RE 2003-06-10.2 A RESOLUTION OF THE CITY OF COPPELL, TEXAS
RESOLUTION NO. 2003-0610.2
A RESOLUTION OF THE CITY OF COPPELL, TEXAS,
ACCEPTING THE BID OF THBGP, INC. FOR THE PURCHASE OF 10+
ACRES OF PROPERTY FROM THE CITY OF COPPELL AS DEPICTED
ON EXHIBIT "A," WHICH IS ATTACHED HERETO AND
INCORPORATED HEREIN BY REFERENCE; AUTHORIZING THE CITY
MANAGER AND MAYOR TO EXECUTE THE NECESSARY
DOCUMENTS TO CONSUMMATE THE SALE; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the City desires to sell certain property as described by legal description in
Exhibit "A," which is attached hereto and incorporated herein by reference as if set forth in full; and
WHEREAS, the City is no longer in need of retaining such property for municipal
purposes; and
WHEREAS, bids were received by the City and opened on April 14, 2003; and
WHEREAS, THBGP made the highest offer in the amount of One Million, Three Hundred
fifty-two thousand Dollars and no cents ($1,352,000.00); and
WHEREAS, the City has determined that such value is fair market value in compliance
with State law;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF COPPELL, TEXAS:
SECTION 1. That the bid of THBGP, Inc., in the amount of One Million, Three Hundred
fifty-two thousand Dollars and no cents ($1,352,000.00), is hereby accepted for the sell of the
property described in Exhibit "A", which is attached and incorporated herein by reference.
SECTION 2. That the Mayor and City Manager are hereby authorized to execute the
necessary documents to consummate such sale.
SECTION 3. That this Resolution shall take effect immediately from and after its passage
as the law and charter in such cases provide.
1 56378
DULY PASSED by the City Council of the City of Coppell, Texas, this the ~ day of
,2003.
Y R
ROBERT E. H~G'E~ ATTORNEY
(REHd~/22/03) (563'78)
ATTEST:
LIBBY BAL~ SECRETARY
2 56378
9?2 304 0200
06/19/2003 12:33 FAX 972 304 0200 ALLEGIANCE ~002
GF# 1050831 -TC0
Being a tract of land located within the william A. Trimble Survey, Abstrac~ 1268,
Denton County, T~xas, now being A bsEract 1791, Dallas County, Texas, and beim~ more
Darticularly described ss follows:
Commencing at a fou_~d 3/4 inch iron rod at the intersection of the center line of
MacArthur Boulevard (500 foot right-of-way) and the South su~-vey line of ~he William
A. Tri~!e Su~ey;
THENC~ EaSt a%on~ the South su~ey line of said William A. Tri~le Su~ey, a distance
of 55~.68 feet ~o the ~oint of
THENCE North a distance of ~019.68 ~eet to a point in ~he censer line of Denson Creek
for a co,er;
THENCE alon~ said Denton Creek center line meanders the followin9 courses
disEances;
NorZh 34 de~ees 00 minu~es 00 seconds Eas~, 67.59 feet;
North 15 ~egrees 00 minutes 00 seconds East, 70.00 feet;
North 06 de~rees 05 ~inuses ~0 seconds Eas~, 60.00 feet:
North 09 degrees 00 minutes 00 seconds ~a~t, 70.00 feet;
NOrth 01 de~ree 30 minuses ~0 seconds East, 30.00 fee~
North 09 de~rees 15 minu~es 00 seconds west, ~7.07 fee~ ~o a poin5 for a corner;
THENCE ~ast a distance of of 270~61 fee~ t~ a Do~n~ for a co,er;
T~ENCE Sou~h a distanc~ of 132~.84 feet 5o a p~int in ~h~ said South su~ey line of
the said William A. Tri~le Su~ey, for a corner;
T~ENCE Wes~ alon~ sai~ South su~ey line, a ~istance o~ 340.27 feet to the Point of
Be~innin~ and containing 435,600 s~are feet or 10.000 acres of land, more or less.
NOTE: COMP~Y DOES NOT REPRESENT T~T TME ~OVE ACR~E ~D/OR SQU~E F00TA~E
~LCU~TIONS ARE CORRECT.
