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HomeMy WebLinkAboutPO 5874: PURCHASE PROPERTY - 18 ACRES IN VICINITY OF LAKE ARTHUR DRIVEinteroffice MEMORANDUM. To: Mayor, City Council, and City Manager From: Valecia R. Tizeno, First Assistant City Attorne ~ j Dater June 13, 2008 Subject: P. O. No. 5874; Council Meeting June 17, 2008 Attached is P. 0. No. 5874 as it pertains to the purchase price and sale of approximately 18 acres of land in the vicinity of Lake Arthur Drive. -This was tabled at the June 3, 2008 Council Meeting. VRT:gt Attachment cc: City Engineer Pete Steele z.po58']9 _memo9 interoffice MEMORANDUM To: Mayor, City Council, and City Manager From: Mark Sokolow, City Attorney j~2~,.,%l j'r/f«>~-~" Date: May 30, 2008 Subject: P. O. No. 5874; Council Meeting June 3, 2008 Attached is P. O. No. 5874 as it pertains to the purchase price and sale of approximately 18 acres of land in the bicinity of Lake Arthur Drive. This was tabled at the May 20, 2008 Council. Meeting. There is a need for Mr. Shomalzadeh to execute an access and drainage easement on the 11 acre tract and a drainage easement on the 18 acre tract. The exhibits are being worked on and if not completed by Tuesday, this matter may need to be tabled. MTS:ts Attachment cc: City Engineer Pete Steele z.pOSB'/4 _mem03 P. O. No. 5874 05/30/08 is Updated ORDINANCE NO. AN ORDINANCE AUTHORIZING THE PURCHASE PRICE AND SALE OF APPROXIMATELY 18 ACRES OF LAND IN THE VICINITY OF LAKE ARTHUR DRIVE WHEREAS, it is deemed in the best interests of the public to authorize the sale of approximately 18.380 acres .of .land off Lake Arthur Drive for the purchase price of $60,000 to Hassan Shomalzadeh., who plans to develop the approximately 18.380 acres and the adjacent 11 acres in the future as a residential area, as delineated in the request from Hassan Shomalzadeh and as forwarded by Pete Steele, his attorney, attached hereto as Exhibit "A"; and WHEREAS, the seller, Hancock, Joseph & Daniels, Inc. obtained title to the property under a Deed without Warranties from the PCMUD on January 12, 2000, a copy of which is attached hereto as Exhibit "B" and have executed an Unimproved Property Contract with Hassan Shomalzadeh, attached hereto as Exhibit "C"; and WHEREAS, the authorization to sell the property requires the approval of both the United States Department of Commerce, National Oceanic and Atmospheric Administration (NOAA) and the City, with _, ,_I the net proceeds being paid to the City; and WHEREAS, as successor in interest to the PCMUD, the City is eligible to receive the net proceeds from•the sale of the property to Hassan Shomalzadeh in the amount of $54,564. ' NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR: z.po587t_updated Section 1. That the facts and opinions in the preamble are true and correct. Section 2. That the City Council approves the sale of the approximately 18.38 acres of land off Lake Arthur Drive to Hassan Shomalzadeh, so long as the City received $54,564 in net proceeds. Section 3. That Hassan Shomalzadeh or his assignees shall build on this property residential neighborhoods comparable to the immediate surrounding areas and will abide by any outstanding mitigation requirements, if any.. Section 4. That Hassan Shomalzadeh shall sign the Access Easement on behalf of the City for access, in substantially the same form as described "D", on the adjacent 11 acre tract with the corridor being approved by the City Engineer and the final documentation to be approved by the City Council. Section 5. That Hassan Shomalzadeh shall sign the Drainage Easement on behalf of the City, in substantially the same form as described "E", on the adjacent 11 acre tract with the corridor being approved by the City Engineer and the final documentation to be approved by the City Council. Section 6. That Hassan Shomalzadeh shall sign the Drainage Easement on behalf of the City on the approximately 18.38 tract, in substantially the same form as described in Exhibit "F", with the corridor being approved by the City Engineer and the final documentation to be approved by the City Council. z. po5879 _updated Section 7. That Hassan Schomalzadeh shall sign this Resolution. agreeing to the terms hereof. Section 8. That the City Manager is herein authorized to sign the Authorization to Sell Property, attached hereto as Exhibit °G". Section 9. That a copy of the caption of this Ordinance be spread upon the Minutes of the City Council. READ, ADOPTED AND APPROVED on this day of , A.D., 2008, at a Council Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: AYES: Mayor , City Council NOES: MAYOR ATTEST: ACTING CITY SECRETARY APPRO-7VED,, AS TO FORM: CITY ATTORNEY - APPROVED FOR ADMINISTRATION: CITY MANAGER z.po5679_updated AGREED TO: BY: DATE: Hassan Shomalzadeh z.po5874_updated Y- EXHIBIT "A" Bob K. Monk Lance P. Bradley 2•' James E. (Jim) Wimberley Glenn H. (Pete) Steele, Jr. ~ Jill Swearingen Chatelain' 6 Perry R. McPherson-Of Counsel Richard D. Hughes-Of Counsel ' Justin G. Sanderson s Brandon P. Monk s Kelly J. Stewart ~EC~~~~® April 23, 2008 APR 2 4 2008 LEGAL DEPARTMENT National Oceanic and Atmospheric Administration Office of Oceans and Coastal Resources Management Attn: Ruth Bes[ 1305 East-West Highway N/ORM SSMC4, Room 10412 Silver Spring, MD 20910 Mark Sokolow, City Attorney City of Port Arthur P.O. Box 1089 Port Arthur, Texas 77641 RE: Permission for Hancock, Joseph & Daniels, Inc. to sell land Gentlemen: I am representing the purchaser Hassan Shomalzadeh under a contract for the purchase of approximately ] 8.380 acres of land off Lake Arthur Drive in Port Arthur, Texas. The seller, Hancock, Joseph & Daniels, Inc., obtained title to the property under a Deed Without Warranties from the Park Central Municipal Utility District (PCMUD), a copy of which is attached hereto as Exhibit I. As [understand it, the PCMUD was dissolved several years ago, and the City of Port Arthur, Texas is the successor in interest to PCMUD. The deed requires that any contract of sale must be approved. in writing by the United States Department of Commerce National Oceanic and Atmospheric Administration and PCMUD, with [he net sale proceeds being paid to PCMUD (actually to the City of Port Arthur as successor to PCMUD). The contract bears a grosssale price of $60,000. The value of the property is listed at $32,170 on the tax rolls. I attach to this letter as=Exhibit 2 a true copy of the contract of sale, which is contingent upon the approval of NOAA and the City of Port Arthur. Attached as Exhibit 3 is a proposed consent instrument with signature spaces for NOAA and the City of Port Arthur. We are requesting that you approve the contract of sale so that the transaction may proceed to closing at Port Arthur Abstract and Title Company. Please return the signed instrument back to me as soon as possible. If you should have any questions or comments please do not hesitate to call me at 409-724-6644 or email me at psteele a mc-law.net. Please send me your contact info upon receipt of this letter so.I will know how to contact you. Thank you in advance for your cooperation in this matter. 