1999-186 NOTE There is no Ordinance No 99-185
AN ORDINANCE AUTHORIZING CITY MANAGER TO EXECUTE AN ASSIGNMENT OF
A REAL ESTATE CONTRACT TO THE CITY OF DENTON FROM R D SMITH,
TRUSTEE, RELATING TO THE PURCHASE OF 6 174 ACRES OF LAND FOR USE BY
UTILITY DEPARTMENT FOR FUTURE EXPANSION NEEDS OF SOLID WASTE AND
WATER, AUTHORIZING THE EXPENDITURE OF FUNDS THEREFOR, AND
PROVIDING AN EFFECTIVE DATE
THE COUNCIL OF THE CITY OF DENTON, TEXAS HEREBY ORDAINS
SECTION I That the City Manager is hereby authorized to execute an assignment from
R D Smith Trustee of a real estate contract, in substantially the same form of the assignment
attached to tins ordinance and made a part hereof for all purposes, for the purchase of 6 174 acres
of land for the future expansion needs of solid waste and water departments
SECTION II That the City Manager is authorized to make the expenditures as set forth
in the attached assignment and Real Estate Contract
SECTION III That this ordinance shall become effective immediately upon its passage
and approval
PASSED AND APPROVED tlus the /~__r .dayof ~~ ,1999
JA~
ATTEST
JENNIFER WALTERS, CITY SECRETARY
APPROVED AS TO LEGAL FORM
HERBERT L PROUTY, CITY ATTORNEY
ASSIGNMENT OF COMMERCIAL CONTRACT OF SALE
Date
Contract for Commercial Contract of Sale
Date Sanuary 21,199c
Seller Clifford Harper & Vmson Harper
Buyer R D Srmth, Trustee
Property 6 174 acres, Gideon Walker Survey, Abstract 1330, Tract 41, Denton County Texas
more commonly known as 1401 Mayinll Road, Denton, Denton County Texas
Assignor R D Sunth, Trustee
Assignor's Mailing Address 1009 Manhattan, Denton, Texas 76208
Assignee City of Denton
Assignee's Mailing Address 215 E McKumey, Denton Texas 76201
For valuable consideration, Assignor assigns to Assignee all of Assignor's nght, title and interest
m the Commercial Contract of Sale and conveys to Assignee all of Assignor's interest m the emstmg
contract winch is attached hereto
Assignee assumes all obligations of the Assignor under the con~ract Assignee agrees to perfonn
and be bound by the commercial contract of sale as the buyer m it and relieves the Assignor of any further
liabilities of the contract
This asslg~'nent shall Innd and mute to the benefit of successors m interest of the pamas
/
RD USTEE tICt EL w/mx, tA AOER
CITY OF DE~TON, TEXAS
STATE OF TEXAS
COUNTY OF DENTON
This instrument is acknowledged before me, on tins ~-'f~ day of , 1999 by
Michael W .~ez, City Manager, of the City of Denton, a municipal corporg.~ion, known to me to be the
person and officer whose name is subscmbcd to the foregoing instrument and acknowledged to me that the
same was thc act of the smd City of Denton, Texas, a municipal corporaUon, that he was duly authorized to
perform the same by appropriate ordinance of the City Council of the City o~f Denton and that he executed
the same as the act of the said City for purposes and ¢onsidaratton there~gxpressed, and m the capacity
STATE ,OF TEXAS
COUNTY OF DENTON
Tlus mstrument is acknowledged before me, on th,s _~ day of ~J-~. , 1999 by
R D Snuth, Trustee_ ~_~ ~ ~-.
~ V¢.~,.~/~/ STATE OF TEXAS ~
ATTEST ~-._~; ~,~ ....... ].
CITY SECKETAKY
APPROVED AS TO FORM
HERBERT L PROUTY
CITY ATTORNEY
S \Our Documents\Contractsk99kASSIGNMENT OF COMMERCIAL CONTRACT OF SALE doc
/ ' Lg RANDALL SMITH & ASSOCIATES
NORTH TEXAS COMMERCIAL ASSOCIATION OF REALTORS~)
COMMERCIAL CONTRACT OF SALE
IN CONSIDERATION oftl~ n,~tual t~,,,~, pro~s~'-,a t,o.,r~mnis aod agme. m~nts oontmmd ~ tl~ Conlract (th~ "Co~lraat') th~ patl~.s ~-,~to
