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Home My WebLink About14387 ORD - 07/19/1978a_ JKH:hb:7 /17/78 AN ORDINANCE AUTHORIZING THE CITY MANAGER TO CONVEY BY WARRANTY DEED WITH VENDOR'S LIEN TO JUAN E. VELA AND WIFE, SOVEIDA T. VELA, THAT TRACT OR PARCEL DESCRIBED AS LOTS 27 AND 28, BLOCK 11, STEELE ADDITION TO THE CITY OF CORPUS CHRISTI, NUECES COUNTY, TEXAS, FOR A CONSIDERATION OF $2,900, ALL AS MORE FULLY SET FORTH IN THE WARRANTY DEED AND PROMISSORY NOTE, A COPY OF EACH BEING ATTACHED HERETO AND MADE , A PART HEREOF, MARKED, RESPECTIVELY, EXHIBITS "A" AND "B "; AND DECLARING AN EMERGENCY. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: r SECTION 1. That the City Manager be and he is hereby authorized to convey by Warranty Deed with Vendor's Lien to Juan E. Vela and wife, Soveida T. Vela that tract or parcel described as follows: Lots 27 and 28, Block 11, Steele Addition to the City of Corpus Christi, Nueces County, Texas, (also described as 2923 Morris Street), and any improvements situated thereon, for a consideration of $2,900, with the purchaser to pay $1,200 down and the remainder in 36 monthly installments of $51.17, all as more fully set forth in the Warranty Deed and Promissory Note, a copy of each being attached hereto, marked Exhibits "A" and "B ", respectively, and made a part hereof. SECTION 2. The necessity to authorize conveyance of the aforesaid parcel or tract of land in order to return the same to the tax rolls at the earliest practicable date creates a public emergency and an imperative public necessity requiring the suspension of the Charter rule that no ordinance or resolution shall be passed finally on the date of its introduction but that such ordinance or resolution shall be read at three several meetings of the City Council, and the Mayor having declared that such emergency and necessity exist, and having requested that such Charter rule be suspended and that this ordinance be passed finally on the date of its introduction and take effect and be in full force and effect from and after its passage, IT IS ACCORDINGLY SO ORDAINED, this the / 9 day of July, 1978. ATTEST: 0ty Secretary APPROVED:/�7 DAY OF JULY, 1978: J. BR AY CK, CITY ATTORNEY By Assistant Attorney Z?wz" MAYOFf[o•Tem THE CITY OF CORPUS CHRISTI, TEXAS HICROFILMED, 14387 JUL 0 8180 #cu`sP 'WARRANTY'DEED'WITH VENDOR'S LIEN THE STATE OF TEXAS KNOW ALL MEN BY THESE PRESENTS: COUNTY OF NUECES j I, R. Marvin Townsend, the duly appointed City Manager of the City of Corpus Christi, a municipal corporation of the County of Nueces, State of Texas, for and in consideration of the sum of Ten and No /100 ($10) Dollars and other valuable consideration to the undersigned cash' in hand paid by the Grantee herein named, the receipt of which is hereby acknowledged, and the further consideration of the execution and delivery by Grantee of his one certain promissory note of even date herewith in the principal sum of One Thousand.Seven Hundred Dollars ($1,700), payable to the order of Grantor in monthly installments and bearing interest as therein provided, containing the usual clauses providing for acceleration 'of maturity and for attorney's fees, the payment of which note is secured by vendor's lien herein retained, have GRANTED, SOLD and CONVEYED, and by these presents do GRANT, SELL and CONVEY unto Juan E. Vela and wife, Soveida T. Vela, of the County of Nueces, State of Texas, all of the following described real property and improvements situated thereon, in Nuece's County, Texas, to -wit: Lots 27 and 28, Block 11, Steele Addition to the City of Corpus Christi, Nueces County, Texas (also described -'as 2923 Morris). - - TO HAVE AND TO HOLD the above described premises, together with all and singular the rights and appurtenances thereto in anywise belonging unto the said Grantees, their heirs and assigns forever; and I do hereby bind myself, my successors and assigns to warrant and forever defend all and singular the said premises unto the said Grantees, their heirs and assigns, against every person whomsoever lawfully claiming or to claim the same or any part thereof by, through, or under the City of Corpus Christi. But it is.expressly agreed that the Vendor's Lien, as well as the superior title in and to the above described premises, is retained against the above described property, premises and improvements until the above described note and all interest thereon is fully paid according Nit pp'.' Nz�� to the face, tenor, effect and reading thereof, when this