3120 Central Mall Drive Port Arthur, Tx 77642 website: www.mc-law.net 409-724-6644 1-800-830-6785 409-724-7585 Fax I Boxed CertiOCd: Family Law Texas Board of Legal Specialintlon 2 Board C<rHfied: Pcrsonai Injury Tdal Law Texas Board of Legal BpedallzaUOn 3 Admined to Practl¢ In TX k MS 1 Board Certified: Reabential Real Esta¢ and Commercial Aoi Esutc Tczu Board of Legal Speclalixadon 5 Admited ro Practice in TX, MS and LA 6 Admitted to Practice In TX & LA A T T O R N E Y S A T L A W r April 23, 2008 National Oceanic and Atmospheric Administration Mark Soko]ow, City Attorney Page 2 Sincerely yours, ~~~ Pete Steele mkh Enclosures c: Hassan Shomalzadeh 4506 Kandy~vood Lane Port Arthur, Texas 77642 Hancock, Joseph & Daniels, Inc. Tim McKenzie, President 127 Noyant Drive Little Rock, Arkansas 72223 EXHIBIT "B" ~_ _._ STATE aF TEXAS $ ~ ~ DEED W7TFTOUT 1~Ai2RAN1TES (T COUNTY OF JEFFEiiSON § a ~ The Park Cetit<al Mumctgal Unhty District, a body po3rttc and polirical sulxiivistoa of the l!) Slate of Texas, organized and existing under Chapters 49 and 54 of the Texas Water Cade {the U "Grantor") for and in consideration of the sum of ten dollars ($10 ()f)) and other good and N'1 ~ valuable consideration, includnrtg those agreements set fiirth m that certain Real Estate Option O N Agreement dated Aprti 9, 149"7 {the "Agreement"}, in hand paid by Hancock, Ioseph & .Daniels, Inc., a Texas Cargozation (the "Grantee") the receFpt of which is hereby acknowledged, has t '• granted, sold and conveyed arid by these presents does grant, sell and wnvey unto Grantee all of that certain real property situated >a Jefferson County, Texas; more fu11y descnbed in Exhibit "A" attached hereto and made a part hereof for all purposes Thrs conveyance is made subject to the following requiremettts: 1) All restrictions, easements, covenanu, conditrons and prior conveyances and reservations of minrral and royalties of rrcord in the ofFtce of the County Clerk of Jefferson County, Texas, to tl~.e extent That the same are still in effect and relate to the Property; 2) A]1 zoning laws, regulatrons and ordinances of muniapal and other govemmerttal authorities, if any, but.anly to the extent that they are in.affeCt and relate the above 6escnbed property; ,.3) property taxes on the above described property for the currertt tax and any subsequent tar years, which arc riot yei due and payable; 4) Reservation of a right-of-way and access easement in favor of the adjacent real property owned by the Grantor consttniting approztmately twenty-two acres of land utilized b}' the Grantor as an equivalent pondtng site pursuam to certaut ohltgahons and agreements made by the Grantor with the United States Department of Commerce and the Natioual Oceanic Atmospheric Association, and 5) Granted may not contract for the sale of any real property interest in, on or out of the Property without the pnor written approval of both the Ututed States Department of Commerce National Oceanic and Atmospheric Administration and Exhibit "1" CId~PL7F -'k'L~:N:r3S1iO.CLiii .. ~ -n- r: the Grantor, and should such approval t>e._granted, then Grantee covettanis that. any net proceeds after payment of (t) site development costs incurred by Gratee only upon the Property aad (i() closing costs for the sale of the Property shall be patd by Grantee Eo the Grantor_ An access easemenCin and across the Property is reserved to the Grantor and to the Grantor's successors and assigns and shall remain aright-of-way or easement in and across the Property, but tray be along such roadways as are used by Grantee on the Property. Grantor excludes and excepts any warranties, expressed or imp?led, regarding the Properly, including, without limitations, any warranties arising by common [aw or Section 5023 of the Texas Property Coda or cis successors, and Grantee accepts the Property "AS IS AND WITH ALL FAULTS, IF Aiv`Y, AND WITHOUT .4NY WARRANTY, EXPRESSED OR IMPLED AND WITIIOLIT WARRANTY AS TO ACCESS TO THE PROPERTY. Grantee also accepts any and all rnatenal removed from the Property pursuant to-the Agreement iir an "AS IS AND WITH ALL FAULTS, IF ANY, AND WITHOUT ANY WARRANTY, EXPRESSED OR IMPLIED-" Spec:fics(ly, without limiting the generality of the €oregoing, Grantee 2ccepts the material wtdiout any warranties as to environmental conditions.existing within the tnateriais or the suitability of the materials for any partccular purpose ar development use or potential To have and to hold the Property, together wttlt all and singulaz the rights and appurtenances belonging m -any way to the Propeny, subject to fire lunitadoris, waivers of warranty, access and other provisions stated above, to Grantee its suu:essars aad its assigns forever without warranty of arty kind. Upon possesston of the Property, Grantee acknowledges it has examined the Property as well as any improvements located thereon and accepts the Property "AS IS AND WITH ALL FAULTS, IF ANY, ANB WITHOUT ANY WARRANTY, GOODSONGi1Z9147 Yypet EXPRESSEIJ OR IMPLIED "Grantee. has furtltergnd previously acknowledged to Gtantar that Grantee accepts the Propetty in tts present condition. and agrees that the Properly is fit for Grantee's intended use. GRA.~iTOR: Park Central Municipal L'titity r' Moris Carter, President, Board t+ ~ v;c ACCEPTID AN"D APPROVER this the ~ 2 day of -1-944:- GRANTEE: IJancock, Joseph c& T)aniels, inc. STATE OF TT•;Xr1S § Cour~rY of JEFFERSOx ~ ~y. , ancoc:k, Presideat This instrument was acknowledge before me on the /~f`' day of vle -449, by MORRIS CARTER, President for the Park Central uIcipal II y Disrtrlct. aoc~o ~trsos+yl~iwaixtiu?~~ MISTY G, MUSE - ~. My C6L.5Ut5SI0N EXPfREB ~-142002 F~PSP.Itt5.~1Ak,YJk~l~gfp,p~l `Y~~~,cA--2_-~ Notary Publ •, tale of Texas OOOASON6~L+91 ag Pape 7 STATE OF TEXAS § COLnVTY OF JEFEEJtSON $ Thts ms[rument was acknowledged before me on the .-~~ day of G.-u.c ua-~ 1999, by JOE HANCOCK, President Yor Fiaxtcock, Joseph & Daniels c. _~~~ CARULYN L. LINK ~ ~ ~_ HotlfM FaE+a, Stria of iesu ~,y~`= lty Co~tlisnon Ex plres °m,„~„••` MAR ^ H 7. r~ , 2402 i~ II Norary.Pu~hl ,%%%S%%% rate of Texas AFTER RECORDIl!'G, RETUIL'V TO: Mr Joe Hancock The WiI}ows Apartments 7924 Wtllowood Lane Part Ar€hm', Texas 77642 OOOASONG1129149 ~ ~~ EXHfBJT "A" A tract or parse{ of Land containing 18 38 acres of land, more or less, out of and a part of a 45 206 acres, out of and apart of Lots Numbe:eci Seven and Eight. (pt, of 7 & 8) in Block Number Ten (10), Range "J3" and pan of Lot Number F1ve (pt. of 5) m Block Number Ten (10), Range "G" of the Lands of the Port Arthur Land Company, in Jefferson County, Texas, as the same appears upon the map or plat thereof, of fife and of record in Vol. I, Page 22, Map Records of Jefferson Couty, Texas, said tract being further depicted on a preliminary drawing prepared by Jahn R. Hodges. Registered Public Land Surveyor No. 4583, dated-June 26, L998. AILED •~~~k~C(~~~ 2001 AU5 23 Q1:56 Pli 200103045) CIXk~'tTYCLf~N JEFFERSCiJ COI~lTY. TEXAS GOOASONni 129169 CPC S EXI-IIBLT "C" PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREC) o2•iJ-CO .mro~n UNIMPROVED PROPERTY CONTRACT NOTICE: Not For Use For Condominium Transactions 1. 'PARTIES: Hancock, ,Taseph s Daniela.Ine.: (Seller) :agrees to sell grid Convey fo sas son shomalzaaeh_, (Buyer) and Buyer agrees to buy from Seller tfie Property tlescritied below. 