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HomeMy WebLinkAboutResolution - 041367B - Land Acquisition - Charles F. Wilson - Stanton Subdivision - 04_13_1967RESOLUTION 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 an Agreement to purchase a certain tract of land situated in the City of Lubbock, Lubbock County, Texas, being more particularly described in the instrument 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 13th day of April 1967. ,! D.` ROGER , M O ATTEST: �-- Lave`nia Lowe, C{ity.Secretary-Treasurer APPROVED:, red O. Senter, Jr. , � Attorney r t' i THE STATE Or TEXAS .; COUNTY GF LUBBOCK � AGREEMENT This agreement made and entered Into by and between CHARLES 1,. WILSON and wile, PEGGY WILSON, heroin called "Sellers," of Lubbock County, Texas, and VIE CITY 'OF LUBBOCK, TEXAS, a. atur►i- cipal corporation, herein called "Purchaser, It WITNESaETIi: L nor the eroaaicleration and upon the terms herein set out, Sel- lers agree to sell and convey to Purchaser by general warranty de od, free and clear of all liens and encutnUrances, and Purchaser agrees to purchase and pay for the following described property. situated in th* City of Lubb©ek, ,I.*bbotk County. Teas, and being described as foll*ws, to -wit: being 54. bZ5 feet by 147. 5 tenet out of Block 1, Tract 4, M. W. Stanton Subdivision out of th* NEA of Section 15, Sleek ,B, described by metes &aad bounds as %allows: SEGLTMNG at a point 107. 625 feet Werth of the SE corner of Block I, Tract 4, for the begi"Ing corner; THENCE E Vest jorallei with South baser lira+ of $lock It 147.5 feet t* the Sly soreaer of #hie tract; "ENCE North: 64,625 feet for the NW corner of this tract; THENCE East 147, S feet parallel with South base line of Block l,. Tract 4; IV ENCE Sooft ittong the East bra ndarp Bare of "Id 19104k 1, LTrtct d, 54. 625 feet to they PLACE or DEMNT+1M. it. Purahaereur has h*retotare examined an aUstraet of title covor. Ing the above described rd property_ and is satisfied with, such title with the aa - options of its apinion dated March 21, 1967. Subject to the ro►ntingeaW here - KEY, CARR & CJLARK LUBBOCK, TEXAS Inafter set out, Sellers agree: to Tarnish a supplemental abstract of title ecru - tied to within fire (5) days prier to the date of delivery, which abstract, if furs otsbed, will reflect a conveyances wheereby the fee simple Title to the above de- scribed property will be Vested in Sellers. Upon approval of the supplemental abstract farnishesd, then said sale shall be consummated by Sellers delivering to Purchaser their general wasrroaty deed. whereby the above described pro- perty to conveyed to the Pearehasser, and it Sellers have not. theretofore fur- aieuh+ad fee curative tnateerial required in ouch March 24.. 1967 opinion, them they'shall do see simultaneously with the closing of the transaction, and in adeli- tion, Sellers agree: to e:anee the curative material to be filed to the Qmntyr Clerk's Office of Ltubbotk ComAy, Tame* * *Ad ingludedi in a rugplemen"I ab- The City of Lubbock has incurred an abstract biii of $WEW and upon closing of this trarnmaaction, Sellera shall pay or cause to be paid arach atstrae:t statement. The agree purchase price for aaiel property to ba paint by Pur- chaser to Seekers is $ 5, 600. 00, the total consideration to be paid in cash up- on delivery of the; herein mentioned warranty deed and curative ern Acrial. iY. Possession *bAU be eleellve tcd net the time of closing of the. tkano saction and the current yeaxrts ;texas shall 1 e prorated to the :date of closla* iq V The foregoing contract of tale and all the teerr► s, tondW4a o, and covenants thetreof, and all of the rights Uabilit#es wad obligations of the part thavotea are goatingankvpon Sellers obtaining title to lath property. Heretofore Sellers bag catered into a tontme t wboreby sellers has agreed to purchase the above destribad property from silly C. Sug$a and wife:, Peggy Joey Suggs, and the partles understand that Sellers may have difficulty in eyes- forcing the torahs of the V,Wtract of sale entered lift with the said ;cgs. Se lloro +ill bravo a to"onabte tiza'a'10 which to obtata pertornunace of such KEY, CARR &. CLARK LUBBOCK. TEXAS _ contract, but not exceeding 12O flays, and in the event Sellers has not been able to obtain performance thereof within ouch time, thew .either pasty hereto may declare this contract at an end, and all parties &hail be relieved of all liabilities and *bligationtr ,hereunder. However, In the event Sellers are able to obtain performance of the Suggs' contract prior to the expiration of ,said period of t1mv, then the parties agree to close thin traneactlor. within a riea. sonable timt from the date Sellers obtain the conveyance from Suggs and wife, such time, however, not to exceed fifteen (15) days. EXECUTED this the JZ_ day of 19671. Charles T• . wilaon o PeggiPlysvn 'I`Ti't:, THE CITY fi3" LDBIiCiCls,`EXAS - � 1 G City Secr�ete.ry txyfl Y KEY, CARR & CLARK LUBBOCK. TEXAS -