HomeMy WebLinkAbout19198 ORD - 02/25/1986•
AN ORDINANCE
AUTHORIZING THE EXECUTION OF THE DOCUMENTS NECESSARY
FOR THE ACQUISITION OF PARCEL NO. 3 IN CONNECTION WITH
THE BAYFRONT SCIENCE PARK EXPANSION PROJECT;
APPROPRIATING $70,665.00; AND DECLARING AN EMERGENCY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
TEXAS:
SECTION 1. That the City Manager be authorized to execute the
documents necessary for the acquisition of Parcel No. 3 in connection with
the Bayfront Science Park Expansion Project, Project No. 209-85-2.1, a
substantial copy of which is attached hereto and made a part hereof, marked
Exhibit "A."
SECTION 2. That there is hereby appropriated $70,655.00 out of
the Convention Center Bond Fund.
SECTION 3. That upon written request of the Mayor or five
Council members, copy attached, to find and declare an emergency due to the
need to take immediate action to preserve and protect public property by
expediting the purchase of land necessary for the abovementioned Bayfront
Science Park Expansion Project, such finding of an emergency is made and
declared requiring suspension of the Charter rule as to consideration and
voting upon ordinances or resolutions at three regular meetings so that
this ordinance is passed and shall take effect upon first reading as an
emergency measure this the 25th day of February, 1986.
ATTEST:
Ciecretary MAYOR
THE CITY OF CORPUS CHRISTI, TEXAS
APPROVED:
2S DAY OF FEBRUARY, 1986
02G.121.02
19198 MICROFILMED
BAYFRONT SCIENCE PARK EXPANSION (1985-p)
Parcel 3
REAL ESTATE SALES CONTRACT
THE STATE OF TEXAS X
COUNTY OF NUECES X
This memorandum of agreement made and entered into by and between
Luis Rosario Corona and wife, Edna Reyes Corona,
hereinafter called Seller(s), of the County of Nueces, State of Texas,
and the City of Corpus Christi, hereinafter called Buyer, of the County
of Nueces, State of Texas,
W ITNESSET 11:
1. The Seller(s), for the consideration and upon the terms here-
inafter set out, hereby agree(s) to sell and convey unto Buyer, and
Buyer agrees to buy the following described property situated in Nueces
County, Texas, to -wit:
Lot Four (4), Block Sixty (60), BEACH PORTION, an Addition to
the City of Corpus Christi, NUeces County, Texas, according to
the map or plat thereof, recorded in Ifolmse A, Page 3, Kap
Records, Nueces County, Texas.
Page 1 of 4
b" 1 h iq,1
2. The purchase price is Seventy Thousand Dollars and no cents
($70,000.00).
3. The Seller(s) shall provide at the expense of Buyer, a title
insurance policy, without exceptions to said title being made in said
title policy, which policy shall wholly insure and indemnify the Buyer
against any title defects or adverse claims thereto. Said title in-
surance policy shall be issued through a reliable title insurance
company and shall be delivered to the Buyer on the date of the
closing of this transaction.
4. Upon the securing of the title insurance policy provided for
herein, Seller(s) agree(a) to deliver at the expense of Buyer a good
and sufficient general warranty deed drawn in accordance with the pro-
visions of this contract, properly conveying said property to said
Buyer, and Buyer agrees thereupon to make the cash payment.
5. All taxes to be paid by Seller(s) up to and including the year
1985.
6. All current taxes, if any, are to be prorated between the Buyer
and the Seller(s) for the year 1986 to date of closing, except as may be
herein otherwise provided.
7. Buyer has this day deposited with the title insurance company
or title guaranty company the sum of $3,500 as earnest money
hereunder to be applied on the cash payment above set out when the
transaction is closed, at which time the balance of cash consideration
shall also be paid. Should the Buyer fail to consummate this contract
as herein specified for any reason, except title defects, the Seller(s)
shall be entitled to receive said cash deposit as liquidated damages for
the breach of this contract, or may at their option, enforce specific per-
formance hereof. When the executed deed and any other necessary exe-
cuted papers and the balance of the cash payment are in possession of
the title insurance company or title guaranty company said title company
will close the transaction in accordance with its usual and customary
"Real Estate Sales Contract"
BAYFRONT SCIENCE PARK EXPAN.