2..PROPERTY: Ldt ,Block ee Special Provisions ,Addition, City df Port Arthur , County of .Tef£erson ,Texas, known as 1f3 3B0 Acraa Off bake Arthur Dr 77642 (address/zip code), or as described on attached exhibit together with all rights, privileges and appurtenances pertaining 1Fiereto, including but not limited to: water rights, claims, permits, strips and gores, easeiflents, aril cpoperative,or association memberships (the Property}. ' 3. SALES PRICE: A. Cash portion of Sales Price payable by Buyer at Closing .................................................... $ 60.000:.00 B. Sum of all financing described below (excluding any loan funding 'fee'or mortgage Insurance premium) .........................................................................:......... $ -0.. C. Sales Price (Sum of A and B) ............................................................................................:. $ 60 .000.00 4. FINANCING: The portion of'Sales Price not payable in cash will be paid as follows: (Check applicable boxes below) ^ A. THIRD PARTY FINANCING: One or more third party mortgage loans in the total amount of $ (excluding any loan funding fee or mortgage Insurance premium). (1) Property Approval:.lf the Property does not satisfy the lenders' underwriting requirements for the loan(s); this contract will terminate and the eamest money wdl be refunded to Buyer. (2) Financing Approval: (Check one box only) ^ (a)Tfiis contract is subject to Buyer being approved for the financing described in the attached Third Party Financing Condition Addendum. ^ (b)This contract is not subject to Buyer being approved for finanding and does not involve FHA or VA financing: ^ B. ASSUMPTION: The assumption of the unpaid principal balance of one or more promissory notes described Ih the. attached TREC Loan Assumption Addendum. ^ C. SELLER FINANCING: A promissory note from Buyer to Seller of $ secured by vendors and deed of trust liens, and containing the terms and conditions described in the attached TREC Seller Financing Addendum. If an owner policy of title insurance is furnished, Buyer shall furnish Seller with a mortgagee policy of title Insurance. 5. EARNEST MONEY: Upon execution of this contract by both parties, Buyer shall deposit $1 000 00 as eamest;(noney with Port Arthur Abstract 6 Title Co , as escrow agent, at 2950 Turtle Greek Drive Port Arthur Tx 77fi42 (address). Buyershall deposit additional earnest money of $ with escrow agent vnthin days after the effectlVe date of this contract. If Buyer fats to deposit the eamest money as required. by This contracf, Buyer will be.in default: 6. TITLE POLICYAND_sUR1fEY: A TITLE POLICY: Seller shall famish to Buyer at xQ Sellers ^.Buyers expense an owner pol'!cy of title insurance (Title Policy) issued by tort Arthur Abstract & Title Co (lTtle Company) in the amount of the Sales Price, dated at or after closing, insurng Buyer against loss under the provisions of the Title Policy,.sUbject to the promulgated exclusions (including existing building and zoning ordinances) and the following exceptions: (1) f7estrictNe 0dvenanfs common to the platted subdivision in which the Property is located. (2 The standard printed exception for standby fees, taxes and assessments (3 ~enssseated as part of the financing described in Paragraph 4. _ (4) Uhhty easements created fly the dedicafien deed or plat of the subdivision In whidh.the Property is_ located. 5) Reservatigns or exceptions otherwise permitted by Phis contract oral may be approved by Buyer rn writing. ~6) The standard printed exception as to marital rights. (7 The standard tinted exception as to waters, tidelands, beaches, streams, and related matters. (8;The standard printed. exception as to discrepancies, conFlicts, shortages in area or boundary lines, encroachments or protrusions, or overlapping improvements. Buyer, at Buyers expense, may have the excepflgn amended to read, "shortages in area'. B. COMMITMENT; Within 20 days after the Title Company receives a copy of this conUact, Seller shall famish to Buyer a commitment for title insurance (Commitment) and, at Buyers expense, legible copies of restrictive Inifialedforidentification by Buyer '/w~! ^ and Seller~_ f TREC Na. 9=6 (fAR-1607) 2-73-09 Page 1 of 8 91owtt Propertiei 3836Naq Pbn Nedra TX 77651 - Hassan 1H38A Plmnc4047l15677 Faa: (X091731-9560 Ronald 1. alowl Produced with 27pFOnn"' W nE FortnsNeL LLC 18015 FYleen Mica Road, COnbn Townsldp. Mldd9an +8035 wvrw zinr rmtom Exhibit " 2" 18.380 flares Off Lake Arthur Dr. Coattradt Cbnceming Port Arthur 77 642 Page 2 of 8 02-13-06 (Address of Properly) i covenants and documents evidencing exceptions in. the Commitment (Exception Documents) other than the standard prihted exceptions. Seller authorizes the Title Company to deliver the Commitment and Exception Documents to Buyer at Buyer's address shown in Paragraph 21. If the Commitment and Exception DdcUments are not delivered to Buyer within the specified time, ttie time for delivery will be automatically extended up to 15 days qr the Gldsing bate, whichever is earlier, C SURVEY: The suNey must be made by a registered professional land surveyor acceptable to the Title. Company and any lender. (Check one box only) ^ (1) Within days after the effective date of this contract, Seller shall furnish to Buyer and Ttle Company Sellers existing survey of the Property and a Residential Real Property Affidavit promulgated by the-Texas Department of Insurance (Affidavit). If the existing survey or Affidavd is not acceptable to Title Company or Buyer's lender, Buyer shall obtain a new survey at ~ Seller's ^ Buyers expense no later than 3 days prior to Closing Date. If Seller fails to famish the existing survey or Affidavit within the time prescribed, Buyer shall obtain a new survey at Sellers expense no later than 3 days prior to Closing Date.. xl~ (2) Within 45 days after the effective date of this contract, Buyer shall obtain a new survey at Buyer's expense. Buyer is deemed to receive the survey on the date of actual receipt of the date specified in this paragraph, whichever is earlier. ^ (3) Within days after the effective date of this contract, Seller, at Sellers expense shall furnish a new survey to Buyer. D: 06Jf=bTIONS: Buyer may object in writing to (i) defects, exceptions, or encumbrances. to title: disclosed on the suNey other than items 6A(1) through (7) above; or disclosed in the Commitment other than items 6A(1) through (13) aboye; (ii) any portion of the Property lying in a special Flood hazard area (Zone V or A) as shown an' the current Federal Emergendy Management Agency map; or (iii) any exceptions which prohibit the following use or activity: Buyer must object not later Phan (i) the Closing Date or (ii) days aner auyer receives are aununnniern, Exception Documents, and the survey, whichever is earlier. Buyers failure to object within the time allowed wll constitute a waiver of Buyer's right to object; except that the requirements in Schedule C o. the Commitmentare rtgt waived. Provided Seller is not obligated to incur any expense, Seller shall cure the timely objections of Buyer or any third party lender within 15 days after Seller receives the objections and the Closing Date Wi11 he extended as necessary. !f objections are not cured vvithin such 15 day period, this contract will terminate and the earnest money will be refunded to Buyer unless Buyer waives the objections. E. TITLE NOTICES: (i) ABSTRACT OR TITLE POLICY: Broker advises Buyer to have an abstract of title covering the Property examined by an attorney of Buyers selection, or Buyer should be furnished with or obtain a Title Policy. If a ` Title Policy is furnished, the Commitment should be promptly reviewed by an attorney