HomeMy WebLinkAbout19859 ORD - 07/21/1987A RESOLUTION
AUTHORIZING THE EXECUTION OF THE DOCUMENTS NECESSARY FOR THE
ACQUISITION OF PARCEL 8 IN CONNECTION WITH THE AIRLINE ROAD
STREET IMPROVEMENTS; AND APPROPRIATING $19,437.
BE IT RESOLVED 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 8 in connection with the
Airline Road (Street Improvements, Project No. 561-86-10.1, a substantial copy of
which is attached hereto and made a part hereof, marked Exhibit "A."
SEDITION 2. That there is hereby appropriated $19,437 out of the 561
Street Bond Fund.
ATTEST:
City Secretary MOR
THE CITY OF CORPUS CHRISTI, TEXAS
APPROVED:/3gDAY OF
HAL GEORGE, CITY ATTORNEY
By
Assistant Ci / torney
06P.046.01
, 19k7
39859 MICROFILMED
REAL ESTATE SALES CONTRACT
THE STATE OF TEXAS X
COUNTY OF NUECES
This memorandum of agreement made and entered into by and between
Airline -Wooldridge Joint Venture
hereinafter called Selier(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 H:
1. The Selier(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: •
See Page 2
"Real Estate Sales Contract"
Airline Road St Imp
-Holly to Wooldridge
Parcel 8 [Airline -Wooldridge Joint Ven]
Page 1 of 8
Being an irregular tract of land out of Lot 1, Block 4,
Airline Subdivision Unit 4 as shown by plat in Volume 49,
Page 109, Map Records, Nueces County, Texas and further
described as follows:
Beginning at the northeasterly corner of the intersection of
Airline Road and Wooldridge Road, the southwesterly corner
of said Lot 1;
Thence North 2 degrees 28 minutes 35 seconds East, along the
eastern Airline Road right-of-way,, 300 feet;
Thence South 1 degree 08 minutes 23 seconds West, 285.159
feet to a point of curvature of a circular curve concave to
the northeast which has a central angle of 62 degrees 06
minutes 33 seconds, a Radius of 10 feet, a tangent distance
of 6.20 feet and an arc length of 10.84 feet;
Thence South .60 degrees 58 minutes 10 seconds East, 131.884
feet;
Thence South 55 degrees 43 minutes 55 seconds East, 120.503
feet; to a point on the southerly line of said Lot 1;
Thence North 60 degrees 58 minutes 10 seconds West along the
northern Wooldridge Road right-of-way, a distance of 260
feet to the point of beginning and containing 0.0738 acres,
[3,212.99 S.F.], more or less.
"Real Estate Sales Contract"
Airline Road St Imp
-Holly to Wooldridge
Parcel 8 [Airline -Wooldridge Joint Ven]
Page 2 of 8
2. The purchase price is Nineteen thousand Dollars and no
cents [$19,000.00].
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, Selier(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 said property to said
Buyer, and Buyer agrees thereupon to'make the cash payment.
5. All taxes to be paid by Selier(s) up to and including the year
1986.
6. All current taxes, if any, are to be prorated between the Buyer
and the Seller(s) for the year 1987 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
$1,000.00 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
"Real Estate Sales Contract"
Airline Road St Imp
-Holly to Wooldridge
Parcel 8 [Airline -Wooldridge Joint Ven]
Page 3 of 8
snail 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
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 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 Buyer 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 -
"Real Estate Sales Contract"
Airline Road St Imp
-Holly to Wooldridge
Parcel 8 [Airline -Wooldridge Joint Ven]
Page 4 of 8
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 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"
Airline Road St Imp
-Holly to Wooldridge
Parcel 8 [Airline -Wooldridge Joint Ven]
Page 5 of 8
EXECUTED in triplicate, either copy of which shall constitute an original,
on this the day of , 19_
AIRLINE-WOOLDRIDGE JOINT VENTURE
Mark A. Vickery, Managing General Partner -
SELLER:
ATTEST: CITY OF CORPUS CHRISTI
Armando Chapa, City Secretary Craig A. McDowell, City Manager
APPROVED AS TO LEGAL FORM THIS THE
DAY OF , 198 .
HAL GEORGE, CITY ATTORNEY
By:
Assistant City Attorney
"Real Estate Sales Contract"
Airline Road St Imp
-Holly to Wooldridge
Parcel 8 [Airline -Wooldridge Joint Ven]
Page 6 of 8
BUYER
THE STATE OF TEXAS 4
'COUNTY OF NUECES §
This instrument was acknowledged before me on this the
day of , 1987 by Mark A. Vickery Managing General Partner
of Airline -Wooldridge Joint Venture.
Notary Public in and for the State of Texas
THE STATE OF TEXAS 111111
COUNTY OF NUECES U111f
li
[NOTE] [please print,
type or stamp
name + expira-
tion date of
notary below.]
This instrument was acknowledged before me on this the
day of , 1987 by Craig A. McDowell, 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 and ex-
piration date
of notary be-
low each no-
tary.]
"Real Estate Sales Contract"
Airline Road St Imp
-Holly to Wooldridge
Parcel 8 [Airline -Wooldridge Joint Ven]
Page 7 of 8
TAKING 3,212.99 S,F.
REMAINING 365, 513.01 S.F.
AIRLINE SUBDIVISION UNIT 4
LOT I, BLOCK I
CURVE DATA'
• 62°06'33•
R • 10'
L • 10.8 4'
T • 6.02'
S 1° 08' 23 W 285.159'
W
N 2° 28' 35° E 300'
AIRLINE ROAD
AREA• 0.0738 ACRES
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CITY OF CORPUS CHRISTI, TEXAS
CERTIFICATION OF FUNDS
(City Charter Article IV Section 21)
July 21, 1987
I certify to the City Council that $ 19,437.00 , 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
Project No. '
Project Name
561 Street Bond Fund
561-86-10.1
Airline Road Street Improvements
from which it is proposed to be drawn, and• such money is not appropriated for
any other purpose. •
,; -Parcel 8 [Airline -Wooldridge Joint Venture]
• $19,000 acquisition
$ 437 closing costs
$19,437
FIN 2-55.
Revised 7/31/69
,a17, 976 9/
/116- '7/1/v7
/ZI2LL. 1/1/17
Corpus Christi, Texas
02� day of
The above resolution was passedby the following vote:
/�
Betty N. Turner (int
David Berlanga,, Sr. U
Leo Guerrero n
Frank Mender (�1,
= 4 •
Clif Moss C2
Bill Pruet'`;
Mary Rhodes
Mary Pat Slavik 64a10
Linda Strong
19859
99.066.01
, 1987