D,,e so I ,,&'o
3 -0(,,
Corporate/Commercial
2100 McKirmey Avenue
Suite 1200
Dallas, Texas 75201
214.954.5400
214.954,5500 FAX
Coppell
230 N. Denton Tap Road
Suite 112
Coppel], Texas 75019
972.304.8000
972.3040200 FAX
Flower Mound
3200 Long Prairie Road
Suite A
Flower Mound~ Texas 75022
972.355.5525
972355.4459 FAX
Higblund Village
1992 FM 407
Suite 100
Lewisvillc, Texas 75077
972.317.7800
972.317.7170 FAX
McKin~ey
3301 Eldorado Parkway
Suite 100
McKinney, Texas 75070
972.562.9559
972.562.0161 FAX
7517 Campbell Road
Suite 404
Dallas, Texas 75248
972.735.8700
972.735.8759 FAX
Pluno
3516 Preston Road
Suite 100
Plano, Texas 75093
972758.9200
972.758.9222 FAX
Preston Center
8115 Preston Road
Suite 100
Dallas, Texas 75225
214.373.3500
214.368.7520 FAX
SoutMake
1~o w. Southlake Bird
Suite 410
Southlake, Texas 76092
817.424.5333
817.424.5388 FAX
ww~allegiancetitle, corn
DELIVERED BY HAND
Vlr. Clay Phillips
Deputy City Manager
2ity of Coppell
~e: Our GF#1050831
Sale of 732 Deforest Road, Coppell
Dear Clay:
Pursuant to instructions from Bob Hager, please find enclosed herewith the
?ollowing documents:
1. Original Special Warranty Deed requiring the signature of Mayor Stover;
2. Seller's Statement requiring the signature of Jim Witt; and
3. Preliminary Purchaser's Statement for informational purposes only.
Please call me when the enclosed documents have been executed and I will send a
:ourier to pick them up.
Please call if your have any questions.
Sincerely yours,
V~i~~~g~s c;Tw Officer
Copp et~"Br'aneh.
2GVIF/me
Enclosure
SPECIAL WARRANTY DEED
With Vendor's Lien
Date: July _,_~__, 2003
Grantor: CITY OF COPPELL
Grantor's Mailing Address: 255 Parkway Blvd., Coppell, TX, 75019
Grantee: ST. ANDREWS LAND CO., LTD
Grantee's Mailing Address: 1406 Halsey Way #100, Carrollton,TX, 75007
Consideration:
ResolutionNo. 2003-0610.2 of the City of Coppell, Texas, accepting Bid No.
Q-0303-04 of TItBGP, Inc. duly passed by the City Council of the City of
Coppell the l0th day of June, 2003. Said bid having been assigned to St.
Andrews Land Co., LTD by THBGP, Inc.
Ten andNo/100 Dollars ($10.00) and other good and valuable consideration,
in hand paid by Grantee to Grantor, the receipt and sufficiency of which is
hereby acknowledged, and a note of even date executed by Grantee and
payable to the order of Grand Bank in the principal amount of NINE
HUNDRED TEN THOUSAND AND N0/100 DOLLARS ($910,000.00).
The note is secured by a first and superior vendor's lien and superior title
retained in this deed in favor of GRAND BANK and by a first-lien deed of
trust of even date from Grantee to Lee M. Dinkel, Trustee.
Property (including any improvements): 732 Deforest Rd.,Coppell, TX 75019, more particularly
described in Exhibit "A" attached hereto and made a part hereof for all
purposes.
Reservations from Conveyance: None
Exceptions to Conveyance and Warranty:
Liens described as part of the Consideration and any other liens described in
this deed as being either assumed by C/rantee or subject to which title is taken
by Grantee; validly existing restrictive covenants common to the platted
subdivision inwhich the Property is located; restrictive covenants as set out
in Exliibit "B" attached hereto and made a part hereof for all purposes;
standby fees, taxes and assessments by any taxing authority for the year 2003
and subsequent years, and subsequent taxes and assessments by any taxing
authority for prior years due to change in land usage or ownership; validly
existing utility easements created by the dedication deed or plat of the
subdivisionto which the Property is located; validly existing reservations or
exceptions approved in writing by Grantee and described in Schedule B of the
Owner Policy for Title Insurance issued to Grantee as part ofthi~ transaction;
any discrepancies, conflicts, or shortages in area or boundary lines, or any
encroachments or protrusions, or any overlapping of improvements;
homestead of community property or survivorship rights, if any, of any spouse
of Grantee; and any validly existing titles or rights asserted by anyone,
includingbut not limited to persons, the public, corporations, governments,
or other entities, to (a) tidelands or lands comprising the shores or beds of
navigable or perennial rivers and stream.q, lakes, bays, g~flf~, or ocean.% (b)
lands beyond the line of the harbor or bulkhead lines as established or changed
by any government, (c) filled-in lands or artificial islands, (d) statutory water
rights, including riparian rights, or (e) the area extending from the line of
mean low tide to the line of vegetation or the right of access to that area or
easement along an across that area.
Grantor, for the Consideration and subject to the Reservations from Conveyance and the
Exceptions to Conveyance and Warranty, grants, sells, and conveys to Grantee the Property, together
with all and singular the rights and appurtenances thereto in any way belonging, to have and to hold
itto Grantee, Grantee's heirs, successors, and assigns forever. Grantor binds Grantor and Grantor's
heirs and successors to warrant and forever defend all and sing~flar the Property to Grantee and
Grantee-'s heirs, successors, and assigns against every person whomsoever lawfully claiming or to
claimthe same or any part thereof when the claim is by, through, or under Grantor, but not otherwise,
except as to the Reservations from Conveyance and the Exceptions to. Conveyance and Warranty.
