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HomeMy WebLinkAboutContract 52507 00% Aft� B: GGSNSO cm'SECRETARy fit) 2 2p19 3��-' corcrNo. 50 7 �` ��`L a��Gl cN sEceE aYH CONTRACT OF SALE AND PURCHASE THIS CONTRACT OF SALE AND PURCHASE ("Contract") is made and entered into by and between the CITY OF FORT WORTH,TEXAS,a home rule Municipal Corporation of the State of Texas,. acting by and through its duly authorized City Manager or Assistant City Manager ("Purchaser") and FRANK KENT CHURCHILL ("Seller"), as of the date on which this Contract is executed by the last to sign of Seller and Purchaser("Effective Date"). AGREEMENT In consideration of the mutual covenants in this Contract, Seller and Purchaser agree as follows: Section 1. Sale and Purchase. (a) Seller agrees to sell and convey to Purchaser and Purchaser agrees to purchase and accept from Seller,on and subject to the terms and conditions set forth in this Contract approximately 0.1893 acres of land known as HILLCREST ADDITION-FORT WORTH, Block 5, Lot 32, Tarrant County, Texas (also known as 2203 Western Avenue, Fort Worth, Texas) (the "Land"), together with(i) all buildings, fixtures, structures and improvements thereon; (ii)any strips or gores between the Land and all abutting properties; (iii)all roads, alleys, rights-of-way, easements, streets and ways adjacent to or serving the Land and rights of ingress and egress thereto, whether surface, subsurface or otherwise; (iv) any land lying in the bed of any street, road or access way, opened or proposed, in front of, at a side of or adjoining the Land, to the centerline of such street,road or access way;(v)all of Seller's rights,titles and interest, if any, in and to all water rights or any kind or character pertaining Ao the Land; and (vi) all licenses, interests, and rights appurtenant to the Land. The Land and Items(i)-(vi)are collectively referred to as the "Property". (b) Seller shall convey the Property to Purchaser free and clear of all liens,claims,easements, rights-of-way, reservations, restrictions, encroachments, tenancies, and any other encumbrances (collectively,the "Encumbrances")except the Encumbrances appearing in the Title Commitment and the Survey (hereinafter defined) that are not cured and that are subsequently waived pursuant to Section 3 ("Permitted Encumbrances"). (c) Notwithstanding anything to the contrary, Seller hereby retains and reserves from this conveyance(and the Property does not include)for itself,and its successors and assigns,any and all interest in any and all oil,gas and other minerals in,on,or under the Land;provided,however, Seller hereby waives and relinquishes access to any use of the surface of the Property. Section 2. Independent Contract Consideration and Purchase Price. (a) Contemporaneously with the execution of this Contract, Purchaser delivers to Seller a check in the amount of$50.00("Independent Contract Consideration")as independent consideration for Seller's execution,delivery and performance of this Contract. This Independent Contract Consideration is in addition to and independent of any other consideration or payment provided for in this Contract, is non- refundable, and shall be retained by Seller notwithstanding any other provision of this Contract; however, upon Closing(as hereinafter defined),the Independent Contract Consideration shall be applied as a credit toward the Purchase Price(as hereinafter defined). EOFFICIAL RECORD 2203 Western Ave Page 1 of 12 RETARYRTH,Tx (b) The purchase price("Purchase Price")for the Property,payable by Purchaser to Seller at Closing (as hereinafter defined), is TWO HUNDRED EIGHTY-TWO THOUSAND FIVE HUNDRED and 00/100 DOLLARS($282,500.00). Section 3. Title Commitment and Survey. (a) Within 15 business days after the Effective Date,Purchaser shall obtain at Purchaser's sole cost and expense, a Commitment for Title Insurance("Title Commitment")from Alamo Title Company, 2900 S. Hulen, Suite 30, Fort Worth, Texas 76109, Telephone: 817-921-1215, Attention: LaVonne Keith (the "Title Company"). The Title Commitment shall be effective as of a date which is on or after the Effective Date, showing Seller as the record title owner of the Land,and shall show all Encumbrances and other matters, if any, relating to the Property. The Title Company shall also deliver contemporaneously with the Title Commitment legible copies of all documents referred to in the Title Commitment, including but not limited to,plats,reservations,restrictions, and easements. (b) Purchaser may obtain a survey of the Property ("Survey") at Purchaser's sole cost and expense. The Survey shall consist 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 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 require a legal description of the Property. (c) Purchaser shall have a period of time ("Title Review Period") commencing on the Effective Date and ending 15 business days after the Effective Date in which to notify Seller in writing of any objections("Objections")Purchaser has to any matters shown on the Title Commitment or the Survey. (d) Seller shall have the option,but not the obligation,to remedy or remove all Objections(or agree irrevocably