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c~p~nsg dgbvcr o~ cause ~o be ddwer~d Io
pem~ted~m as ~d ~bw n~ (2) I~ lo.wing ~ fco~ ~ ~l~ ~ ~"} (a} ~ ~ ~ cop~s of~ r~or~
P~m~nph ~ C
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6 ~W OF i I rcg DOC~ EN~
A Review Petard P~ s~ s~ ( 6o ) ~?s (~ ~e~w P~ a~r ~s ~ce~
~n~d on Addeedm ~ PER~NAL ~O~RTY a~
~pc~ ~ P~ Pt~K~s fm~c
ob~c~m (~ *C~ Pc~") ~ ~r
Pe~cd V~cp~
or ~s ~t c~ e~ ~ ~tEe to fu~ c~c
C~m~ Dute If P~r ~ a~ ~ ~tcs ~s Con.ct ~e mfu~bb ~mn nfdhe ~f ~ ~a ~ ~ ~ to
~t dc~=~ s~h t~ as Se~r ~ abe ~ c~ at C
7 ~LLER'S WARR~T~S AND RE~ ESENTA~ON~
(2) ~ ~ es ~c a~ ~ ~fl~
(3) Negate Coverts ~r
(4) ~cm andDe~ ~eare~n~'~
Pr~nv ouma~g as ofCb~K
n~v atilt ~ ~t or ~fc~ of any ~t
O Copyn~t ]~ N~AR Ib~Ol (I/~) 1~17/1~ ~ge 2
the cm~on ol the Propers/
(7) Hazaldous Matennb Uxce~ ab ~ ~d__ ~_,_ .,. ~.~ ~... o~---~~m w~ ~ ~r ~ P~s~ ~ ~ ~ ~e~n~ ~t ~ P~
(~
P~Mgr Io advee P~c~gr wt~ ~s~cl
En~m~t~ml Re~, C~a~n
~n~ut~cntal b~ re~m~ m~umc
~8) O~mmn uf the Pm~ Afmr
B Re~dtes If ~s~ ~ov~ ~ to C~s~ ~t ~my of~s wa~ or ~mm ~s ~ ~e~ed m m ~c~
;~n for ~ch of Wdn~U ~ tnm~;~m~
~ NONCONFORMANCE
m~enm t~ ~ m~ts
D~D~ Ack weth~ r~tpgs ~ ,t~ ~lg~ ~v ~ a ~Lut ~ m~t ~* ~ ~d ~ al ~ Pm~ ~ P~r
1 ~owcwr ~ ~r ~ aware ol ~lm~ ch~n a~or
Og Pr~ or w~ gs~ct to any n~l~ of~e P~Rv
9 IN~ECTION I~
~ ~ Inf~cnon~sJ~
Addendum C
~ C~ct
~y i~st~t~ ~ C~n~ Dam ~
~ allot 0~ ~v~b sc~d~ C~mg Date
~ Copynshl 1996 NTCAR ~mn O1 (1/96) I ~,,I 7,1991 P~a3
CLOSING
O ~ ~ s~ ~n ~d at--Ps ~ ~,l ~)t m m s~s m a~ .....
(3) A B~ of S~b co~ ~ ~mi ~ d~ m ~ ~ ~SON~ ~
(4) Po~ed of~ ~o~ ~)ect to wM e~ e~ a~ ~ u~oe ~'e~ ~pmm
(5)
(6) A
~) ~o~ ~m~ ~mb~ ~d ~ ~ T~ C~ to ~ ~
(2) ~ Nme ~ ~ ~ o~ ~ ~,
D ~,s~ ~sa Fmh ~ ~ ~y ~ ~ of& o~ ~ w~h am c~v ~ by a b~r or ~c~m m a ~mc~n of
~ ac~l m~s pad 5y ~r ~ ~J~ ~b~ ~t~ ~ ~ ~n p~f of ~t of
~n ~ ~ ~ Cbs~ . - ' - _
~ Fomt~ ~mn Ne~ I~ a n Fo~ ~ ~ ~ by ~ U q I~c~l Re~ Code or
~m ~ mq~d a~(s) ~m 8e~.) ~ell a~ (I) a ~a~ ~l ~e~ ~, a ~ ~a (2) ~ U
~sJ et be~s), a~ (3) o~ ~ ~ by q~n 1~5 of~ ~ ~ C~
D~A~T
~ ~e~s~ [fS~r~toc~o~C~ct~n~cpt~'s~or~,m~nof~ Co.ct
~) ~r~~ . .
(3)
(4) Te~m~ ~Co~t ~ a,.,~~b~ ~nof~st~7 Se~s ~t~
0 C~py~ht 19u~ Nl~ARgmmOl (!/96) 12/I 7/1~ Page 4
B S~lleds RLmedies If' pm~huscr £a~s ~o c~sc
~ ~2~ B~ ~
14
(l) l~P~]Bm~r~ ~a~enttor~
C ~ee ~mnng ~ ~ Pt~ ~ch ach~w~e
C~mm8 Brok~ Pa~ of a ~n or ~e Fee ~
~ a~mt ~r
D ln. medtn~ ~h~mhiF If ~ o~ ~
~ ~ A mai esla~ bmkerw~ a~ m ~ mm~e~a~ ~en ~s b a ~t~n
{1) w~ not ~duse to t~ hK~or ~at ~l~r~H ~pt a
sepa~ ~flng by
(2) ~ ~t ~sdose to ~ikr tb~ ~Khmer ~ll
u~s o~e~se Instm~ed In a se~mm ~tl~ ~ t~ ~e~
(3} may not d~lose ~y ~nff~mid Inb~K or~y
Testa Real ~tnte ~e~e Act ora court o~erorif~ m~n
14) sh~Ftmat afl ~s m ~ t~n ~nest~
(S) s~l ~m~ M~ t~ Testa Real ts~e ~ceme Act
~m~d
~m~m~of~C~taslo~ws s~x pe~mnt
~ Cee ~11 ~ ~ ~n ~ ~u~ ol ~ Co~o~t and
C~DB~ ~ F~ CO~y ~o~e~ a~t ~ a~da~lo~y
~ a~k, o:~ of ~ ~st Moray or ~ ~ ~mw
~t ~ ~ Fee, a~ ~t ~ ~ ~y ~ ~ ~ P~r,
~ t~ ~ of ~ F~ w~ ~ ~n c~t of ~ Bmk~s)
~ C~I I~ ~AR~OI (11~)
16 MISCELLAN SOUS PROVISIONS,
A Sffective Daw ~ ~nn *Effectwc Date* m~m tl~ lab..er o! ~ t~wo. dates on w .hs:h ?~ Cun~act ts s~gned by Sc&r and Pm~hase~ as
m~ncatod by then* sl~mt0ms below ]f Ibc last party to ~..~tlte t~q Colllllict lalls lo ~.tml~ Hie 0ate of e~e~tl0ll below that l:mvly'~ m~latm*~, die
I ffccuve Date shah V - the date ttm rosy czc~med ConU'~c~ z~ m, knowfod~d by the Tth
B Nat*c~ s AflnoUces .md ofl~.r cmmnmucatz~s mquend m' pemmtcd under ~as Con~cz musl be m writing and shah be deenmd dehve~d.
