HomeMy WebLinkAboutResolution - 148 - Sale Of Land Contract - Frank S. Campbell - SW 1/4 Sec 11 Block E2 - 04/26/1979J!VV:hw RESO. #148 - 4/26/79
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Mayor of the City of Lubbock BE and is hereby authorized
and directed to execute for and on behalf of the City of Lubbock a Contract
of Sale of Land between said City (as Vendee) and Frank S. Campbell, Trustee,
as Vendor, attached herewith which shall be spread upon the minutes of
the Council and as spread upon the minutes of this Council shall constitute
and be a part of this Resolution as if fully copied herein in detail.
Passed by the City Council this 26th day of April ,1979.
DI K WEST, MAYOR
ATTEST:'*-----
E lyn Ga ga, ity Se re a Treasurer
APPROVED AS TO FORM:
J. o th Fullingim, Asst. City Attfrney
APPROVED AS TO CONTENT:
T m Nivens, R.O.W. Agent
TIED TO RESO. #148 - 4/26/79
CONTRACT FOR SALE OF LAND
THE STATE OF TEXAS §
COUNTY OF LUBBOCK , §
This contract of bargain and sale, made and entered into this the 26th day
of April, 1979, by and between FRANK S. CAMPBELL, Trustee, called Vendor, and
CITY OF LUBBOCK, a Home Rule Municipality of Lubbock County, Texas, called
Vendee, witnesseth:
(1) That the said Vendor has this day bargained and sold and by these
presents does hereby bargain, sell and obligate himself to convey or cause to
be conveyed in manner as hereinafter stated unto the said Vendee all and
singular the following described property, to -wit:
BEGINNING at a point which is the Southeast corner of the South-
west quarter of Section 11, Block E-2, Lubbock County, Texas;
THENCE S 89°59'40" W a distance of 350.00 feet;
THENCE N 00°01'10 E a distance of 650.00 feet;
THENCE N 89059'40" E a distance of 350.00 feet to the east line
of the Southwest quarter of Section 11, Block E-2;
THENCE'S 00001110" W a distance of 650.00 to the POINT OF BEGINNING.
Contains 5.22 acres.
(2) The consideration paid and to be paid to Vendor herein by said Vendee
for the property above described is the agreed sum of THIRTY EIGHT THOUSAND
THREE HUNDRED SIXTY-THREE AND N0/100 ($38,363.00) DOLLARS, to be paid as follows:
Entire amount of $38.363.00 shall be paid by Vendee to Vendor upon closing
and delivery to Vendee of a Warranty Deed conveying good and merchantable title
to the real estate above-described.
(3) Vendor, at his expense,- shall furnish an owner's title policy in
amount of the purchase price containing no exceptions for title except the
usual exceptions customarily contained in such policies on Texas form of title
policy.
(4) This contract of sale shall be consummated on or before 30 days from
date hereof.
(5) Taxes shall be prorated to date of closing of this contract of sale.
(6) In the event of failure good and merchantable title, Vendee may
declare this contract null and void, or Vendee at its option may waive title
defects and enforce specific performance of this contract, or Vendee may en-
force specific performance of same -in event Vendor shall fail or refuse to
consummate the sale.
(7) Consideration of this contract is the mutual performance hereof of
the covenants hereby agreed to be performed by the parties hereto.
EXECUTED in duplicate originals this 26th day of April . , 1979.
Vendee:
CITY OF LUBBOCK
DIVEST, MAYOR
Vendor:
Frank S. Campbell
Trustee
ATTEST:
%l ct146.
r�^ �y-Treasurer EvelynG�fga,Cit Se tar
APPROVED AS TO CONTENT:
Tom Nivens, R.O.W. Agent
APPROVED AS TO FORM:
W�
J. Wo Fullingim, Asst. City Attor y .
THE STATE OF §
COUNTY OF
BEFORE ME, a Notary Public in and for said County and State, on this day,
personally appeared FRANK S. CAMPBELL, Trustee, known to me to be the person
whose name is subscribed to the foregoing instrument and acknowledged to me that
he executed the same for the purposes and consideration therein expressed.
GIVEN under my hand and seal of office, this day of
1979.
Notary Public County, State of
THE STATE OF TEXAS §
COUNTY OF LUBBOCK §
BEFORE ME, a Notary Public in and for said County, Texas, on this day
personally appeared DIRK WEST, Mayor of the City of Lubbock, known to me to be
the person whose name is subscribed to the foregoing instrument and acknowledged
to me that he executed the same for the purposes and consideration therein
expressed, and in the capacity therein stated as the act and deed of said city.
IVEN under my hand and seal of office, this day of
Vho�`%j , 1979.
Nota y P lic Lubboc County, Texas
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