in writing to remedy or remove all such Objections at or prior to Closing) during the period of time (the "Cure Period") ending on the tenth business day after Seller's receipt of Purchaser's notice of such Objections. Except to the extent that Seller cures, or agrees in writing to cure, such Objections during the Cure Period,Seller shall be deemed to have elected not to cure such matters. If Seller is, or is deemed to be, unable or unwilling to remedy or cause the removal of any Objections (or agree irrevocably to do so at or prior to Closing) within the Cure Period,then either (i)this Agreement may be terminated in its entirety by Purchaser by giving Seller written notice to such effect during the period of time (the "Termination Period") ending on the fifth business day following the end of the Cure Period, and the parties shall be released of further obligations under this Agreement; or (ii) any such Objections may be waived by or on behalf of Purchaser,with Purchaser to be deemed to have waived such Objections if notice of termination is not given within the Termination Period. Any title encumbrances or exceptions which are set forth in the Title Commitment or the Survey and to which Purchaser does not object within Title Review Period(or which are thereafter waived or deemed to be waived by Purchaser)shall be deemed to be permitted exceptions(the "Permitted Exceptions")to the status of Seller's title to the Property. (d) Any other provision herein to the contrary notwithstanding, (i)all exceptions disclosed in the Title Commitment (or any subsequent commitment) which arise on or after the Effective Date of this Agreement and are not attributable to actions by Purchaser and (ii) all Objections that Seller agrees in 2203 Western Ave Page 2 of 12 writing to cure at or prior to Closing(collectively,the "Mandatory Cure Items")shall be satisfied, cured or removed by Seller, at Seller's sole cost and expense, at or prior to Closing. Section 4. Due Diligence Documents. Within 5 business days after the Effective Date, Seller shall deliver to Purchaser for Purchaser's review(i)any and all tests, studies and investigations relating to the Property and the operation and maintenance thereof, including, without limitation, any soil tests, engineering reports or studies, and any Phase I or other environmental audits, reports or studies of the Property;(ii)any and all information regarding condemnation notice(s),proceedings and awards affecting the Property; and(iii) all proposed or existing private covenants, conditions and restrictions, of which the Property will be a part and any other private agreements affecting the use or development of the Property. Section 5. Tests. Purchaser,at Purchaser's sole cost and risk,shall have the right to go on to the Property, including the Improvements, to make inspections, surveys, test borings, soil analysis, and other tests,studies and surveys, including without limitation,environmental and engineering tests,borings, analysis, and studies ("Tests"). Any Tests shall be conducted at Purchaser's sole expense. At the conclusion of the Tests,the Property will be restored by Purchaser, at Purchaser's sole expense, to at least a similar condition as before the Tests were conducted. In the event this transaction does not close for any reason whatsoever,the Purchaser shall release to Seller any and all independent studies or results of Tests obtained during the Option Period(as defined below). Section 6. Option Period. (a) Notwithstanding anything to the contrary contained in this Contract,until 60 days after the Effective Date("Option Period"),the following is a condition precedent to Purchaser's obligations under this Contract: Purchaser being satisfied in Purchaser's sole and absolute discretion that the Property is suitable for Purchaser's intended uses, including, without limitation, Purchaser being satisfied with the results of the Tests(defined in Section 5 above). (b) If Purchaser is not satisfied in Purchaser's sole and absolute discretion as to the condition precedent described in Section 6(a)above, Purchaser may give written notice thereof to Seller on or before the end of the Option Period,whereupon this Contract shall terminate. Upon such termination,the Contract will terminate, and neither party shall have any further rights or obligations under this Contract. (c) The provisions of this Section 6 control all other provisions of this Contract. (d) The parties agree that the Option Period will not be extended upon expiration without a written amendment signed by both parties except in the case of any tenants continuing to occupy any portions of the Property in which case the Option Period shall automatically be extended until such time that the entirety of the Property is vacant of all occupants. Upon receipt of Seller's notification offull vacancy,Purchaser shall have 10 days to inspect the condition of the Property. Section 7. Closing Deadline. The closing ("Closing") of the sale of the Property by Seller to Purchaser shall occur through the office of the Title Company on or before 30 days after the expiration of the Option Period, but in no instance prior to full vacancy of all portions of the Property. 