HomeMy WebLinkAboutOrdinance No. 157 AN ORDINANCE OF THE CITY OF THE COLONY, TEXAS, AUTHORIZING THE
CITY MANAGER TO ENTER INTO A SALES CONTRACT FOR TWO TRACTS OF LAND
CONTAINING 2.2262 ACRES OF LAND AND 12.5 ACRES OF LAND WITH THE FIRM
OF FOX & JACOBS, INC.; ATTACHING THE APPROVED FORM OF THE CONTRACT AS
EXHIBIT "B" AND PROVIDING AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF THE COLONY,
TEXAS:
SECTION 1. That the City Manager of the City of The Colony,
Texas, is hereby authorized to execute on behalf of the City a sales
contract for two tracts of land, legal descriptions of which are attached
hereto as Exhibit "A", with the firm of Fox & Jacobs, Inc., in the amount
of~/O~'~. ~-~. The approved form of such contract
is
attached
hereto
as Exhibit "B" and made a part of this Ordinance for such purposes.
SECTION 2. This Ordinance shall take effect immediately from
and after its passage and publication of caption in the official
newspaper of the City.
READ AND PASSED ON THE /~ DAY OF ~'/~ , 1981.
APPROVED:
DULY RECORDED:
RETARY ~
APPROVED AS TO LEGALITY OF THE FORM:
CITY ATTORNEY
tate o{ exn¢, ( Oece recent¢:
That FOX & JACOBS, INC., a Nevada Corporation, acting herein by and through its
duly authorized officer,
hereinafter called Grantor, of the County of Dallas , State of Texas ,
for and in consideration of the sum of Ten Dollars ($10.00) and other good and valuable consideration
to Grantor in hand paid by CITY OF TBE COLONY, a Municipal Corporation,
hereinafter called Grantee, the receipt of which is hereby acknowledged,
have Granted, Sold and Conveyed, and by these presents do Grant, Sell and Convey unto the said
, State of Texas '
Grantee of the County of Denton
all that certain lot, tract or parcel of land, lying and being situated in the County of Denton
State of Texas, being described as follows:
Being Twelve (12) tracts of land situated in Denton County, Texas, and being
more particularly described by metes and bounds in EXHIBIT "A" attached hereto
and made a part hereof for all purposes and intentS.
This Deed is executed and delivered subject to easements, reservations, conditions, covenants and
restrictive covenants affecting the property conveyed hereby as the same appear of record in the Office
County, Texas.
of the County Clerk of Denton
To have and to hold the above described premises, together with all and singular the rights and appur-
tenances thereto in any wise belonging unto the said Grantee, Grantee's successors
and assigns forever; and Grantor does hereby bind Grantor, Grantor's successors and assigns
to warrant and forever defend, all and singular the
and assigns,
said premises unto the said Grantee, Grantee's successors
against every person whomsoever lawfully claiming, or to claim the same or any part thereof, by,
through or under it only and not otherwise-
Grantee herein assumes the payment of all taxes for the year 1981 and subsequent years.
January
EXECUTED this 16th day of
Ak HCAN ~ITLF COMPANY OF DALLA 143350
DATE: ~lay 20, 1981 G.F. NO.:
PURCHASER'S STATEMENT
,~:ALE FROM; ~{eD-ry H. Dickereon, Jr. TO:. The City of The colony
PROPERTY TWO ~racts in Denton County, Tat:at; (]2,5000 acres and 2.2262 acres)
mJF~CHASE PRICE 12.5000 acres { $8,452/acre $ 105,650.00
PLUS: CHARGES
Filing fees to County Clerk: Warranty Deed (2)
$ 12.00
$
$
$
Loan transfer fee or assumption fee $ '
FEES TO AMERICAN TITLE COMPANY OF DALLAS,
Title Policy: Owner Mortgagee Binder
Escrow 20.00 Restrictions $ 20.00
$
Tax Certificates: State and County
City and School
Other $
Sur~ey fee to $
Attorney's fees for preparation of psPers to $
$
Flood insurance premium to $
Hazard in~Jrence premium to $
__ mos. flood insurance ~ per mo.
$
$
$
$
$
TOTAL CHARGES
GROSS AMOUNT DUE BY PURCHASER $ 10~,682.00
LESS: CREDITS
Loan from $
Note assumed $
$
Other Credit
$
$
TOTAL CREDITS $
105,682.00
Seller direct.
AMERIC~;;~3TIT~E ~COMPANY Q~F D .A~LLAS '~: C~, OF THE~ OO~ONY7