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2001-168S Wur OOCUmew\Ordigm[ee\01\US]]BOtlwoR00N du ORDINANCE NO awl ' 16,0 - AN ORDINANCE APPROVING A REAL ESTATE CONTRACT BETWEEN THE CITY OF DENTON AND W H BOTTOMS AND ETHEL BOTTOMS RELATING TO THE PURCHASE OF APPROXIMATELY 0 046 ACRES OF LAND BEING LOCATED IN THE N H MEISENHEIMER, ABSTRACT NO 810 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 20) THE COUNCIL OF THE CITY OF DENTON, TEXAS HEREBY ORDAINS SECTION 1 The City Manager is hereby authorized to execute a Real Estate Contract between the City of Denton and W H Bottoms and Ethel Bottoms 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 approximately 0 046 acres of land for the U S Highway 77 Project, with title vesting in the State of Texas SECTION 2 The City Manager is authorized to make the expenditures as set forth in the attached Real Estate Contract SECTION 3 This ordinance shall become effective immediately upon its passage and approval r~ PASSED AND APPROVED this the day of 2001 &pJAC"t- EULINE BROCK, MAYOR ATTEST JENNIFER WALTERS, CITY SECRETARY BY APPR ED AS TO LEGAL FORM HERBERT L PROUTY, CI Y ATTORNEY BY REAL ESTATE CONTRACT STATE OF TEXAS COUNTY OF DENTON THIS CONTRACT OF SALE is made by and W.H. BOTTOMS AND ETHEL BOTTOMS (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 personel property situated on and attached to the Property, for the consideration and upon and subject to the terms, provisions, and conditions hereinafter sat orth ler shall pay all cost ns a at on f construe on, reinstallation, econ ruction, labor and mate isle for any nd/or improvements ocated within the property d cribed in E ibit "A" Any mprovem is not emoved by April 0, 2001 shall ecome property f the Cit of Dent n, Texa PURCHASE PRICE 1. Amount of Purchase Price The total purchase price for the Property shall be the sum of $9,500 00 (the "Purchase Price"). The Property is being acquired by Purchaser to be used by the State of Texas as right-of-way for the widening of U.S Highway 77. The Purchase Price represents settlement of any and all claims, causes of action and damages that Seller may have against Purchaser and the State of Texas as a result of the acquisition of the Property including damages for the Property itself and any damages to Seller's remaining property. 2. Payment of Purchase Price The full amount of the Purchase Price shall be payable in cash at the closing. DISK 5 PURCHASER'S OBLIGATIONS Thel obligations of Purchaser hereunder to consummate the transactions cogtemplated 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 Purchaser's sole cost and expense, shall have caused the Title Company (hereinafter defined) to issue a owner's 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 onior 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 Sel'ler'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 PAGE 2 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 Comuliance. 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. 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 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 beat 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 First American Title Insurance Company of Texas, 1100 Dallas Drive, Suite 112, Denton, Texas 76205 on or before April 30, 2001, 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"). PAGE 3 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 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 First American Title Insurance Company of Texas, 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 Closing Reguirements 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 PAGE 4 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, except for Seller's attorney fees REAL ESTATE COMMISSION °W -gFj Seller and Purchaser represent and warrant to each other that FOR neither has retained a broker for this transaction and that there are no broker or real estate fees due as a result of the consummationy of this contract. 5o LLer Aqq rcta.w ed ne L.« f'rm o f G/1 NI KeFas 4 t✓tm, k4ke5 4l~ reP~¢SeNr I CH iN *TS 5aLe. fkc C"JL At OLos Ny 54..ea 6,. hi--At..A 10' Q 1 gotja 5ra4et4CL ~ 14 BREACH BY SELLER t)wpr cy$ w tease S 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 PAGE 5 MISCELLANEOUS Y 1. Assignment of Agreement. 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. 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 AMY. 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. 