2203 Western Ave Page 3 of 12 Section 8. Closing. (a) At the Closing, all of the following shall occur, all of which are deemed concurrent conditions: (1) Seller, at Seller'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 only to the Permitted Encumbrances, but containing a reservation of the mineral rights, with the precise form of the Deed to be determined pursuant to Section 10 below; (ii) A Non-Foreign Person Affidavit, in form and substance reasonably satisfactory to Purchaser, fully executed and acknowledged by Seller, confirming that Seller is not a foreign person or entity within the meaning of Section 1445 of the Internal Revenue Code of 1986,as amended; (iii) Evidence of authority to consummate the sale of the Property as is contemplated in this Agreement or as Purchaser or the escrow agent may reasonably request; and (iv) Any other instrument or document necessary for Title Company to issue the Owner Policy in accordance with Section 8(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 federally wired funds or a certified or cashier's check or such other means of funding acceptable to Seller, in an amount equal to the Purchase Price,adjusted for closing costs and prorations. (3) Title Company shall issue to Purchaser, at Purchaser's sole cost and expense, an 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 Encumbrances, and the standard printed exceptions included in a Texas Standard Form Owner Policy of Title Insurance; provided, however, the printed form survey exception shall be limited to "shortages in area,"the printed form exception for restrictive covenants shall be deleted except for those restrictive covenants that are Permitted Encumbrances, there shall be no exception for rights of parties in possession, and the standard exception for taxes shall read: "Standby Fees and Taxes for the year of Closing and subsequent years, and subsequent assessments for prior years due to change in land usage or ownership"; (4) Seller and Purchaser shall each pay their respective attorneys'fees. (5) Seller shall pay all recording fees and any other closing costs as set forth by the Title Company. (b) Purchaser will qualify for exemption from ad valorem taxation for the Property, and no ad valorem taxation shall accrue after the date of Closing. Therefore, any ad valorem taxes assessed against the property for the current year shall be for the period of time the Property was owned by Seller,and based on estimates of the amount of taxes that will be due and payable on the Property during the current year, Seller shall pay for any taxes and assessments applicable to the Property up to and including the date of 2203 Western Ave Page 4 of 12 ..ft. ... Closing. As soon as the amount of taxes and assessments on the Property for the current year is known, Seller shall pay any additional amount of taxes to be paid for any taxes and assessments applicable to the Property up to and including the date of Closing. The provisions of this Section 8(b) survive the Closing. (c) Upon completion of the Closing, Seller shall deliver possession of the Property to Purchaser,free and clear of all tenancies and title encumbrances of every kind except those disclosed in the Permitted Encumbrances. Section 9. Seller's Representations. Seller hereby represents and warrants to Purchaser, as of the Effective Date and as of the Closing Date, except as otherwise disclosed in written notice from Seller to Purchaser at or prior to Closing,that: (a) Seller's Authority. This Contract has been duly authorized by requisite action and is enforceable against Seller in accordance with its terms;neither the execution and delivery of this Agreement nor the consummation of the sale provided for herein will constitute a violation or breach by Seller of any provision of any agreement or other instrument to which Seller is a party or to which Seller may be subject although not a party, or will result in or constitute a violation or breach of any judgment,order,writ,junction or decree issued against or binding upon Seller or the Property; (b) No Pending Proceedings. There is no action, suit, proceeding or claim affecting the Property or any portion thereof, or affecting Seller and relating to the ownership, operation, use or occupancy of the Property, pending or being prosecuted in any court or by or before any federal, state, county or municipal department, commission, board, bureau or agency or other governmental entity and no such action, suit, proceeding or claim is threatened or asserted; (c) Seller is Not a Foreign Person. Seller is not a foreign person or entity as defined in Section 1445 of the Internal Revenue Code of 1986, as amended, and Purchaser is not obligated to withhold any portion of the Sales Price for the benefit of the Internal Revenue Service; (d) No Insolvency Proceedings. No attachment, execution, assignment for the benefit of creditors, receivership, conservatorship or voluntary or involuntary proceedings in bankruptcy or pursuant to any other debtor relief laws is contemplated or has been filed by or against Seller or the Property,nor is any such action pending by or against Seller or