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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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Contract
Number
2018-201
Date
10/16/2018
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Survey Category: I A <br />Buyer's Liquidated Damages: $1,000.()0 <br />Seller's A(iclitioiialLiqui(l,,ited Damages: 51,000.00 <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 govemment. Tinnc is of the essence. <br />parties <br />1. Earnest Money Deadline: Seven days after execution of this contract by both <br />2. Delivery of Title Commitment: 30 days after the Effective Date <br />3. Delivery of Survey: 30 days after the Effective Date <br />4. Delivery of UCC Search: 30 days after the Effective Date <br />5. Delivery of legible copies of instruments referenced in the Title Conul-liti-nent, <br />Survey, and UCC Search: Five days after Delivery of Title Commitment <br />6. Delivery of Title Objections-, 1.5 days after delivery of the Title Commitment, <br />Survey, and UCC Search and legible copies of the instruments referenced in them <br />Date <br />7. Delivery or Seller's records as specified in Exhibit C: 15 days after the Effective <br />S. End of Inspection Period.: September 16, 2016 <br />9. Closing Date: <br />Tract 1: Within 21 days after issuance of a Site Preparation Permit for Tract I by <br />the City of San Marcos, but no later than March 21, 201 S. <br />Tract 2: Within 21 days after FEMA's issuance of a Conditional Letter of Mal) <br />Revision (CLOMR) for Tract 1, but no later than June 1, 2018, subject to timely <br />closing on Tract 1. <br />13. Closing Documents <br />At closing, Seller will deliver the following items: <br />
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