The vendor's lien against and superior tkle to the Property are retained until each note
described is fully paid according to its terms, at which time this deed will become absolute.
GRAND BANK, at Grantee's request, has paid in cash to Grantor that portion of the
purchase price of the Property that is evidenced by the note. The first and superior vendor's lien
against and superior title to the Property are retained for the benefit of GRAND BANK and are
transferred to GRAND BANK, withom recourse against Grantor.
When the context requires, singular nouns and pronouns include the plural.
BY:
iF COPPELL
~/~jx~.~STOS~ER, MAYOR
STATE OF TEXAS
COUNTY OF DALLAS
This instrument was acknowledged before me the ..~.h_,d.. day of July, 2003 by Douglas N.
Stover as Mayor of the City of Coppell, a municipal corporation, in the pefforman, ce of the functions
of his office.
~ ~ ~vr'~ ~
'~ '-..~?~..' .."
',,,,~- ~. 2~,~,,,~
~lllllllllttl~
After recording return to:
~~-L~ Z/~a ./2' _
NOtARY~rBI~I~, STATE-OF TEXAS
St. Andrews Land Co., Ltd
1406 Halsey Way, #100
Carrollton, TX 75007
Prepared by:
Seal, Moore & Associates LLC
2100 McKinney Avenue,
Suite 1200
Dallas, TX 75201
E X H I B I T "A"
LEGAL DESCRIPTION
ALL THAT CERTAIN REAL PROPERTY SITUATED IN THE COUNTY OF DALLAS
STATE OF TEXAS * * * * * * * *, DESCRIBED AS FOLLOWS:
BEING a tract of land located within the William A. Trimble Survey, Abstract 1268,
Map Records, Denton County, Texas, now being Abstract 1791, Dallas County, Texas,
and being more particularly described as follows:
COMMENCING at a found 3/4 inch iron rod, at the intersection of the center line of
MacArthur Boulevard (100 foot R.O.W.) and the South survey line of the William A.
Trimble Survey;
THENCE, East, along the South survey line of said William A. Trimble Survey, a
distance of 557.68 feet to the POINT OF BEGINNING;
THENCE, North, at 30.0 feet passing a 1/2 inch found iron rod, at 940.0 feet passing
a 1/2 inch set iron rod, in all a distance of 1019.68 feet to a point in the center
line of Denton Creek for a corner;
THENCE, along said Denton Creek center line, meanders the following courses and
distance: -
North 34 degrees 00 minutes 00 seconds East, 67.59 feet;
North 15 degrees 00 minutes 00 seconds East, 70.00 feet;
North 06 degrees 05 minutes 00 seconds East, 60.00 feet;
North 09 degrees 00 minutes 00 seconds East, 70.00 feet; "~
North 01 degree 30 minutes 00 seconds East, 30.00 feet;
North 09 degrees 15 minutes 00 seconds West, 27.07 feet to a point for corner;
THENCE, East, at 46.83 feet passing a 1/2 inch set iron rod, in all a distance of
270.61 feet to a 1/2 inch set iron rod for a corner;
THENCE, South, at 1298.84. feet passing a 1/2 inch found iron rod, in all a distance
of 1328.84 feet to a point in the said South survey line of the said William A.
Trimble Survey, for a corner;
THENCE, West, along said South survey line, a distance of 340.27 feet to the POINT
BEGINNING and containing 435,600 square feet or 10.000 acres of land.
EXHIBIT "B"
RESTRICTIVE COVENANTS
1. A building or premise shall be used only for the following purposes:
a)
b)
c)
Home occupants
Single family residence
Such uses as may be permitted in special use permits, section 12-
30-6 of the Ordinances of the City of Coppell 91500-A- 129,
Section 12-30-6, as amended.
The maximUm height regulations will be 35 feet nor more than two and one-
half stories high,
3. MinimUm size of yards:
a)
b)
c)
Front yard: 30 feet.
Side yard: 10 feet. A side yard adjacent to a side street 15 feet.
Allowable non-residential uses 25 feet.
Rear yard: 20 feet.
4. MinimUm.size of lot:
a)
b)
c)
Lot area: 9,000 square feet or 4,500 per unit.
Lot width: 80 feet.
Lot depth: 100 feet.
MinimUm dwelling size: 1,200 square feet exclusive of garages, breezeways
and porches.
Lot coverage: 40 percent of the total lot area may be covered by the
combined area of the main buildings and accessory buildings.
