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2001-121 NO / AN ORDINANCE APPROVING A REAL ESTATE CONTRACT BETWEEN THE CITY OF DENTON AND BETTY RUTH DAVIS JACKSON AND JOYCE DAVIS BRENHOLTZ BISHOP RELATING TO THE PURCHASE OF APPROXIMATELY 0 421 ACRE OF LAND BEING LOCATED IN THE B B B & C R R SURVEY, ABSTRACT NO 186 OF DENTON COUNTY, TEXAS FOR THE US HIGHWAY 77 PROJECT, WITH TITLE VESTING IN THE STATE OF TEXAS, AUTHORIZING THE EXPENDITURE OF FUNDS THEREFOR, AND PROVIDING AN EFFECTIVE DATE (PARCEL 36) THE COUNCIL OF THE CITY OF DENTON, TEXAS HEREBY ORDAINS SECTION 1 The City Manager, or his designee, ~s hereby authorized to execute a Real Estate Contract between the C~ty of Denton and Betty Ruth Daws Jackson and Joyce Daws Brenholtz B~shop m substantially the form of the Real Estate Contract whmh ~s attached to and made a part of ttus ordinance for all purposes, for the purchase of approxxmately 0 421 acre of land for the U S H~ghway 77 ProJect, w~th role vesting in the State of Texas SECTION 2 The City Manager, or h~s designee, ~s authorized to make the expenditures as set forth ~n the attached Real Estate Contract SECTION 3 Thru orthnance shall become effective ~mmedmtely upon ~ts passage and approval PASSED AND APPROVED ttns the rT~'~ dayof ~t~e/~, ,2001 EUL1NE BROCK, MAYOR ATTEST JENNIFER WALTERS, CITY SECRETARY APpR(~JvED Al T~FO LEGAL FORM HERBERT L PROUTY, CITY ATTORNEY BY ~ ..... REAL ESTATE CONTRACT STATE OF TEXAS COUNTY OF DENTON THIS CONTRACT OF SALE is made by and BETTY RUTH JACKSON and JOYCE DAVIS BRENHOLTZ BISHOP (hereinafter referred to as "Seller") end CITY OF DENTON, TEXAS, a home rule municipality, of Denton, Denton County, Texas, (hereinafter referred to as "Purchaser"), upon the tera%s and conditions set forth herexn 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 ~nterest of Seller ~n 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 person&l 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, reinstallatlon, reconstruction, labor and materials for any and/or ~mprovements located within the property descrlbed in Exhibit "A". Any · mprovemente not removed by April 30, 2001 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 $36,662 00 2. Payment of Purchase Przce. The full amount of the Purchase Price shall be payable in cash at the closing. PURCHASER'S OBLIGATIONS The obligatzons of Purchaser hereunder to consunm~te the transactions contemplated hereby are subject to the satisfaction of each of the following conditions any of which may be waived xn whole or in part by Purchaser at or prior to the closzng. DISK 5 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 "Comitment") 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 Com~itment that the condition of title as set forth in the Commitment is or is not satisfactory. In the event Purchaser states the condition of t~tle 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 accept&bls 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 ~s 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 th=s 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 PAGE 2 conditions required by this Agreement to be performed, observed, and complied 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 as of the closing date~ 1. There are no parties an possessaon of any portion of the Property as lessees, tenants at sufferance, trespassers or other pertaes. 2. Except for the prior actions of Purchaser, there is no pending or threatened condemnation or simalar proceedang or assessment or suit, affecting title to the Property, or any part thereof, nor to the best knowledge and belaef of Seller is any such proceeding or assessment contemplated by any governmental authority. 3. Seller has complied w=th all applacable laws, ordanances, 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 toxac or hazardous wastes or materials on or wathan the Property. Such toxic or hazardous wastes or materaals ~nclude, but are not limited to, hazardous materials or wastes as s~ne are defined by the Resource Conservation and Recovery Act (RCRA), as ~unended, and the Comprehensive Environmental Response Compensation and Liability Act (CERCLA), as amended. CLOSING The closing shall be held at the office of Farst American Title Insurance Company of Texas, 1100 Dallas Drlve, Suite 112, Denton, Texas 76205 on or before Apral 30, 2001, or at such t~tle company, time, date, and