of Buyers choice due to rthe timeJimitations on Buyers right to object. (2) MANDATORY OWNERS' ASSOCIATION MEMBERSHIP: The Property[] is xQ Is not subject to mandatory membership in an owners' association. If the Property is subject to mandatory membership in an owners' association, Seller notifies Buyer under §5.012, Texas Property Code, that, as a purchaser of property in the tesidential community M which the Property is located, you are obligated to be a member of the owners' association. Restrictive covenants governing the use and occupancy of the Property and a dedicatory instmment governing the eslabllshment, maintenance, and operabon of this residential community have been or wilt be recorded in the Real Property Records of the county in which the Property is located. Copies of the restrictive covenants and dedicatory instrument may be obtained from the county Berk. You are obligated to pay assessments to the owners' association. The amount of the assessments is subject to change. Your failure to pay the assessments could result in a lien on and the foreclosure of the Property. If r !s concerned about these matters, the TREC promulgated Addendum for Property Subject to Mandatory Membership in an Owners Association should be used. (3) 5TATl1TORY TAX RISTRICTS: If the Property is sr~uated in a utility or other statutorily created district providing water, sewer, drainage, or flootl confrol facilities and services, 6hapter 49; Texas Water Cade, requires Seller to deliver and Buyer to sign the statutory notice relating to the tax rate, tionded Indebtedness, or standby fee of the district prior to final execution of this contract. (4} TIDE WATERS: If the Properly abuts the tidally influenced waters of the state, §33.135, Texas Natural Resources Code, requires a notice regarding coastal area Pm erty to be included in the ccntract. An addehtlum containing the notice promulgated by TREC or required by the parties must be used. (5) ANNEXATION: If the Properly is located outside the limits of a municipality, Seller notifies Buyer under §5.011, Texas Property. Code, that the Property may now or later be included in the extraterritorial jurisdiction of a municapality and may now or later be subject to annexation by fhe municipality. Each municipality maintains a map that depicts its boundaries and extraterritorial jurisdiction. To determine If the Iniklal8d for identification by Buyer ~?'n _ and Seller ~_ f Tf7EC fllO. 9-6 {fAt2-1807) 2-13-06 ,Page 2 of 8 Prgdeted with i1pFo+mTM M RE FbmnNal, llC 78015 FMeen Moe Road. CMIm Tpwrshlp, Middgan 18035 vmvr.ffirormcom HBSmn 1838 ~ 18.380 ACrea Off Jake Arthur Dr. CohtractCOnceming Port Arthur 77642 _ Page3cf6 02-13A6 (Address of Property) Property is located within a municipality's extraterritorial jurisdiction or is likely to be located within a mumcipa6ty's extraterritodal jurisdiction, contact all municipalities located in the general proximity of the Properly for further infcrmation. (5) PROPERTY LOCATED IN A CERTIFICATED SERVICE AREA OF A UTILITY SERVICE PROVIDER: Notice' required by §13.257, Water Code: The real property, described in Paragraph 2, that you are about to purchase may be located In a certificated water or sewer service area, which is authorzed by law to provide water or sewer Service to the properties in the certificated area.. if your property is located in a certificated area there may be special costs or dharges that you will be required to pay before you can receive water or sewer service. There may be a period required to construct lines or other facilities necessary to provide water'or sewer sewipe to your property. You are atlvised to determine if the property is in a certificated area and contact the utility service provider to determine fhe cost that you will be required to pay and the period, if any, that is required to provide wafer or sewer service to your property. The undersigned Buyer hereby acknowledges receipt of the foregeing notice at or before the execution of a binding contract for the purchase of the real property described in Paragraph 2 or at closing of purchase of the real property. (7) PUBLIC IMPROVEMENT DfSTRICTS: If the Property is fn a public improvement district, §5.014, Property Code, requires Seller to notify Buyer as follows: As a purchaser of this parcel of real property you are obligated to pay an assessment to a municipality or county for an improvement project undertaken by a public improvement disfdct under Chapter 372, Lodal Government Code. The assessment may be due annually or in pericdic installments. More information concerning the amount of the assessment and t#ie due dates of that assessment may be obtained from the municipality or county levying the assessment The ameunt of the assessments is subject to change. Your failure to pay the assessments could result in 8 lien on and fhe foreclgsure of your properly: (s) TEXAS AGRICULTURAL DEVELOPMENT DISTRICT: The Property ^ is ®Is not located in a Texas AgC.lcultural Development District. For additional information, contact the Texas Department of Agriculture. 7: PROPERTY GQNDITION:. A. ACCESS,INSPECTIONS AND UTILITIES: Seller shall permit Buyer and Buyers agents access to the Property of reasonable times. Buyer may have the Property inspected by inspectors selected by Buyer and licensed by TREC or otherwise permitted by law to make inspections. Seller at Seller's expense shall rum on existing utilities for inspections. NOTICE: Buyer should determine the availability of utilities to the Property suitable to satisfy Buyer's needs. B. ACCEPTANCE OF PROPERTY CONDITION: Buyer accepts the Property In its present coridi{ion; provided Seller, at Sellers expense, shall complete the following: C. COMPLETION OF REPAIRS: Unless otnerwise agrees in wnuuy, ~o~~~, ~„a„ ~..,,,r.,.... ~•• -~~___ ._~_. _ ~.._ the Closing Date. Ail required permits must be obtained, and repairs must be performed by persons who are licensed or otherwise permitted by law to provide such repairs. At Buyer's election, any transferable wanantias received by Seller with respect to the repairs vriil be transferred to Buyer at Buyers expense. If Seller fails to complete any agreed repairs prior to the Closing Date, Buyer may do so antl receive reimbursement from Seller at closing. The Closing Date Will be extended up to 15 days, if necessary, to complete repairs. D: ENVIRONMENTAL MATTERS; Buyer is advised that the presence of wetlands, toxic substances, including asbestos and wastes or other environmental hazards, or the presence of a hereatehed or endangered species or Ifs habitat may affect Buyer's Intended use of the Property. If Buyer Is concerned about these matters, an addendum promulgated b TREC or required by the parties should ba used. E. SELLER'S DISCLOSURES: Except as otherwise disclosed in this contract, Seller has no knowledge. of the (1 any flooding of the Property. (2; an nding or threatened litigation, condemnation, or special assessment affecting the Property; (3) an~nvironmental hazards or conditions affecting the Property; (4} any ddmpsite, Iandf+il, or undergground tanks or containers now or previously located on the Property; (5) any wetlands, as defined byfederal or state law or regulation, affecting the Property; or (6). any threatened or endangered species or their habitat affecting the Property. 8. BROKERS' FEES; All obllgaGons of the parties for payment of brokers' fees are contained in separate written agreements. 