HomeMy WebLinkAboutContract 50418 3 4
CITY SECRETARY
iVEp CONTRACT NO,
1018 CONTRACT OF SALE AND PURCHASE
CIIYO'FORTW
ORTH (Sale by City of Fort Worth of Lake Worth Leased Lot)
CITYSECRETARY
s� Z d IS CONTRACT OF SALE AND PURCHASE ("Contract")is made and entered
y and between the CITY OF FORT WORTH, TEXAS, a Texas home rule municipal
corporation, acting by and through its duly authorized City Manager or Assistant City
Manager ("Seller") and Leobardo & Ma. Del Perfecto Socorro Almaraz Ramirez
("Purchaser") as of M&rt Q0 _, 2018 ("Effective Date").
RECITALS
1. Seller is the owner of the real property only(exclusive of improvements) located at
7537 Vdali Court(formerly known as 7537 Malaga Drive(the Property"),as shown
and more particularly described on the attached Exhibit "A", incorporated herein
for all purposes.
2. Seller and Purchaser (as successor-in-interest to original lessee) are parties to a
ground lease for the Property dated February 1, 1985, as amended by a lease
amendment dated.X2018 (collectively, the "Lease Agreement").
3. The Lease Agreement provides Purchaser with an option to purchase ("Option"),
pursuant to Section 272.001(h) of the Local Government Code, and by execution
of this Contract, Purchaser hereby exercises the Option.
AGREEMENT
In consideration of the mutual covenants, representations, warranties and
agreements contained herein, and for other good and valuable consideration, the receipt
and adequacy of which are hereby acknowledged, Seller and Purchaser agree as follows:
Section 1. Agreement of Sale and Purchase.
(a) Seller agrees to sell and convey the Property to Purchaser, and Purchaser
agrees to purchase and accept the Property from Seller, for the purchase price (as defined
below), subject to the terms and conditions set forth in this Contract.
(b) Seller shall convey the Property to Purchaser AS-IS, as set forth in Section
5.
(c) In Seller's conveyance of the Property to Purchaser, the following rights
and interests shall be reserved to Seller (or have previously been reserved by Seller's
predecessor in title), and such reservation is hereby approved for all purposes: all right,
title, and interest in and to all oil, gas, and other minerals in and under the Property, if any.
O"ICIAL RECORD
CITY SECRETARY
Purchase Contract 7537 Vdali Ct FT,WORIrmp irx
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(d) An avigation easement is reserved on behalf of the public for free and
unobstructed passage of aircraft over the subject property in the navigable airspace above
the minimum altitudes of flight prescribed by federal regulations, including airspace
needed to ensure safety in the takeoff and landing of aircraft. Purchaser hereby releases
Seller,its officers,agents and employees from any and all claim and liability resulting from
the noise, vibration, fumes, dust fuel, electromagnetic interference and lubricant particles
and all other effects, whether such claims are for injury or death to person or persons or
damages to or taking of property, arising out of or in connection with the use of this
easement, when such use is in compliance with the regulations and guidelines of the
Federal Aviation Administration, successor agency, or other governmental authority with
jurisdiction over the matter.
(e) Seller shall retain the following easements and any easements retained by
Seller will be at no cost to Seller: all existing easements, whether of record or not, known
or unknown.
(f) Pursuant to City of Fort Worth Code of Ordinances Section 35-3,Purchaser
agrees to connect to water and sanitary sewer lines if available prior to Closing, or, if not
available prior to Closing, as soon as practicable after such lines are made available. This
requirements shall survive Closing.
Section 2. Purchase Price.
The purchase price ("Purchase Price") for the Property, payable by Purchaser to
Seller in cash at Closing (defined below), is Eighteen Thousand and 00/100 dollars
($ 18,000.00 }. Section 272.001(h) of the Local Government Code requires the
Property to be sold for fair market value of the land as determined by a certified appraiser,
and pursuant to an appraisal obtained by Leobardo and Ma. Del Perfecto Socorro
Almaraz Ramirez dated January 24, 2018, Seller has determined that the Purchase Price
reflects the current fair market value of the Property.
Section 3. Title Commitment and Survey.
