HomeMy WebLinkAbout20121 RES - 12/22/1987A RESOLUTION
AUTHORIZING THE EXECUTION OF THE DOCUMENTS NECESSARY FOR THE
ACQUISITION OF PARCEL 6 IN CONNECTION WITH THE PARK ROAD 22
UTILITY ADJUSTMENTS; AND APPROPRIATING $614.
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 6 in connection with the Park
Road 22 Utility Adjustments, Project 250-87-44-5.1, a substantial copy of which
is attached hereto and made a part hereof, marked Exhibit A.
SECTION 2. There is hereby appropriated $614 from the 250 Sanitary
Sewer Bond Fund.
ATTE. :
0
Ci- t3 Secretary
APPROVED: /7M DAY OF /2,r. , 19a-2
HAL GEORG ITY ATTORNEY
By
Assistant City Attory y
205rp001.res
THE CITY OF CORPUS CHRISTI, TEXAS
20121
City of Corpus Christi, Texas��
Property and Land Acquisition Division /s,
REAL ESTATE SALES CONTRACT ��
THE STATE OF TEXAS
COUNTY OF NUECES §
KNOW ALL BY THESE PRESENTS:
This memorandum of agreement made and entered into by
and between G. W. BILLINGS hereinafter called SELLER, 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 I T N E S SET H:
1. The SELLER, for the consideration and upon the
terms hereinafter set out, hereby agrees 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"
PARK ROAD 22 UTILITY ADJUSTMENTS
Parcel 6 [Billings]
Page 1 of 7
PARCEL 6
An irregularly shaped tract of land out of former Gateway Drive of Gateway
Park Subdivision as shown in Volume 7, page 59 Nueces County, Texas Map
Records, closed by City Ordinance No. 10823 and more completely described as
follows:
BEGINNING at the intersection of the centerline of said Gateway Drive and the
west ROW of O'Connell Street, same being the POINT OF BEGINNING OF THIS TRACT;
THENCE south 28°55' west, 10 feet along the west ROW of O'Connell Street;
THENCE north 61°50' west, 150 feet;
-THENCE north 28°55' east, 10 feet;
THENCE south 61°50' east, 150 feet along the center line of former Gateway
Drive to the POINT OF BEGINNING AND CONTAINING ABOUT .0344 acres.
"Real Estate Sales Contract"
PARK ROAD 22 UTILITY ADJUSTMENTS
Parcel 6 [Billings]
2. The purchase price is Three hunderd Dollars and no
cents [$300.00].
3. The SELLER 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 insurance, 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 agrees to deliver at the expense
of BUYER a good and sufficient general warranty deed drawn
in accordance with the provisions 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 up to and including
the year 1986.
6. All current taxes, if any, are to be prorated
between the BUYER and the SELLER 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
$15.00 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 shall also
be paid. Should the BUYER fail to consummate this contract
as herein specified for any reason, except title defects,
"Real Estate Sales Contract"
PARK ROAD 22 UTILITY ADJUSTMENTS
Parcel 6 [Billings]
the SELLER shall be entitled to receive said cash deposit as
liquidated damages for the breach of this contract, or may
at SELLER'S option, enforce specific performance hereof.
When the executed deed and any other necessary executed
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
fails 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
execution of the "Warranty Deed" by SELLER.
10. By SELLER'S execution hereof, SELLER acknowledges
that SELLER has read this agreement and understands that
this agreement 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"
PARK ROAD 22 UTILITY ADJUSTMENTS
Parcel 6 [Billings]
-4-
EXECUTED in triplicate, either copy of which shall
constitute an original.
Dated this
By:
G. W. Billings
day of
S ELL E R
CITY OF CORPUS CHRISTI, TEXAS
, 198 .
Dated this
Craig A. McDowell
City Manager
day of , 198_.
BUYER
ATTEST:
ARMANDO CHAPA, CITY SECRETARY
City Secretary
APPROVED AS TO LEGAL FORM THIS THE DAY OF , 198_.
HAL GEORGE, CITY ATTORNEY
By:
Assistant City Attorney
"Real Estate Sales Contract"
PARK ROAD 22 UTILITY ADJUSTMENTS
Parcel 6 [Billings]
-5-
si
THE STATE OF TEXAS §
COUNTY OF NUECES §
This instrument was acknowledged before me on this
day of , 198_ by G. W. Billings.
Notary Public in and for the State of Texas
THE STATE OF TEXAS 111111
COUNTY OF NUECES 111111
This instrument was acknowledged before me on this
day of , 198_ 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 & expira-
tion date of
notary public
below EACH
notary]
"Real Estate Sales Contract"
PARK ROAD 22 UTILITY ADJUSTMENTS
Parcel 6 [Billings]
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"Real Estate Sales Contract"
PARK ROAD 22 UTILITY ADJUSTMENTS
Parcel 6 [Billings]
Page 7 of 7
CITY OF CORPUS CHRISTI, TEXAS
CERTIFICATION OF FUNDS
(City Charter Article IV Section 21)
•
December 22, 1987
I certify to the City Council that $ 614.00 , 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.
250 Sanitary Sewer Bond Fund
250-87-44-5.1
Project Name , Park Road 22 Utility Adjustments
from which it is proposed to be drawn, and such money is not appropriated for
any other purpose. •
$300 [acquisition
.$314 [closing costs]
$614
Parcel 6 [Billings]
FIN 2-55
Revised 7/31/69
ArG-
/
Direct6r/of Finance
Corpus Christi, Texas n .'/L)'
aa, day of Q�LQI , 1987
The above resolution was passed by the following vote:
Betty N. Turner
David Berlanga, Sr.
Leo Guerrero
Clif Moss
Bill Pruet
Mary Rhodes
Mary Pat Slavik
Linda Strong
99.066.01
20121