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Res 2018-201/approving a Real Estate sales contract with Life Style Development, L.L.C. for the sale of approximately 29 acres of city land commonly known as the “Leah” Tract near IH-35 and Cottonwood Parkway for a price of $3,114,317.15
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Res 2018-201/approving a Real Estate sales contract with Life Style Development, L.L.C. for the sale of approximately 29 acres of city land commonly known as the “Leah” Tract near IH-35 and Cottonwood Parkway for a price of $3,114,317.15
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11/15/2018 3:25:51 PM
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10/23/2018 3:20:58 PM
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City Clerk - Document
Resolutions
City Clerk - Type
Contract
Number
2018-201
Date
10/16/2018
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Fax: 972.733,1864 <br />E-mail: richard@,)tmaorganics. com <br />EIntity Type: Texas limited liability company <br />Buyer's Broker: Mike Dallas <br />Address: 900 Congress Avenue, Suite I.,-1.22, Austin, Texas 78701 <br />Phone: 512.708. 1800 <br />Cell: 512.626,7878 <br />E-mail: nfike@,ndkedallas, coin <br />Property: <br />Tract 1: 3.66 acres, more or less, in the J.M. Veraniendi Survey, together with that <br />certain adjacent 0.70 acre, 52 foot wide right-of-way, as shown in Exhibit A, <br />together with any improvcrnents ("Improvements"). <br />Tract 2: Lot 1-A and Lot 2, Cottonwood Parkway Addition Amended, being a <br />replat of Lot I., Cottonwood Parkway, as shown in Exhibit A, together with any <br />improvements ("Improveriients"), <br />Tracts I and 2 are, collectively, the "Property" or the "Land." <br />Title Company: Chicago Title-Attn- Leslie Wlieeler <br />Address: 14160 N. Dallas Parkway, Suite 510 <br />Phone: 214.389.2401 <br />Fax: 214,361 A169 <br />E-mail: I wheel er@ ctt-tx. corn <br />Purchase Price: Lot I -A and 52 -foot wide road reserve -$2.79 per square foot <br />3.66 -acre ti -act -$2.25 per square foot <br />Lot 2-51 00,000 <br />Earnest INIoncy: 560,000.00 (520,000 undcr Original Contract, plus $40,000 deposited <br />pursuant to an-tendments to Original Contract) <br />Surveyor: Byrn & Associates, Inc. <br />
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