(a) Within fifteen (15) days after the Effective Date, Purchaser shall obtain at
Purchaser's sole cost and expense (i) a Commitment for Title Insurance and Title Policy
("Title Commitment") from the Title Company of Purchaser's choice ("Title Company"),
setting forth the status of the title of the Property and showing all liens, claims, easements,
rights-of-way, reservations, restrictions, encroachments, tenancies, and any other
encumbrances (collectively,the "Encumbrances") and other matters, if any, relating to the
Property; and (ii) a legible copy of all documents referred to in the Title Commitment,
including but not limited to,plats,reservations,restrictions, and easements.
(b) Within twenty-five (25) days after the Effective Date, Purchaser may
obtain, at Purchaser's sole cost and expense, an updated survey("Survey") consisting of a
plat and field notes describing the Property, prepared pursuant to a current on-the-ground
staked survey performed by a registered public surveyor or engineer satisfactory to
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Purchaser and Title Company. The Survey shall(i)be certified to Purchaser, its successors
and assigns, and Title Company, (ii) reflect the actual dimensions of and the total number
of square feet within the Property, net of any portion thereof lying within a publicly
dedicated roadway or a utility easement, (iii) identify any rights-of-way, easements, or
other Encumbrances by reference to applicable recording data, and (iv) include the
Surveyor's registered number and seal, and the date of the Survey. The description of the
Property prepared as a part of the Survey will be used in all of the documents set forth in
this Contract that requires a legal description of the Property.
(c) If the Title Commitment or Survey discloses any Encumbrances or other
matters that are not acceptable to Purchaser in Purchaser's sole discretion, then Purchaser
shall give Seller written notice thereof within five (5) days after receipt of the Title
Commitment, Survey and all documents referred to in the Title Commitment, specifying
Purchaser's objections ("Objections"), if any. If Purchaser gives such notice to Seller,
Seller may cure the Objections, but shall be under no obligation to do so.
(d) If Purchaser gives notice of Objections and Seller does not cure the
Objections,cause the Title Commitment and Survey to be amended to give effect to matters
that are cured, and give Purchaser written notice thereof within the five (5) day period
following receipt of the notice from Purchaser ("Cure Period"), Purchaser shall have the
right either (i) to terminate this Contract by giving written notice thereof to Seller at any
time after the expiration of such Cure Period but prior to the expiration of the option period
(as defined below), and, upon such termination, neither party hereto shall have any further
rights or obligations; or (ii) to waive the Objections and consummate the purchase of the
Property subject to the Objections which shall be deemed to be Permitted Encumbrances.
Notwithstanding the foregoing sentence, if Seller has commenced curing the Objections
and is diligently prosecuting the same, as determined by Purchaser in Purchaser's sole
discretion, then Purchaser in Purchaser's sole discretion may extend the Cure Period for an
amount of time Purchaser deems necessary for Seller to cure the same. PURCHASER
ACKNOWLEDGES THAT A TERMINATION OF THIS CONTRACT PURSUANT
TO THE TERMINATION RIGHT IN THIS SECTION 3(d) OR ANY OTHER
TERMINATION RIGHT HEREIN WILL BE A DEFAULT BY LESSEE UNDER
THE LEASE AGREEMENT, AND PURCHASERIL.ESSEE WILL THEN BE
SUBJECT TO THE TERMINATION RIGHT OF THE SELLERIL.ESSOR IN THE
LEASE AGREEMENT.
Section 4. Review Reports. DELETED BY AGREEMENT OF THE PARTIES.
