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2000-404S \Our Docum~nta\Ordmanccs\OO\Clyde Martin Ordinance doc ORDINANCE NO ~ AN ORDINANCE APPROVING A REAL ESTATE CONTRACT BETWEEN THE CITY OF DENTON AND CLYDE MILTON MARTIN RELATING TO THE PURCHASE OF APPROXIMATE 0 360 ACRE OF LAND BEING LOCATED IN THE B B B & C R R SURVEY, ABSTRACT NO 186 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 is hereby authorized to execute a Real Estate Contract between the City of Denton and Clyde Milton Mamn in substantially the form of the Real Estate Contract which is attached to and made a part of th~s ordinance for all purposes, for the purchase of approximately 0 360 acm of land for the U S H~ghway 77 Project, w~th t~tle vesting ~n the State of Texas SECTION 2 The C~ty Manager is authorized to make the expenditures as set forth ~n the attached Real Estate Contract SECTION 3 This ordinance shall become effective ~mmediately upon its passage and approval PASSED AND APPROVED this the /'7 ~1 day of~.~, 2000 ATTEST JENNIFER WALTERS, CITY SECRETARY EULINE BROCK, MAYOR STATE OF TEXAS COUNTY OF DENTON REAL ESTATE CONTRACT THIS CONTRACT OF SALE is made by and between CLYDE MILTON MARTIN (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 condltions 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 Exhxb~t "A" attached with all raghts and appurtenances pertainang to the saad property, · ncluding any raght, title and anterest of Seller ~n and to ad]acent streets, alleys or rights-of-way {all of such real prop- erty, rights, and appurtenances beang hereanafter referred to as the "Property"), together with any amprovements, faxtures, and personal property satuated on and attached to the Property, for the consideration and upon and sub]ect to the terms, provisaons, and conditions hereanafter set forth. Seller shall pay all cost for the removal, installation, constructlon, re~nstallation, reconstructaon, labor and materaals for any and/or improvements located within the property descrabed an Exh~bat "A" Any amprovements not removed by December 31, 2000 shall become property of the Caty of Denton, Texas. PURCHASE PRICE 1. Amount of Purchase Price. The purchase prmce for the Property shall be the sum of $24,013.00. Additional consaderation of $441.00 to be paad to the Seller for fence amprovements. The total purchase price shall be $24,454.00. 2 Payment of Purchase Prace The full amount of the Purchase Price shall be payable in cash at the closang PURCHASER,S OBLIGATIONS The obligataons of Purchaser hereunder to consummate the transactions contemplated hereby are sub]ect to the satisfaction of each of the following conditions any of whach may be waived an whole or in part by Purchaser at or prlor to the closang. DISK 5 i Prelimanary Title Report. Wathan twenty (20) days after the date hereof, Seller, at Seller's sole cost and expense, shall have caused the T~tle Company {hereinafter defined) to assue a owners policy commitment (the "Commitment") accompanied by copies of all recorded documents relatzng to easements, r~ghts-of~way, etc., affecting the Property. Purchaser shall gave Seller wrztten notice on or before the expiration of ten (10) days after Purchaser receives the Commitment that the condataon of title as set forth an the Commitment is or as not satasfactory. In the event Purchaser states the cond~taon of t~tle is not satasfactory, Seller shall, at Seller's optaon, promptly undertake to elamanate or modify all unacceptable matters to the reasonable sat~sfaction of Purchaser. In the event Seller is unable to do so within ten (10) days after receipt of written notace, 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, ravers, creeks, or other water courses, fences, easements, and rights-of- way on or adjacent to the Property, af 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 comprasing the Property, together with a metes and bounds descraptlon thereof. Purchaser wall have ten (10) days after receapt of the survey to review and approve the survey. In the event