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1990-114ORDINANCE NO. 9& _JZI AN ORDINANCE APPROVING A CONTRACT PROVIDING FOR THE PURCHASE OF REAL PROPERTY FROM LILLIAN IRENE QUESENBERRY; AND PROVIDING FOR AN EFFECTIVE DATE. THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: SECTION I. That the City Council of the City of Denton, Texas, approves the contract providing for the purchase of the real property described in the contract attached hereto, between the City of Denton and Lillian Irene Quesenberry. SECTION II. That the City Council authorizes the Mayor and City Manager to execute any and all documents necessary to consummate the purchase of real property in accordance with the contract. SECTION III. That the City Council authorizes the expenditure of funds in the amount of Thirty-Five Thousand and No/100 Dollars ($35,000.00) for the purchase price of said property and any additional closing costs which may be incurred in the purchase. SECTION IV. That this ordinance shall become effective immediately upon its passage and approval. PASSED AND APPROVED this the day of , 1990. ATTEST: JENNIFER WALTERS, CITY SECRETARY BY: AP VED TO LEGAL FORM: DE A. DRAYOVITCH, CITY ATTORNEY BY: r~Q a~C~~fa~AA9 - C ` 49061 BOB CASTLEBERRY, MAYOR THE STATE OF TEXAS § CONTRACT FOR PURCHASE OF REAL PROPERTY COUNTY OF DENTON § This agreement is made on the _ " day of , 1990, by and between the City of Denton, Texas, a m icipal corporation, hereinafter referred to as Purchaser, and Lillian Irene Quesenberry, Denton, Texas, hereinafter referred to as Seller. It is agreed as follows: 1. Agreement To Sell and Purchase. Seller agrees to sell to City and City agrees to purchase from Seller, upon the terms and for the consideration set forth in this agreement, all that certain real property (hereinafter called the "property"), situated in the City of Denton, County of Denton, State of Texas and described as follows: Being all that certain tract or parcel of land situated in Denton County, Texas, and being a part of Subdivision No. 22 of the B.B.B. & C.R.R. Co. Survey, Scrip No. 111, Abst. #185, and BEGINNING at a point on the South line of the Texas and Pacific right-of-way, where the East boundary line of Lot 23 and B.B.B. & C.R.R. Co. Survey intersects said right- of-way; THENCE South with the East boundary line of Lots 23 and 22, 390.5 feet; THENCE in Northwest direction, 408 feet to the South boundary line of the T. & P. right-of-way with road; THENCE in a Northeast direction with the South boundary line of said right-of-way, 502 feet to the place of beginning, containing 1.75 acres of land, more or less. 2. Escrow Agent. Lawyer's American Title, 512 W. Hickory, Suite 112, Denton, Texas, is hereby designated as escrow agent and the Purchaser, on execution of this agreement, shall pay the escrow fee. 3. Purchase Price. The total purchase price of Thirty-Five Thousand and No/100 Dollars ($35,000.00), which sum shall be the sole compensation due Seller for any and all claims of any description whatever arising out of the Purchaser's acquisition or use of the property for public purposes, is to be payable to Lawyer's American Title, as escrow agent as follows: 1 ~~X (a) One Thousand and No/100 Dollars ($1,000.00) on the execution of this agreement, payable to Lawyer's American Title as earnest money. (b) The balance, in cash at closing on delivery to the escrow agent of a general warranty deed with full covenants, duly executed in proper form for recording so as to convey to the Purchaser a good and marketable record and title to the land free and clear of all recorded and unrecorded liens, assessments, leases, taxes, and encumbrances, restrictions and conditions, except public easements and rights-of-way of record. Purchaser shall take possession on the date of closing. 4. Title Insurance Policy. The Seller agrees, prior to the closing, to procure at the Purchaser's cost, from Lawyer's American Title, or another title company of Seller's choice acceptable to the Purchaser, a preliminary title report agreeing to ensure marketable title to the Purchaser in the full amount of the purchase price and to obtain such policy to be issued by Lawyer's American Title, or such other approved title company. 5. Effect of Defective Title. Should the title prove defective in the opinion of the Purchaser's attorney, then such defect shall be pointed out in writing by letter delivered to the Seller after the delivery of such preliminary title report, and the Seller shall have thirty (30) days thereafter in which to cure such defects or, if agreed to by Purchaser in writing, prior to closing. 6. Fees, Charges and Costs. The Purchaser shall pay all recording fees, title searches, reconveyance fees, trustees' fees, forwarding fees for any full reconveyance of any deed of trust, and the premium charged for any policy of title insurance arising out of this transaction. Seller shall be responsible for the payment of all delinquent ad valorem property taxes, along with penalty and interest thereon, and the payment of ad valorem taxes for the current tax year, prorated to the date of closing. 