the Property; (e) Contract Obligations. Except as otherwise disclosed in the Title Commitment, no lease, contract or agreement exists relating to the Property or any portion thereof which is not terminable at will or upon not more than 30 days'prior notice except tenant leases; (f) No Competing Rights. No person, firm or entity, other than Purchaser, has any right to purchase, lease or otherwise acquire or possess the Property or any part thereof, (g) No Regulatory Violations. The Property is not in breach of any law, ordinance or regulation,or any order of any court or any federal,state,municipal or other governmental department, commission, board, bureau, agency or instrumentality wherever located, including, without limitation, those relating to environmental matters and hazardous waste, and no claim, action, suit or proceeding is pending or, to the best of Seller's knowledge and belief and after due inquiry, threatened against or affecting Seller or affecting the Property, at law or in equity,or before or by any federal, state, municipal or other governmental department, commission, board, bureau, agency or entity wherever located, with respect to the Property or the Seller's present use and operation of the Property; and 2203 Western Ave Page 5 of 12 (h) No Hazardous Materials. To the best of Seller's knowledge, (i) all required federal, state and local permits concerning or related to environmental protection and regulation for the Property have been secured and are current; (ii) Seller is and has been in full compliance with such environmental permits and other requirements regarding environmental protection under applicable federal, state or local laws, regulations or ordinances; (iii)there is no pending action against Seller under any environmental law, regulation or ordinance and Seller has not received written notice of any such action or possible action; (iv) there is not now, nor has there been in the past, any release of hazardous substances on, over, at, from, into or onto any facility at the Property, as such terms are understood under the Comprehensive Environmental Response, Compensation and Liability Act; and (v) Seller does not have actual knowledge of any environmental condition, situation or incident on,at or concerning the Property that could reasonably be expected to give rise to an action or to liability under any law,rule,ordinance or common law theory governing environmental protection. Seller acknowledges that Purchaser has relied and will rely on the representations and warranties of Seller in executing this Agreement and in closing the purchase and sale of the Property pursuant to this Agreement, and Seller, during the term of this Agreement, agrees to notify Purchaser promptly in the event that Seller obtains knowledge of any change affecting any of such representations and warranties, in which event Purchaser shall be entitled to exercise the remedies set forth in Section 14 hereof. Until and unless Seller's warranties and representations shall have been qualified and modified as appropriate by any such additional information provided by Seller to Purchaser, Purchaser shall continue to be entitled to rely on Seller's representations and warranties set forth in this Agreement, notwithstanding any contrary information resulting from any inspection or investigation made by or on behalf of Purchaser. All of Seller's representations and warranties, as so qualified and modified, shall survive Closing. Section 10. Seller's Covenants. (a) Updating of Information. Seller acknowledges that Purchaser will rely upon the Title Commitment, Survey, Due Diligence documents and other materials delivered by Seller to Purchaser hereunder to satisfy itself with respect to the condition and operation of the Property, and Seller agrees that,if Seller discovers that the information contained in any of the materials delivered to Purchaser hereunder is inaccurate or misleading in any respect, then Seller shall promptly notify Purchaser of such changes and supplement such materials. (b) Prohibited Activities. During the term of this Agreement, Seller shall not, without the prior written consent of Purchaser, which consent Purchaser shall have no obligation to grant and which consent, if granted, may be conditioned in such manner as Purchaser shall deem appropriate in the sole discretion of Purchaser: (i) grant any licenses, easements or other uses affecting any portions of the Property; (ii) permit any mechanic's or materialman's lien to attach to any portion of the Property; (iii)place or permit to be placed on,or remove or permit to be removed from,the Property any trees,buildings, structures or other improvements of any kind; (iv)excavate or permit the excavation of the Property or any portion thereof;or(v) enter into any written leases or verbal rental agreements for any duration affecting any portions of the Property. (c) Cooperation in Permitting Activities. During the term of this Agreement, Seller will cooperate with Purchaser in such manner and at such times as Purchaser may request in obtaining subdivision, zoning or rezoning, site plan development, building permit and other approvals required for Purchaser's proposed use, including without limitation, signing such applications for such approvals and other instruments as may be required or authorizing Purchaser to sign such applications or instruments as Seller's agent or both. Purchaser shall 2203 Western Ave Page 6 of 12 bear the costs and expenses of obtaining all such approvals except for attorneys'fees that Seller may consider necessary in connection with reviewing such applications and instruments,which shall be borne solely by Seller. Section 11. AEents. 