HomeMy WebLinkAbout0140_133OPTION CONTRACT
133
Project No. TEX 11-102
Parcel No. OL6-1
For the consideration of $1,350.00 the undersigned (hereinafter called
the "Seller") being the owner thereof, hereby offers and agrees to sell and
convey to the Urban Renewal Agency of the City of Georgetown, Texas (herein-
after called the "Local Public Agency") or its assignee the following describ-
ed property, located in the City of. Georgetown, County of Williamson, State
of Texas, to wit:
6 ac.- O.L. 6, Div. D.; City of Georgetown
Vol. 126, Pg. 485, dated 6/16/08.
upon the following terms and conditions:
Upon closing, the Seller shall convey to the Local Public Agency or its
assignee by general warranty deed a good and marketable fee simple title
thereto, together with all improvements, hereditaments and appurtenances
thereunto belonging, free and clear of all liens and encumbrances of any kind
except existing easements and/or restrictions, if any, together with all his
right, title and interest in and to any street or alleys adjoining or abut-
ting thereof. Taxes and assessments shall be prorated as of the date of closing.
Payment of the total purchase price as shown above shall be as follows:
$1.00 receipt of which is hereby acknowledged and the further payment of
ORM4 $1.349.00 upon transfer of title, by general warranty deed, to the said Local
Public Agency. All expenses of examinations of title and of preparation and
recording of deed shall be paid by the Local Public Agency. Payment of the
purchase price shall be made upon transfer of title to the Local Public Agency.
This offer shall be irrevocable until Nov. 4, 1968 and shall remain in
force thereafter until 30 days after written notice by the Seller of its termi-
nation. If this offer is accepted, the Local Public Agency shall endorse its
acceptance hereon and mail notice thereof to the Seller at the address specified
below. This agreement shall be binding upon the Seller andhis heirs, executors,
administrators and assigns.
Notwithstanding the prior acceptance of this offer, the Local Public Agency
in lieu of completing the purchase of said premises may at any time prior to
closing, proceed to acquire the same by condemnation. The Seller agrees, as an
Independent stipulation, which shall survive the expiration or termination of
this offer, to such condemnation upon payment of just compensation, which shall
be the purchase price above stated, which price the Seller hereby declares to
be fair market value of said premises, inclusive of every interest therein.
Loss or damage to the property from any cause shall be at the risk of the
Seller until title has been conveyed to the Local Public Agency.
Seller shall pay for all required Federal Revenue Tax Stamps to be attached
to the deed of conveyance to the Local Public Agency.
This 9th day of September, A.D., 1968.
City of Georgetown
(Signed: Jay C. Sloan Mayor)
hgaisad Seller
Witnesses:
(Signed: Charles D. Eyeington)
_(Signed: Clarise Gregg)
Accepted this gth day of September, A.D., 1968.
xifs Seller
Address of Seller
URBAN RI-INEtVAL AGENCY OF THE
CITY OF GEORGETOWN, TEXAS
BY (Signed: Jim 0. hector)