7. Inability to Convey Title. In the event Seller is unable to convey good and marketable record and title to the land as provided for herein in the opinion of the Purchaser, then this agreement shall terminate and any amount tendered by Purchaser shall be returned to Purchaser. 8. Closing Date. The transactions shall be closed on or before one hundred eighty (180) calendar days from the date of acceptance of this agreement by the Seller and Purchaser, or at such other time as the parties may mutually agree, at the office of CONTRACT FOR PURCHASE OF REAL PROPERTY/Page 2 the escrow agent or at such other location as is mutually agreeable to the parties herein. 9. Integration. This agreement constitutes the entire agreement between the parties and neither party relies upon any warrants or representation not contained herein. In witness whereof, the parties have executed this agreement on the date first above written. CITY OF DENTON, PURCHASER BY:~ BOB CASTLEBERRY, MAYO ATTEST: JENNIFER WALTERS, CITY SECRETARY BY• J AP OVED AS TO LEGAL FORM: DEBRA A. DRAYOVITCH, CITY ATTORNEY BY:~ LILLIAN IRENE QUESENBERRY, SELLER d 1 CONTRACT FOR PURCHASE OF REAL PROPERTY/Page 3 THE STATE OF TEXAS § COUNTY OF DENTON § This instrument was acknowledged before me on the 1,5'' day of 1990 by Bob Castleberry, Mayor of the City of Denton, Texas, a Municipal Corporation, on behalf of said Municipal Corporation. ELMAMBNNoEoJFcm f~'~ or +A°° M➢ Coins. M (NOTARY PUBLI~/-, STATE OF TEXAS THE STATE OF TEXAS § COUNTY OF DENTON § Th's instrument was acknowledged before me on cv sf day of ~C[ 1990 by Lillian Irene Quesenberry. z°` Y ROGER N. WILKtNS®N j Nahry PW*, fate of Texas ~t~pd fq ~L NO IYUBLIC, STATE OF TEXAS quesenb.k CONTRACT FOR PURCHASE OF REAL PROPERTY/Page 4 2251 Prepared b% the State Bar of Texas for use b% law} ers onh . VOL 2 8 3 C Revised 10-85 •J P~l 0 90 h, tht Stem Bnrot I.1.i. WARRANTY DEED Date: August 16, 1990 r • Grantor: LILLIAN IRENE QUESENBE.PRY- yi i- Grantor's Mailing Address (including county): 2,5@1' N. )11 Avid. • Dsiton Conty w .<:Di 01~ T txas 7201 Grantee: THE CITY OF DENTON f l Grantee's Mailing Address (including county):-~ ;E: McKinney , " 4)tAt~n County 'pentpn, Txas 76201 Consideration: THIRTY-FIVE THbUS'ANDr 'AND NO1100 DOLLARS ($35,000.00) Property (including any improvements): Being all that certain tract or parcel of land situated in Denton County, Texas, and being a part of Subdivision No. 22 of the B.B.B. & C.R.R. Co. Survey, Scrip No. 111, Abst. #185, and BEGINNING at a point of the South line of the Texas and Pacific right-of-way, where the East boundary line of Lot 23 and B.B.B. & C.R.R. Co. Survey intersects said right-of-way; THENCE South with the East boundary line of Lots 23 and 22, 390.5 feet- THENCE in Northwest direction, 408 feet to the South boundary line of the T. & P. right-of-way with road; THENCE in a Northeast direction with the South boundary line of said right-of-way, 502 feet to the place of beginning, containing 1.75 acres of land, more or less. Reservations from and Exceptions to Conveyance and Warranty: All easements and rights-of-way filed of record in the deed records of Denton County. Grantor, for the consideration and subject to the reservations from and exceptions to conveyance and warranty, grants, sells, and conveys to Grantee the property, together with all and singular the rights and appurtenances thereto in any wise belonging, to have and hold it to Grantee, Grantee's heirs, executors, administrators, successors, or assigns forever. Grantor binds Grantor and Grantor's heirs, executors, administrators, and successors to warrant and forever defend all and singular the property to Grantee and Grantee's heirs, executors, administrators, successors, and assigns against every person whomsoever lawfully claiming or to claim the same or any part thereof, except as to the reservations from and exceptions to conveyance and warranty. When the context requires, singular nouns and pronouns include the plural. VOL2835 PG P382 (Acknowledgment) STATE OF TEXAS COUNTY OF DENTON This instrument was acknowledged before me on the by LILLIAN IRENE QUESENBERRY JANE ALSUP Natary Publlc, State of Texes ^~Z"~,~, My Cumm. Expires 3-12-92 STATE OF TEXAS COUNTY OF day of 15~~L7 Notary . State of Texas Not s name (printed): Notary's commission expires: (Corporate Acknowledgment) This instrument was acknowledged before me on the by of a corporation, on behalf of said corporation. day of Notary Public, State of Texas Notary's name (printed): Notary's commission expires: AFTER RECORDING RETURN TO: THE CITY OF DENTON 215 E. MCKINNEY DENTON, TEXAS 76201 i ~ CT% r . M _ ..r c:-) E-) CD Ll- C' J CD CID } C tit c N 2 w. $ x 19 ~G 19 PREPARED IN THE LAW OFFICE OF: 6