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Res 2022-202R Approving a contract with 111 MLK Developement , LLC for the approximately 1.03 acres of Land at 111 East Martin Luther King Drive and its intersection with LBJ
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Res 2022-202R Approving a contract with 111 MLK Developement , LLC for the approximately 1.03 acres of Land at 111 East Martin Luther King Drive and its intersection with LBJ
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10/12/2022 10:28:59 AM
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DocuSign Envelope ID:368C7765-B48E-48A2-ABF6-2F3D8743222B <br /> i <br /> z <br /> , <br /> r <br /> the Earnest Money that has not become non-refundable per the preceding sentence. if Seller closes <br /> under the terms of this Real Estate Sales Contract,then the Earnest Money will be credited against <br /> the purchase price, including said$25,000.00. <br /> i <br /> Buyer's Liquidated Damages: $5,000.00 j <br /> I <br /> i <br /> Seller's Additional Liquidated Damages: $5,000.00 <br /> County for Performance: Hays County,Texas <br /> 1 <br /> A. Deadlines and Other Dates j <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 government. Time is of the essence. <br /> 1. Earnest Money Deadline: 15 days after execution of this contract by both s <br /> parties. <br /> 2. Delivery of Title Commitment: 20 days after the Effective Date <br /> 1 <br /> 3. Delivery of legible copies of instruments referenced in the Title Commitment: <br /> 20 days after the Effective Date <br /> I <br /> 4. Delivery of any Survey updates, if applicable: 5 days after Buyer's receipt of <br /> Survey, but no later than August 2, 2022 <br /> 5. Delivery of Title Objections: 20 days after delivery of the Title Commitment <br /> and legible copies of the instruments referenced in them j <br /> 6. Delivery of Seller's Records as specified in Exhibit C: 15 days after the <br /> Effective Date <br /> I <br /> 7. End of Inspection Period: August 2,2022 <br /> 8. Closing Date:August 16,2022 <br /> B. Closing Documents <br /> 1. At closing, Seller will deliver the following items: <br /> Special Warranty Deed <br /> One or more assignments of all of Seller's rights and interests in and to any <br /> leases, contracts, licenses and permits, including permits related to the <br /> withdrawal of water in connection with water rights conveyed at closing <br />
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