wbefl~cr actlm~y recewedor no, aa tbe m.t~r of (t) la, tmlrccclPt, lfdcM'~'n.'d ml~sm or by n~.~.cager with evlduncc of ~.,hvnry or (u') t'm:~ M an
clccuzmz: fac~]c trmmm~,son (~l.a,z') ,x th ~,onirnmtma of ct-#w.'v/' or (i) tq~on ~pomt m thc Unond States Marl as requwcd bebw Not, es mav he
Ir, restarted by Fax to she Fax lefophlme n,unber~ .,pecf~:d below il'any NmEr. s de~vemd by mm] m~.st be dcjx~qfed n t;~e U S PasCal Snrvge f-rs1
~.hqs pos~§e ixepa~ alii properly addn.=bed to tl~. mmndcd rectal nl die nddreq~ sol t*e~lh below ^ny pmly may ebaflge ts add~eas for mYace
purpea.s by ~lweflng written nc~c el ~ ~w add~'e'~,~ to all oOp.~r pprt~us m lbs manner :~t fart~ .h.,,A. Copes of' nn wrd/gn nots:es sbeuk:l also be
· L ~vnred to tee Ptnv. q~i Berber and lo Ibc Ta~. Omqxm,, but faOnre ta noM'¥ lye Principal Brok.~ or b~c Tnt- Cempuny will not caase un
~roperly a.'hve'~d no(~c~ m be melf~e
C Mm.nj Te relation. If Ilas Cmllrm. t ~ tonnsmted by .uRea! agresl~.nt el hath purues at any ~ pr'mt to Clem&, '~e abraham et' each
~nr~ under th. Contract shad temmml~ except ~hat h) Serer and pu~.heser ,del ~a~h ~y o~-haa of the cost of t~e Sm-rev ((Survey eom
moused'* {n~ Pu~ha*~-~lsbeG pay the ceetts to ~lXtW or~ fimasSe to tbe {)roperts, ~.aused by Pmchase~ m' ~ a~:lts (mi I~T. hasor shag delzvet m
uny zepol~ cu* cloGtunon~ m Purcha~eta~ IX~qqGt'~ttm com. emlllg tbe Pxopetty (w) Sailer shall i~v Os. Fee owed to thc Principal Bmlan' and (v) each
~dfl'~ Sha] pallet'z11 fliP* gt]lnr ob]iSa~l~l.q which e~ SIHTIVe ~ let~rdllNI of ~iB ColitracL Th~ obl~att~ls Hadst ~ pampaS1 sba11 sla"vIve
k. rnmuLmn o£ 0ua ContracL The tom~ o! nny muhm! tenl'm~Utal aSreaimm ~,~ ',t.'lts~'~de and ccum, ul ov~r the I~ovmmm et 0~m ,Se~Une 16C to
ex'tent el uny ~.otd~L 'flus ~ectmn 16C ,I,)es m~l apply f pu~lubU ea37m~ru~ te3nmml~, t.~ Contm~.t by vrt~ el a t~.mmmn I~ set forth
cl~wbete si tlus Con.act
D Farms In ~as~ of a dmputc u~ to the feint of any dsomnom requncd undtn' thru Cmm"P'L Ilz' m~mt mcunt fm'm Im~pp~d bY U~ Nm'ih Te~ms
Conm~e~xl A~ocntmn of ReaRm's. Ir~, f ava~abt- nr by Ihs ~,ttc I~lr of Texas, naxif~cd ~ nec~sa~/ to conform to t~ ~:lm%-meats of tins
Con.ct. almH be c~cmod
E. Attumeys Fees ']1~. Iw~va~m8 IXn'ty m any I~al laz~.eedm~ bro~hl m sehtmn to tht~ Cm~mct or tmr~cUun ~ be enllt~d ~o mnove~
Ir~n the non-p~vad~8 pu~es cm~ t.mtx n~,smmht- a~rrgyf fees and fi other Tessmmbl~ I~gat~n ¢~pcnsos
F integration. Thb Cotltrast ~.oi~tasm the ~.ompLle at~n.ea'.ent i~lwc~.li the i~ffs.~ wzth rcsp.'ct t~ thc Propt~'W and cromer be va~.d
~, v. Tatcn aSre~ncnt fha pashas nSr~e Out there nrc no oral or mlp~.d agr~.n~ms unders~undm~ rcpr~cmals~s or wnrrdmes nm.t- by ~e par~s
~hs:b ate no~ ~'pressly agt fta~h besem
G Sun JvnL AJty w~uTdJIty, f¢l~esf:~dabmt, cow.instiL cotl(]lt~ll Gl' ol~bon contutt.d IJ ~ Cofllntct not otbel~V~ d~;hs~d at the Cfosm8
~L~ surav*. UM. Cbsm$ Of Ih~ Iraasactx~.
H Binding £~CL ~n Conim(.t slug mint to ~ benefit o! nod lu 5nlng upml dL reties to 0us Cun~act m~d flies' raspeclA, e hen's, t-gal
I Time for Fe ri)finance T'nr, e t~ of I~ a.,w, cnce under each provmnn el thc Co. ac! Mnct compliance w~ the tmas for pefl'esw~nee
re.'pn'ed.