Parcel 3(Corona)
2
procedure. In the event Seller(s) fail(s) to tender a deed conveying
said property in accordance with the terms of the contract within the
time provided herein, the Buyer may enforce performance of this contract
by an action for specific performance thereof.
B. The Buyer agrees to accept title subject to all outstanding
restrictive covenants and use restrictions, if any, of record, and all
city zoning and regulatory ordinances, if any, applicable to said
property.
9. It is understood by all parties hereto that this transaction
is to be closed through the title insurance company or title guaranty
company on or before ninety (90) days from this date. Possession to
be given to Bayer upon
Seller(s).
execution of "Warranty Deed" by
10. By Seller(s) execution hereof, Seller(s) acknowledge(s) that
he (she) (they) have read this agreement and understand that this a-
greement is not binding on Buyer until properly authorized by the City
Council and executed by the City Manager of the City of Corpus Christi,
Texas. It id further understood, however, that Buyer must execute
this agreement within sixty (60) days from the date of Seller(s)
execution or this agreement shall be null and void and none of the
provisions hereinabove set out will bind either party.
"Real Estate Sales Contract"
BAYFRONT SCIENCE PARK EXPAN.
parcel 3(Corona)
3
EXECUTED in triplicate, either copy of which shall constitute an original, on
this day of , 198_.
Luis Rosario Corona
CITY OF CORPUS CHRISTI, TEXAS
By
Edna Reyes Corona
SELLERS
ATTEST:
Armando Chapa
City Secretary
APPROVED:
Ernest M. Briones,
Acting City Manager
BUYER
DAY OF , 198 .
J. BRUCE AYCOCK, CITY ATTORNEY
By
Assistant City Attorney
James K. Lentos, P.E.
Assistant City Manager
THE STATE OF TEXAS 1
COUNTY OF NUECES 1
This instrument was acknowledged before me on
Luis Rosario Corona and wife, Edna Reyes Corona.
, 198_ by
Notary Public in and for the State of Texas
(NOTE: Please print, type, or stamp name +
expiration date of notary below)
THE STATE OF TEXAS X
COUNTY OF NUECES X
This instrument was acknowledged before me on _ 198_
by Ernest M. Briones, Acting City Manager for the City of Corpus Christi, Texas, a
municipal corporation, on behalf of said municipal corporation.
Notary Public in and for the State of Texas
(NOTE: Please print, type, or stamp name +
expiration date of notary below)
"Real Estate Sales Contract"
BAYFRONT SCIENCE PARK EXPAN.
Parcel 3
Page 4 of 4
CITY OF CORPUS CHRISTI, TEXAS
CERTIFICATION OF FUNDS
(City Charter Article IV Section 21)
February 24, 1986
I certify to the City Council that $ 70,665.00 , the amount required
for the contract, agreement, obligation or expenditures contemplated in the
above and foregoing ordinance is in the Treasury of the City of Corpus Christi
to the credit of:
Fund No. and Name 209 Convention Center Bond Fund
Project No. 209-8512.1
Project Name Bayfront Science Park Land Expansion
from which it is proposed to be drawn, and such money is not appropriated for
any other purpose. •
Bayfront Science Park Expansion(1985-p)
Parcel 3(Corona)
-acquisition $70,000
-closing costs $ 665
;$70,665
FIN 2-55
Revised 7/31/69
,=1,/,WAP
Corpus Christi, Te as
day of
•
, 1984,
TO THE MEMBERS OF THE CITY COUNCIL
Corpus Christi, Texas
For the reasons set forth in the emergency clause of. the foregoing ordinance
or resolution, an emergency exists requiring suspension of the Charter rule
as to consideration and voting upon ordinances or resolutions at three
regular meetings; I/we, therefore, request that you suspend said Charter rule
and pass this ordinance or resolution finally on the date it is introduced,
or at the present meeting of the City Council.
Respectfully,
Respectfully,
ouncil em ers
Y OF CORPUS CHRISTI, TEXAS
The above ordinance was passed by the following vote:
Luther Jones
Dr. Jack Best
David Berlanga, Sr.
Leo Guerrero
Joe McComb
Frank Mendez
Bill Pruet
Mary Pat Slavik
Linda Strong
19198