the survey is unacceptable, then Purchaser shall w~thin the ten (10) day period, give Seller written notice of this fact. Seller shall, at Seller's option, promptly undertake to el~manate or modify the unacceptable portions of the survey to the reasonable satasfaction of Purchaser. In the event Seller is unable to do so within ten (10) days after receapt of wratten 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. Purchaserfs failure to give Seller th~s written notace shall be deemed to be Purchaser's acceptance of the survey 3 Seller's Compliance. Seller served, and complled with all of the conditions required by thas Agreement Disk 5 PAGE 2 shall have performed, ob- covenants, agreements, and to be performed, observed, and complied with by Seller prior to or as of the closang. REPRESENTATIONS AND WARRANTIES OF SELLER Seller hereby represents and warrants to Purchaser as follows, which representations and warrantaes shall be deemed made by Seller to Purchaser also as of the closang date- 1. There are no parties an possessaon of any portion of the Property as lessees, tenants at sufferance, trespassers or other partaes 2. Except for the praor actions of Purchaser, there as no pendang or threatened condemnataon or samalar proceeding or assessment or suit, affecting tatle to the Property, or any part thereof, nor to the best knowledge and belaef of Seller as any such proceeding or assessment contemplated by any governmental authority. 3 Seller has complied wath all applacable regulations, statutes, rules and restractaons Property, or any part thereof. laws, ordanances, relatang to the 4. To the best of the seller's knowledge, there are no toxic or hazardous wastes or materials on or wathln the Property. Such toxac or hazardous wastes or materials include, but are not lamated to, hazardous materials or wastes as same are defined by the Resource Conservation and Recovery Act (RCRA), as amended, and the Comprehensive Environmental Response Compensataon and Liabalaty Act (CERCLA), as amended. CLOSING The closing shall be held at the offace of Dentex Tatle Company on or before Nover~ber 30, 2000, or at such tltle company, time, date, and place as Seller and Purchaser may mutually agree upon {which date as herein referred to as the "closang date"). CLOSING REQUIREMENTS 1. Seller's Requzrements. At the closzng Seller shall= A. Del~ver to State of Texas, acting by and through the Texas Transportation Conunasslon a duly executed and acknowledged Deed in the form as attached hereto as Exhibit ~B" conveying good and marketable tatle to all of D~sk 5 PAGE 3 the Property, encumbrances, restrictions, free and clear of any and all liens, conditions, easements, assessments, and except for the followang. 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 0bliqataons here- of; and 3. Any exceptions approved by Purchaser in writing. B. Delayer to Purchaser a Texas Owner's Polacy of Tatle Insurance at Purchaser's sole expense, issued by Dentex Title Company, Denton, Texas, (the "Tatle Company"), or such tatle company as Seller and Purchaser may mutually agree upon, in Purchaser's favor an the full amount of the purchase price, ansurang fee sample tatle for the State of Texas to the Property subject only to those title exceptions listed in Closln~ Requirements hereof, such other exceptions as may be approved an wrating by Purchaser, and the standard printed exceptaons contaaned in the usual form of Texas Owner's Policy of Tatle Insurance, provaded, however: 1. The boundary and survey exceptaons shall be deleted if requared by Purchaser and if so required, the costs assocaated with same shall be borne by Purchaser; 2. The exception as to restr~ctave cove- nants shall be endorsed "None of Record"; 3. The exception for taxes shall be limited to the year of closang and shall he endorsed "Not Yet Due and Payable"; and 4. The exception as to liens encumberang the Property shall be endorsed "None of Record". C. Delaver to Purchaser possessxon of the Property on the day of closing. D~sk 5 PAGE 4 2. Purchaser's Requirements Purchaser shall pay the consideration as referenced in the "Purchase Price" sectlo~ of this contract at Closing an ammediately avaalahle funds. 