HomeMy WebLinkAboutC2008-067 - 2/27/2007 - Approved
FIRST AMENDMENT TO
EXCHANGE CONTRACT
S THiS FIRST AMENDMENT TO EXCHANGE CONTRACT ("First
Amendment") is made and entered into as of February 25, 2008, by and between the City
of Corpus Christi, herein called "City", a Texas home-rule municipal corporation and
Corpus Christi Independent School District, herein called "District", a Texas school
dist3•ict.
RECITALS
1~VHEREAS, the City and the District have entered into that certain Exchange
Contract with an Effective Date of February 27, 2007 (the "Exchange Contract"} ;and
WHEREAS, in comiection with matters regarding resolution of title in the land
conveyed by the City to the District, more particularly described in "Exhibit A" to the
Exchange Contract (Lindale Park property}, the City and the District desire to move
forward with the property exchange;
NOW, THEREFORE, in consideration of the premises and other good and
valuable consideration, the City and the District hereby agree as follows.
1. The first sentence of Paragraph 2 of the Purchase Agreement is hereby
deleted and the following sentence is hereby inserted in lieu thereof
"Subject to the performance by both parties of their respective
obligations and the satisfaction of all conditions set forth herein,
this transaction shall be closed no later than April 25, 2008 with
the City assuming all closing costs with San Jacinto title Services
Co., herein called "Title Company", located at 802 N. Carancahua,
Corpus Christi, Texas 78401."
2. The Exchange Contract, as amended by this First Amendment, constitutes
the entire agreement and understanding between the parties hereto relating to the subject
matter hereof and all prior agreements, proposals, negotiations, understandings and
correspondence between the parties in this regard, whether written or oral, are hereby
superseded and merged herewith.
3. This First Amendment may be executed simultaneously in counterparts
(by facsimile or otherwise}, each of which shall be deemed an original, but all of which
together shall constitute one and the same instniment.
4. Capitalized terms used herein have the same meaning as defined in the
Exchange Contract unless otherwise specified herein.
5. Except as provided herein, the terms of the Exchange Contract as
originally stated shall remain in full force and effect.
2008-067
02/26/08
Ord. 027165
CCISD
IN WITNESS WHEREOF, the parties have hereunto set their hand the day and
year first above written.
Executed in duplicate this ~ date of , 2008.
CORP RI I
By:
Name: William A. lark
Title: President, Board of Trustees
Date: y , 2008
ATT
By:
Nam
Title
Date
Approved as to legal form:
CORPUS CHRISTI
r ~ •
By:
Name: _Philip D. Fraissinet
Title: Attorney for Corpus Christi ISD
Date: , 2008
CLTY OF RPUS CHRISTI
By:
Name:_George K. Noe
Title:_City Manager
Date: -~" , 2008
ATTEST:
By:
Name: ~ rlvlLc nUo ~'hapa
Title: (~,(~ SyrC~at~t^
Date: /~.a.~rCG~ 3 , 2008
CITY O
By:
Name: '1
Title:
Date: 1
~.oa7,. ~,+u;„u~~w
~ eauhci~ D2 ~-~1 v r.~
t
sec~~,~~09~
HOUSTON~2 L 1 fl853.1
2oa8