1994-025-RES WHEREAS, CITY COUNCIL DID HERETOFORE IN 110 PASSED ON OCTOBER 28, 1993
RESOLUTION NO. 94-025
WHEREAS, the City Council of the City of Paris did heretofore in Resolution No. 93-
110, passed on October 28, 1993, accept the bid presented in the form of an Earnest Money
Contract - Commercial Unimproved Property from Bobby Smallwood and Glenn Townes, dated
June 30, 1993, and authorize preparation of a deed for Lot 6, City Block 276, being 4.14 acres,
more or less; and,
WHEREAS, Bobby Smallwood and Glenn Townes are no longer desirous of continuing
with said Contract and have requested the City Council of the City of Paris to approve the
execution of an assignment of the Earnest Money Contract - Commercial Unimproved Property
to Terry Kilgore and wife, Linda Kilgore; and,
WHEREAS, it has been brought to the attention of the City Council that Lot 6, City
Block 276, and Lot 2, City Block 322, have heretofore been used as a trash dumps and burn
sites, and that the marketability of said lots is in question and could be improved by the
procurement of class 1 and 2 environmental assessments, as needed; and,
WHEREAS, the City Council desires to continue to contract for the sale of said
property; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, that it
does hereby accept the Assignment and Amendment to Earnest Money Contract - Commercial
Unimproved Property from Bobby Smallwood and Glenn Townes to Terry Kilgore and wife,
Linda Kilgore.
BE IT FURTHER RESOLVED, that the Mayor of the City of Paris, George Fisher,
be, and he is hereby, authorized and directed to execute on behalf of the City of Paris the
Assignment and Amendment to Earnest Money Contract - Commercial Unimproved Property
in the form of Exhibit A attached hereto.
BE IT FURTHER RESOLVED, that the City Attorney, T. K. Haynes, be, and he is
hereby, authorized to procure a class 1 and 2 environmental assessment on Lot 6, City Block
276, and Lot 2, City Block 322, as needed.
PASSED AND ADOPTED this 24th day of March, 1994.
ATTEST:
~,,~~,~~
"iff ......4-~ "" ~...__~__kn........ ("'1~." "'/"\...1,
THE STATE OF TEXAS )
}
)
}
COUNTY OF LAMAR }
ASSIGNMENT & AMENDMENT TO EARNEST
MONEY CONTRACT - COMMERCIAL
UNIMPROVED PROPERTY
THIS 21st day of March, 1994, BOBBY SMALLWOOD and GLENN
TOWNES, as "Buyer" in the contract attached hereto as Ex-
hibit "A" and made a part hereof for all necessary purposes,
and the CITY OF PARIS as "Seller" therein, enter into the
following agreement:
1. The contract attached hereto as Exhibit "A" is
extended until June 1, 1994 under the same terms and condi-
tions as set out therein; other than Seller specifically
agrees that the EPA Phase II Environmental Study required
under Paragraph 10 of the contract shall be made no later
than forty-five (45) days from date hereof and submitted to
Buyer. Should the results of this study indicate any pol-
lution which would affect Buyer's intended use of the pro-
perty or its marketability, or their attempt to obtain a
loan from a lending institution, Buyer shall have the right,
upon written notice to Seller, to terminate this contract;
and Seller will immediately pay over to Buyer the earnest
money provided for in the contract:
2. Seller agrees that Buyer shall have the right to
transfer, assign and convey all their right, title and in-
terest in this contract to TERRY KILGORE and wife, LINDA
KILGORE; and agrees to be bound under the same terms and
1
EXHIBIT A
conditions as herein set out and as set out in the original
contract.
DATED the date first set forth above.
THE CITY OF PARIS
GEORGE FISHER, Mayor
Duly Authorized
/'! .-----
.-:!f It,y...!
BY:
"l ,~'
I'j. it:'.....
1- t:'y,j/ I" 'V ' -"'7
,
GLENN TOWNES
FOR VALUE RECEIVED, WE, BOBBY SMALLWOOD and GLENN
TOWNES, do hereby Transfer, Assign and Convey unto TERRY
KILGORE and wife, LINDA KILGORE, all our right, title and
interest in and to the contract covering the purchase of the
4.14-acre tract of land described in the contract and made a
part of these agreements.
DATED this 21st day of March, 1994.