Deed shall be- come absolute. EXECUTED this day of 1978. ATTEST: CITY OF CORPUS CHRISTI tity Secretary - BY R. Marvirt Town . send, City Manager APPROVED: DAY OF 1978: J. BRUCE AYCOCK, CITY ATTORNEY By Assistant City Attorney THE STATE OF TEXAS COUNTY OF NUECES Before me, the undersigned authority, on this day personally appeared R. MARVIN TOWNSEND, City Manager of the City of Corpus Christi, Texas, a municipal corporation, known to me to be the person and officer -whose name is-subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed and in the capacity therein stated. Given under-my hand and seal of office this the day of 1978. Notary Public in and for Nueces County. Texas "44 9g'447,1 4 PROMISSORY NOTE $1,700:00 Corpus Christi, Texas, July , 1978 For value received, I, we, or either of us, as principals, agree to pay to the order of the City of Corpus Christi, Texas, in the City of Corpus Christi, Nueces County, Texas, the sum of One Thousand Seven Hundred and No /100 Dollars ($1,700), in legal and lawful money of the United States of America, with interest thereon from date hereof until maturity at the rate of five and one - fourth per centum (5 -1 /4X) per annum matured unpaid principal and interest shall bear interest at the rate of ten per centum (10X) per annum from date of maturity until paid. This note is due and payable as follows, to -wit: In monthly installments of Fifty -one and 17/100 Dollars ($51.17) or more each, from each of which installments the accrued interest on the entire unpaid principal shall be first deducted, and the remainder applied to the payment of the principal, the first of which installments is due on or before the day of 1978, and the others regularly, one upon the day of each succeeding calendar month thereafter until this note, both principal and interest, has been duly paid. Payment hereof is secured by a Vendor's Lien expressly retained in deed of even date herewith executed by R. Marvin Townsend, City Manager of the City of Corpus Christi, to the maker here- pon the hereinafter described real property, to -wit: ~ Lots 27 and 28, Block 11, Steele Addition to the City of Corpus Christi, Nueces County, Texas (also described as 2923 Morris Street) and all improvements situated thereon. It is expressly provided that upon default in the punctual payment of this note or any part thereof, principal or interest, as the same shall become due and payable, the entire indebtedness evidenced hereby shall be matured, at the option of the holder. In the event this note, or any part hereof, is collected through probate, bankruptcy or other judicial proceedings by an attorney or is placed in the hands of an attorney for collection after maturity, then the undersigned agree and promise to pay a reasonable attorney's fee for collection, which in no event shall be less than 4 r- • ten per cent (10 %) of the principal and interest then owing. Each maker, surety, and endorser of this note expressly waives all notices, demands for payment, presentations for payment, notices of Intention to accelerate the maturity, protest and notice of protest, as to this note and as to each, every and all installments hereof, and each consents that the payee or other holder of this note may at any time, and from time to time, upon request of or by agreement with any of us, extend the date of maturity hereof or change the time or method of pay- ments without notice to any of the other makers, sureties or endorsers, who shall remain bound for the payment hereof. -Juan E. Vel a over a T. Vela �z Corpus Christi, Tex s _day of 19W TO THE MEMBERS OF THE CITY COUNCIL Corpus'Christi, Texas -For the reasons set forth in the emergency clause of the foregoing ordinance, a public emergency and imperative necessity exist for the suspension of the Charter rule or requirement that no ordinance or resolution shall be passed finally on the date it is introduced, and that such ordinance or resolution shall be read at three meetings of the City Council; I, therefore, request that you suspend said Charter rule or requirement and pass this ordinance finally on the date it is introduced, or at the present meeting of the City Council. Respectfully, OR Fro-Tom THE CITY OF CORPUS C ISTI, TEXAS The Charter Rule was suspended Gabe Lozano, Sr. Bob Gulley David Diaz 'Ruth Gill Joe Holt Tony Juarez, Jr. Edward L. Sample :e: The above ordinance was passed by Ahe following vote: Gabe Lozano, Sr. Bob Gulley David Diaz Ruth Gill Joe Holt Tony Juarez, Jr. Edward L. Sample 34387