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. Section 12. Closing Documents. No later than 3 business days prior to the Closing, Seller shall deliver to Purchaser copies of the closing documents(including but not limited to the Deed)for Purchaser's reasonable right of approval. Section 13. 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 Buyer under this Contract is: City of Fort Worth With a copy to: 200 Texas Street Leann D. Guzman Fort Worth, Texas 76102 City Attorney's Office Attention: Niels Brown City of Fort Worth Telephone: (817) 392-5166 200 Texas Street Fort Worth,Texas 76102 Telephone: (817) 392-7600 (c) The address of Seller under this Contract is: Frank Kent Churchill 3600 Dorothy Lane Fort Worth,Texas 76107-1702 Telephone: (817)205-3118 (d) From time to time either party may designate another address or fax number under this Contract by giving the other party advance written notice of the change. Section 14. 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 hereunder. 2203 Western Ave Page 7 of 12 (b) If(1) Seller fails or refuses to timely consummate the sale of the Property pursuant to this Contract at Closing, (2) at the Closing any of Seller's representations, warranties or covenants contained herein is not true or has been breached or modified, or (3) Seller 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: (i) terminate this Contract by giving written notice thereof to Seller prior to or at the Closing and neither party hereto shall have any further rights or obligations hereunder; (ii) waive,prior to or at the Closing,the applicable objection or condition and proceed to close the transaction contemplated hereby in accordance with the remaining terms hereof; (iii) enforce specific performance of Seller's obligations under this Agreement; or (v) institute an action for damages against Seller. Section 15. Survival of Obligations. To the extent necessary to carry out the terms and provisions hereof,the terms,conditions,warranties,representations,obligations and rights set forth herein shall not be deemed terminated at the time of the Closing, nor shall they merge into the various documents executed and delivered at the time of the Closing. All representations and warranties by Seller in this Agreement(i) will expire two years after the Closing as to matters for which Purchaser has not provided written notice to Seller within such period of time; and (ii) will expire as to all matters specified in any such written notice to the extent that such matters are not resolved or made the subject of litigation instituted prior to the expiration of three years after the Closing. Section 16. 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 17. Assigns. This Contract inures to the benefit of and is binding on the parties and their respective legal representatives, successors, and assigns. Neither party may assign its interest under this Contract without the prior written consent of the other party. Section 18. TakinE 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 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 19. Governing Law. This Contract shall be governed by and construed in accordance with the laws of the State of Texas. Section 20. 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. 2203 Western Ave Page 8 of 12 Section 21. Venue. Venue of any action brought under this Contract shall be in Tarrant County, Texas if venue is legally proper in that County. Section 22. 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 23. Business Days/Effective Date. If the Closing or the day for performance of any act required under this Contract falls on a Saturday, Sunday, or legal holiday, then the Closing or the day for such performance,as the case may be, shall be the next following regular business day. The date on which the Title Company receipts a copy of the Contract is the"Effective Date." Section 24. Counterparts. This Contract may be executed in multiple counterparts, each of which will be deemed an original,but which together will constitute one instrument. Section 25. Terminology. The captions beside the section numbers of this Contract are for reference only and do not modify or affect this Contract in any manner. Wherever required by the context,any gender includes any other gender,the singular includes the plural,and the plural includes the singular. Section 26. Construction. The parties acknowledge that each party and its counsel have reviewed and revised this Contract and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party is not to be employed in the interpretation of this Contract or any amendments or exhibits to it. Section 