HomeMy WebLinkAboutResolution - 4035 - Sales Contract - GTE Southwest Incorporated - Lots 4-7, Block 4, Original Town - 12/10/1992Resolution No. 4035
December 10, 1992
Item #27
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 Sales
Contract with GTE SOUTHWEST INCORPORATED for the purchase of Lots 4, 5, 6
and 7, Block 4, Original Town Addition to the City of Lubbock, attached
herewith, and which shall be spread upon the minutes of the Council and as
spread upon the minutes of this CAunc4l shall constitute and be a part of
this Resolution as if fully cop ed here' in dew_
Passed by the City Council thin loth idV of Dube _ I992•
ATTEST_:
S—ally StiIJ Abbe, Acting City
Secretary
APPROVED AS TO CONTENT:
Ed Bucy, Right -of -Way Agent
APPROVED AS TO FORM:
AAeg&
a o d Willard, Assistant City
Attorney
HW:dw/Agenda-D2/GTE.res
November 9, 1992
I
THE STATE OF TEXAS §
§ SALES CONTRACT
COUNTY OF LUBBOCK §
THIS SALES CONTRACT (the "Contract") is made and entered into in duplicate
originals by and between GTE SOUTHWEST INCORPORATED, formerly known as General
Telephone Company of the Southwest, a Delaware Corporation, Attention, Hal R.
Kirk, TXD1952A, 500 East Carpenter Freeway, P.O. Box 152013, Irving, Texas 75015-
2013, hereinafter called "Seller" and the City of Lubbock, whose address is, P.O.
Box 2000, Lubbock, TX 79457, hereinafter called "Purchaser".
WITNESSETH
1. Upon the terms and subject to the conditions hereinafter set forth,
Seller agrees to sell and convey and Purchaser agrees to purchase the following
described real estate (the "Property") to wit:
All of Lots four, five, six and seven (4, 5, 6 & 7) in
Block Four (4), of the original Town of Lubbock, Lubbock
County, Texas and all improvements thereon, including the
tower, and building, as they now exist.
The agreed consideration for the Property is the sum of Sixty Four Thousand
Six Hundred and no/100 Dollars ($64,600.00), of which Purchaser will place in
escrow with GTE SOUTHWEST INCORPORATED the sum of Six Thousand Four Hundred Sixty
and no/100 Dollars ($6,460.00), as escrow deposit on this transaction, and the
balance of the consideration to be paid in cash upon delivery of the Special
Warranty Deed.
2. This Contract is subject to approval by Seller's Board of Directors and
Purchaser's City Council. Purchaser's escrow deposit will be mailed to Seller
immediately after the Lubbock's City Council's approval.
3. It is agreed that taxes for the current year shall be prorated
between the parties as of the date of closing the transaction.
4. Purchaser is buying the Property "AS IS" and "WHERE IS", and Seller
makes no representation or warranties of any kind, whether express or implied,
as to the suitability or condition of the Property or to any matter including
Purchaser's intended use. Purchaser shall rely on its own investigations and
studies relating to the Property.
5. This Contract constitutes the entire agreement between the parties
hereto and cannot be amended or varied without the express written agreement of
the parties hereto.
IN TESTIMONY WHEREOF, the parties have hereto caused these presents to be
executed this R4^` day of 'bee. -e 1gg2.
\
Ow
ATTTES,-� tOt� rt'.I J
Assistant Secretary
T
SELLER:
GTE SOUTHWEST INCORPORATED
By:
Michael B. Esstman APPROVES A;
President T
NOV 3 T99
LAW DEPT.
ATTEST:
Sally StUll Abbe, Acting City Secretary
APPROVED AS TO CONTENT:
Ed ucy, Right -o -Way Agent
APPROVED AS TO FORM:
wmew vi, &
, a�a —
arold Willard, Assistant -City Attorney
0
THE STATE OF TEXAS §
§
COUNTY OF a//Qzi, §
BEFORE ME, the undersigned authority, a Notary Public in and for said
5 County, Texas, on this day personally appeared
MICHAEL B. ESSTMAN, PRESIDENT, of GTE SOUTHWEST INCORPORATED, known to me to be
the person and officer whose name is subscribed to the foregoing instrument and
acknowledged to me that the same was the act of the said GTE SOUTHWEST
INCORPORATED, and that he executed the same as the act of such corporation for
the purposes and consideration therein expressed, and in the capacity therein
stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this the 44- day of
Lpecew er A. D. 19%.
=.:D0, NA L. RUSSELL
Ploy FuL5c, State of Texas $a
My Comm. Exp. Sept. 17, 1994 4 /_( r a �• ���LL�J
N ar Public in and for
My Commission Expires County, Texas
9.1.,- 9s1
THE STATE OF TEXAS §
COUNTY OF LUBBOCK §
BEFORE ME, the undersigned authority, a Notary Public in and for said
LUBBOCK County, Texas, on this day personally appeared
DAVID R. LANGSTON I MAYOR of the CITY OF LUBBOCK,
known to me to be the person and individual whose name is subscribed to the
foregoing instrument and acknowledged to me that the same was the act of the said
CITY OF LUBBOCK, and that he executed the same as the act of such CITY OF LUBBOCK
for the purposes and consideration therein expressed, and in the capacity therein
stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this the day of Cl"rL�
December A.D. 1992 .
(LIMA R. SOLIS �
NOTARY PU6 t
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Lubbock County, Texas
My Commission Expires