eeponee Compensation and LiabilicyAot (C~R(]LA), me amended In the event any such toxic or haeardous wastes or mntarials are found upon the Property and reasonable xnves~igation by geller would have discovered such toxxc or hazardous waste, and the same is not a result of mL~ration thereof from Purchaser's ad~oining property, the Seller sh~ll be responsible for the expense of removal of these wastes or materials upon receipt of written notice of the presence or ~hese wastes or ma~ariala. CLOSING The 0losing shall be held at the office of ~, $13 W. Oa~, on or before .... 19960 or a~ such title ~on~pany, ~ime, date, and place ae Seller and Purchaser may mutua11~ agree upon (which date is herein referred to as the "cloe£ng date") CLOSINO REQUIREMF~NT$ 1. Seller's ~eouiremente At the closing Seller sha11~ A. Deliver to Purchaser a auly executed and acknowledged General Warranty Deed conveying good and marketable ti=la In fee ~i~ple =0 all of the Property, free an~ clear of ~y ~d all liens, encu~rances, con~ltxons, ease~n~s, assese- ~n=s~ and res=rxo~ions, except for ~he foll~ing: 1. ~neral real es=a~e =axe~ for ~he year due ~ payable~ 2. ~y exceptions approved by Purc~eer PAOE 3 pursuant to Purchaser's 0bll~ations here- of, and 3. Any exceptions approved by Purchaser B. Deliver to Purchaser a Texas Owner's Ti=la Policy Seller's sole expense, issued by (the "Title Company"), or such ti=la company as seller and Purchaser may mutually agree upon, in Purchaser's favor the full amount of =he purchase price, insuringPurshasar's fee simple ri=la to the Property subJec= only to =hose such other excep=ions as may be approved in wri=ing by l~rchaser, and the standard printed excep=ions con=ained ~n =he usual for~ o~ Texas Owner's Title Policy, provided, however~ 1. The bo~mdary and survey sxceptlon~ shall be deleted i~ required by Purchaser and if so requirsd, the cos=s associated with same shall be borne by Purchaser, and 2 The exception as =o restrictive cove- nan=a shall be endorsed .None of Record" excepC ~or any approved as listed ~n ~losina Reou~rements~ 3 The exception ~or taxes shall be l~mi=ed =o =he year of closing and shall be endorsed #No= Ye= Due and Payable"~ and 4 The exception aa to liens encumbering the Property shall be endorsed "None of Record." C. Dellver =o Purchaser possession o~ the Property on ~he day of closing 2. Puroha~*~'e Reauiremente Purchaser shall pay the full cash purchase price at closing in immediately available funds less a~ount escrowed as partial payment 3. ~ seller shall pay all taxes assessed by any =ax ~urisdic=ion through the data of closing All o=her cos=s and expenses of closing in consumma=ing the sale and purchase of =he Propar=y not specifically allocated herein shall be equally shared by Purchaser and seller PAGE 4 RF2%L ESTATE COMMISSION Any reel estate commis~ions ~ecaeioned_by 9he consummation of this Agreement shall be the sole responsibility of Seller, and iellew &~eee ~o indemnify and hold harmlese Purchaser from any and all olaim~ for these commissions BREACH BY ~ELLER In the event Seller shall fail to fully and timelF perform any o£ its obligation, hereunder or shall fa~l to consummate the sale of the pro~ex~y except Purchaser's default, Purchaser may either enforce specific performance of this Agreement or terminate this Agreement and Seller shall re~urnpartial payment. BREACH EY Pb'~CHA~E~ In the event P~rchaeer should fail to consummate the purchase o~ =ha Property, the conditions to Purchaser's obligations set forth in PURCHASER'S 0ELI~ATIONS herin9 been satisfied and P~roheeer being in default Seller may e~ther enforce specific ~er£orma~ce of this Agreement, or terminate this Agreement MISCELLANEOUS 1. ~e~nment of Aureement This Agreement may not be assigned by Purchaser wzthout the express written consent of 2. Eurv~val o~ Covenant~ Any of the representatio~s, war- r&~iee, covenants, and agreements of the parties, as well as any rights and benefits of the parties, pertaining to a period of time following the closzng of the transactions contemplated hereby shall survive the closing and shall not be merged therein. ~. Not~ce Any notice required or permitted to be delivered hereunder shall be deemed received when sen= by Un,ted States mail, postage prepaid, certified mail, re~urn receiDt requested, addres- sed 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 ~he laws of the S~a~e of Texas, and all obligations of the parties created hereunder are performable in Den=on County, Texas 5 ~. This Agreement shall be binding upon and in, re to the benefit of the par=les and their respective heirs, executors, administrators, legal representatives, successors end  permitted by this Agreement PA~E ~ . ~n oas~ ~y one or more of the pro- visions contained in thieAgreement snaAa for any reason be held to be Anvalid, illegal, or unenforceable in any respect, said va~ldity, illegality, or unenforceability shall not affect any other provisxon hereof, and th~ Agreement s~iob~n cons:r~ed aa if the invalid, illegal, or unenEorcsa~Ae pro · had never been contaAnedherein. T. ~rior A~reemen~s ~uDersedsd. Thxs Agreement =he sole and only agreement Of ~he par=lee and supersedes an7 understandings or w~itten or oral agreements between the parties ~ee~e~ing the within subject ma~:er. ~. ~ Time is of the essence in this Agreement. 9. ~an~e~. Words of any gender used xn thisAgreement shell Me held an~ construed us include any other gender, and words an :he singular number shall he held to include the plural, and versa, unless the context requires otherwise 10. ~m~randum o: Contract. Upon request of el:her b~h parties shall promptly execute a memorandum o£ this/~reement suitable for £iling of record 11. ~&~ In accordance with the requxrsments o~ the Texas Real Estate License Act, p~rchase~ ~s he~ehy ~dvieed tmhca: it should be furnished with or ob:axn a polxcy ox tl~Ae xnsuran or Purehaaer should have the aba:tact covering ~he Property examined by an attorney of Purchaser's own selectmen 1~. ~ In the event a :ully executed copy of this A~reemsnt has not been returned to Seller within thirty (30) after Seller executes this Agreement and delzvers same to ~urehaser, geller shall have :he rmght to terminate this &greemant up~a written notxce to Purchaser /~ DATED ~hi, ~__ day o~ /~ , 1996. R~O D~W~OPM-~T//~F/ T~ CZTY o~ D~TO~, T~XAS By~~j~, jr BY~~Ted City Manager 21~ E MoKinney Denton, Texas 76201 PAGE 6 ~pROVED ~ TO LEGAL HERBERT L. PROIFTY, CTT¥ ATTOI~TEY -- COUNT~OF D~I'ON ~ Th~s instrument was acknowledged before me on this day of , 1996 by Joseph J. Tallal, Jr. Not'My Public in and'for Texas STATE OF TEXAS § COUNTY OF DENTON § Thxs inst~Ament is acknowledged before me, on this day Of , 1996 by Ted Benavldes City Manager, of the City of Denton, a municipal corporation, known to ma to be the person and officer whose name is subscribed to the foregoxng xnetrument and acknowledged to me that the same was the act of the said City of Denton~ Texas, a municipal corporation, that he was d~ly authorized to perform the same by appropriate ordxnance of the Ci=y Oouncil of the City of Denton and that he executed =he same as the act of the said City ~or purposes and cons~deration therein expressed, and in the capacxty therein stated Notary Public in and for Texas PAGE