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2000-396S \Our Documenta\Ordmances\OO\Bottoms Ordinance doc ORDINANCE NO ~ AN ORDINANCE APPROVING A REAL ESTATE CONTRACT BETWEEN THE CITY OF DENTON AND W H BOTTOMS RELATING TO THE PURCHASE OF APPROXIMATE 0 046 ACRE OF LAND BEING LOCATED IN THE N H MEISENHEIMER SURVEY, ABSTRACT NO 810 OF DENTON COUNTY TEXAS FOR THE U S HIGHWAY 77 PROJECT, WITH TITLE VESTING IN THE STATE OF TEXAS, AUTHORIZING THE EXPENDITURE OF FUNDS THEREFOR, AND PROVIDING AN EFFECTIVE DATE THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS SECTION 1 The City Manager ~s hereby authorized to execute a Real Estate Contract between the City of Denton and W H Bottoms ~n substantially the form of the Real Estate Contract wbach is attached to and made a part ofth~s ordinance for all purposes, for the purchase of approximately 0 046 acre of land for the U S H~ghway 77 ProJect, w~th title vesting m the State of Texas SECTION 2 The City Manager as authorized to make the expenditures as set forth ~n the attached Real Estate Contract SECTION 3 Th~s ordinance shall become effective ~mmedmtely upon ~ts passage and approval PASSED AND APPROVED this the ]7..~ day of~/~.~, 2000 EUL1NE BROCK, MAYOR ATTEST JENNIFER WALTERS, CITY SECRETARY APPROVED AS TO LEGAL FORM REAL ESTATE CONTRACT STATE OF TEXAS COURTY OF DENTON THIS CONTRACT OF SALE is made by and between W.H. BOTTOMS (hereinafter referred to es "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, end Purchaser hereby purchases and agrees to pay for all that certain tract, lot or parcel of land described in Exhibit "Aa attached with all rights and appurtenances pertaining to the said property, including any right, title end interest of Seller in and to adjacent streets, alleys or rights-o£-way (all of such real prop- erty, rights, and appurtenances being hereinafter referred to as the #Property"), together with any improvements, £ixtures, end personal property situated on end attached to the Property, £or 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, reinstallation, reconstruction, labor and materials for any and/or improvements located within the property described in Exhibit "A". Any improvements not removed by December 31, 2000 shall become property of the City of Denton, Texas. PURCHASE PRICE 1. Amount cE Purchase Price. The purchase price for the Property shell be the sum of $2,318.00. Additional consideration of $1,500.00 shall be paid for the ornementel landscape features located within the 0.046 acre tract. The total Purchase Price shall be $3,818.00. 2. Payment of Purchase Price. The £ull amount of the Purchase Price shall be payable in cash at the closing. DISK 5 whole or in pert by Purchaser at or prior to the closing. 1. Preliminer7 Title Report. Within twenty (20) days after the date hereof, Seller, et Seller's sole cost and expense, shall have caused the Title Company (hereinafter defined) to issue a owners policy conu~itment (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 Coa=~i~ment 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 shell thereupon be null and void for ell purpoeas~ otherwise, this condition shall be deemed to be acceptable and any objection thereto shall be deemed to have been waived for ell purposes. 2. Survey. Purchaser may, et 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 ell 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, end shell contain the surveyor's certification that there are no encroachments on the Property end shell 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, et Seller's option, promptly undertake to eliminate or ~di£y 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 shell be returned by the Title Company to Purchaser. Purchaser.s failure to give Seller this written notice shall be PAGE 2 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 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 es follows, which representations and warranties shall be deemed made by Seller to Purchaser also as of the closing dates 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 end 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 ere 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 Co~rehensive Environmental Response Compensation and Liability Act (CERCLA), as amended. CLOSING The closing shall be held at the office of Dentax Title Company on or before November 30, 2000, 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 CLOSIN~ 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 end 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 Obli~ations 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 Dentex Title Company, 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 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 end 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"; PAGE 4 3. The exception £or taxes shall be limited to the year of closing and shall 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 clos£ng. 2. Purchaser's Re~uirements. Purchaser shall pay the consideration as referenced in the "Purchase Price" section of this contract at Closing in immediately available funds. 