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. PAGE 6 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 Purchasers 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. 13. Effective Date. The term "Effective Date" means the latter of the dates on which this Contract is signed by either Sellers or Purchaser, as indicated by their signature below if the last party to execute this Contract fails to complete the date of execution below that party's signature, the date the Title Company acknowledges receipt of a copy of this fully executed contract is the Effective Date. 14. No Special Assessments The U S 77 Highway Project for which the Property is being acquired consists of the widening of said roadway to a four lane divided concrete thoroughfare (the "Project") adjacent to Seller's remaining property As additional consideration, Purchaser agrees that it will not assess Seller or its remaining property for any of the costs associated with the Project 15. Existing Driveways. The Project will be constructed in such a manner that Seller's existing driveway opening or openings will remain open at no cost to Seller PAGE 7 IN WITNESS WHEREOF, Seller and Purchaser have executed this contract as follows: SELLER: W.H. BOTTOMS AND ETHEL BOTTOMS BY: ~ws W. H. B TOMS BY. ETHEL BOTTOMS STATE OF TEXAS COUNTY OF DENTON , PPROV'M AS' CITY ATTO cffy DF PURCHASER: BY•g Howard Martin Acting City Manager 215 E McKinney Denton, " ,aa 201 Date F, , 1-7 Thi igst e t is acknowledg Vatin fore me, on this day of_ 2001 by Howard , Acti ng City Manager, of the City of D nton, a municipal oration, 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 n the capacit therein sta fw ANN FORSYTHE Notary Publfo, State of Texas MYCowleslonExpires ;;ao,,•".'~ MAY 6, 2002 Nota Public i and for the State of Te as STATE OF f"4s COUNTY OF pavm/✓ F This instrument is acknowledged before me, on this day of 2001 by W.H BOTTOMS AND ETHEL BOTTOMS 01 /0a 1% CHARLES J WINIKATES, JR MY COMMISSION EXPIRES February 3, 2002 Notary P is in,Caand o the Stat of f PAGE 8 TITLE COMPANY ACCEPTANCE AND ACKNOWLEDGEMENT The Title Company acknowledges receipt of the fully executed Contract on day of 2001. TITLE COMPANY: Name: First American Title Insurance of Texas Address: 1100 Dallas Drive, Suite 112 Denton, Texas 76205 Telephone: 940-383-2357 By: Printed Name: Title: PAGE 9 County Denton U.S. Highway Z Project Limits' From I.H. 35 To U.S.380 CSJ 0195.02440 Account. EXHIBIT 'A' FIELD NOTES FOR PARCEL = Pape 1 of 1 February 24, 1994 BEING A PARCEL OF LAND SITUATED IN A TRACT CONVEYED TO W H BOTTOMS, RECORDED IN VOLUME 409, PAGE 562, DEED RECORDS OF DENTON COUNTY, TEXAS (DRDCT), 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, same being the northwest corner of said Bottoms tract and being a point on the east line of a 0 336-acre tract of land conveyed to Dennis Michael Baker and wife, Becky Ann de la Houssaye Baker, recorded in Volume 890, Page 526, DRDCT, THENCE S 320 04' 09' W, along a line common to said Baker tract and said Bottoms tract, a distance of 133 15 feet to a set 5/8-inch iron rod with an aluminum cap, being the POINT OF BEGINNING, also being a point on the new north right of way line of U S 77, (1) THENCE S 580 11' 36' E, along the new north right of way line of U S 77, a distance of 65 11 feet to a set 518-inch iron rod with an aluminum cap, same being a point on the east line of said W.H Bottoms tract and on the west line of a 0 232-acre tract of land conveyed to Albert B Grubbs, Sr and wife, Margaret V Grubbs, recorded in Volume 817, Page 632, DRDCT, (2) THENCE 8 310 59' 52' W, along a line common to said Bottoms tract and said Grubbs tract, a distance of 30 92 feet to a found 1/2-Inch iron rod for the southeast corner of said W H Bottoms tract and the southwest corner of said Grubbs tract, same being a point on the existing north right of way line of U S 77, (3) THENCE N 580 03' 18' W, along a line common to said Bottoms tract and the existing north right of way line of said U S 77, a distance of 65 15 feet to a found 1 /2-inch iron rod for the southwest corner of said Bottoms tract and said point being in the east line of said Baker tract, (4) THENCE N 320 04' 09' E, along a line common to said Bottoms tract and said Baker tract, a distance of 30 76 feet to the POINT OF BEGINNING, and containing 0 046 acre, or 2,009 square feet of land, more or less FrFV.;~ yt~T46' TL :Q. ER . John F Wilder, R P L S JOHi~ F W~: O Texas No 4285 426r p -'~7 jz- Date 1>.2"S v 15