J Right of ]~ntey Upml reasonabt- advance, no~:~ and dur~ nnrnml besm~'~ baud, Pmcbasor Purclusefs repa:seataln~a and
Urob.~{s) have ~. n~,to e~i~.er ulxm the Prel~aly pn~ Io Ck,.smw £or faaiJJses o£ w,,u~ ~t~ and ~.ondu~Ung s~ud~s o£ IM Property, so fen8 as
~1~.~ ~, raz m~¢u.~onablv mtctfem wstl~ the ~ of ~ P.vrer, y by ~elLT or any tmtunts, nr cause undue dama~ m Cbc P mpe.~w
lC BaslnassDay ]'leaydateufPud'untml~cm~z~-~'flasCnntractfalt~ma'qatmdaY qundaytn'T~-~aat-galbetday, suchdatccflzn'formancc
~qil ~e ,b. J efTcd to 0la flexi ~]ay whl.h b ~ a ~Elfda) Slaldav ~' ] ~.%as il. BI
I. Governing IJw Ties Cnolract 'ihs§ be ~.m'e4rued noder and 8ovemed by lbs hv, s el tbs State o/Texas, and.unL"s~ aUra'Mss Prevised
Mm= a~ obb~llom of IhS ~trbas e~l~lcd m~r ~ ConHta, t t~l lO be I~l'fomP~ m ~lg canary v.l~,m ~]~ P~opgrt~ a fobatgd.
M Severnblll~ I£unypmmmnoftlmCon~ctt, beLItobeawnM, i~egnLorurenfo~q-eabt-byacomtofcmJq:Jdentjumdlctmn.b%envalEL
i~nJ or ~menford.'abt- ta'ovm~ sha[ mi affect any o0~t irovumns, and ~ Cea~act shall Ye (.onslr~d as sf Ibe mvaM, ~ or unen.t'orceable
p~ov~rm ~. sc,.,.n.d and ~bted fnnn lie,
N Disclaimer Pur~lusetmdcr.s~ands~ndarcadestatebmkerBqas~s:d1~adv~:e~nmatb-nsc~soem~ren~estateandanotanexpettm
lmHers of hx~ tax, l'mnflcmg, survcvmlL hazordow nmb.mb, ea[pnegn~, cormlna, t.~Jn, aaletv ,'~n& bad pbnmn~ .wcb~cture or Ibc Amerr. uns w~h
~t~l,~tea A~.t ~mve~e~theHr~ker(q)w~%h~mt~Pm~has~.t~nynm~ra~actua~kn~wk:d~p.~v~s;h~B~(s)~y~a~c~
of Oz. Pro~rty Purcbe~ aciumwt-d~e,~ tl~ntPm~lumt has brdn advmed by.the?rekm(a) to see~ expe~ .a~mm~? on st~.h matmrs ~
~o xx*t n~vest~ate a prop. s com~mr~e wMt ~ cc~K's, go~.~u, amlal u..~,nces, stalu~es and bws ~ remic to Ule use or cmlea~n o[ the
Pro~'rt7 or IL', ~.olm~tm~ or Out relate to its a~.qunltlon It ~ .~1~($) provl~ II~III[IL~S O~ t,U~l~l~J~ Of SOl~'~eS for ndv~e or amlstunce. Ibe
BmL~(a) de not w,~rrant the m'vr. ea et* Ou udvaon or tber fmdu~ts and cannot wnrrunt tl~ ,nntnt~Tay of pmlx~ty *o be acquwed. The Bm~s) dn
not warrant that tie Seller w;n dm:lace any nr all pmpm'ty ~tesls or other nmlte~ pertaining to the PmpenT or ~s sandmen. Both Sedkn' nnd Pmcluast
ngwee Io mdemmfy defead, and led file Brokm(s) lzel~paLmll mtlus trmlMcOtm?nnfoas frem and apnost any and nil h?lous, chris, debeL dmeagas
cas~s ,md e%Tem0s, m~lndm& but not ~ to ~tsnoab~e uttomeys' leas eao corot cos~ ~ehted to or anita8 o~ os e~ m any way conn~:t~l to
representa tmnsa beut g~ l~oJ.Vrly or nmllers eaaly'/~ed by e~p~ts In a'tl~":q~, to Iha axlcnt pcnmllcd by ,~'dhfr* hw, Hmke~a~f Imbffi'Y fm* c~r~. and
o~mstons, nogll~ctL~., or og,~twme es b~lled to lite miufl! at gte Fac, f ~y, pmfl to die Orris) pm~leat to this Cea~acL
~ Copvr, sht 1996 %ITCAR h,m 01 (I/96) l~/17/l~# Pa~. 6
O Counterpn~s 'flus Cont~t.t army bc exccutcd m a ntanbcr of ~lcnt~al ~.ount~ Each cotmtcrlmn m dmnnnd nn orl~ml nnd all
cotatt_--~arm e~all; co~ec~ely conmm~¢ on~ agmn~nt
p Gena,.~,Number Unles~thecontoxtrequ~esotl,d~se,,,npnmmmsusedrntha¢~ntrcctshnlbeco~to~o~
wh~th~ u~J m thc n'm~ul~, re....., or ~utor gcndcr Words m thc ~ number sh~ll be cm~m~'d to ~.lude ~he pim'al, and words m thc
shall be cm~ttugd m ~c~d~ ~
~ Mcdmlmn~ If any d~pu~ ames rebtmg m thts Convict (the 'T)mpule*). mclt~ but not lm~gd to Imymm~t of d~ Fee: ~ uny pm'r/
(n~,h~bng tl~ Bmbeffs)) n~v swe wmt~.n muce lo ~c o~cr party(s) rcqu~ ~ nit revolved pnrtm m u~empt to re~ve the D~ut~ by medmtmn.