place as Seller and Purchaser may mutually agree upon (which date as herein referred to as the "closing date"). CLOSING REQUIREMENTS 1. Seller's Requirements. At the closang Seller shall= A. Deliver to State of Texas, acting by and through the Texas Transportation Commassion a duly executed and PAGE 3 acknowledged Deed an the form as attached hereto as Exhibit ~B" conveying good and marketable tLtle to all of the Property, free and clear of any and all liens, encumbrances, conditions, easements, assessments, and restrictions, except for the followings 1. General real estate taxes for the year of closLng and subsequent years not yet due and payable; 2. Any exceptions approved by Purchaser pursuant to Purchaser's OblLgations here- of; and 3. Any exceptions approved by Purchaser in writing. B. Deliver to Purchaser a Texas Owner's PolLcy of Title Insurance at Purchaser's sole expense, ~ssued by First American Title Insurance Company of Texas, Denton, Texas, (the "Title Company"), or such title company as Seller and Purchaser may mutually agree upon, an Purchaser's favor in the full amount of the purchase prLce, insuring fee simple title for the State of Texas to the Property subject only to those title exceptions lasted 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 exceptLons shall be deleted Lf required by Purchaser and if so required, the costs associated with same shall be borne by Purchaser; 2. The exception as to restrlctLve 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 %. The exception as to l~ens encumbering the Property shall be endorsed "None of Record". PAGE 4 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 ta~ 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, except for Seller's attorney fees. REAL ESTATE COMMISSION All obligations of the Seller and Purchaser for payment of brokers' fees are contained in separate written agreements. BREACH BY SELLER In the event Seller shall fail to fully and timely perform any of its obligations hereunder or shall fail to consun~nate the sale of the Property except Purchaser's default, Purchaser may e~ther 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 def&ult Seller may either enforce specific performance of this Agreement, or terminate this Agreement by written notice delivered to purchaser. MISCELLANEOUS 1. Assigr~ment of A~reement. 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 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. PAGE 5 3. Notice. Any notice required or permitted to be delivered hereunder shall be deemed received when sent by Un&ted States mail, postage prepaid, certifaed mall, 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 oblig&tions of the parties created hereunder are performable an Denton County, Texas. 5. Parties Bound. Thas Agreement shall be bindang upon and inure to the benefit of the parties and thear respective heirs, executors, administrators, legal representataves, successors and assigns where permitted by this Agreement. 6. Legal Construction. In case any one or more of the pro- vasions contained in this Agreement shall for any reason be held to be invalid, illegal, or unenforceable an any respect, saad in- validity, illegalaty, or unenforceabalaty shall not affect any other provision hereof, and thas Agreement shall be construed as if the invalid, allegal, or unenforceable provision had never been contained herein. 7 Prior Agreements Superseded. Thas 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 as of the essence in this Agreement. 9. Gender. Words of any gender used an this Agreement shall be held and construed to include any other gender, and words an the singular number shall be held to include the plural, and vice versa, unless the context requires otherwase. 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 as hereby advased that at should be furnished with or obtain a polacy of tatle 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 PAGE 6 Agreement has not been returned to Purchaser wathin 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. 