Parking regulations. Two enclosed off-street spaces per unit behind the front
yard line. Off-street parking spaces shall be provided in accordance with the
requirements for special uses set forth in article 31. Where lots are adjacent to
an alley, the enclosed parking area (garage) must be accessed offofthe alley
only. No parking shall be allowed within the fi'ont yard.
o
Type of eXterior construction. At least 80 percent of the exterior walls of the
first floor of all structures shall be of masonry construction exclusive of doors,
windows, and the area above the top plate line. Each story above the first
flood or a straight wall structure shall be at least 80 percent masonry exclusive
of doors, windows and the area above the top plate line.
Date: July 2, 2003
PRELIMINARY
PURCHASER'S STATEMENT
Sale From:
CITY OF COPPELL
255 Parkway Blvd.
Coppell, TX 75019
To: ST. ANDREWS LAND CO., LTD
1406 Halsey Way #100
Carrollton, TX 75007
Property: 732 Deforest Rd.,Coppell, TX 75019
GF No.: 1050831
Purchase Price ................................................................ $1,352,000.00
Plus: Charges
Origination Fee to Grand Bank .................................................... $9,100.00
Appraisal Fee to Jackson Clayborn, Inc ............................................... $4,000.00
Fees to Allegaince Title Company .................................................. $6,321.55
Mortgagee Policy ............................................. $5,711.00
Escrow ...................................................... $300.00
Endorsements .................................................. $310.55
Attorney's Fees for Preparation of Papers to Seal, Moore & Associates ............................ $200.00
Tax Certificate to Allegaince Title Company ............................................. $38.50
Survey Fees to Hennessey Engineering, Ine ............................................ $3,818.75
Attorney's Fees to Liechty & McGinni.~ .............................................. $4,000.00
Total Charges ................................................... $27,478.80
Gross Amount Due By Purchaser ............................. $1,379,478.80
Less: Credits
Earnest Money ............................................................. $140,000.00
Loan Amount from Grand Bank .................................................. $910,000.00
Total Credits ................................................. $1,050,000.00
Balance Due By Purchaser .................................... $329,478.80
Purchaser Understands the Closing or Escrow Agent has assembled this information representing the transaction from the best information available from other
sources and cannot guarantee the accuracy thereof. Any real estate agent or lender involved may be furaished a copy of this statement.
Purchaser understands that tax and insurance prorations and reserves were based on figures for thc preceding year or supplied by others or estimates for current
year, and in the event of any change for current year, all necessary adjustments must be made between Purchaser and Seller di~ct.
The undersigned hereby authorizes Allegiance Title Company - CP to make expenditure and disbursements as shown above and approves same for payment. The
undersigned also acknowledges receipt of Loan Funds, if applicable, in the amount shown above and a receipt of a copy of this Statement.
Allegiance Title Company - CP
ST. ANDREWS LAND CO., LTD
BY: DOLCE INVESTMENTS, LLC, ITS GEN. PTNR.
By. By
Kristine M. Fichtner
TOM HOBDEN, MANAGER
07/01/3 (4:10 PM) Compliments of Allegiance Title Company - CP
SELLER'S STATEMENT
Date: July 2, 2003
GFNo: 1050831
Sale From:
CITY OF COPPELL
255 Parkway Blvd.
Coppell, TX 75019
To: ST. ANDREWS LAND CO., LTD
1406 Halsey Way #I00
Carrollton, TX 75007
Property: 732 Deforest RcL,Coppell, TX 75019
Sales Price ........................................................................................................................................................................... $1,352,000.00
Reimbursements/Credits
Total Reimbursements/Credits ................................................................................ $0.00
Gross Amount Due to Seller ......................................................... $1,352,000.00
Less: Charges and Deductions
WAIVED BY ALLEGIANCE TITLE COMPANY
Total Charges and Deductions ................................................................................ $0.00
Net Amount Due To Seller ........... ; ................................................ $1,352~000.00
Seller Understands the Closing or Escrow Agent has assembled this information representing the Iransaction fi'om the best information available from other sources and
cannot guarantee the accuracy thereof. Any real estate agent or lender involved may be furnished a copy of this statement.
Seller understands that tax and insurance prorations and reserves were based on figures for the preceding year or supplied by others or estimates for current year, and in
the event of any change for current year, all necessary adjustments must be made between Purchaser and Seller direct.
The undersigned hereby authorizes Allegiance Title Company - CP to make expenditure and disbursements as shown above and approves same for payment. The
undersigned also acknowledges receipt of Loan Funds, if applicable, in the amount shown above and a receipt ora copy of this Statement.
Allegiance Title Company - CP
By
Kristine M. Fichtner, Escrow Officer
CITY OF COPPELL
ff'Jim Witt, City Manager
Printed at: 06/26/03 6:23 PM Compliments of Allegiance Title Company - CP