9. CLOSING: A. The diosing of the sale vnll be on or before April 11 , 2008 or within 7 daysafter objections made under Paragraph 6D have been cured or waived, whichever lath is later (Closing Date}. If either party tails to close the sale by the Closing Date, the non-defaultlng party may exercise the remedies contained in Paragraph 15. lnitialed'for fdentificetlon by Buyer _ and Seller/ h'" ~- TREC N0. 9-6 ~~ page 3 of B (fARs1607) 213-t1f3 H>usan 4838 A ptcdurad MQt 9pForm"' Ey RH FamaNeg LLC 18025 F'Jtem~ h91e Read; Crctton TownWp, MlUtlpan A800i 18.380 Aaras ofP Lake Arthur Dr. ConUactConceming Port Arthur 77642 Pags.4of8 02.13-08 (Address. of Prtperty) B. At Closing: (1) Seiler Shall execute and deriver a general warranty deed conveying title to the Property to Buyer and showing no addidgnai exceptions to those permitted In Paragraph i3 and furnish tax statements or cefdficates slowing no delinquent taxes on the Property, (2) Buyer shall pay the Sales Price in good funds acceptable to the escrow agent. (3) Seller and Buyer shall execute and deliver any notices, statements, certificates, affidavits, releases, loan documents and Ether documents required of them by this contract, the Commitment or law necessary for the closing of the sale end the Issuance of the Title Policy. C. Unless expressly prohibited by written agreement, Seller may continue ro show the Property and receive, negotiate and accept back up offers. o D. All covenants, representations and warranties in this contract survive closing. 40. POSSESSION: Seller shall deliver to Buyer possession of the Property in its present or required conditidn upon closing and funding. 1'I. SPECIAL PROVISIONS: (Insert only factual statements and business details applicable to this sale. TREG rules prohibit licensees from adding factual statements or business details for which a contract addendum or other form has tieen promulgated by TREG for mandatory use.) Buyer is aware, NOAA and the City of Port Arthur will have to approve this sale i.f accepted by 8aller. The legal deaeription as defined by the Jefferson County Appraisal District is asfollows: LT 5 TR 3 BLK 10 RG G LT 7 TR 4 LT 8 TR 1 BLK 10 RG H PALCiJ 1.8.380 AC. In reference to Paragraph 23. Huyer waives the Termination Option. Period. In reference to Paragraph 8., Broker's Fee, Broker will.recaive 68 of salsa price for commission, to be held from the proceeds o£ this sale. 12, SETTLEMENT ANI] OTHER EXPENSES: A. The following expenses must be paid at or prior to closing: (t) Expenses payable 6y Seller (Seller's Expenses): (a) Releases of existing liens, including prepayment penalties and recording fees; release of Sellers loan liakility; hdx statements or certificates; preparation of deed; one-half of escrow fee; and other expenses payable lry Seller under this contract. (Li) Seller shall also pay an amount not to exceed $ tt/A to be applied in the following order. Buyer's Expenses which Buyer is prohibited from paying by FHA, VA, Texas Veterans Housing Assistance Program or other govemmental loan programs, and then ro other Buyer's Expenses as allowed by the lender. (2) Expenses payable by Buyer (Buyer's Expenses): (a) Loan grigination; discount, buy-down, and commitment fees (Loan Fees). (bj Appraisal tees; loan application fees; credit reports; preparation of loan documents; interest on the notes from date of disbursement to one-month prior fo dates of first monthly payments; recording fees; eoples of easements antl restrictions; mortgagee title pplicy with endorsements required bq lender, loan-related Inspeddon fees, photos; amortization schedules; one-half of escrow fee; all prepaid items, including required premiums for flood and hazaN insurance, reserve deposits for insurance, ad valorem taxes and special governmental assessments; final compliance inspection; eourfer fee; repair Inspecdoh; underwriting fee; wire transfer fee; expenses incident to any loan; and other expenses payable by Buyer under this contract. 6. buyer stisll pay Private_Mortgage Insurance Premium (PMI), VA loan Funding Fee; or FHA Mortgage insurance Premium (MIP) es required by the lender. C, If any expense exceeds an amount expressly stated In this contract for such expense to be paid by a party; flat party may teiminake this Contract unless the other party agrees to.pay such excess. Buyer may not pap charges antl fees expressy prohibited by FHA, VA, Texas Veterans Housing Assistance Program or other governmental loan programlegulatlons. Initialed for idendtlcadon 6y Buyer -and Seller TREG NO.9-6 (TAR-1607p2•f8-06 ~ Page4of8- ProdveeEwith ZIpFOnn° 8'! RE FomleNel, LLC 18025 FiHaen 6ile~n0ad, Canton TCx1uNp, I,4dd0en 48055 Id>E5v~I0Iffi~m Fallen l,&7b A. 5 I ,: ' 1 -- - 18.360 Acres Off Lake Arthur Dr. GontreDConpeming~ Part Arthur 77542 Pageboi6 03-13-06 (Address of Property) 13. PROBATIONS AND ROLLBACK TAXES: A. PROBATIONS: Taxes for the current year, interest, maintenance fees, assessments, dues and rents will be prorated through the Closing Date. The tax proration may be calculated taking into consideration any change In exemptions that will affect the current year's taxes. If taxes for the qurrent year vary from the amount praratetl at closing, the parties shall adjust the prorations when tax statements for the current year are available. If taxes are not paid at or prior to Dosing, Buyer shall pay [axes for the curcent year. B. ROLLBACK TAXES: If this sate or Buyer's use of the Property after closing results in the assessment Of additional taxes, penalties or interest {Assessments) for periods prior to closing, the Assessments will be the obligation of Buyer. If Sellers change in use of the Property prior to closing or denial of a special use valuation on the Property claimed by Seller results in Assessments for periods prior to closing, the Assessments will be the obligation of Seller. Obligations imposed by this paragraph will survive closing. 14. CASUALTY LOSS; If any part of the Property is damaged or destroyed by fire or other casualty after the effective date of this contract, Seller shall restore the Property fo Its previous condition as soon as reasonably possible, but In any event by the Closing Date. If Seller fails to do so due to factors beyond Setler'seonirol; Buyer may (a) terminate this contract and fete eamest money will be refunded to Buyer (b) extend the time for performance up to 15 days and the Closing Date w11 be extended as necessary or (c) accept the Property in its damaged condition with an assignment of insurance proceeds and receive credit from Seller at closing in the amountof the deductible under the insurance policy Seller's obligations. under this paragraph are Independent of any other obligations of Seller under this contract. 15. DEFAULT: If Buyer fails to comply with this contract, Buyer will be in default, and Seller may (a) enforce specific perforrtiance; seek such other relief as may be provided by law, or both, or (b) terminate this contract and receive the eamest money as liquidated damages, thereby releasing both parties from this contract. If, due to factcrs tieyond Seller's control, Seller fails Withlh the time allowed to make any non-casualty repairs or deliver the Commitment, Or survey, if7equired of Seller, Buyer may (a) extend the time for performance up to 15 days and the Closing Date will be extended as necessary or (b) terminate this contract as the sole remedy and receive the earnest money. If Seller falls to comply with this contract for any other reason, Seller will be in default and Buyer may (a) enforce specific performance, seek such other relief as may be provided by law, or both; or (b) terminate this contract and receive the tamest money, thereby releasing both parties from this contract. 