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Res 2018-152/approving a contract with the Texas Realty Retail Partners, Inc. for the City to purchase approximately 27.094 acres of land located on the South Side of Farris Street near its intersection with Wilson Street for a price of $475,000.00 for s
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Res 2018-152/approving a contract with the Texas Realty Retail Partners, Inc. for the City to purchase approximately 27.094 acres of land located on the South Side of Farris Street near its intersection with Wilson Street for a price of $475,000.00 for s
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9/25/2018 10:24:26 AM
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9/4/2018 11:32:48 AM
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Resolutions
City Clerk - Type
Contract
Number
2018-152
Date
8/21/2018
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Real Estate Sales Contract <br /> This contract to buy and sell real property is between Seller and Buyer as identified below <br /> and is effective on the date ("Effective Date") of the last of the signatures by Seller and Buyer as <br /> parties to this contract and by Title Company to acknowledge receipt of the Earnest Money. Buyer <br /> must deliver the Earnest Money to Title Company and obtain Title Company's signature before <br /> the Earnest Money Deadline provided in section A.1. for this contract to be effective. <br /> Seller: Texas Realty Retail Partners, Inc. <br /> Address: 981 South I-H 35, Bldg 3, Suite 100, Austin, Texas 78744 <br /> Phone: 512.280.5353 <br /> E-mail: rwmc3@swbell.net <br /> Buyer: City of San Marcos <br /> Address: 630 E. Hopkins St. San Marcos, TX 78666 <br /> Phone: 512.393.8130 <br /> E-mail: psteed@sanmarcostx.gov <br /> Property: 27.094 acres, more or less, of land as described in Exhibit A, attached hereto and <br /> made a part hereof for all purposes. <br /> Title Company: San Marcos Title Company <br /> Address: 100 East San Antonio Street, Suite 100, San Marcos, Texas 78666 <br /> Phone: 512.353.1782 <br /> Purchase Price: $475,000.00 <br /> Earnest Money: $5,000.00 <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 />
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