27. Attorney's Fees. If any action at law or in equity is necessary to enforce or interpret the terms of this Contract, the prevailing party or parties are entitled to reasonable attorneys' fees, costs and necessary disbursements in addition to any other relief to which such party or parties may be entitled. [SIGNATURES APPEAR ON THE FOLLOWING PAGE] 2203 Western Ave Page 9 of 12 -Am�' -•• This Contract is EXECUTED as of the Effective Date. SELLER: FRANK KENT CHURCHILL w B Kent Churchill,Individually PURCHASER: CITY OF FORT WORTH,TEXAS By: Jesus J. Chapa,Assistant C y Manager Attest: �QF•FORTS CAY Secret M&C: 2'7�— xAS Date: APP VED AS TO LEGALITY AND FORM eann Guzman Senior Assistant City Attorney-Section Chief OFFICIAL RECORD 2203 Western Ave CITY SECRETARY Page 10 of 12 FT. WORTH,TX By its execution below,Title Company agrees to perform its other duties pursuant to the provisions of this Contract. TITLE COMPANY: By: Name: Title: Date: 2203 Western Ave Page 11 of 12 .r. EXIIIBIT "A" See legal description and survey attachments"EXHIBIT A and EXHIBIT B". DELETION OF ARBITRATION PROVISION (Not applicable to the Texas Residential Owner's Policy) ARBITRATION is a common form of alternative dispute resolution. It can be a quicker and cheaper means to settle a dispute with your Title Insurance Company. However, if you agree to arbitrate, you give up your right to take the Title Insurance Company to court and your rights to discovery of evidence may be limited in the arbitration process. In addition, you cannot usually appeal an arbitrator's award. Your policy contains an arbitration provision (shown below). It allows you or the Company to require arbitration if the amount of insurance is $2,000,000 or less. If you want to retain your right to sue the Company in case of a dispute over a claim, you must request deletion of the arbitration provision before the policy is issued. You can do this by signing this form and returning it to the Company at or before the closing of your real estate transaction or by writing to the Company. The arbitration provision in the Policy is as follows: "Either the Company or the Insured may demand that the claim or controversy shall be submitted to arbitration pursuant to the Title Insurance Arbitration Rules of the American Land Title Association ("Rules"). Except as provided in the Rules, there shall be no joinder or consolidation with claims or controversies of other persons. Arbitrable matters may include, but are not limited to, any controversy or claim between the Company and the Insured arising out of or relating to this policy, any service in connection with its issuance or the breach of a policy provision, or to any other controversy or claim arising out of the transaction giving rise to this policy. All arbitrable matters when the Amount of Insurance is $2,000,000 or less shall be arbitrated at the option of either the Company or the Insured, unless the Insured is an individual person (as distinguished from an Entity). All arbitrable matters when the Amount of Insurance is in excess of$2,000,000 shall be arbitrated only when agreed to by both the Company and the Insured. Arbitration pursuant to this policy and under the Rules shall be binding upon the parties. Judgment upon the award rendered by the Arbitrator(s) may be entered in any court of competent jurisdiction." Signature Date FORM T-7:Commitment for Title Insurance (Deletion of Arbitration Provision)(01/03114) ,•whl .�. Alamo Title Company 5004 Thompson Terrace, Suite 107 Colleyville, TX 76034 AFFILIATED BUSINESS ARRANGEMENT DISCLOSURE STATEMENT (Exhibit D in 24 CFR §3500) Date: June 19, 2019 To: City of Fort Worth Property: CPN 100459- Parcel 1 ODE , 10 SE & 10 ROWE -8741 Harmon Road, Fort Worth, TX 00000 This is to give you notice that Alamo Title Company, a subsidiary of Fidelity National Financial, Inc. has a business relationship with the settlement service providers listed below to which you have been referred. Each of the companies listed below is One-Hundred Percent (100%) owned directly or indirectly by Fidelity National Financial, Inc. Because of this relationship, this referral may provide Alamo Title Company with a financial or other benefit. Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required to use the listed providers as a condition for the consummation of the transaction involving the above referenced property. Settlement Service Provider: Type of Settlement Range of Charges: Provided: National TaxNet Tax Information $22.50 to$80 including sales tax and $5 for each additional parcel over 3 parcels There are frequently other settlement service providers available who offer similar services. You are free to shop around to determine that you are receiving the best services and the best rate for these services. Acknowledgment I/We have read this disclosure form and understand that Alamo Title Company is referring me/us to purchase the above described settlement services and may receive a financial or other benefit as the result of this referral. IN WITNESS WHEREOF, the undersigned have executed this document on the date(s) set forth below. City of Fort Worth BY: Jesus J. Chapa Date Assistant City