16, MEDIATION: It is the policy of the State of Texas to encourage resolution of disputes through alternative dispute resolution procedures such as mediation. Any dispute between Seller and Buyer related to this contract which is not resolved through informal discussion xQ will ^ will not be submitted to a mutually acceptable mediation service or prov(der. The parties to the mediation shall bear the mediation costs equally. This paragraph does not preclude a party From seeking equitable relief Trom a court of competent jurisdiction. 17: ATTORNEY'S I'EE$: The prevailing party in any legal proceeding related to this contract is entitled to recover reasonable attorney's fees and all costs of such proceeding incurred by the prevailing party. 18. ESCROW: A. ESCROW: The escrow agent is not (i) a party to this contract and does not have liability foe the performance or nonperformance of any party to this contrack fit) liable for interest on the earnest money and (iii) liable fcr the loss of any earnest money caused by the failure of any financial institution in which the eamest money has been deposited unless the financial institution is acting. as escrow agent. B, EXPEI~§ES; At closing, the eamest money must be applied Hrst to any cash down payment, then to Buyer's Expenses and any excess refunded to Buyer. If no closing occurs, escrow agent may require payment of unpaid expenses incurred on behalf of the parties and a written release of liability of escrow agent from a0 parties. C. Df=MAND: Upon termination of this contract, either party or the escrow agent may send a release of earnest mOrfey to each party and the parties shaft execute counterparts of the release and deliver same to the escrow agent. If either party fails to execute the release, either party may make a written demand to the escrow agent for the earnest money. If only one party makes wrftten demand for the eamest money, escrow agent shall promptly provide a copy of the demand to the other parry. If escrow agent does not receive written abjection to the demand from the other party within 15 days, escrow agent may disburse the eamest money to the party making demand reduced by the amount of unpaid expenses incurred on behalf of the party receiving the eamest money and escrow agent may pay the same to the creditors. If escrow agent complies vrith the provisions of-this paragraph, each party hereby releases escrow agent from all adverse claims related to the disbursal of the IrifNaled for Identiflcatidn by Buyer ~_ and Seller TREE NO, g-G (TAR-160 2-13-08 Pege 5 of 8 P10dBCetl wl0i APFemt"' BYRE FonmNi4 LLC 78825 FlM1een Mile Road. Cfinem TavmsrilP• Mitlilgae 405 wgrh>!rororm.cmn riatl~en 1830 A 18.380 Acres O£E bake Arthur Dr. ConVact Concerning Port Arthur . 77642 Paga 6 of 8 0213-06 (Address of Property) D. DAMAGES; Any party who wrongfully fails or refuses to sign a release acceptable to the escrow agent within 7 days of receipt of the request will be liable to the other party for liquidated damages of three times the amount of the earnest money. E. NOTICES: Escrow agent's notices will be effective when sent in compliance with Paragraph 21. Notice of objection to the demand will be deemed effective upon receipt by escrow agent. 19, REPRESENTATIONS: Seiler represents that as of the Closing Dale (a) (here will be no liens, assessments, or security interests against the Property which will not be satisfied ouf of the sales proceeds unless securing payment of any loans assumed by Buyer and (b) assumed loans will.not be in default. If any representation of Seiler irrthis contract is untrue on the Closing Date, Seller will be in default. 20. FEDERAL TAX REQUIREMENTS: If Seller is a "foreign person; as defined by applicahle law, or if Seller fails to deliver an affidavit to Buyer that Seiler is not a "foreign person ;then Buyer shall withhold from the sales proceeds am amount suf tcient to comply with applicable tax law and deliver the same to the Internal Revenue Service together with appropriate tax Forms. Internal Revenue Service regulations require filing written reports if curtency in excess of specified amounts is received In the transaction. 21. NOTICES: All notices from one party to the other must be in writing and are effective when mailed to, at, or transmitted by facsimile or electronic transmission as follows: Ta Buyer at: Hassan Shomalzadeh 4506 Kandvwood Lane - Pgrt Arthr Tex 77642 Telephone: (909) 466-6304 Facsimile: E-mail: To Setter at: 127 Novant Drive T't+le Rock Arkansas 72223 Telephone: (501) 6.63-2451 Facsimile: E-mail: 22. AGREEMENT OF PARTIES: This contract contains the entire agreement of the parties and cannot be changed :except by their written agreement. Addenda which are a part of this contract are (check all applicable boxes); ^ Third Party Financing Condition Addendum ^ Seller~tRancing Addendum ^ Loan Assumption Addendum ^ Addendum br Property Subject to Mandatory Membership in art Owners' Association ^ Addendum for Sale of Other Property by Buyer Other (list): Initialed foridentification by Buyer ~ _ and Seiler (fAR-1607)2.13-06 Pr0duce0with Z3pPortu°' b/ RE FomuNet LLC 18045 Firteen Mille Raa4 CMl0n ToWruNp, lNkNgen 48G55 www.zlorann.com ^ Ehvironmental Assessment; Threatened or Endangered Species and Wetlands Addendum ^ Addendum For Coastal Area=Property Addendum For Property Located Seaward of the Gulf Intracoastal Waterway ^ Addendum for Release of Liability on Assumption of FHA, VA, or Conventional Loan Restoretion of Seller's End0ement for VA Guaranteed Loan ^ Addendum for "Back-Up" Contract TREC NO. 9~ page 6 of B HasiM lit,?8 A 18.380 Acres Off Lake Arthur Dr. Port Arthur 77642 _ Page 7 of 8 02.13.06 n t t G mi rac ce ng pon o i (Address of Property) 23. TERMINATION OPTION: For nominal consideration, the receipt of which is hereby acknowledged by Seller, and Buyer's agreement tb pay Seller $ N/A (Option Fee) within 2 days after the effective date of this contract, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination. to Seller ' rf Buyer within N A days after the effective date of this contract. If no dollar amount is stated as the Option Fee or failsto pay ttte Option Fee within the time prescribed, this paragraph will not be a part of this contract and Buyershall not have the unrestricted right to terminate this contract If Buyer gives notice of termination within the time prescr)beG, the Option Fee will not.be refunded; however, any earnest money will be refunded fo Buyer. The Option Fee [~ will ^ will not be credited to the Sales Pdce at closing. Time is of the essence for this paragraph and strlet compliance with the time for performance Is required. 