3. Closinq Costs. Seller shall pay all taxes assessed by any tax collectaon authority through the date of Closing. Ail other costs and expenses of closang an consummatang the sale and purchase of the Property not specifacally allocated herean shall be paid by Purchaser and Seller, except for Seller's attorney fees. REAL ESTATE COMMISSION Ail obligataons of the Seller and Purchaser for payment of brokers' fees are contaaned an separate wratten agreements. BREACH BY SELLER In the event Seller shall faal to fully and tamely perform any of ars oblagataons hereunder or shall fall to consummate the sale of the Property except Purchaser's default, Purchaser may eather enforce specafic performance of this Agreement or termanate this Agreement by wratten notace delavered to seller. BREACH BY PURCF~SER In the event Purchaser should faal to consun=nate the purchase of the Property, the conditaons to Purchaser's oblagations set forth in PURCHASER'S OBLIGATIONS havang been satasfied and Purchaser being an default Seller may eather enforce specafic performance of thas Agreement, or termanate thas Agreement by written notice delavered to purchaser MISCELLANEOUS 1. Assagnment of Agreement Thas 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 partaes, as well as any raghts and benefits of the partaes, pertaanang to a peraod of tame following the closang of the transactaons contemplated hereby shall survive the closing and shall not be merged therein. 3 Notace Any notace requared or permatted to be delavered hereunder shall be deemed received when sent by United States mall, postage prepaad, certified maal, return receapt requested, Disk 5 PAGE 5 addressed to Seller or Purchaser, as the case may be, at the address set forth beneath the sagnature of the party. 4. Texas Law to ADDly. 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 an Denton County, Texas. 5. Parties Bound This Agreement shall be bandang upon and inure to the benefit of the parties and their respectave heirs, executors, admanistrators, legal representataves, 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, allegal, or unenforceable an any respect, saad in- validaty, allegality, or unenforceabilaty shall not affect any other provision hereof, and this Agreement shall be construed as af the invalid, allegal, or unenforceable provasaon had never been contained here~n. 7 Prior Agreements SuDerseded. Thas Agreement constitutes the sole and only agreement of the partaes and supersedes any praor understandings or written or oral agreements between the part,es respecting the within subject matter. 8. Tame of Essence Time as of the essence an this Agreement. 9. Gender Words of any gender used an th~s Agreement shall be held and construed to include any other gender, and words in the sangular number shall be held to include the plural, and vice versa, unless the context requares otherwase. 10. Memorandum of Contract. Upon request of eather party, both part~es shall promptly execute a memorandum of thas Agreement suitable for filang of record. 11 Compliance. In accordance wath the requarements of the Texas Real Estate License Act, Purchaser as hereby advased that at should be furnashed with or obtaan a policy of tatle ansurance or Purchaser should have the abstract covering the Property examined by an attorney of Purchaser's own selection. 12. Time Lam~t. In the event a fully executed copy of thas Agreement has not been returned to Purchaser wathin ten (10) days after Purchaser executes this Agreement and delayers s~ne to Sel- ler, Purchaser shall have the right to terminate thas Agreement D~sk 5 PAGE 6 upon written notice to Seller. DATED th~s /~u~W-day of O~, 2000 SELLER PURCHASER THE CITY OF DENTON, TEXAS 215 E. McKinney Denton, Texas 76201 STATE OF TEXAS COUNTY OF DENTON , 2000 by Michael W. Jez, Cmty Manager, of the C~ty of Denton, a municipal corporation, kno~ to me to be the person and officer whose n~e is subscrmbed to the foregomn~ mnstr~ent and acknowledged to me that the s~e was the act of the saad Cmty of Denton, Texas, a munacmpal corporation, that he was duly authorized to perfo~ the s~e by appropraate ordmnance of the Cmty Council of the Caty of Denton an~ that he executed the s~e as the act of the said C~ty for ~rposes and consideration th.r.