Section 5. Representations, Warranties, "AS IS"
(a) EXCEPT AS EXPRESSLY STATED IN THIS AGREEMENT,
PURCHASER ACKNOWLEDGES AND AGREES THAT SELLER HAS NOT
MADE, DOES NOT MAKE AND SPECIFICALLY NEGATES AND DISCLAIMS
ANY REPRESENTATIONS, WARRANTIES, PROMISES, COVENANTS,
AGREEMENTS OR GUARANTIES OF ANY KIND OR CHARACTER
WHATSOEVER, WHETHER EXPRESS OR IMPLIED, ORAL OR WRITTEN,
PAST, PRESENT OR FUTURE, OF,AS,TO CONCERNING OR WITH RESPECT
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TO (A) THE VALUE, NATURE, QUALITY OR CONDITION OF THE
PROPERTY INCLUDING, WITHOUT LIMITATION, THE WATER, SOIL AND
GEOLOGY, (B) THE INCOME TO BE DERIVED FROM THE PROPERTY, (C)
THE SUITABILITY OF THE PROPERTY FOR ANY AND ALL ACTIVITIES
AND USES WHICH PURCHASER MAY CONDUCT THEREON, (D) THE
COMPLIANCE OF OR BY THE PROPERTY OR ITS OPERATION WITH ANY
LAWS, RULES, ORDINANCES OR REGULATIONS OF ANY APPLICABLE
GOVERNMENTAL AUTHORITY OR BODY, (E) THE HABITABILITY,
MERCHANTABILITY, MARKETABILITY, PROFITABILITY OR FITNESS
FOR A PARTICULAR PURPOSE OF THE PROPERTY, (F) THE MANNER OR
QUALITY OF THE CONSTRUCTION OR MATERIALS, IF ANY,
INCORPORATED INTO THE PROPERTY, (G) THE MANNER, QUALITY,
STATE OF REPAIR OR LACK OF REPAIR OF THE PROPERTY, OR (H) ANY
OTHER MATTER WITH RESPECT TO THE PROPERTY, AND
SPECIFICALLY, THAT SELLER HAS NOT MADE, DOES NOT MAKE AND
SPECIFICALLY DISCLAIMS ANY REPRESENTATIONS REGARDING
COMPLIANCE WITH ANY ENVIRONMENTAL PROTECTION, POLLUTION
OR LAND USE LAWS, RULES, REGULATIONS, ORDERS OF
REQUIREMENTS, INCLUDING SOLID WASTE, AS DEFINED BY THE U. S.
ENVIRONMENTAL PROTECTION AGENCY REGULATIONS AT 40 C.F.R.,
PART 261, OR THE DISPOSAL OR EXISTENCE IN OR ON THE PROPERTY,
OF ANY HAZARDOUS SUBSTANCE,AS DEFINED BY THE COMPREHENSIVE
ENVIRONMENTAL RESPONSE COMPENSATION AND LIABILITY ACT OF
1980, AS AMENDED, AND REGULATIONS PROMULGATED THEREUNDER.
PURCHASER FURTHER ACKNOWLEDGES AND AGREES THAT HAVING
BEEN GIVEN THE OPPORTUNITY TO INSPECT THE PROPERTY,
PURCHASER IS RELYING SOLELY ON ITS OWN INVESTIGATION OF THE
PROPERTY AND NOT ON ANY INFORMATION PROVIDED OR TO BE
PROVIDED BY SELLER. AS A MATERIAL PART OF THE CONSIDERATION
FOR THIS AGREEMENT, SELLER AND PURCHASER AGREE THAT
PURCHASER IS TAKING THE PROPERTY "AS IS" WITH ANY AND ALL
LATENT AND PATENT DEFECTS AND THAT THERE IS NO WARRANTY BY
SELLER THAT THE PROPERTY IS FIT FOR A PARTICULAR PURPOSE.
PURCHASER ACKNOWLEDGES THAT IT IS NOT RELYING UPON ANY
REPRESENTATIONS, STATEMENTS, ASSERTIONS OR NON-ASSERTIONS
BY THE SELLER WITH RESPECT TO THE PROPERTY CONDITION, BUT IS
RELYING SOLELY UPON ITS EXAMINATION OF THE PROPERTY.