24. CONSULT AN ATTORNEI': Real estate licensees cannot gNe legal advice. READ THIS CONTRACT CAREFULLY. if yotrdo not understand the effect of this contract, consult an attorney BEFORE signing. Buyer's Seller's Attomey Is: Pete Skeels Attorney is: 3120 Central Mall Dr, Port Arthur Tex 77642 Telephone: ,(409) 724-6644 Telephone: Facsimile: Facsimile: E-mail: E-mail: f day of 77'1 Gt/'C/r Z o0 8 (EFFECTIVE DATE). .EXECUTED the ~0 L ACCEPTANCE.) N A (BROKER: FILL IN THE DATE OF FI / J ~, Buyer Hassan Shomalzadeh Seller Hancock, Joseph & niels,Inc. 0 Buyer Seller The form of this contract has been approved by the Texas Real Estate Commission. TREC forms ere intended for use only by trained real rovision in any speafic transactions. It Is nal intended uac of an lidit e l y y p y or ad va q estate Ifcensees. No representation Is made as to the lega for complex Iranaa~ons. Texas Real Estate Commission, P.O. Box 12168, Austin, TX 78711-2186, 1'-600-?60A752 or (512) 459.85A4 , (htlpJhvwwkeastate.lx.us) TREC NO. &6. This form ieplaces TREC NO.9-6. TREC NO. 9=6 Page 7 of 8 (TAR-1607) 2.13-i7B Preduced N/ih 2fpForm^' by flE FMnfNeC LLC 18025 Flneen Mile Road, plriWn TuwnsNp, Mlchrgan 46035 twny.ziofonrtrom Hasssn 18.78 A 18.380 Acres Off Lake Arthur Dr. Contract COncemtng Port Arthur 77642 Page8of8 02-13-06 (Address of Pro edy BROKER INFORMATION AND RATIFICATION OF FEE Listing Broker has agreed to pay Other Broker N/A of the total sales price when fisting Broker's fee is received. Escrow Agent is authorized and directed to pay Other Broker from Listing Broker's fee at closing. N/A ~ Blount Properties 0234628 Other Broker License No. Listing Broker License Na. represents ~ Buyer only as Buyer's agent represents ~ Seller and Buyer as an intermediary ^ Seller as Listing Brokers suhagent ^ Seller onry as Seller's agent // _ _ ~Q Q ~~~(409)T21-5533 Associate Telephone Listing Associate7~ - Telephone Ronald J. Blount _ ~ 2826 Na11 (909)721-9560 Brokers Address Listing Associate's Office Address Facsimile Port Neches Tx 77651 City State Zip City State Zip ronnie@blovntproperties.com Facsimile Email Address (509)721-5533 Email Address Selling Associat Telephone Ronald J. B1 unt Same Selling P,ssociate's Office Address Facsimile City State Zip Email Address OPTION FEE RECEIPT Receipt of $ -o- (Option Fee) in the form of is acknowledged. Seller or Listing Broker Date ~_C/ONTRACT AND EARNEST MONEY RECEIPT '/ y/,~n Receipt of Contract and L~ $~~ ~ ~ ~ Earnest Money in the form of ~.l ~ "v I is acknowledged. Escrow Agent Port Arthur Abstracts xitle co. Date: r By' Email Address Molly Malle 2950 Turtle cr k Drive Telephone: (409)960-3000 Address Port Arthur xx 77642 Facsimile: qty State Zip TREC NO 9-S (TAR-160n 2-13-06 Page B of 8 Produced with LlpForm ^' 6y RE FarmsNe~ LLC 18025 Fllteen MAe Roa4. Crinton Tovmslvp, Mkhgan ~BO75 www inform cmn Hassan 1878 A Approved by the Texas Real Estate Commission for Voluntary Use Texas law 2qufres elf reef estate licensees to give the following information about brokerage servrces ro prospective buyers, tenants, sellers and landlords. Information About Brokerage Services efore working with a real estate broker, you should Bknow that the duties of a broker depend on whom the- broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the properly for sale or lease is the owners agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyers agent represents the buyer. A broker may ad as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly. IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner's agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting en offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owners agent anything the buyer would not want the owner to know because an owners agent must dsclose to the owner any material infortnallon known to the agent. IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer's agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyers agent can assist the owner but does not represent the owner and must place the interests of the buyer test. The owner should not tell a buyers agent anything the owner would not want the buyer to know because a buyers agent must disclose to the buyer any material information known to the agent. IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties 'rf the broker cr~tplles with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an Intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermedary. The broker is required to treat each party honestly and fairly and. to comply with The Texas Real Estate license Acl. A broker who acts as an intermediary in a transaction: (1) shall treat all parties honestly; (2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; (3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do sc by the buyer, and (4) may not disclose any confidential information or any information that a pang specifiglly Instructs the broker in writing not to disclose unless authored in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. uJth the ponies' consent, a broker acting as an intermediary between the. parties may appoint a person who is licensed under The Texas Real Estate License Aci and associated with the broker to communicate with and carry out inshuctions of one party and another person who. is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party. If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the brokers obligations and your obligations. The agreement should. state how and by whom the broker wll be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. It you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding. Real estatelicensee asks that you~gcknowledge receipt of this information about brokerage services for the licensee's records. 07 Texas Real Eslale Brokers and salespersons are ricerted and re8maled try the Texas Real Estate CammiSSion (rREC). If you have a question or wmplainl regarding a real estate ecensee, You should contact TREC al P.O. Boz 12188, Austin, Texas 78T 114188 or 51718&7968. V7A (TAR-2501)1/1196 Blolmr Propcrtict 7426 Nall, Pa Fax~d09 Y21 A560 Ronald 1. Bloutn Pbonc~a77213533 ( ) PrOduad wipe ZlpFOrfh^ try RE FarmsNeL LLC 18035 RReen Mile Road, Cilydon Tawnstdp, Mkhlgan 48075 wxwsiormm.com aweW+e InpplGllT I ntc No. OP-K Page 1 of 1 (.rlx ,_ r The real property, described below, which you are about to purchase, is located in the Jefferson County Drainage District No. 7. The District has taxing authority separate fi om any other taxing authority, and may, subject to voter approvals issue an unlimited amount of bonds and levy en unlimited rate of tax in payment of sncfi bolds. As of this date, the rate of taxes levied by the District on real property located in the district is - 0.1$ 72102 on each $100.00 of assessed evaluation. if the District has not yet leviedtaxes, the most reeegt projected rate of debt service tax, as of this dale, is 0.00 on each 1$ 00.00 of assessed valuation, The total amount of tionds which has been approved by the voters and which have been or may, at this.date, be issued is ~, and the aggregate initial principal amounts of all bonds issued farone or mare of the specified facilities of the District and payable in whole or in part from property taxes which Have been previously issued was $28.845 000.00. The District has the authority to adopt and impose a standby fee on property in the district [hat has district- ftnanced water or sewer facilities and service available but not comtected The district may exercise the authority without holding an election on the matter. As of this date, the most recent amount of the standby fee is S0,00. An unpaid standby fee is a personal obligation of the person that owned the property at the time of