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Res 2017-153/approving a real estate contract to purchase 20.61 acres of land at 2240 Clovis Barker at a purchase price of $2.75 per square foot totaling $2,468,872 plus closing costs and rollback taxes totaling approximately an additional $132,000 for th
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Res 2017-153/approving a real estate contract to purchase 20.61 acres of land at 2240 Clovis Barker at a purchase price of $2.75 per square foot totaling $2,468,872 plus closing costs and rollback taxes totaling approximately an additional $132,000 for th
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3/30/2018 11:06:26 AM
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10/5/2017 9:36:26 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2017-153
Date
10/2/2017
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Surveyor: Byrn and Associates <br />Survey Category: IA <br />Buyer's Liquidated Damages: $1;000-00 <br />Seller's Additional Liquidated Damages: $1,000.00 <br />County for Performance: Hays County, Texas <br />A. Deadlines and Other Dates <br />All deadlines in this contract expire at 5:00 P.M. local time where the Property is located. <br />If a deadline falls on a Saturday, Sunday, or national holiday, the deadline will be extended to the <br />next day that is not a Saturday, Sunday, or national holiday, A national holiday is -a holiday <br />designated by the federal govermnent. Time is of the essence. <br />I.' Earnest Money Deadline: Seven days after execution of this contract by both <br />parties. <br />2. Delivery of Title Commitment: 21 days after the Effective Date <br />3. Delivery of Survey: 30 days after the Effective Date <br />4. Delivery of UCC Search: N/A <br />5. Delivery of legible copies of instruments referenced in the Title Commitment: <br />21 days after the Effective Date <br />6. Delivery of Title Objections: 30 days after delivery of the Title Commitment <br />and Survey and legible copies of the instruments referenced in thein- <br />7. <br />hem <br />7. Delivery of Seller's Records as specified in Exhibit C: 15 days after the <br />Effective Date, <br />8. End of Inspection Period: 90 days after the Effective Date or such earlier date <br />elected by. Buyer by written notice to Seller <br />9. Closing Date: Within 30 days after the end of the Inspection Period. <br />B. Closing Documents <br />1. At closing, Seller will deliver the following items. <br />
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