PURCHASER TAKES THE PROPERTY UNDER THE EXPRESS
UNDERSTANDING THERE ARE NO EXPRESS OR IMPLIED WARRANTIES
(EXCEPT FOR LIMITED WARRANTIES OF TITLE SET FORTH IN THE
CLOSING DOCUMENTS). UPON CONVEYANCE,AS BETWEEN SELLER AND
PURCHASER, THE RISK OF LIABILITY OR EXPENSE FOR
ENVIRONMENTAL PROBLEMS AFFECTING THE PROPERTY, EVEN IF
ARISING FROM EVENTS BEFORE CLOSING, WILL BE THE SOLE
RESPONSIBILITY OF PURCHASER, REGARDLESS OF WHETHER THE
ENVIRONMENTAL PROBLEMS WERE KNOWN OR UNKNOWN AT
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CLOSING. ONCE CLOSING HAS OCCURRED, PURCHASER INDEMNIFIES,
HOLDS HARMLESS AND RELEASES SELLER FROM LIABILITY FOR
ENVIRONMENTAL PROBLEMS AFFECTING THE PROPERTY, INCLUDING,
BUT NOT LIMITED TO, UNDER THE COMPREHENSIVE ENVIRONMENTAL
RESPONSE, COMPENSATION AND LIABILITY ACT ("CERCLA"), THE
RESOURCE CONSERVATION AND RECOVERY ACT (RCRA), THE TEXAS
SOLID WASTE DISPOSAL ACT OR THE TEXAS WATER CODE. PURCHASER
INDEMNIFIES, HOLDS HARMLESS AND RELEASES SELLER FROM ANY
LIABILITY FOR ENVIRONMENTAL PROBLEMS OR CONDITIONS
AFFECTING THE PROPERTY ARISING AS THE RESULT OF SELLER'S OWN
NEGLIGENCE OR THE NEGLIGENCE OF SELLER'S REPRESENTATIVES,
BUT NOT ANY WILLFUL ACTS OR OMISSIONS OR GROSS NEGLIGENCE OF
SELLER OR SELLER'S REPRESENTATIVES. PURCHASER INDEMNIFIES,
HOLDS HARMLESS AND RELEASES SELLER FROM ANY LIABILITY FOR
ENVIRONMENTAL PROBLEMS OR CONDITIONS AFFECTING THE
PROPERTY ARISING AS A RESULT OF THEORIES OF PRODUCTS
LIABILITY AND STRICT LIABILITY, OR UNDER NEW LAWS OR CHANGES
TO EXISTING LAWS ENACTED AFTER CONVEYANCE DATE THAT WOULD
OTHERWISE IMPOSE ON SELLER IN THIS TYPE OF TRANSACTION NEW
LIABILITIES FOR ENVIRONMENTAL PROBLEMS OR CONDITIONS
AFFECTING THE PROPERTY. PROVISIONS OF THIS SECTION SHALL
SURVIVE THE CLOSING. IT IS UNDERSTOOD AND AGREED THAT THE
PURCHASE PRICE HAS BEEN ADJUSTED BY PRIOR NEGOTIATION TO
REFLECT THAT ALL OF THE PROPERTY IS SOLD BY SELLER AND
PURCHASED BY PURCHASER SUBJECT TO THE FOREGOING.
PURCHASER ACKNOWLEDGES AND ACCEPTS ALL THE TERMS AND
PROVISIONS BY HIS ACCEPTANCE HEREOF.
b. The provisions of Section 5(a) shall be incorporated into the Deed.
C. The provisions of Section 5(a) shall survive the Closing.
Section 6. Option Period. DELETED BY AGREEMENT OF THE PARTIES
Section 7. Tests. Purchaser, at Purchaser's sole cost and risk, shall have the
right to make inspections, surveys, test borings, soil analyses, and other tests, studies and
surveys, including without limitation, environmental and engineering tests, borings,
analyses, site assessments, and studies ("Tests). Any Tests shall be conducted at
Purchaser's sole risk and expense,and PURCHASER AGREES TO INDEMNIFY AND
DEFEND SELLER AND THE PROPERTY FROM ANY LIENS AND CLAIMS
RESULTING FROM SUCH TESTS. The Property will be restored by Purchaser to its
original condition at Purchaser's sole expense following any site work. Purchaser shall
release to Seller any and all independent studies or results of Tests obtained during the
Option Period.
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Section 8. Closinlz Continl4encies. DELETED BY AGREEMENT OF THE
PARTIES.
Section 9. Closing.
(a) The closing of the sale of the Property by Seller to Purchaser ("Closing")
shall occur through the office of the Title Company no later than eighteen(18)months after
the Effective Date. At the Closing, all of the following shall occur,all of which are deemed
concurrent conditions:
(1) Seller, at Purchaser's sole cost and expense, shall deliver or cause to
be delivered to Purchaser the following:
(i) A Special Warranty Deed ("Deed"), fully executed and
acknowledged by Seller; conveying to Purchaser good and
indefeasible fee simple title to the Property subject to existing
known or unknown easements, rights-of-way, and prescriptive
rights, whether of record or not; containing (A) reservations
pursuant to Section 1(c), (d) and (e); (B) the following statement as
required by Local Government Code 272.001(h), "To protect the
public health, safety,or welfare and to ensure an adequate municipal
water supply, the Property sold by the City of Fort Worth under
Local Government Code 272.001(h)is not eligible for and the owner
is not entitled to the exemption provided by Section 11.142(a),
Water Code;" and (C) the language required in Section 5, with the
precise form of the Deed to be determined pursuant to Section 11
below;
(ii) Any other instrument or document necessary for Title
Company to issue the Owner Policy in accordance with Section 9(a)
(3) below.
(2) Purchaser, at Purchaser's sole cost and expense, shall deliver or
cause to be delivered to Seller through the Title Company a certified check
or such other means of funding acceptable to Seller, in an amount equal to
the Purchase Price,plus any rent due and owing under the Lease Agreement.
(3) The Title Company shall issue to Purchaser, at Purchaser's sole cost
and expense, a Texas Owner Policy of Title Insurance ("Owner Policy")
issued by Title Company in the amount of the Purchase Price insuring that,
after the completion of the Closing, Purchaser is the owner of indefeasible
fee simple title to the Property, subject only to the Permitted.
(4) Seller and Purchaser shall each pay their respective attorneys' fees.
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(5) Except as otherwise provided herein, all costs and expenses in
connection with Closing shall be paid or borne by Purchaser including
without limitation, Title Company attorney and escrow or settlement fees,
costs of tax certificates, survey costs, and title insurance policy costs.
(6) Purchaser shall be responsible for all ad valorem and similar taxes
and assessments, if any, relating to the Property.
(c) Upon completion of the Closing, Seller shall deliver possession of the
Property to Purchaser.
Section 10. Alzents. Seller and Purchaser each represent and warrant to the other
that it has not engaged the services of any agent,broker, or other similar party in connection
with this transaction except the following: NA. PURCHASER SHALL BE SOLELY
RESPONSIBLE FOR AND SHALL INDEMNIFY SELLER FROM PAYMENT OF
ANY BROKERAGE FEES OR COMMISSIONS.
Section 11. Closing Documents. DELETED BY AGREEMENT OF THE
PARTIES.
Section 12. Notices.
(a) Any notice under this Contract shall be in writing and shall be deemed to
have been served if(i) delivered in person to the address set forth below for the party to
whom the notice is given, (ii) delivered in person at the Closing (if that party is present at
the Closing), (iii) placed in the United States mail, return receipt requested, addressed to
such party at the address specified below, or (iv) deposited into the custody of Federal
Express Corporation to be sent by FedEx Overnight Delivery or other reputable overnight
carrier for next day delivery, addressed to the party at the address specified below.
(b) The address of Seller under this Contract is:
City of Fort Worth With a copy to:
Property Management Department City of Fort Worth
Attn: Lester England, Sr. Land Agent City Attorney's Office
200 Texas Street Attn: Leann Guzman
Fort Worth, Texas 76102 200 Texas Street
Fort Worth, Texas
76102
(c) The address of Purchaser under this Contract is:
Leobardo Medina
3474 Coronado Ct
Fort Worth, TX 76116-6719
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(d) From time to time either party may designate another address under this
Contract by giving the other party advance written notice of the change.
Section 13. Termination, Default, and Remedies.
(a) If Purchaser fails or refuses to consummate the purchase of the Property
pursuant to this Contract at the Closing for any reason other than termination of this
Contract by Purchaser pursuant to a right so to terminate expressly set forth in this Contract
or Seller's failure to perform Seller's obligations under this Contract,then Seller, as Seller's
sole and exclusive remedy, shall have the right to terminate this Contract by giving written
notice thereof to Purchaser prior to or at the Closing, whereupon neither party hereto shall
have any further rights or obligations. NOTWITHSTANDING ANYTHING HEREIN
TO THE CONTRARY, PURCHASER ACKNOWLEDGES THAT A
TERMINATION OF THIS CONTRACT PURSUANT TO THE TERMINATION
RIGHT IN THIS SECTION 13(a) OR ANY OTHER TERMINATION RIGHT
HEREIN WILL BE A DEFAULT BY LESSEE UNDER THE LEASE
AGREEMENT,AND PURCHASERILESSEE WILL THEN BE SUBJECT TO THE
TERMINATION RIGHT OF THE SELLER/LESSOR IN THE LEASE
AGREEMENT.