imposition and is secured by alien on the property. Any person may request a certificate from the district stating the amount, if any, of unpaid standby fees on a tract of property in the district. The purpose ofWis District is to provide drainage and flood control facilities and services within the district through the issuance ofbonds payable in whole or in part from property taxes. The cost of these utility facilities is not included in the purchase price of your property, and these utility Facilities are owned or to lie:owned by the District. The legal description of the property, which you are acquiring, is as follows: LT 5 TR 3 BLK 10 RG GLT7TR4LTSTRiBLK10RGHPAL_O. 3-t O •2dy~ -~U(~ Date Signature of Seller Date Signature of Seller The undersigned Purchaser hereby acknowledges receipt of the foregoing notice at or prior to execution of a binding contract for the purchase of the real property described in such notice or at closing of purchose of the trial property. ~ ~ / Date Signature of Purchaser Date Signature of Purchaser PURCHASER [S ADVISED THAT THE INFORMATION SFIOWN ON THiS FORM IS SUBIECT TO CHANGE BY THE DISTRICT AT ANY TIME. THE DISTRICT ROUTINELY ESTABLISHES TAX RATES DURING THE MONTHS OF SEPTEMBER THROUGH DECEMBER OP EACH YEAR, EFFECTIVE FOR THE YEAR IN WHICH THGTAX RATES ARE APPROVED BY THE DISTRICT. PURCHASER IS ADVISE TO CONTAC'T' THE DISTRICT TO DETERMINE THE STATUS OF ANY CURRENT OR PROPOSED CHANGES TO THE INFORMATION SHOWN ON THIS FORM. ~~! 4 TEXAS ASSOCIATION OF REALTORS® INTERMEDIARY RELATIONSHIP NOTICE USE OF THIS KORM BY PERSONS WHO ~~OT MNE ~6RS OFw ASE LTEXAS~ O'CIAa N OF REALTORS015 NOT Al1rNORQEO. ' To: Hancock JdsePh & baniels Inc (Tim McKenzie President) (Seller or Landlord) and Hassan Shomalzadeh - (Prospact~ From: Blount Properties (Ronald J Blount) - (Broker's Firml 28.380 Acres Off Lake Arthur Re: Port Arthur Tx 77692 - (Property) Date: A. Under this notice, "owneY' means the seller or landlord of the Property and "prospect" means the above-named p~gspecGve buyer or tenant for the Property. 8. Broker's firm represents the owner under A listing agreement and also represents the prospect under a buyerRenant representation agreement. C. Ir} the written listing agreement and the written buyerRenant representation agreement, fioth the owner and the prospect'previously authorized Broker to act as an intermediary if a prospect who Broker represents desires to buy or lease a property that is listed by the Broker. When the prospect makes an offer to purchase or lease the Property, broker will act in accordance with the authorizations granted in the listing agreement and in the buyer/tenant representation agreement. D. t3rpker ^ will Q' will not appoint licensed associates to communicate with, carry out instructions of, and provide gpinians and advice during negotiations to each party. If Broker makes such appointments, Broker appoints: to the owner, and to the prospect. E. By acknowledging receipt of this notice, the undersigned parties reaffirm their consent for broker to act as an intermediary. F: Additional ihformation:.(DiSclrlse material information related to Brokers relationship to the parties, such as persona! relafioashrps orpriororCOnfemplatedbusiness relafionships.) Ttie untle igned acknowled a receipt of this notice 3-7 d "~8 Setter or Landlord ~ Date Tiro MclCenzi:e Seller Or tendlord Date Prospect Date Hassan $homalzadeh Prospect Page 1: of 1 Etount 7rdPci4iSS 2816 Nil), Pon Nkchls TX 27631 (ifx P}lon2:409f213A3 Fak: (409) 721A560 Ronald I. Blount - PlodusRd widl ZpForm^' by RE FonnsCret LLC 18025 FiSeen MIfE Road. CSnton Towmftip, MlUtgan eeaaa wwwsiofarm.com EXHIBIT "D" EASEMENT STATE OF TEXAS ~ § KNOW ALL MEN BY THESE PRESENTS COUNTY OF JEFFERSON ~ THAT Hassan Shomalzadeh, hereinafter called "Grantor" for and in consideration of the sum of TEN DOLLARS AND NO/100 ($10) cash and other consideration to us in hand paid by the City of Port Arthur, Texas, a Municipal Corporation, (hereinafter called the "City"), as well as other good and valuable considerations, receipt of all of which is hereby acknowledged and confessed, have GRANTED, SOLD, and CONVEYED and by these presents do GRANT, SELL, AND CONVEY unto the said City of Port Arthur, Texas, a right, privilege, and Easement in, under, and across the tracts of land that is approximately 11 acres adjacent to Lake Arthur Drive situated in Jefferson County, Texas, to- wit: See Exhibit "A", attached hereto and incorporated by reference. Said Access Easement in the corridor as marked in Exhibit "A" shall be non-exclusive and shall be for the purpose of access in favor of the City so that the City can utilize, maintain, improve and upgrade as needed the adjacent canal, ditches, stormsewer facilities and z.access easement_shomalzadeh detention facilities and adjacent city property and it is granted subject to these provisions. Said Stormsewer and Drainage Easement in the corridor or corridors as marked in Exhibit "B" shall be non- exclusive and shall be for the purpose of maintaining, improving, installing and upgrading by the City of stormsewer lines and drainage structures in the corridor or corridors as marked in Exhibit "A" I. It is expressly understood and agreed that the City shall have the right of ingress to and egress from the above-described tract of land for the aforesaid purposes of this Easement. II. It is expressly understood and agreed that the City shall have the right to temporary use of such adjacent property to the above-designated Easement as is reasonably needed for working room to accomplish the aforesaid purpose of this Easement. TO HAVE AND TO HOLD the same unto the City of Port Arthur, Texas, its successors and assigns forever. WITNESS MY HAND, this day of A. D., 2008. z.access easement_shomalzadeh GRANTOR: BY: Hassan Shomalzadeh ACKNOWLEDGMENT THE STATE OF TEXAS COIINTY OF JEFFERSON BEFORE ME, the undersigned Notary Public, on this day personally appeared Hassan Shomalzadeh known to me to be the person whose name is subscribed to the foregoing instrument, for the purposes and considerations therein expressed, and in the capacities therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this day of 2005. NOTARY PUBLIC IN AND FOR THE STATE OF TEXAS ACCCEPTANCE OF EASEMENT This easement was accepted by the City of Port Arthur per Ordinance No. approved by the City Council on WITNESS MY HAND this ~ day of 2008. CITY OF PORT ARTHUR By: Stephen Fitzgibbons, City Manager z.access easement_sliomalzadeh ACKNOWLEDGMENT THE STATE. OF TEXAS COUNTY OF JEFFERSON BEFORE ME, the undersigned Notary Public, on this day personally appeared Stephen Fitzgibbons, City Manager of the City of Port Arthur, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged. to me that he executed the same as the act and deeds of the City of Port Arthur, for the purposes and considerations therein expressed, and in the capacities therein stated.-- GIVEN UNDER MY HAND AND SEAL OF OFFICE, this day of 2008.. NOTARY PUBLIC IN AND FOR THE STATE OF TEXAS APPROVED AS TO FORM: Mark T. Sokolow, City Attorney z.access easement_shomalzadeh EXHIBIT "E" EASEMENT STATE OF TEXAS § § KNOW ALL MEN BY THESE PRESENTS COUNTY OF JEFFERSON § THAT Hassan Shomalzadeh, hereinafter called "Grantor" for and in consideration of the sum of TEN DOLLARS AND NO/100 ($10) cash and other consideration to us in, hand paid by the City of Port Arthur, