1984-052 - Contract of Sale and Purchase with Lamar CountyRESOLUTION NO. 84 -052
WHEREAS, the City Council of the City of Paris is in
receipt of an offer for trade from the County of Lamar of
Lot 9, City Block 6, Paris, Lamar County, Texas for Lot 1,
City Block 41, Paris, Lamar County, Texas and Sixty Thousand
and No /100 Dollars ($60,000.00) cash; and,
WHEREAS, it is deemed to be in the best interest of the
citizens of Paris to accept such offer of trade as reflected
in Contract of Sale and Purchase as attached hereto as
Exhibit A; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PARIS, that the offer of trade made by the County of Lamar
through the County Judge as described in Exhibit A attached
hereto is hereby accepted; and,
BE IT FURTHER RESOLVED that the Mayor of the City of
Paris, Joe Graham, be, and he is hereby authorized and
directed to execute on behalf of the City of Paris the
Contract of Sale and Purchase upon the terms and conditions
and in the form shown in Exhibit A attached hereto with the
County of Lamar.
Passed and adopted this 27th day of June, 1984.
064-'� Ada�2-4iz
Pe Graham, Mayor
ATTEST:
. eene, ity er
APPROVED AS TO FORM:
T. . Haynes, ity Attorney
CONTRACT OF SALE AND PURCHASE
STATE OF TEXAS §
KNOW ALL MEN BY THESE PRESENTS: x
COUNTY OF LAMAR §
THAT, COUNTY OF LAMAR, State of Texas, acting by and through
its County Judge, hereinafter called COUNTY and the CITY OF
PARIS, Paris, Lamar County, Texas, a municipal corporation,
acting by and through its Mayor, hereinafter called CITY, do
contract and agree as follows:
1. COUNTY agrees to sell and CITY agrees to buy Lot 9,
City Block 6, Paris, Lamar County, Texas, being a lot
approximately 103 feet x 105 feet at the Northwest corner of
Kaufman Streets intersection with 1st S. E. Street for the total
purchase price of $100,000.00 payable as follows: $60,000.00 cash
payable at closing and the conveyance of Lot 1, City Block 41,
Paris, Lamar County, Texas.
2. COUNTY agrees to furnish to CITY Owner's Title
Policy through Stone Title Company, Inc. and General Warranty
Deed conveying the above described property in fee simple, and
CITY agrees to furnish to COUNTY Owner's Title Policy, through
Stone Title Company, Inc and General Warranty Deed conveying Lot
1, City Block 41 in fee simple free and clear of all ad valorem
taxes to date of closing, and CITY agrees to complete the sale as
herein provided within 10 days from date said title company ap-
proves both titles for title insurance. If said title company
raises objection to the title of either tract of land the owner
thereof shall have 30 days within which to meet such objections
and if owner is unable to meet the objections this contract shall
thereupon terminate and all parties be released from liability
hereunder; but if the title to both tracts is approved, and
either party hereto fails or refuses to consummate this contract,
the other may, at its option, enforce specific performance of
this contract.
3. COUNTY agrees, when the title objections have been
met or waived, to said Lot 9, City Block 6 to deliver a good and
EXHIBIT A
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sufficient General [warranty Deed conveying said property to CITY,
and CITY agrees, when said deed is tendered, to deliver a good
and sufficient warranty deed conveying Lot 1, City Block 41 to
COUNTY and to pay in cash $60,000.00.
4. COUNTY agrees to be responsible for all 1984 taxes
through date of closing with regard to the Lot 9, City Block 6 as
heretofore stated and CITY agrees to convey Lot 1, City Block 41
free and clear of all taxes through date of closing.
5. COUNTY agrees to pay for deed and title policy covering
Lot 9, City Block 6 and CITY agrees to pay for deed and title
policy covering Lot 1, City Block 41. No other closing cost are
anticipated to be incurred. In the event that other closing cost
are incurred, they shall be paid according to custom.
Executed in multiple originals this the 25 day of
June, 1984.
COUNTY OF LAMAR
BY:
Brad V Fisher, County Ju ge
APPROVED AS TO FORM:
Tom Wetis, County Attorney
CITY OF PARIS
BY: 019-UAIM�'�
oe Graham, Mayor
ATTEST:
Greene, City Clerk
APPROVED AS TO FORM:
T. K. Haynes, City Attorney
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