(b) If Seller fails or refuses to consummate the sale of the Property pursuant to
this Contract at Closing or fails to perform any of Seller's other obligations hereunder either
prior to or at the Closing for any reason other than the termination of this Contract by Seller
pursuant to a right so to terminate expressly set forth in this Contract or Purchaser's failure
to perform Purchaser's obligations under this Contract, then Purchaser shall have the right
to terminate this Contract by giving written notice thereof to Seller prior to or at the
Closing. A termination by Purchaser of this Contract due to Seller's default will not
result in a default under the Lease Agreement.
Section 14. Entire Contract. This Contract (including the attached exhibits)
contains the entire contract between Seller and Purchaser, and no oral statements or prior
written matter not specifically incorporated herein is of any force and effect. No
modifications are binding on either party unless set forth in a document executed by that
party.
Section 15. Assigns. This Contract inures to the benefit of and is binding on the
parties and their respective legal representatives, successors, and assigns. Any assignment
must be approved by City of Fort Worth and this Contract cannot be assigned less than 60
days prior to the scheduled Closing.
Section 16. Time of the Essence. It is expressly agreed that time is of the
essence with respect to this Contract.
Section 17. Taking Prior to Closing. If, prior to Closing, the Property or any
portion thereof becomes subject to a taking by virtue of eminent domain, Purchaser may,
in Purchaser's sole discretion, either(i)terminate this Contract, and neither party shall have
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any further rights or obligations hereunder, or (ii) proceed with the Closing of the
transaction with an adjustment in the Purchase Price to reflect the net square footage of the
Property after the taking.
Section 18. Governing Law. This Contract shall be governed by and construed in
accordance with the laws of the State of Texas.
Section 19. Performance of Contract. The obligations under the terms of the
Contract are performable in Tarrant County, Texas, and any and all payments under the
terms of the Contract are to be made in Tarrant County, Texas.
Section 20. Venue. Venue of any action brought under this Contract shall be in
Tarrant County, Texas if venue is legally proper in that county.
Section 21. Severability. If any provision of this Contract is held to be invalid,
illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability will
not affect any other provision,and this Contract will be construed as if such invalid,illegal,
or unenforceable provision had never been contained herein.
Section 22. Business Days. If the Closing or the day for performance of any act
required under this Contract falls on a Saturday, Sunday, or legal holiday for the City of
Fort Worth or federal holiday, then the Closing or the day for such performance, as the
case may be, shall be the next following regular business day.
Section 23. Multiple Counterparts. This Contract may be executed in any
number of identical counterparts. If so executed, each of such counterparts is to be deemed
an original for all purposes, and all such counterparts shall, collectively, constitute one
agreement, but, in making proof of this Contract, it shall not be necessary to produce or
account for more than one such counterpart.
This Contract is executed as of the Effective Date.
SELLER: PURCHASER
CITY OF FORT WORTH, TEXAS
��
By: XBy: Lao60 90— e2 f%10.
Jesus J. Chapa Leobardo Medina
Assistant City Manager Date: 73— E?; )6
By: o�_ t1 Qa4�r-c.4o S6Cny!03 atw%&yCLy,
Ma. Del Perfecto Socorro Almaraz Ramirez I-Ay%. ;{�q
Date: 1 ` Date:
01"ICTAL RECORD
Purchase Contract 7537 Vdah Ct �
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ATTEST.
ORT Wow
ary Ka r
City Secretary
M&C: L-15964 t1
1295: N/A
APPROVED AS TO LEGALIT AND FORM
Alm
i
s istant City Attorney
CONTRACT MANAGER
By signing I acknowledge that I am the person responsible for the monitoring and
administration of this contract, including ensuring all performance and reporting
requirements.
K57e=s�
Name: Lester t. En 1 d
Title: Sr. Land Agent
OFFICIAL RECORD
CITY SECRET '
WORTH9 TX
Purchase Contract 7537 Vdah Ct
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By its execution below, Title Company acknowledges receipt of this Contract and agrees
to hold and deliver the same and perform its duties pursuant to the provisions of this
Contract.
TITLE COMPANY:
By.
Name:
Title: ��crs►y Q ,c.e;
Date:
Phone Y/ - 9a/-
Fax
1a/-Fax
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Exhibit "A"
Property Description
Leased Land known as Lot 45, Block 7,Lake Worth Leases, an addition to the City of Fort
Worth, Tarrant County, Texas, as shown on the plat recorded in Cabinet A, Slide 6447,
Plat Records, and Tarrant County, Texas and otherwise known as 7537 Vdali Court
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