m tl~ ,,z~,un-~tancc~ when a pnay ~e.n..~ombty h~uve.~ thnt on ~llcnb~ smtu~ of lmumuons pe~d ~ nbom to expme cra pm~ r~lmres mjm~:m,e
cqmrable rcl~.£ thc pn,'~cs a~e ob~ntod tn u~e dm mednt~n Meeahn~ j~r t~ nt~ntmg ~ ar any otber nct~n. Wltl~n seven ~ dnvs after
r~.~e~vmg the medmtxm m~ce, each paP. v must defwe~ a w~den destgmm~ to ail ether partes stmmg ~ names of one or n~rc ~ als w~h auth~
to rcsok, c the D~pu~ ~ such pmty'e behalf W~thm t~n [ 10) days ~ the de*,- ~' d~-s~naum thc partes s~all ~ e geed ~ effort to s~lect
q~bficd mudmtor to medntc tl~ Dmpu~. Il tlc pm~'~ ~rc mmb~ to t.~ely a~nc ~ a motuully acccptol~e medmnr, ~he pnr~s sh~l n~quest any
prmnpOv d~mtc u mt~m~y convement ~nc and p~cc Jot th~ mgdmtmfl wiuch n no ktor than th~ly t ~lO) c~ys after smccmn tn mc n~.u~tm' m
mcclint]on, each fmW slm~ be represented by pc~som ~ uuflmrp, v ~md dntcretm~ to ~gomto a rcsohmn of the Dt~u~, and amy be ~-~'eeentod by
~.otn~[ The sn~d~ton ~be[[ be govel~-d by thc p~w,'mm of' Clmptor 1~.4 et the Tex~s Rcmcd~.~ and Pmct~e C~le. end such othcr rules as
incdmt~r amy l=rcscn'be The lees nnde~emes et the medntw slmt~ be ~muedequall~ ~ a]lpartcs s~lndcd m thc Depute
R Arbltrntiota. 1~" ~ pilots arc urt~ to f~.~otve any Dt~putc by m~ty~L tht.-n tl~ parts, s agree ~ su~m/0~ D? ..to ~
bdorc a smgb arb~utor The Depute shnn b~ tlcc~ded I~ nd~'uuo~ m uc~lancc wah ~ app..able arbsWnt~m stotu~ nno me mca e~-tmg rua~s
od~'pames Wehm,,.n(lO'~daysaftertherccc~.bya~pml~esotthewr~ennom:aofdmmndtornn'~lran~m me--siren ,-~pttosc~acta
qtmhfied ar'o~'aior who t~ a,.ccfltnbk, to ~J fmrueq It' ~c ~ arc ramble to aLteC upml an ~l~r, ttm' who ~ acceptabk to aII po~ ~ ~a-ty
rmy app~ to thc Amencm~ Art~'aUon Aa~qcmt.~m to pm~de un drb,,tn~ ~ ak~c~r~..~t to nthdmtc ~hag b~ ~.~gy e~/olc~.~g u~
~ev~ n~a~n ~w
~ Con~ult ~ A~mey ~s~ ~tu~nt b ~ end.ebb, bg~ b~ ~e~ Read It c~ ~ Bm~) m~
l' ~D.ION~PRO~ON' f~ ~]
Refe~ed to ~ Addemd~ "A
It ~s understood ~d agreed ~e Seller of ~e Pmpenv described hereto being 6 173
acres out of the G Walker Smex Abs~ 1330 shill ~ve ~e right to rein ~y or ~1 of
the ~mprovemems including homes, mobile homes, ~d m~scell~eous eqmpment Seller
agrees to move ~om thc Propem at h~s~er om expeme on or bfom 30 days
closing
Th~s contract must be accepted or rejected on or before J~u~ 15, 1999
othe~se Seller shall deem ~t null ~d void ~d of no ~her tom or effect ~less
Purchaser h~ a reasonable request for extension of ume
DCop~thf i~ 1,ff~ARllMrcoI (I/~6) ~2/lT/Ig~ Page7
19 COAr'rRACT A~ OIlFER The execu0ufl of Il'dS Collt' ~t by lbe l-n~t part./ Io do ~o cansJstub:~ an uttef to pub:ha.se or sell the P~.octt7
Un, as within ~.en ( ~0 ... ) days tram t~ ,~.te ofexe~:uUon of t~ Contract bv 0g ~t pnr~ Oas C~ ha=ac!
