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Home My WebLink About19342 ORD - 06/03/1986AN ORDINANCE AUTHORIZING THE EXECUTION OF THE DOCUMENTS NECESSARY FOR THE ACQUISITION OF PARCEL 5 IN CONNECTION WITH THE TIGER LANE EXTENSION PROJECT; APPROPRIATING $176,173.50; 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 5 in connection with the Tiger Lane Extension Project, a substantial copy of which is attached hereto and made a part hereof, marked Exhibit "A." SECTION 2. That there is hereby appropriated $176,173.50 out of the Street 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 Tiger Lane Extension 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 3rd day pf June, 1986. ATTEST: City Secretary APPROVED: DAY OF JUNE, 1986 Ci y 07P.057.01 ney MAYOR THE C OF CORPUS CHRISTI, TEXAS 19342 MICROFILMED. Tiger Lane Extension (1981-s) Parcel 5 REAL ESTATE SALES CONTRACT THE STATE OF TEXAS X COUNTY OF NUECES X This memorandum of agreement made and entered into by and between J. C.Thedford, hereinafter called Seller(s), of the County of harris, State of Texas, and the City of Corpus Christi, hereinafter called Buyer, of the County of Nuecea, State of Texas, WITNESSET H: 1. The Seller(s), far 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 Nuecea County, Texas, to -wit: See: Page 2 Page 1 of 5 Being an irregularly shaped tract of land out of Lot 0, Block'2A, Byron Willis Sub- division as shown by map of record in Volume 45, Page 46, Map Records, Nueces County, Texas and more particularly described by metes and bounds as follows: Beginning at a point being the most westerly corner of abovementioned Lot 0; Thence N. 29° 00', along the northwest line of Lot 0, a distance of'60.0 feet to a point; Thence S. 61° 02' E., along a line that is 60.0 feet northeast of and parallel to the southwest line of Lot 0, a distance of 610.55 feet to a point; Thence along a curve concave to the left, being tangent to the last described course and having a radius of 209.41 feet, a dis- tance of 55.41 feet to a point, said point being on the southeast line of Lot 0; Thence S. 29° 00' W., along the southeast line of Lot 0, a distance of 67.29 feet to a point, said point being the most southerly corner of Lot 0; Thence N. 61° 02' W., along the southwest line of Lot 0, a distance of 665.32 feet to the point of beginning and containing 0.919 acres, more or less. "Real Estate Sales Contract" TIGER LANE EXTENSION Parcel 5 2. The purchase price is One hundred Seventy-five thousand Dollars and no cents ($175,000.00). 3. The Seller(a) 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(s) 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:,aaid 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(e) 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 $8750 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" TIGER LANE EXTENSION Parcel 5 3 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. 8. The Buyer agrees to swept title subject to all outstanding restrictive covenants and uoe reatrictiona, 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) day' from this date. Possession to be given to Bayer upon execution of "Warranty Deed" by Seller(s). 10. By Seller(a) execution hereof, Beller(a) 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 is further understood, however, that Buyer must execute this agreement within sixty (60) days from the date of Beller(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" TIGER LANE EXTENSION Parcel 5 4 EXECUTED in triplicate, either copy of which shall constitute an original, on this day of 198 J. C. Thedford SELLER ATTEST: Armando Chapa City Secretary APPROVED: James K. Lontoa, P.E. Assistant City Manager CITY OF CORPUS CHRISTI, TEXAS By Ernest M. Briones, Acting City Manager BUYER DAY OF , 198 . J. BRUCE AYCOCK, CITY ATTORNEY By Assistant City Attorney THE STATE OF TEXAS 1 COUNTY OF NUECES j 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) THE STATE OF TEXAS X COUNTY OF NUECES X This instrument was acknowledged before me on by "Real Estate Sales Contact" TIGER LANE EXTENSION Parcel 5 ' , 198 Notary Public in end for the State of Texas (NOTE: Please print, type, or stamp name + expiration date of notary below) 5 CITY OF CORPUS CHRISTI, TEXAS CERTIFICATION OF FUNDS (City Charter Article IV Section 21) May 12, 1986 I certify to the City Council that $ 176,173.50 , 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 220 Street Bond Fund Project No. 220-82-1 Tiger Lane Extension Project Name from which it is proposed to be drawn, and such money is not appropriated for any other purpose. • -acquisition Parcel 5 (Thedford) FIN 2-55 Revised 7/31/69 iv -J.6-1/ / (=•'; '7— , 19 J e I • f1 L Dilector of Fjancc Corpus Christi, Tex 3d day of , r • , 198a 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, Council Members MAYOR THE CIT 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 19342