~n ex, tess.d, and ~n th. ~o'~:~"' ANN - ~.[~.~ Nom~Publlo, SmteofTe~s ~ the State of Texas ~,o, %. MAY ~, 2002 Disk 5 PAGE 7 COUNTY OF ~ Th~s instrument is acknowIedged before me, O~./b~gJ~ , 2000__ by CLYDE MILTOM MARTIN. on this \\ day of Notary ~blzc_.~n ancl^f~or ~ Disk 5 PAGE 8 EXHIBIT *A' County Denton Page I of 2 Parcel 33D 1:)-1S- Highway U,~. 77 Project Umcs From I,H 35 October, 1996 To U S 380 CSJ 0!9$-O2- Account LEGAL LAND DESCRIPTION FOR PARCEL 33D BEING A 0 360 ACRE PARCEL OF LAND SITUATED IN THE B B B & C R R SURVEY, ABSTRACT NO 186 IN DENTON COUNTY, TEXAS, AND BEING A PART OF A CALl FD 1 559 ACRE TRACT OF LAND CONVEYED TO JERRY RAY MAR*liN BY INSTRUMENT OF RECORD IN FILE NUMBER 95-R0052281, OF THE DEED RECORDS OF DENTON COUNTY, TEX. a,$ (DRDCTJ SAiD 0 360 ACRE TRACT BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS COMMENCING for reference at a 1/2-inch iron rod found at the most northerly southwest comer of said Jen'y Ray Martin tract, same being the southeast comer cfa called 1 559 acre tract conveyed to Tex Morgan Martin by instrument of record in Volume 3178, page 898 DRDCT, THENCE N 01° 03' 34' E, along the common line between sazd Tax Morgan Martin tract and said Jerry Ray Martin tract, a distance of 61 98 feet to a set $/8.1nch iron rod w~th an aluminum disk marked Texas Department of Transportabon (TXDO'I'J for the POINT OF BEGINNING, said point being on the new southwesterly nght-of-way line of U S Hlghway 77, (1) THENCE N 01° 03' 34' E, contlnumg along sa~d common hne, a distance of 63 11 feet to a 1/2-1rich ~ron rod found at the northwest comer of sa~d Jan7 Ray Mart~n tract, same being in the existing southwesterly right-of-way hne of U S H~ghway 77, (2) THENCE S 58° 15' 32' E, along the northerly line of said Jerry Ray Martin tract and along said nght-of-w-~y line, a distance of 290 80 feet to a 1/2-tach Iron rod found for the northeast comer of sa~d Jerry Ray Mart~n tract, same being the northwest comer of a called I 559 acre tract conveyed to R D Martin as ewdenced by deed recorded in Volume 3178, page 886 DRDCT, (3) THENCE S 01° 34' 17' W, along the common hne between sa~d Jen7 Ray Martin tract and sa~d R D Martin tract, a distance of 63 16 feet to a set 5/8-~nch Iron rod with an aluminum disk marked TXDOT for the new southwesterly nght-of-way line of U S H~ghway 77, (4) THENCE N 58° 11' 37' W, along the new southwesterly right-of-way line of U S Highway 77, a distance of 145 38 feet to a set 5/8-inch iron rod w~th an aluminum disk marked T'XDOT In the common hne between said Jerry Ray Martin tract and a called 4 acre tract conveyed to Joe W Shemll and Mary La Jean Shemll by instrument of record in Volume 605, page 464 DRDCT, THENCE along sa~d common, line the foflow~ng 2 courses and distances, N 01° 36' 32' E, a d~stance of 11 79 feet to a fence comer at the nc~heast comer of sa~d 4 acre tract, (6) N 88* 52' 38' W, a distance of 19 96 feet to a set 5/8-Inch ~ron rod w~th an aluminum d~sk marked TXDOT m the new southwesterly nght-of-way hne of U S H~ghway 77, County Denton Parcel 33D Highway U S 77 Project Um~s' CSJ Account' EXHIBIT 'A' Page 2 of 2 D-15- From IH 36 October, 19~ To U 8, 380 THENCE N 88* 11' 37~ W, along the new southwesterly right-of-way line of U $ H~ghway 77, a d~stance of 121 86 feet to the POINT OF BEGINNING, and containing 0 360 acre, 15,695 square feet, more or less, of lend area w~thm these metes end bounds A plat of even surVey date herewith accompanies th~s descnpbon SURVEYED ON THE GROUND OCTOBER, 1996 ESPEY HUSTON & ASSOCIATES, INC G Denms Quails, R P L {S/ Texas Registration No 4276