3. Closin~ Costs. Seller shall pay all taxes assessed by any tax collection authority through the date of Closing. All other costs end expenses o£ 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 Ai~ obligations of the Seller and Purchaser for payment of brokerS' £ees are contained in separate written agreements. BR~ACH BY SELLER In the event Seller shell fail to fully and timely perform any of its obligations hereunder or shall fail to cons,~ate the sale ~f 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 sat forth . in PURCHASER'S OBLIGATIONS having bean satisfied and Purchaser being in default Seller may either enforce specific perforatance of this Agreement, or terminate this Agreement by written notice delivered to purchaser. PAGE 5 MISCELLANEOUS 1. Assi~nment 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, es well as any rights end benefits of the parties, pertaining to a period of time following the closing of the transactions contemplated hereby shall survive the closing end shall not be merged therein. 3. Notice. Any notice required or permitted to be delivered hereunder shell 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~eture of the party. 4. Texas Law to ADDi¥. 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 shell be binding upon and inure to the benefit of the parties and their respective heirs, executors, a~ministrators, legal representatives, successors and assigns where permitted by this A~reement. 6. Le~al 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 PAGE 6 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 request o£ either party, both parties shall promptly execute a memorandum o£ this Agreement suitable for £iling of record. 11. Compliance. In accordance with the requirements of the Texas Real Estate License Act, Purchaser is hereby advised that it should be £urnished with or obtain a policy of title insurance or Purchaser should have the abstract covering the Property examined by an attorney cE Purchaser's own selection. 12. Time Limit. In the event a £ully executed copy of this Agreement has not been returned to Purchaser within ten (10) days a£ter Purchaser executes this Agreement and delivers same to Sel- ler, Purchaser shall have the right to terminate this Agreement upon written notice to Seller. D T.Dthi. d.y of2000. SELLER PURCHASER THE CITY OF DENTON, TEXAS City Manager 215 E. McKinney Denton, Texas 76201 PAGE 7 STATE OF TEXAS COUNTY OP DENTON _strumentis acknowledged before me, on this day of J~, , 2000 by Michael W. Jez, City Manager, of the City of Denton, a municipal corporation, known to me to be the person and o£ficar whose name is subscribed to the foregoing instrument and acknowledged to me that the same wes 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~ that he executed the same as the act of the said City fo~ ~urposes and consideration therein expressed, and in the cap~i~ Che~i~_ stat~ ]~A~\ ANN FORSYTHE ~ ~o~-ary ,ubl'ic ia/~and for ~l,(~'~,l N0taryPut~ll0, State0~Texa$ [ the State of TeXas STATE OF TEXAS COUNTY OF DENTON This .instrument is acknowledged before me, on this ~ day of ____, 2000 by W.H. BOTTOMS. ~~~~ the State of Texas PAGE 8 EXHIBIT "A" County Denton Page I of 1 Highway U.S. 77 Project Emits: From I,H. 35 FebroaW 24, 1994 To U.S. 380 CSJ ~ Account, FIELD NOTES FOR PARCEL 20 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 Bcttoma tract end being a p01nt on the east line of a 0.336-acre tract of land conveyed to Dennis Michael Baker and wife, Becky Ann de la Houseaye Baker, recorded In Volume 890, Page 528, DRDCT, THENCE S 32° 04' 09' W, along a line common to said Baker tract and said Bottoms tract, a distance of 133 15 feet to a set 518-1nch 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 68o 11' 38" E, alongthe newnonh rlghtof way hneof U S 77, adistance of 65 11 feet to a set E/8-inoh 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 S 31 o 59' 52" W, along a line common to smd Bottoms tract and said Grubba tract, a dlstance of 30.92 fact to a found 1/2-1nch lron rod for the eoutheaetcomerofaaidW. H Bottoms tract and the southwest corner of said Grubbe tract, same bmng a point on the existing north right of way line of U.S. 77; (3) THENCE N 58° 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 comer of said Bottoms tract and amd point being in the east line of smd Baker tract, (4) THENCE N 32° 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 acluare feet of land, more or less John F Wilder, R P.L.S. ~L~~.~;~.~.!.~.~~":)'6~'~I'{=' WIt-_rD.E..R...~ Date Texas No. 4285 ~:-~R ,~.~