~iC':.,v~ (I ()A./yvS
GLENN TOWNES
AGREED TO:
THE CITY OF PARIS
,
GEORGE FISHER, Mayor
Duly Authorized
j-, It~
TERRY K\ GORE
~~~ -J(:k ~U
LI DA KILGORE Q
BY:
2
R Fel f~'lJI r:D"
~ ... I "-
OCt, ? 1993
STONE TITLE COMPANY, INC.~~QIt
"/'j',;i' h),., "Jl (1' :,
I. ' . ~ ~ i \ '
rillS CONTRACT FORM liAS IIFEN PREPARED FOR \lSF. IIY MF.MIlF.RS OFTIIF. II 0 lJS'! ON ROARD OF. REAl.TORS, BY ITS
LEGAL COllNSEL, AN AITORNEY AT LAW LICENSED IN TEXAS, AND APPROVED FOR USE IN A TRANSAcrrON INVOLVING
THE SALE OF COMMERCIAL lINIMPROVED PROPERn', TIllS FORM liAS NOT BEEN DRAfTED FOR A SPECIFIC
TRANSACTION, THEREfORE, THE PARTIES ARE ADVISED TO CONSULT THEIR ATTORNEYS BEFORE SIGNING,
EARNEST MONEY CONTRACT -COMMERCIAL UNIMPROVED PROPERTY
l. PARTIES: r. i t Y Of PR r i !:: ,Selle,)
a2ltes III jell ,mJ CIlnvry tlI~d and Glenn TOt.TnAR
(Bure,) anJ BIII'e' a~ltes III hllY hllm Stllc, ,hr '1IIIII\\'Il\~ rlllJ1(IIV (1I'lhe wnsi"eroHllln an" uron anJ ,uhlre! Ill' ,he 'rum, pnlVlII"ns, anJ
wnJluon~ ht,emalm 'tl I~,"h,
2 rROPERn': A Imc' ...( land !IIua,al m -Lama r ("umy, Te_al, IIlRe,he,
u'uh allrmrnl\'tmellll allll hXlurc', p,il'III'~e', ,III" ,11'Purtl'Il,lllU' J'I'"allllll~ Ihell""III'I\'IIl"he" "lI"fllll'h lall.,J "r'''I'''If\:' .Ie'wl-cd;;\ f"II",>\
anJ/o, ,I' 'et "11' 1111 hllll'll "/I" ,111".111',1 h"I\'h' ,lIhlll\\"'1,'r.IlI"II\l'lI'Il\'
nlock 276 Lot 6, 4.14AcR. See Attached
The meles anJ hmn.b Jejerirlll'fl Jeternuncd h Ihc 11Ir1'C\ "llhe r,operty he,clIMhc, r,ovl<led 'or U'llI,erlace E~luhr "A" allached he ,eta
in the evenl it lhlmld Jllfer Inllll Ihe all,lChed exlubll,
l, CONTRACT SALES PRICE:
A, Cish payable at c1~m2 ,'" , , , ' , , , " ,',"',' ,', """""""'" ,,',' ' " """""'" S
B, Sums Ilf all nllteS delwbed in rarn~rnph 4 htlow , , , , , , , , , , ' , , , , ' , " "" , ' ' , " " "',' " S
C. Sales Prtce!Sum III A and Bl ' , ... .. .. .. " ......' ..,..,..,.. ' , ' .. , ..' s 159";000-.00-
0, Check applicable box for Jele'mm3t1011 Ilf Sales Pllce: as / v~ (' (0'\0', (\,....
o III The 'ales rllce ,hall nOI he b.llcd upon Ihe numbe' <II .IC,cl!I<llla'C (eer comrlllm~ ,he PIllJ1(m a\ determined by the sutvey,
C III If the surVe\' olllle rroJ1(rtl' It<lUlle,1 hv rarn~r.lrh I'r'dlem dm Ihe numher "lr"lal ( ) acre 1 ( '\IIua,e IctI comrllSm~ lhe
ProrcllY is m'),e lI,le,s rhan (l!lIlal amI or ( llolall<luarc Iw ("lillal A,ea''), Ihe Sales Pllce
and Ihe wh ral'ahle a' d,,!,ir,2 ,h:lll h< !ncrc,,~.,.1 "' 'e,llIce,I"" ,he l'n,JU(t ,.1 ~ mlllllplieJ ~' lilt lmount nf
mCltale 0' Jecrrale llllhe hltal a,ea,
o (ll I( the survey of lhe ProPfrty ,ellUl,ed by Pam~rarh I~ lellws t1lJ1 Ihe numhe, .11 nel I ) ~crel I ) kjUllt (eer compriSln~ the
Proprrry is molt o,lusthan () llel ,Ierel '" ( I lletlllua'c leet C'Nel Alta"). Ihe 5ale\ Pllce and the
.cash payable 3t c111SI112 ,hall he IncltOlscd <I' u.JlIced h' rhc rn"lu(l,~ ~ mulrlrheJ hI' Ihe anMl1ll .,( mcrease
","lecreasr "I Ihe net ,IIC;I,
4. FINANCING:
o A, SUBjECi W: Buyc, takes 11IhlCCl h', ,II") ,1,,1') lI<1t ,II,UIIIC rayment "I, the IInl'al,1 ""l.lllle .,1 Ihat r'lllnrl\O'Y nOle III -
~~ .~
Joes not assume Ih<lse obli~atlol\S illlro,c,1 hI' Ihe Deed ,'1 T,u,t ,ec<I,deJ In ,hc (<IUllll' whcu' rhe rroperty II SIlualed, Buyet shall
pay the installment rayment duc a(te, the Jate 01 c1olmR' The p'illclpal hal.mce al "o,m2 Will he S . allowing
10' an aRlted S l'a,iOlnce, The ca,h payahle al c10'IIIR shall he ;I<l,usled 1l11lhe amollnl tlf such va,iance, Should
thil not be acceptahle tOlhe nole holde" "' ,I thc V;lIlance excee.1l the amounl ahlVc, "I IhuulJ the terms 01 Ihe nme II' deed o(
lMt or mleltst rate be modified. a' shuuld Buye, he It<lllired to pay a Ir.lnsle, Ice In excesl "I S . 'this Contract
may he lermmated ~t Bllye,'s (lpllOn .md Ihe Eamell Mllnt)' shall he ,c(unded '" Auy~"
o B, ASSUMrfION: B\lI'(I ,hall assume Ihe unrald halance of Ihal r'lImllSIlIY 1IllIC rayahle III
Jaled . amllllll~ <lhli2alll'ns imposed by Ihe Deed ofT lUSt Itcmded in Volume
_' PaRe _ o( Ihe DeeJ o( T'USI Records in the cuunly whe,e the rmre"v is silUaleJ, Buye, shall pay Ihe installment
paymcnl due afre'lhe dale uf c1ll\in~, The assumed p,incipal halancc al c1l1sin~ Will be S . allowing (u' an agreed
S va,iance, The cash payable at closing shall he adJllSlcd Iln lhe amount of such variance, Buyer shall apply for
as'Umr'MI ;lrrRwal U'lIhin _ Jays (n1l11lhe cffccllve ,lale helt,,1 an.! shall m,lke eveI)' ,e;llImahJe 'e((on to .,blain the lame, I( the
I'ananee exceeJl th~ ;I"'we .1I1111Ulll, '" the l'xl\lill~ IIIINeSl r.lIC IS IIll1eascd ."I~.v,' __'~" III Buye, il ,equired 10 pay an
assumr""n lee m excess "i' S . or a\lllmplilln arpnlVal cannlll hc oh,amcd wllhm _ .Iays (rom Ihe effective
dale hereof, \hll COlllrdcl mav be le,minale.t a' Buyc,'s opIum and the E.lIflCSI Mllncy Ihall he ,e(unded In Buyer,
8 C. THIRD rARTY FINANCING: Thil Controlcl is mhjecl 10 appnw,Ilo( a loan (m Buye, by a lhin! pallY in the amount o(
S payahle m _ inslallmenll (0' nOI lesl Ihan _ years wich the inreltSl r.lle not 10 exceed_%
re' annum. and wilh each ptincipal and inle'eSI rnslallmenr not (() exceeJ S .0 including inren:S1 0 plus inteltSl,
Auye, shall apply (o'lhc loan wilhin _ days (RIm lhe effective dale he,ell( and shall make mty Itasonable effon 10 obtain
.Irrmval, II the luan has llUl heen appnwed wlIl"n _ Jays (rom lhe d(ective .laIC hereol. this Cllnllacl shalllermmale and
Iht Eamesl Muncy shall he reiunded to Buye"
!J n, SELLER FIN.A,NCING: Buve' Ihall emule a rnlm~llnl)' mile III Selle, in the p,incip;l1 sum I~' S ' bearinR - %
imeltll re' annum, an.1 rayablc: (Check I. I. j amI/II' 4 helm~)
C tIl In iullllll die __ day .,i' , I~_, wilh accrued illle'eSI being due and payahle
[ 12l In:; m,'nrhh C annual Cloche,:
,'adl, l'e~rnlllnk ,In the _ ,Ia\' o( _
,he _ J.1I"'(
ullr,IIII. ,hall "" lhell dlle ;111,1 r,w;lhlt.
Il\\lallmenlS o( S ' 0 incluJinK inte,esl 0 plus imernl
, I~_. and COnlinuing ,e2ula,Iy lhen:afre, unlil
, N_. when Ihc enme amnunlol pllllClpal aoJ InleltSllhen ltmaining
c\!::!rd~ A
!;. ,'~ : ~',' ~
f"'~.'"' f\ r' 1
.',:,'(.,,"
9/Sl
1'.1(( I ..1 4
r' II} l",errll 0,,11 I" 'Im.,,,i1,1I . 1.111011.11 "i1WI _____. IIH.lllmt,,,,,..i ~ each,
""~m"llll~ ,'11 rill' _.___ .1.11' 01 _. ' 1"__, IllJ w,,"nllm~ regulally ,heleaf,el unullhe
___ J"y "I ____-------' 1"_, ,10.1 Iherealrer III [J momhly 0 annual 0 O,hel:
____ 1II"..lIl11elll' .., S___ ' 'lllduJ,n~ IIIlere.1 [] plu~'lmelesl, beglnnlllg on rhe
__ .lal' ,~' _________________, Iii _, ,,".1lonllnlllll~ regularly thmailel unlllthe _ day of
____..________. _ ____, \'1 ...." Wlil'lI tlw ,'nlllr ,11111111111 "'I'lIlIfll',11 ,Ind IIllelN rhrn lemalnlllg IInpald ~h411 '"
,lilt' ,111.1 raY,ll.le
II (4\ nlc Noll' ,11;\III'r"I'1I11' I..r ""I~'r\"n,,1 0' ,"II'Or.IlI' II"hIIIlV III till' ,'I','nl 01 a d,'f"ull, II helll~ 1I",lem'Mwlrhat rhe ImlJel u(
the NOlI' m,11' t,..k only rll rill' IWIIIIV I',ol'l.led hI' Ihe [)I'ed 1I11llltr ,11111 relallled l'endo"1 Iren 10 enlurer Ihe payrnenlIII Ihr
mde~reJnrsl '
Any Selle, Iinanwl nole may he prepallllll wlll.le olm ralt at any rune without penalty Any prepav'menu arc to be applred loward the payment
1.1 the Il1\tallmenll 01 plinClp-..11a11 IIliltullnf ,'UI Interelt thalllmmedlalely cea.e upon amoum o( pllnclpal prepaid, The Iren lecullng payment
o( luch nOlI' ,.,,11 be m(ello, III :II1Y hen \eClJrulg ;Jnv Ilia II amlllled, taken lubJeCtto IIr gIven In cllnneCllon wllh thin! panl (rnanClng, Each
nole herein rnwidcJ thall be .e(lIled by \'en,IIII'1 and PecJ III TIIIII heO!. A Vendlll" Lten 01",1 Oeed o( TOllI 10 secule any a'sumplion, 01
Buyet\ r:rflllm;rnce II laken ,"hJI'CI trI, ,hallllf lequllrd, whICh hcn .hall he OIuIIIll\alllally Ieleased IIn exrcuuon anJ dellvel)' III a Ielease
by nOlrhc,I.Jer. In ca~e III Jllptlle ," h' Ihe form of Ihe Deed, Nllle(I), "I Deed III TruII(s), ".rms plepared by Ihe Stale Bar uf TexJs shall be
\lied, Each ntllr hef'l'1I1 pnwI.JeJ th,llI CIIlllaln rnlVlSIOn till a"deratiun of malurity III the t\'Cor o( de(ault and (ur the pay men I oi leasonable
arll>mey's Iee~ Illhe nlllt' I~ rb(ed m Ihe hOln.lt ot all a!lomey 1~1l clllICCllun,
S, EARNEST MONEY: $ 5 ,000.00
Co
hv hmh paille>,
II hell'wllh renJered alld is III be Jeposiled as Eamelt Muney with ~ t nnp 1; t 1 p
as Escrow A~em, anJ plaeeJ In an InlereSI bearing account, upon rxecution oi lhe Contract
__, IcIlL, IIr wllhlllleven
II III )SINl; fhe dll"n~ "I rI,,' ",I" Ilhl' '(I.","~ P,II"") ,halll.e IIn ", I,,'hlle _J),~_LJ .---
(71 Jal'~ aher "~,edll'ns h' 1Il1c ha\'e "l'ell 11111'\1. "Iud'l'",'r .tlle " tuer,
A. AI thc dC~IIl~, ~cllcr ,1",11 .Idll'er III Run'l, ,II :",lld, ",ie w>! and eXJ'COIe, rhe 1"II11wlll~:
III A JIIII' eXWlleJ anJ :Kkll'l\\le,I~,'.1 tI,'ner.,1 \'(,',Ur.1I111' Pce,l "'ll\'eYln~ 1.....1 and inddeall~le lirle m (ee limple ll> all o( Ihe Propeny,
Irre anJ dralof ,my JI1.I,llIlrelll, cncumbml1(I'I, "'IIJllIIlOl, easements, a!IC\5menrs, lelervatlllns and lesrriCllons, excepl as pelmllled
herem and/1I1 arl'llIvcJ h Rlller In wllllll~:
(2) An Owner" PolICY oi Tille In.llr.IllCe (the "Tille Plllicy"l iSlued hy S t nn" Ti t 1 p r.n
Illlhe tull amllllnt u( rhe Salel Price, Jared ,ISII( dll.ing, illlllllng BUI'rr's fee Simple tille to the Propeny to be good
;mJ ml!cleatlhle ,uhltel IIl1h' IIllhll'>C Illle cxcerlllln. pl'lIlll!led helem, "I a~ milY be approved hy Buyel in Wrillng, and rhe Itandard
prmlrJ excepllllllS cunlillllclllII Ihe II\lIallollll .,llht' Tlllr POlICY, I'rovl,leJ, huwever:
Idllhc excerulln ,IS II' .\lea anJ ~llunJalll'S :-, ,hall nUl hr JclelcJ [~ ,hall be Jelmd mrpt fOl "any sholla~es in arca" and if
Jelele,1. III(h Jelellon shall he ,m e'peos,' ..1
(Hthe execpllon oIl III re~II\(III'e CIII'el1;mt\ shall he ell,lolltJ "Nunc IIi RCCllrd";
(cllhe excerllllll as h1 IiIXCl ,hall he IlInlled III taxesi'", rhe cunenr yeal ,lOd subsequent yean, and subsequenl alseslmenrs (01
r"lll \'e;trs .IIII' I" (hJn~e~ rn l;rnJ Ula~e ,'1 "wlle~hlp;
I)) Fllmlsh e\'IJence ,,' II! Colr,\(III' anJ aurh"llll' i.1l rhe d,"rn~ lit II1Il lr.rn~;\(IIIln;
141 ExeCIIle all"lhcI n<<NaII' J"tumelltl II' (h"e rhls lransalrllln,
B. AI, Ihe dClSrn~, O\;\'CI ;11;111 perf;'lm rhc '01111" IIlW
III P.II .he (a,h 1""111111 IIllh,' :',II~, rllte;
12l hlCule Ihe ntllels) JOJ Jeed(I} "I 111111 rnwlded It" herelll;
III FurnIsh ev,Jence ,~ III capaClI1' ;10.1 ,Mh""l\, '"r the cl'''ln~ .,1 rhrs mllla"ion;
(41 Fllml,h III Sfller anJ/lII Tlun! rant, lenJcr, :n 1\1I\'er\ \'xl"-'n'c, ,I n"'"~:I~ee'l ro/rcl' l~sue,1 h' 11111' company ior the deed(s) o( tOlll he~lI1;
(Sl ExCCllle ,III ,'I her nece~I.If\' JOCIIll\Cnll II' d"lc rim lr.mIOlCIII'n,
,. FEASll\lUn 'IllW (\ulel X I; .:" 001 ~ranleJ rhl' lI~ltrlo wnduCl ,Ill l'II~lnCI'III1~, anJ/tlll1I:llkel :lnJ ecommic irasiblltlY slUdy ("Frasibiliry
~Iu,h"l "'lhe rh'pelllllllhe cwnl Rlllcr IS ~ranre" 'lll;h lI~hl, lIul'cI ..h,11I holYC 1.L- dal'~ hllm the effeCtIve .laIc hereof 10 perform
'"ch ,ltlJI, allJ 101111' re~an!,IIII\'Cf ,"1m "~sl~lIall'" ,1~l'nr' m;11' ,'nlel uron Ihc Pnlrcrt\. li'l pllrpo.et ,,( luch analym, cOle drilling, 01 other
IClls 311l11O'J'CclI"n; "llId. RMI bl' ,1,'cll1eJ neCelS:1I1' "I' 1\11\"'1, II Buyel J,'lt'II1IIIII'S, In 1111 '<lIe lnd~rnenr, lhal rhe Property is nlll suitable
101 alllle....'n fi,r I\IIW\ IlIIen,lc,III'e "I I'urpo'e, (limnll,I'1 lila\" ..n ",fillI'n nllll((' III :;dlcr IlI1 01 helOle ~ JaYI (rom Ihe e((eClive
.laIc hl'rellf. lermlOalC Ih" ,1J!,\'ern,'nt, an.1 n ,1,alll,1' null an,1 1'111.1 IlIr ;1111'"'1'"'''' ,m.l Ihe E:lme\1 Money .hall be lerumeJ 10 Buyer, (( the
"rnlen OI'lIce ,! n,ll ~lI'en tll St,lIer wnlun luch rellllll. lhi, (OnJllllln anJ ;tny anJ all ohleCllons wnh respcClto the Frasibility Study shall
be ,leem~J h' hal'e heen "'011\'1'.1 ..... !\lIyer li'l all rUf'ptI\e" III the eventth" ConlraCl shall nlll clelSe, Ihrough no (ault of Seller, Buyel shall
rel!llre rhe Pn,!,elll' ICI III ""Rlllal ((1ndilll'n, II ch;m~\'d .IIII' IU rhe I(m and lll'pl'Clillnt pcrt'ollned by Buyer, and shall provide Sellel wilh
a cor" III Ihe le,ulll "I ;101' 11','1 ;In,IIJ\\pwlllI1t m...le by Buw, exdu,llll~ any m..rket anJ ewnomrc fmibililY studies,
II. RWt.:ER'SFEE: -1lhH.ake.r.JJ.ultice Centnry 21
6%:
listing
Bn,kel 1_ ".j alld
Co-Bh,h'I(_.'~I) (c..llt'CIII'l'h' rllt' "Bhlk"I"\, ,1\ Blllhr, h;1\ lIe~"'lI;lle" Ihll ';111' an,l Sdler agrce. III pay Brokeh~~~~)unry, Texas,
oil ",",ummall,'n "Illlij ~ale IIr .'n ~eller" ,11'I~1II1r (1Il1lell IItherwite pnwi,lell hcreln) ,I lOlal CJlh Ice ",'
"i Ihe lOlal S;ll~s PIICe, IIh,ch E,crl1ll' ,A,~cnr ,h;lll 1',11 111'111 Ihe s,lles pflltel'dl.
'1 rOSSESSION. Thc 1"'''''''"'" .., rhe rrlll'l'lIr ,11,.11 "..' .1"11\'1'11'.1 f1' (\111"'1 ;II 11I1I.l1Il~, '
It', ~1'ECI:\1. I'ROVI~IONS
Seller shall provide buyer with necessary clearance from E.P.A.
Property shall be rendered free and clear of any hazardious materials
or waste.
1111"'" r," 11..1 ,I,'h'IIII'III' ,lid I,,, ""'" .111,111, Il'l'h, "H,' I,' rill' "lid
r:~WIr?\T A
tr.:; !D,: I
n/l(i- 2
" ,,:t..r
~ ; \'~i-
l'll\ I ~
~'
,j'
~/
9/81
'j
. .>. ,
~ .~
""
II. ~:\I.ES [XI'E~'NS TU !\E PAID IN CASH AT UR PRIOR m C1.0SINl;
:\. ~ELLf:R'S EXPENSES All c"'llol releallO~ eKl\lIn~ IOJOS ,10.1 re.:orJln~ the rrk,lse" \ \\Oer\ Tide Pphn. ,urVC\; (JK !lalemenu: 1I~
..I .1111 elcn...' Ice; plermtllln nf OeeJ. other e'penles mru'.ueJ tlI be palJ h Seller unJer lllher rllWI~lom of lhll CIOlraer
II I\l'HI\'S EXrENSES: All c'l"'o'e' IIl...Jcllf I.. ,10\ I..an (e,~.. Inan plll(Ulemrllf Ice" I'ICr.lr.lll..n ..I No'c, Deed IIf Tlu\!, iI/1d IIrher lo,m
,h.URI"OlI. recl'nhll~ lee\, M"IlKa~ce" Tille rlllrq', rrepapHc 100erest, creJIl rCJ"IIl\I, Ii! 111,101' elCo,.. Ire; c,'rlcs.., re<lIIWllfl', eJ,emenn,
re<el\'.11111nS, III ","JUh'"' a"r(lll1~ Ihe PnlperlV; ao,l ('renlel mrulated III he ralJ hi RUler under, "her rllWIIIIln! I.llhll C'nlr.K1.
11. PROM TIONS: IllIurnnce (al Buyer'sll'lIllfll, Imen"I Iln ;IIW ""lUm~lllr slIh/eel In Jeh, , ,I<"'<SRlenlS, currenl raxes, and any renll anJ maintenance
(ees ,hall he rnmlleJ '" ,he .late III dll<IIl~. \I old ",IIIIrcm t;I.\'CI /01 dll' rear III ..h" I. ,I". ,.,Ie IS c11lsed ale IlIlt al',lIlahle I'n rhe C1llilnR Dale,
pt\lralllln ul raxes shall be maJe Ilfl ,he halll III taxes JS\elleJ m d,e prevlllul \e.ll. .. ,.I, .I subse4uerll (.Ish aJ,ullmen: o( lII.:h rnw-llIon 10
I>t maJe hel"'een Seller anJ Buyer, if necmary, when awral tax h~ures are avallahl.:. It (\u\'er is assumrnR raymenl "f or lakrnR subleer 10
any ClIlllOR Illan on the pIllpellY, all reserve Je!"lSllllilr lhe paymenl tlf taxel, mSIlr.lIl(l rremlllml, or olhel chalj!ellhall ne tfdm/erred 10
Buyer by Seller and Buyer shall pay loSeI' :r the amounr of such relel\'e Jeposirl. .
Il. TITLE APPROVAL, Seller shall deliver 10 Buyer wllnmlwenty (20) daYI from Ihe dale o( thiS Connact a Commllmenr lor Tille Insurance
!the "Clmrnllment") and, at Buyer's requell, legIble coplel lit all recooled mllrumenll affecting the Pmperry anJ reciled as meplUIIl' m rhe
Commlllnen1. If Buyer hal an obJection 10 ilems Jisclosed msuch Commitment or lUrvey, Buyer Ihall have founeen (14) day; afler reCClpt
,J luch IOlUumenll 10 make wrlllen objeclionltll Seller. If Buyer or a IhllU party lender makelluch Oh)eCliOnl or If objections .lIe JilcllMd
mlhe Commllmenl, lUrvey, III by the illuer u( the Title Policy, Seller Ihall have thirty (30) daYI from lhe Jale such objeclions are JisdoseJ
10 cure the lame, and lhe Cl(lSin~ Dale Ihall be eXlenJed, if necessary. If lhe objeclions are nOl satisfied by the exlended Closing Dale, thIS
eoolr.l<t Ihallterminare anJ lhe Earnnt Money refunJcd (0 Buyer, unle\.! Buyer elteulo w:uve lhe urualisfied oojections and complele Ihe purchase.
14. DEFAULT If 9'Iyer (ailllo compl!' herewilh, Seller may either enforce specific performance Ilr terminale rI\II Contract and receive lhe Earnelt
Money as "4uiJateJ Jam~gel, one.half of which (hut nlll exceedlnN lhe herein recileJ Bmker's lee) shalll>t palJ by Seller III Broletr 10 full
r~ymenl III Broker'ller\'im, If Seller failsltl':ullIply herewith, Buyer may (i) terminate tllll COlllraer anJ receive lhe EarneSl Money, thereby
relealing Seller tOlm rhll Contract, (ii) enlorce lI'CciflC performance hereof. or (iil) seek luch other relief as f1Iay be pmvlJed by law. If complellon
,>I <ale ilrre\'enred bv Bllyer'l Jefault, anJ Seller dectl II' enforce sreciflC perfnrmance, Ihe Bnlker'< lee israyahle onl!' If lhe and when Seller
cllllem damages for such Jefault by SUil, CllOlpOlmlle, lenleOlelll, Ilr mherwlle. Notwllhltandin~ the ahuve. accrued mlerelt, If any, IIn the
Eamell Money Ihall he paId lU Buyer.
15. AllDRNEY'S FEES, Any Slgnalory 10 lhis ClOlracr who II the rrevallin~ parlY in any leRal proceeding againsr any other signarory brought
under or wilh relalion to thIS Contract or tranlaction Ihall be aJdltionally entllled 10 recover court com and reasonable allomel"~ feel from
Ihe non'rrevailing party.
16. ESCROW, The Earnest Money II deposlleJ lI'ilh Escmw Agent wllh the undmlanding lhal EscnlW Agent (i) doel not aS$ume or have any
habilllY fill performance or non.performance ut any rarty and (il) has the righr 10 re4uire lhe wrillen release of Escrow Agenl, the termmation
01 Ihls COOlract, and the authomalion lrom all parties to Jisburse the EameSl Muney. At closing, Earnest Money and accrued inlerest shall
be appheJ to any cash Jown paymenl required, next to Buver's c1uling COlli and any excess refunded 10 Buyer, In preparalion for ckl$in2. the
Escrow Agent ot Broker may incuI aClual expensel on behaU ut Seller or Buyer; therefore, any refunJ or paymenl o( lhe Eamcsl Money under
this contract shall be reduced hy the amounl o( any aClual expensel incumd on behal( of lhe parry receiving the Eamelt Money, and the
Escrow Agent wm pay lhe same to Ihe creJirors enlitled thereto. To Ihe exlenl Ihal lhe Seller's share of lhe Earnesl Monel' is insufficient
10 pay such expenses, the lame will be deJucled fmm lhe Broker's share of lhe Earnesl Money,
.'
I
11. REPRESENT.o\TIONS: Seller hereby rerresentl dnJ warrantllU Buyer as fullows, which represenlations anJ wamnliesshall be deemed made
hy Seller to Buytr also as nf closing ,laIC anJ luch rerreltn13rions and warmnties lhalllurvlve dllSlI1g:
A. There are nil rames in !"l$lelSion III any !",mon nt' the ProperlY as lessees, tenantl al suffcrance, or trespassers;
B. nlCrt II no rendmg ClIrhre,lIened conJemnallnn ,lr Similar pnKeeJin~ or alseSlmelll affecling lhe Pnlpeny, 111 any palllhereof, nor to
Ihe besllnuwleJRe .1nd heltef 01 Seller il allY such pnlcceJII1~ or meSlmenl colllemrlaleJ bv any governmental aUlhulllY;
C. Seller lIthe fee SImple owner ut the tule hI lhe Pnlpeny anJ IS July aUlhori:eJ anJ cm!"lwered to lell said Pmperty;
D. Seller has paid, lhrough lhe currenl yeal, all13xel. chalj!es, Jehtl, anJ ulher alSCSlmenll due hy the Sellel with respect 10 lhe Propeny;
E, The PnlpellY IS nOl in a nouJ plam ,lr water JlllIlct, excepl ill tillloWI:
F. Allloan(l) 31SumeJ nr laken luhjecl In "'III'l\l1 he 10 Jelallll;
G. There wllIl>t no unrecuNeJ liens "r Ul1Ili,rm CommerCIal CnJe Item a~ail1\l any III lhe Plllpen\' whICh will nOl be salis{ied UUI of lhe
Salel Ptice;
H. Seller knows of no exiSling condilion wilh respect to Ihe Pn1peny ur ill operariun whICh violares any governmenl code ?r regular ion;
I. Seller has no knowledge thaI Ihe Properry ISluh)eCI lU an)' surface or sub-Iurface ground faults;
J. The Pmperry is nOI being uled and Seller has nu knowleJge Ihal ir has ever been useJ for the slOrage or disposal of any harardous or
loxic materials;
K. 1(, the heSluf Seller's knowleJNe, no laer ClI CIlnJitll'n exiSlS "llIch wuulJ resllll in ,he lellnrnalion uf lhe current acceS$ from lhe Properry
10 any presently exilllng highways anJ/or matls aJJuining nr silualcJ un the Pmpeny, ur In any exi~ling sewer or olher ulility facilitia
servicing, adjoining, or lilU3led on lhe Pmpelly;
L. Seller shall nOl lunher encumher, ur alluw the encumbrance of, the'Iitle lU rhe Pnlpeny, or moJi(y the lerms or condilions of any exiSling
encumbrancn. if any, wilhoul lhe wlllten consent of Buyer.
II any reprelentallon ahove is unnue, thIS ClOlr.lCl may he lerminateJ by Buyer JnJ Earne~I Money shall be refunded 10 Buyer, excluding (0),
(f) and (G) which shall be remeJied bv Seller rrior 10 c1Ollng.
18, USE OR PROPERTY, Seller 0 halXJ has nUl claimed the hene(u o( lawl permillin2 a lpecial use Y:lluallon (or the purposd o( paymeRI
uf ad valorem laxelun lhe Pnlpeny, and if \1\ Seller reprelcnts lhat he was legally enlitleJ 10 claim such benelils. If Seller daimed such benefir
and afler lhe pulthase il c1med, Buyer changes the use uf the Pmperry anJ the same n:sults in the messmenl uf addilional laxes, luch addilional
laxel Will he lhe uhligallun of lhe Buyer, The representation herein Ihallsurvh'e c1osinR,
19. PROPERTY SURVEY, Wilhin ---1 0 daYI from effeclive dale hereof, Seller, al Seller's \lIIe COlt and expense, shall cause 10 be
delivered lU Buyer a currenl pial or survey of the Pmperry, prepared by a surveyor acceplanle to lhe parries and lhe Tille Company dOlinl
lhls lransaCllon. The survey shall cemf)' to 'he Buyer anJ Tirle Company lhal' Ii) the survey was made and SlakeJ on lhe ground; (ii) lhe
plalshowl Ihe locallon of all improvemenll, highways, Ilreetl, roads, r.ulroads, rivers, creeks, or other walerways, (ences, easemenll, and rights-
uf-wayon 01 aJjacent to the Property, if any; liii) Ihere are no visible Jiscrepancies. conRicu, or encmachmenu excepl aSlhown on lhe survey
plar; (iv) .he Pmpeny Joes nur lie tn the 100 year Rood plain as established by lhe U. S. Army C'rp ..( Engineers or any olher governmenlal
hnJy; and (v) lhe survey plat il a lrue, currecl, and accur.lIe representalion olthe Pnlperry; (vi) lhe survey sels fonh lhl: number of 10131 acreslsquan:
fret (whKhever II apphcable) and the number ol nel aClts/\lluare feel (whichever il appllCahle) compriltng the PnlpellY, logether wuh a metes
and bounJs descri",lon thereof. The lerm nel acres/'4uare feel shall mean the IOlal number of acres/square feer conlained in Ihe Propeny,
nduslve of any encnlachmenll or land Iyina wllhin lhe hllundaries n{ a righto()f.way or easement III
, anJ shall be calculaleJ I.. lhe nearell '"le.rI"lUSanJelh lloooth)..f an acre. ^II easemenll aoo nghll-of-way shall be referencN
II' Ihe recunllnR mflllmarion appllCahle IU lire J..cumenll maring such easemenls..r n~hll..f.way whICh have been recorded wilh Ihe County
Clerk of lhe Counry in whICh lhe Plllptrty is IIKaleJ, The survey shalllucare anJ mark all C\lrners anJ angles of lhe PropellY'1 penmeler
nn lhe gruunJ wilh permanent, huneJ Imn surveym's Slakes, __ ""II .
r-\'l ~~""'-. ^ ~",,""'"'1
Illae I"l~ [}\(1;1I: i M :"1:'1.:.. '..! 9/63
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10 U )!':OEMNATlON: ":Inl pall "Ilhe PRlperf\' I~ wndemned rllllllt1 C1u,m~ Dart, ~tller ,hall pnlmpri!' gIve AUI'er wlIllen nOllce ,,( luch
CI1ndemn,illllll ,md Biller Ihall have Ihe lIPlll.n III euher ,lrplymg lhe pnlCeedllll :101' condemnation Jwanll" lttluce lhe Sales Pllcr pnwlded
htrrlO Ilr declalf lhll Cunmcr termmaled h' dehvClln~ 11'lilltn nOllce ollelminallon rl' Seller JnJ Eamesl Moncy Ihall l-c relunded III Buyer
,,"n nil Bn.ktr'sle< Jue,
ZI MI~ELLANEOUS:
:\ Alii nllllce reljulrrd "' relmuled IUl-c ddl,'er,'d hcrtundel Ih..lIl-c .kemed rectlved ...hen rcnllnJII, Jtlivered CIf 'cnl \-y l.'nutJ ~rare
mall. pt~lagt prepaiJ, (emlleJ mall, rerum reCClpl rt1lucsled, adressed 1fI Seller III Purchaser, as rht (ast m3\' be, dl rhe aJJrm 'CI lonh
l-clllw rhe Slgnalure 01 such pallY hereto.
B, Thll Cunmclshall be conllrued under and in accunlance with the lawl o( the Slale o( Texas, and all o~ligalions 0/ rlie ranies created
hereunder are performable III Harris Coonry, Texas.
C. thIS Concraclshall be binding upon ..nd mure 10 the benelll oI1he parries herelo and lheil respeclive heln, executors. admmislI'3lon.
legal representaltves, luccessun, and .'Iigns.
D, In case anyone or more of lhe PIlWlllons conlaineJ 10 Ih" Conll'3ClShall for any reason be held 10 be invalid. IlIepl, and unenforceable
In any respect, such invahdilY, IlIegaliry, ur unenforcea~ility shall nOl affect any other proVIsion herrol, and this Conlractshall be construed
as if luch invalid, Illegal, IIr unenforctable proviSIon had never been contained herrin.
E. thIS G.llltraCl constilules the sule and IInly 3grrement o( lhe partin herrto and lupenedes any priol undentandings or Wllllen or oral
agrremenu between the pallles respctling lhe wilhln subject maner and cannot be changed except by their wrinen consent.
F. Time is 0/ the essence 01 thil Contrac!.
G. Wonls uj any gender used III rhls ContraCl shalll-c held and construed to include any olher gender, and words in the singular number
\hall be hdd ro include the plural, and vice vena, unlellthe context requires otherwise.
H. In dCCllnlance with Ihe mlulrrmenu IIllhe Tem Real Estate License Act, Buyer is herrhy i11lvised by Broker: (I) Ihat it ,hould be (umished
wllh or oblaln a pula(\' of 1II1e IOsurance Ilr have rhe ab\rracr covering the Pnlptrty examined by any allom~ o( ill own selection. and
mlhat unlelsorherwllt d~reed to In WflllllR ~ rhe parlles herrlo, Broker and Co. Broker are heing paid by Seller and arr rrprescnting
Seller In Ihis 1r.IOS3Cl1I1n.
12. ASSIGNMENT:
:J A. Buyer may not assign lhis contraCl.
XJ 8. 8uytr may alllgn this Contract and all riRhu hereunder and shall be relieved of any future liability under this Contract provided the
miRnee shall assume in writing alllhe u~hgalion5 uf Buyer hereunJer.
13. TERMINATION OF OFFER: Unlell ~cccpled hi' Seller, as evidenced I, Seller'lsignature herrlo and dtliverrd to Buyer by 5:00 P.M., the
.ls.L day of 01' I" . 19..9.3-. thIS ,,(fer to purchase shall be null and VOid and all parties herelo shalllland
reheved and released 0/ any and all liabIlity or obligalions hereunder and all Eamest Moncy shall be rrtumed to Buyer,
24. CONSULT YOUR ATIORNEY: This is Inlended to be a legallv' hlnding cuntra;t. READ IT CAREFULLY. NO REPRESENTATION
OR RECOMMENDATION IS MADE BY BROKER OR ITS AGENTS OR EMPWYEES AS 10 mE LEGAL SumCIENCY, LEGAL
Emer, OR TAX CONSEQUENCES OF THIS DOCUMENT OR THE TRANSACTION RELU'lNG THERETO. THESE ARE
QUESTIONS fOR VOllR ATIORNEY. CONSUII YOUR ATIORNEY BEfORE SIGNING. The Broker (annOI gi\'e 1'011 lepl advice
- only jactual and bUSiness delalls conceming land .lOd Improvements, ,.'
EXECUTED In mulllple (lflRinals effectil'e Ihe _ Jav IIi
ALL APPLICABLE BOXES SHAll BE CHECKED BY THE PARTIES.
, 19_. (Fill in dale lasl pany sign.,)
license No,
llltlnR 8roker
Seller
BI'
Seller
Co. Broker license No. Seller's AJdrell I~(( l~l,J Phone No.
N -
BI'
B~yer 1
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Receipl (If S Earnest /4/t"-(~'
Money" acknllwledgcd in the form Buyer
oi
~o,(" 11'\1l {,+t~-f- !111-5r{/O
Buyer's A1dlus Phone No.
Escrow Agenr
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STATUS t~CTIVE
CENTRAL APPRAISAL
~ISTRICT ACCOUNf ~
OWNER NAME AND ADDRESS
CITY OF F't~I~:rs
F'EFEF'C Jr'- :"1\ rAf. rOF ~
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OLD ABATTOIR
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F:EFEF~E~~CE NUMBEF: 2
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DEVELOPMENT CODE - A
S.P.T.B. USE CODE - C2
ZONING CODE -
******************** LEGAL
REf'lL ESTATE
DELINQUENCY CODE -
ABSTRACT NUMBER -
MORTGAGE CODE - 800
ACF:ES ,- II/file. t.
UNITS - 00('
DESCRIPTION ********************
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ALPHA SORT - CITY OF PARIS
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BLK 276'
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LT 6
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USER CODES f 2 3 4
ENTER YEAR TO VIEW VALUES OF
5 6 7 8 9 10
OR LEAVE BLANK TO VIEW 1990 & 1989
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TOTAL ASSESSED VALUE - 1990
DATE PD REC REF TAX PAID PbI PD TAX ADJUSTD
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0/00/00 .00 .00 .00
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NEW IMPROVEMENTS - - - 0
AMT NO LONGER ON ROLL - 0
OR LEAVE BLANK TO VIEW SUMMARY OPEN AIR
" ACCT.~ F:
-276-
~*~~~ CURRENT ASSESSMENT
DATE - - - - - - - -
LAND-HOMESITE - - -
LAND-AGRI. MARKET -
LAND-NON HOMESITE -
IMPROVEMENT-HIS --
T. M F'I~: 0 V E MEN T - N 0 ~I H./ S -
PERSONAL PROPERTY -
TOTAL VALUE - - - -
~"R'T USI:: 'I~LUIi:: --
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CURF:
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TAXES
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FROZEN TAX - - -
NEW EXEMPTIONS -
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EXEt1PTIONS
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lAND-HOMESITE - - - 0
LAND-AGRI. MARKET - 0
LAND-NON HOMESITE - , 0
IMPROVEMENT-HIS - - 0
HIPF:OVr::MEtH -t.!ON 1.1/ S'.' 0
PERSONAL PROPERTY - 0
TOTAL VALUE - - - - 0
AGRI. USE VALUE - - 0
AGRI. USE TYPE - - -
ABSOLUTE EXEMPT (E) E
CLAIMED ***************************
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2. Lot 6, City Block 276 - Old Abattoir Site 4.'14 A .! Scale 1" · 400'
3. Lot 2, City Block 281 - Animal Shelter CITY OF PARIS
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