EXECUTED aa I~ dates stat~l h,4ow to be effecl2vc m~ the f. ffe~.t.we Date
SE ! J -RR PURCIIASER
Natal, CL ~ N ~. i~ R D
· /,, , ~- ~ T~ N/A
A~s~ 1401 S ~L~ ~ 9 100 A~ 1009 ~
D~t ~ T~20~ D~t ~ 7620e
~/~ ~/~
TaxlD No N/A . . T~I~ No N/A
A~ 3020 ~ ~ ~ & % A~ 1009
Te~e 3a7-27~4 Fax -~- -~ -' Tek~ ~72-333-4258 F~ 940-59~-1931
'~ ~l~ COMPLY
htm~ g~lod to ~ I~ co~t of Mta fo~ for ~ve m a ~mcu~r T~s mai es[ate ~n~caon Con.ct
RANDALL SMITH & ASSOCIATES
NORTH TEXAS COMMERCIAL ASSOCIATION OF REALTORS~)
ADDENDUM C TO CONTRACT OF SALE
INSPECTION
Property Descrsption/Address' 1401 H ~,~t~Bzx~, ROIDrDII~,~OH '/6208
A. IrmpeCtlonPer~od Purclmsersh;dlhaveapeflodof
Effgca~ Dam (t~ ~tonPenod~ 1o ~ct t~ Pm~ ~ Io co~t fe~b;l~ s~es m~ P~c~=~s ~=~d ~e
of fit Pro~ny P~c~e~'s stags
~su~l,om (m) p~s~cal
~o~ pm~
co.non uf ~ Pm~ Pt~r ~ P~ePs ~mms, emp)oyees, co~ ~ co~cm~ s~ ~ fl= n~ of
~o~ em~ o~o I1= Pm~y ~ng m~ ~s~ ~ ~ ~n ~=o~b~ ~e ~.ce m Seller ~or ~lle~s
tc~ for p~s of
B Re~
O I Wltlun H~A ( ~/A ) ~S ~tcr ~ EffCCtl~ ~e, ~llcr s~l ~ll~r m P~cr a
Pmfessm~ E~er rcmo~ly ~cc~c to P~i~r, wire ts ~fictcm or ccntf~d m
s~rc~ en~en~
H~/~do~ ~c~s ~ ~t to ~l~ p~stc~ tc~s). ~ s~l comfy ~ a ~mm~ ~lh ~ c~m ~ S~ ~ 1~27
~ Z Wit~ ten (10) ~ys ~r t~ ~fectl~ Date, ~iler ~1 ~h~r to P~cr copscs o~ ~1 re~ m ~Ug~s ~ssesslon
yc~ ~nod ~oT to ~ ~fectl~ Da~
~3 ffp~c~cr ic~s tbs ~ct, P~r s]~l ~h~r lo ~l~r, ~ P~c~c~s c~mc ~ comc~o~ly Mth
snU~acto~ co~flofl or
~b~cn~ a ~t~n ~uce m Seller on or ~o~ d~ I~t ~ of t~ ~ctton Pcno~ ~ ~ rcf~lc ~lon of ~ ~st
~r t~s Comet (e~e~ ~or ~ wbch M c%~ssly s~ ~ tc~t~Mfl or tins co~t)
D ~cept~ EP~er ~os mt ~rlv ~ Jl~Jy ~Mg t~ Conill ~o~ t~ c~*~on o[ t~ ~ctmn Penod
(or ii P~l~cr
~c~er a~es to ~c ~ Pm~ t n s~ cu~m co~Uon Mt~ ~r re~se~mm or ~lcs o~ ~]er. c~cp~
~ objcCtlO~ w~ch Seller
~scmmtom or ~es ~ller ~ ~ m flus Comfit
P~ to tls
g~ Ct.'l~ll~! I~ NTCAR ~xmOl.C (I/~)
RANDALL SMITH & ASSOCIATES
NORTH TEXAS COMMERCIAL ASSOCIATION OF REALTORS~
PROFESSIONAL SERVICES AGREEMENT
EXCLUSIVE BUYER REPRESENTATION
Th~s Professional Servicos Asreement (the "A~ment-) ~s entered into by and between
· bo ct~r o£ ~on, ~u, x a~,~Latp~t co~l~ora~Lon (the ~Pnacipal-)
and ~ s~x~ -. asscc~a~zs 0he "Broker")
In com~dermon of the ssmcos of Broker and tl~ agreements co~tr~d heroin, Pnnc~pel and Broker agree as follow
A. Term ThetennofthisA~reememco,~,..,~ocesonitsoxecntlOn~wdloxpxreon apr~.l 3o~ ~.999 (the"Bxplra~onDate-)
B Appointment. Pn~lpol hereby appolnts Broker as Prmclpal~ o~clusrm real estate a~nt to asmst Principal in se~ch,-~ for,
loc~m~, and e_~Ltafl~g real propoflles for :,,--,, ,,; Jx~rcl~se, ~ to ssslst m t]~ n~otlntxom le~h~ to an ~reomem to
purchaseaprepertytype~eerallydoscn~eedas 14o~. s ~ayh3.1~. l~oadr D~nt:on CounL-¥t
mtlmltbemmketamadoscnbedas East: s~.d~ o~r Mayh~.l]. Road~ Ror~h
of Foster Roadr ,Sou~ch of ~ ~wor Plan~: Road and West: of o~.L-~ of l~nton properS- (~h~ ~rket Area')
C Broker's Duties Ami Authority
1. Broker will act on Pnncll~l's be~mlf to (1) so.ch for, asqu~e mform,mon abeuL a~d c~lu~c amiable propomcs m thc
Marke~ Area wluch a~ mutable for Pnucipel's mteeded use or purpose, (u) present to Pnmlpal those propomos winch sa~fy
Pnoclpai's reqUL, emems, And Oh) assisl Pfluclpol in m~oV~tn~ tho terms And cond~floas for the poten~.! 1.... oe purchaso of the
property Broker is ,kereby ~ra~cd thc solo asd oxclusi~ n~l~ to ssa~ch for propomes mthm thc Ma~t Area And nc~t_~ on
Pnmlpal's behalf m connec~on mth the lease.~ pu~chsse of propomes within the Ma~t Area don~ the term of tins A~emen~
Principal shall mt e,?? any other brokers to ~ct in ~ c~poclty on Pnnclpol's behelf ~fl~n thc Market Ama durm~ the tonn of
flus A~eeme~ Broker [c~¢~ ~m~] ~ m · m uot m~h~rlsed to disclose PrmClpOl's identKy to or. ere of propellles, real esL3~e
brokers asd o~ker pomas in se~ch~n~ for propemos And sssi~n~ ruth m~oUmom
2, Broker may enlist the effo~s of Broker's sales aasoc2tes mu~ may sehclt And enhs$ ~be coopora~on of other real esL~e
brokers Broker m~, .~,~.~ Pflncipei~ requmm~,~s m a computer on-hoe comr--'.relal prol~rty nem~rk m order to ob~n ~be
assistance of otber brokers and owners Broker may not, howe¥cr, sssi~n flus A~reeme,e mthont the written coascnt of Pnuclpal
3. Broker m~l Broker's sales aasOClatos wl]l doyot~ an sn~qnt of t~me al~ effol't Oll Prl~ll21's hehalf as Broker, m Broker's
sole d~screUon, do~nnmes ~cossary to carp/ont the du~ee dascnbed m ~s A~ecwe~.nt Broker And Broker's employees,
affiha~s, And asseomtes are ent,fled to en~? m other basm~as acfl~t~es mcl-~m~ bnt not !~mKed to, representm~ other
pnnclpals,
hsUn~ properties for sale or lease, a~d presen~n~ the same proposes to other prospects
4. Broker shall not core,mt Pnno~pel to any a~eoment unless Pl~Clpol J~l~S Broker written ~tl~n.~t~on to do so
D Principal's Obligations.
1. T~ ~m~rsl~ned person has the ~th~flty a~l capeclty to e2cnte th~s A~coment And to brad Pnuclpol to the obh~at, oas set
forth m flus .~reeme~, in~ludi~ the obh~a~on to p~ the Fee (defined below) to Broker
~ PrlliClp~ a~r~s to con'h~-~ ~s efforts to loca~ mutable prope~y for Pnnclpoi's use through Broker Ami slml! not en~? any
other real ornate brokers to co,~,~.~ no~ot!~oas for the lease, l~UChase or other acqmsmon of any property m the Market Area
doro~ ~ tellll of this A~reem~nt al~ ~ ~xtesslOas or r~newals of flus A~l~D~nt PrmclpOl a~roos
mqmnes And offers recoimd by PrinCll21 w~h mspoct to tho sas~ch for propomes w~!hm the Market Ares, to cooperate fully w~th
Broker m loc~n5 propomes And m ne~.~n~ ~.~ ;; pmchaso s~eemems, And to mfonn all propony ow~rs And their real osmc
a~ents of Brokers o~clualve roprese~t~on of Pflncipel as es~abhshed by tlus A~recmcnt Durm~ tbe Protection Period (dcfimd
below), Pnnclpel shsll c~nt~mm to mco~m~ Broker as Pnnclpal's e~clumm ~ent m acco~ w~th the terms of flus A~reement
ruth respect to any property winch has been subnu~edby Broker to l~ompol donna the term of tins AAreement
E. Professional Service Fee. If P~mcipol l .... prschascs any propcrty w, lnn the Mmket Area, w~th or w~ont
asmstacc of Broker, don~ the term of fins A~rsemont or any emnmon or ~enewal of flus A~eement, then Pnumpol sssores
payment to Broker of a profoasmnal asr%~ce fee (t~e ~ee') m cash at the consmn,mmon of the ~ pmchaas of each property m
soam0untcqualto ~;:)~_-:,'-'; ;:r(2~ £iv~ parmant off purchase pr~.c~ pa~Ld at
not: t:o -,__-___~ $2~000 00 Ho 1~.,'o£esstonal ~arv"J. ms b t:o bo pa3.d should C~.~-y HOT aoqu:Lr~ pr~p~r~y'
O Copynsht 1996 NTC,4~.lbsm (]9 (1~') P~ by' ~ N W'd~ 01/26/t9~9 Pa~e 1
~,~ ~ .... ~: ........ , ....
F. ~mt~on ~e~od. ~ to ~ w~ ~ ~ ~o E~n D~, ~ F~ ~ bo
oq~b~ m~ m a ~ (mo~ ~ ~u~t for ~ or ~ ~n m p~ or ~
~y co.rain, p~, ~omt Y~, or o~ o~ o~ (m who~ or m p~) or ~
P~ or ~ o~oor, ~or or ~r of
H. ~ed~ ~a~onsh~p.
I. Fmc~ ~u~o~s Bmk~ ~ ~ow m PmcF~ ~ w~ B~ hm ~ for ~ ~= ?~. ~ F~c~
~ bo~ Fmc~ ~d ~o o~ m ne~m for ~e ~ ~; ~ of ~e pm~ ~ ~ ~en~ Brakes ~mpe~n
may ~ p~ by ~e o~er m ~ ~ ~ ~ms of Bm~s ~g ~t ~ ~e o~.
be p~ a fee by Fmc~ A ~ ~ b~r ~o am ~ ~ m~ b~ p~ m a
~ may not d~sdo~ to ~e buy~ ~at ~e ~ ~~ ac~pt a p~ I~s ~ ~e ~ng
pn~ units o~e~e ms~ m a sep~ ~g by ~e ~i~ ~;
b. may not dbdo~ ~ ~e ~ ~ ~at ~e buy~ ~ ~ pay a
subm~ed m a ~ offer~ ~e se~ ~; ~:~.~ units o~ ms~ m a sep~ ~g by ~e buyer or
~ may not ~ose ~y ~nfid~ mfoma~on, or ~y mfo~a~on a p~ sp~fl~y
es~ b~r m ~g not to d~sdo~ un~s o~ m~ m a s~ ~ng by ~e ~p~e p~ or
o~e~se ~mmd ~ ~s~o~ su~ mfo~on by ~e T~ ~ Es~ L~ A~ or a cou~ o~er, or
mfo~aUon mangily ~ ~ ~e con.on of ~e p~,
d. sh~l t~t ~ p~ ~ ~e ~sa~on hon~y; ~d
~ sh~ comply ~ ~e Te.~ F~ Em~ L~ A~
2 Appom~ B~k~ m ~o~ m ~m~ ~ ~v~m~ ~ no~ ~ ~ p~ one or mo~ ~s
~cmted w~ Bmk~ ~ ~ ~ ~d ~ out m~ns of one p~, ~d one or mo~ o~er ~cn~s
~cmted ~ Bmk~ ~m~a~ w~ ~d c~ out ~ns of ~e o~ p~ or ~
~pom~d ~n~ m~ p~ ~ md ~ ~ ~e p~ ~ whom ~e ~ a ~m~
L ~lmmer F~ ~*~ ~ a ~ e~ bm~r ~ ~mhFmd ~ ~ on ~ co~e~
asslstaacc on such minters Broker does not m~suBate a pml~rt~'s comph~e with bmldm~ CO~S, ~o~rmnenlsl oxthxlallces,
statutes or la~s that,relate to the use or coadit~on of a propert~ or xts coml~uctmn, or that relate to its acqmsmon. It* Broker
pm~des names of cOnSUlt.nts or sero'ecs for ad. ce or ~ss~slsace, Broker docs not warrant thc services of thc advtsors or their
products ~nd c--,~t warn~ tl~ smtabflxty of properly to be acqum~d or leased. Broker does not warram that lbo owner of the
property wiU &scloSe any or all property defents or other mntt~rS pertmran~ to the property or Its condmol~ ..........
I~X'l~flS~S, ~JICl'"'i"[ OUt llOt
'-: ~-:--?,- --"'~"--~ ::"C ~ ~'--:.*' ~ ,-- ,.-.-'~ :: '~ ?c --2'.:... ,-.,;" ---i;-=" ~' :.'.,....L.'~ In addmon, to tbe exam p~rmfllod by apphcable law,
Broker's habihty for Brokcds breach of flus Agrecman/, neghgeace, or ofl~ervase, m hanted to the return of the Fee, ff any, paid to
Broker pursua~ to this
J 1~hscellaneons.
I Notices Any notice ~md~r this Asreement taunt be m writing and will be deemed deh~red on thc earher of 0) actual
recetpl, ff deh~red mpemonor by messan~r with e~,ldeace of deh~y, tn) receipt of ~l electrom¢ facslm!l~ ~siOll (~'ax")
w~th coefh-TflaUon of delivery, or tm) upon deposit m t~ U S mall, first class post%o~ prep/ad, and ~ndrcssed to tile intended
recq)~eni at lis respea~/ve ~-t4reas set forth below, or s~ch other address as may be subsequently desl~mmted m writing by the
reloaded recipient
2. Legal Expenses. T~g pmvmhng party m any l~al pmcee~hn.~- brougbi tn rela~on to tlas Agmemem shall be entitled to
reco~r from the other party reasonable attorneys' fees, pm-2!~omem mtereat as allom~d by law, and ail otber costs of collection
~d~Uon to the Fec and aay other compema~on payable beremtder
3. Seversbillty. ]if Blly pl'OVisren of ~ A~r~ll~nt IS £otmd to be mvldld or tmcnforeeable by a cour~ of ¢ompetem
juns&clion, tl~n the invalid pro'vision mil be deemed to be deleted from tbs Agreement. and the rcmmnd,~r of flus A~reemem vail
co~,~m~ to be vahd a~d in full for~e and effect
4. Binding Effegt. Tins A~mement m bmdm~onaadvall mum to
and assigns Howe~r, tbs Agreemeat may not be asm~md by ettl~r paW] witbouI the written cement of the offer pa~y T~s
,agreement commn~ the entire asrccmen! and ,m~ln,~o~ of the pames, and tt may not be mo&fled, canceled or tcnmnatcd
except by an agreement m wnUng execnted by both l~Ues If ties Agmeme~ is ex, cured by more th~n One PrLne~pal, tt shall
constitute tbejou~ and sorrel obhga~om ofeachPru~pal Pnneipal aclmowlcdscs that Pnnetpal bas read flus emire Agrecmem,
,nde_.rstaads ~t fully,/md lms bad an opportumty to re~ew ~t with an aUomgy of Prmcipal~ cbome Prm~tpal and Broker each
aclmowlcdgc recetpl of a fully c~¢nt~d ~opy of flus ABr~cment.
5 Governing Law. ~lusAgreements~mllbe/~ovemedbyaadeo."`hu~dmacco~deaccwiththelawsofLbg$tateofTexas
6. Exhibits Any exhibits or aPJ~hlncvLs to thru A~r~oment arg hereby lacorpmlUcd as a p~ of ~ Agrccmeat
Thru A~mmt is ex. arid m four ongmal counterpa~ ~d ~ ~ ~ ~ ~t ~m ~ea& &e ~a~s ~
P~P~ BRO~R
2~5 E ~ 8~ ~ ~009 ~
~n~Onr ~s 7620Z
Te~pho~ 940-349- 8444 F~ 349-7334 To~onc 940- 2o6-~e7 F~ 940-59Z-i931
~ofE~on ~ ~ I~ ~ofE=c~n
ATTEST
Jennifer Walters, Oty Secretary
APPROVED AS TO LEGAL FORM
Herbe~[L Prouty,,~C~ty ~,~torney