13. Effective Date. The term ~Effective Date" means the latter of the dates on which this Contract as signed by either Sellers or Purchaser, as indicated by their s=gnature below. If the last party to execute this Contract fails to complete the date of execution below that party's signature, the Effective Date shall be the date thas fully executed Contract as acknowledged by the Title Company. IN WITNESS WHEREOF, Seller and Purchaser have executed this contract as followsz SELLER ~ PURCHASER. BETTY RUTH DAVIS JACKSON CITY OF DENTON, TEXAS/ JOYCE DAVIS BRENHOLTZ BISHOP BETT~ R~TH DAVIS JACKSON H.,/I' 215 E McK~nn~ J FI Jlil Nota~ Publia PAGE 7 STATE OF TEXAS COUNTY OF DENTON This ins, trument is acknowledged before me, on this ~7~ day of ~)~l~a~ , 2001 by Michael W. Jez, City Manager, of the City of ~n~o-n, a municipal cor13oration, known to me to be the person and officer whose name is subscribed to the foregoing =nstrument and acknowledged to me that the same was the act of the said City of Denton, Texas, a municipal cor3oration, that he was duly authorized to perform the same by app:opriate ordinance of the C~ty Council of the City of Denton an 'that he executed the same as the act of the said City for / .rposes and con. sideration ther~_expressed, and in the capac~ there.tater/ ]/~>~'~:~ ANN FORSYTHE I Notary~ ~Publi/c for ] t,('<~/,1 NotaryPublio,$tateolTexas ~ ~,~/~] M¥OommlsaionExplma ~ the State of Texas STATE OF ~ COUNTY OF Thz~ instrument is acknowledged before me, on this /~/~ day of  , 2001 by BETTY RUTH DAVIS JACKSON ] ~1~1~1 Noa~yPubllc ~ '~otary/Publ C zn~ and for STATE OF COUNTY OF T~ ins~rument is acknowledged before me, on th~s ~ ~----day of o~-~ 2001 by JOYCE DAVIS BRENHOLTZ BISHOP. Irene J Chavez ) %~ STA~OF~CO , ~ h~Lr~ml~h~h~- I ~ - ~ PAGE 8 EXHIBIT "A" County Denton Page 1 of 1 Highway U.S. 77 Project Limits From I.H. 35 Rev December 19, 1994 To U.S. 380 CSJ 0195-02- Account FIELD NOTES FOR PARCEL 36 BEING A PARCEL OF LAND SITUATED IN A TRACT OF LAND CONVEYED TO BE3-I-Y RUTH DAVIS JACKSON AND JOYCE DAVIS BRENHOLTZ, RECORDED IN VOLUME 711, PAGE 382, DEED RECORDS OF DENTON COUNTY, TEXAS (DRDCT), AND BEING A PORTION OF DAVIS TRIANGLE ADDITION, RECORDED IN CABINET J, PAGE 27, MAP RECORDS DENTON COUNTY, TEXAS, AND BEING SITUATED IN THE B B B & C R R SURVEY, ABSTRACT NO 188, CITY OF DENTON, DENTON COUNTY, TEXAS, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS COMMENCING for reference at a found 1/2-Inch ~ron rod for the southwest corner of said addition, THENCE N 00° 51' 18" E, along the west line of said Jackson tract and said addition, a d~stance of 301 98 feet to a set 5/8-~nch iron rod with an aluminum cap for the POINT OF BEGINNING, same being a point on the new south r~ght of way line of U S 77 and a point on the east hne of a tract of land conveyed to Roy D Martin, as recorded in Volume 416, Page 215, DRDCT, (1) THENCE N 00° 51' 18" E, along a hne common to said Jackson tract and said Martin tract, a d~stance of 54 06 feet to a point for the northwest corner of sa~d Jackson tract, and sa~d point being on the existing south r~ght of way line of U S 77, (2) THENCE S 58° 18' 30" E, along a hne common to said Jackson tract and the existing south r~ght of way line of U S 77, a d~stance of 431 38 feet to a point for the northeast corner of sa~d Jackson tract and said point being on a non-tangent c~rcular curve to the nght hawng a radius of 510 83 feet, (3) THENCE southwesterly, along the west line of Windsor Drive, a right of way deeded to the City of Denton in Volume 1181, Page 104, DRDCT, said curve to the right, through a delta angle of 06° 35' 35", an arc d~stance of 58 78 feet, and hawng a chord which bears S 48o 49' 35" W, a distance of 55 7§ feet to a set 5/8-inch ~ron rod w~th an aluminum cap, same being a point on the new south right of way line of U S 77, (4) THENCE N 02° 55' 51" W, along the new south r~ght of way hne of U S 77, a distance of 22 89 feet to a set 5/8-tach ~ron rod with an aluminum cap, being on a non tangent circular curve to the r~ght hawng a radius of 3879 72 feet, (5) THENCE northwesterly, along the new south r~ght of way hne of U S 77 w~th said curve to the right, through a delta angle of 040 05' 04", an arc d~stance of 276 58 feet, and hawng a chord which bears N 60° 14' 09" W, a d~stance of 276 52 feet to a set 5/8-tach ~ron rod w~th an aluminum cap, being a point of tangency, (6) THENCEN58° 11' 37" W, w~th the new south r~ght of way hne of U S 77, adlstanceof96 99 feet to the POINT OF BEGINNING, and containing 0 421 acre, or 18,331 square feet, more or less, of which 295 square feet reside in a pubhc ut~hty easement to the C~t,/of Denton J~n F W, lder, R P L S, ~"~,~/~'~'~"~ Date Texas No 4285 ~~