Manager Affiliated Business Arrangement Disclosure Statement(Escrow) SSTXD00218.doc CAH PROPERTY ACQUISITION& DRAINAGE IMPROVEMENTS PARCEL NO. 11 CITY PROJECT No. 101262 2203 WESTERN AVENUE LOT 32,BLOCK 5,HILL-CREST ADDITION EXHIBIT"A" Being all of Lot 32,Block 5 of Hill-Crest Addition, an addition to the City of Fort Worth,Tarrant County,Texas as recorded in Volume 388,Page 17 of the Plat Records of Tarrant County,Texas, said Lot 32 being deeded to Frank Kent Churchill as recorded in Instrument No. D213174242 of the Official Public Records of Tarrant County, Texas, said Lot 32 being more particularly described by metes and bounds as follows: BEGINNING at a 1/2 inch iron rod found for the southeast corner of said Lot 32, said 1/2 inch iron rod being the northeast comer of Lot 31 of said Block 5, said 1/2 inch iron rod also being in the west line of a 15.0' alley as shown on said plat of Hill-Crest Addition,from which a 1/2 inch iron rod found for the southeast comer of Lot 27 of said Block 5 bears South 00 degrees 02 minutes 17 seconds West,a distance of 250.00 feet,said 1/2 iron rod being the northeast corner of Lot 26 of said Block 5,said 1/2 inch iron rod also being in the west line of said 15.0' alley; THENCE North 89 degrees 57 minutes 43 seconds West, with the south line of said Lot 32 and with the north line of said Lot 31,a distance of 165.00 feet to a 5/8 inch iron rod with cap stamped"GORRONDONA&ASSOCIATES"set for the southwest corner of said Lot 32,said 5/8 inch iron rod with cap stamped"GORRONDONA&ASSOCIATES" being the northwest comer of said Lot 31, said 5/8 inch iron rod with cap stamped "GORRONDONA & ASSOCIATES" also being in the east right-of-way line of Western Avenue(a 60.0' right-of-way) as shown on said plat of Hill-Crest Addition; THENCE North 00 degrees 02 minutes 17 seconds East, with the west line of said Lot 32 and with the east right-of-way line of said Western Avenue, a distance of 50.00 feet to a 5/8 inch iron rod with cap stamped "GORRONDONA & ASSOCIATES" set for the northwest corner of said Lot 32, said 5/8 inch iron rod with cap stamped "GORRONDONA & ASSOCIATES" being the southwest corner of Lot 33 of said Block 5; THENCE South 89 degrees 57 minutes 43 seconds East, with the north line of said Lot 32 and with the south line of said Lot 33,a distance of 165.00 feet to a 5/8 inch iron rod with cap stamped"GORRONDONA&ASSOCIATES"set for the northeast corner of said Lot 32,said 5/8 inch iron rod with cap stamped"GORRONDONA&ASSOCIATES" being the southeast corner of said Lot 33, said 5/8 inch iron rod with cap stamped "GORRONDONA&ASSOCIATES"also being in the west line of said 15.0' alley; THENCE South 00 degrees 02 minutes 17 seconds West, with the east line of said Lot 32 and with the west line of said 15.0' alley, a distance of 50.00 feet to the POINT OF BEGINNING and containing 8,250 square feet or 0.189 acres of land,more or less. Exhibit A Page 1 of 2 i f Notes: (1) A plat of even survey date accompanies this legal description. (2) All bearings are referenced to the Texas Coordinate System, NAD-83 (2011), North Central Zone 4202.All distances and areas are surface. (3) This survey was performed without the benefit of a title report, there may be easements and/or covenants affecting this property not shown hereon. Date: January 10, 2018 Curtis Smith" rF Registered Professional Land Surveyor -'61 S tFo 9� No. 5494 Texas Firm No. 10106900 CURTIS SMITH 5494 Exhibit A Page 2 of 2 EXHIBIT "B " PARCEL NO. >> I 1 I LOT 4 I � I 1 I LOT 33 1 0 ( LOT 5 SET 5/8"IR W/CAP NA W y STAMPED BGORRONDONA STAMP D "O RRONDO 1 D 6' ASSOCIATES" S 8W57'43"E 165.00' I Z _,...R.,......,.R..,..,...ARw.,.,.,.,R...,.A..fl..,...............r. ...,,........,an— -- — W a I 3 I I n n tL 1 1 ............ 't;LOT 32 :;�:�: :�:� :�:�: :� •�:`� LOT e Qa o� I o N 0.189 ACRES N g •0 0 ''8 250':SO. :FT. OFt:`." o > FRANK KENT CHURCHILL Z c� '�9 0.189 ACRES ;::INSTRUMENT N0. D213174242� =�`��' O.P.R.T.C.T. =FND1/2 I Z N WO 0 CJ/�j W W W W'W-NUW.YVWWbYWYY•WW'LW,WY�W W,• �� — W N 8S'57'43V 165.00' I �SEr 5/8"IR W/CAP LOT 31 1 STAMPED "GORRONDONA a: ASSOCIATES" � % $LpCg�Di�j'jON LOT 7 T 11ILL,CRE 3889 PTG LOT 30 I V�LU�E R•T.C• -- -- �------ - P• LOT 29 1 I I l I LOT 9 Y7 I i I I LOT 27 I FN0 1 f nR —-- LOT 26 1 I LOT 10 NOTES. 1. A LEGAL DESCRIPTION OF EVEN DATE ACCOMPANIES THIS PLAT. 2. ALL NORTH CENTRAL ZON REFERENCED AALLTDIST•'ANC�COORDINATE SHOW EAR ACE�2011>. 40 20 0 40 3. THIS SURVEY WAS PERFORMED WITHOUT THE BENEFTT OF A TITLE REPORT, THERE MAY BE EASEMENTS MID/OR COVENANTS AFFECTING THIS PROPERTY NOT SHOWN HEREON. SCALE IN FEET Fbiff WoRTH City of Fort Worth 1000 THROCKMORTON STREET • FORT WORTH, TEXAS 76102 CAH PROPERTY ACQUISITION I&' h� of � DRAINA CE IMPROVEMENTS :�G�s rERFQ+v PARCEL NO. 11 TCITY PROJ. NO. 101262 FEE SIMPLE ACQUISITION --CU �IS SMITH OWNER: FRANK KENT CHURCHILL 5494 SURVEY: LOT 32, BLOCK 5, HILL-CREST ADDITION p LOCATION: CITY OF FORT WORTH, TARRANT COUNTY, TEXAS ACQUISITION AREA: 8,250 SQUARE FEET OR 0.189 ACRES s U WHOLE PROPERTY ACREAGE: 0.189 ACRES CALCULATED JOB NO. CFTW1701.00 DRAWN BY: JDR CAD FILE: PARCEL 11.DWG CURTIS SMITH REGISTERED PROFESSIONAL LAND SURVEYOR DATE: JANUARY 10, 2019 I EXHIBIT B PAGE 1 OF 1 SCALE: 1" - 40' NO. 5494 TEXAS FIRM No. 10106900 GORRONDONA do ASSOCIATES, INC. • 1701 NORTH MARKET STREET, SUITE 450. LB 5, DALLAS, TX. 75202 • 214-712-0600 FAX 214-712-0804 Contract Compliance 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. I Niels Brown Name of Employee Signature I 1 Land Agent Title I I I j ❑ This form is N/A as No City Funds are associated with this Contract Printed Name Signature I I i i C6TY SECRETARY FT. WORTH,TX M&C Review Page 1 of 2 Official site of the City of Fort Worth,Texas CITY COUNCIL AGENDA Fouror WoRni COUNCIL ACTION: Approved on 6/18/2019 DATE: 6/18/2019 REFERENCE NO.: L-16232 LOG NAME: 21PMD CAH 2201-2203 WESTERN AVE CODE: L TYPE: NOW PUBLIC NO CONSENT HEARING: SUBJECT: Authorize Voluntary Acquisition of 2201-2203 Western Avenue from Frank Kent Churchill in the Amount of$282,500.00 and Pay Estimated Closing Costs in the Amount of$5,000.00 for a Total Cost of$287,500.00 and Authorize Eligible Payments of Relocation Assistance Up to $31,000.00 Plus Eligible Moving Expenses Up to $10,000.00 for the Central Arlington Heights Drainage Improvement Project No. 101262 (COUNCIL DISTRICT 7) RECOMMENDATION: It is recommended that the City Council: 1. Authorize the voluntary acquisition of a fee simple interest in 0.1893 acres of land and improvements located at 2201-2203 Western Avenue, Fort Worth, Texas, from Frank Kent Churchill; 2. Authorize acceptance of the conveyance, the recording of the appropriate instrument and payment of estimated closing costs up to $5,000.00; 3. Authorize the payment of relocation assistance up to the amount of$31,000.00 plus eligible moving expenses up to $10,000.00; and 4. Authorize the City Manager or his designee to execute and record the appropriate conveyance documents. DISCUSSION: Central Arlington Heights Neighborhood is subject to severe localized flooding during rain events. Mitigating flood risk to the neighborhood through traditional drainage system improvements, such as increasing the capacity of the pipe system, is cost prohibitive. Voluntary property acquisition will relieve the residents in the most flood prone homes from ongoing exposure to flood damages. Therefore, non-reimbursable funding has been appropriated from the Stormwater Capital Projects Fund to pursue a strategy of voluntary property acquisitions to mitigate chronic flood risk. This duplex at 2201-2203 Western Avenue is one of the more flood-prone properties in the neighborhood, and as such, the property owner has agreed to participate in this voluntary acquisition program. An independent appraisal was obtained to establish the fair market value of the property. The owner has agreed to sell the property and signed the City's sale and purchase contract in the amount of $282,500.00. The real estate taxes will be pro-rated with the seller responsible for taxes due up to the closing date. The City will pay closing costs up to $5,000.00. On April 7, 2015, City Council Resolution No. 4430-04-2015 authorized the adoption of the City of Fort Worth Relocation Assistance Rules. The rules are to ensure the City provide relocation assistance and advisory services to qualifying persons, businesses, farming or ranching operations, or nonprofit organizations who are displaced in connection with the acquisition of real property for a public purpose and are compatible with the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 (URA), as amended. For this voluntary acquisition, the seller and seller's tenants are eligible to receive relocation assistance in the amount up to $31,000.00 plus eligible moving expenses up to an estimated amount of$10,000.00. http://apps.cfwnet.org/council_packet/mc_review.asp?ID=27048&councildate=6/18/2019 6/19/2019 M&C Review Page 2 of 2 Upon City Council approval, Staff will proceed with acquiring the fee simple interest in the property except for the mineral estate. The deed to the City will contain a surface waiver for the exploration of the mineral estate. Estimated Relocation Eligible Property Legal Property Acreage Purchase Closing Acquisition Assistance Moving Address Description Type Price Costs(Up Total Amount Expenses To) (Up To (Estimate) 2201- Hillcrest Addition-- es Fort Worth, Fee W 0.1893 $282,500.00 $5,000.00 $287,500.00 $31,000.00 $10,000.00 Western Block 5, Lot Simple Avenue 32 This property is located in COUNCIL DISTRICT 7. This M&C does not request approval of a contract with a business entity. FISCAL INFORMATION/CERTIFICATION: The Director of Finance certifies that upon approval of the above recommendation, funds are available in the current capital budget, as appropriated, of the Stormwater Capital Projects Fund. TO Fund Department Account Project Program Activity Budget Reference# Amount ID ID Year (Chartfield 2) FROM Fund Department Account Project Program Activity Budget Reference# Amount ID ID Year Chartfield 2) Submitted for City Manager's Office by: Jay Chapa (5804) Originating Department Head: Roger Venables (6334) Additional Information Contact: Niels Brown (5166) ATTACHMENTS 21 PMDCAH2201-2203WESTERNAVE MC MAP.pdf http://apps.cfwnet.org/council_packet/mc_review.asp?ID=27048&councildate=6/18/2019 6/19/2019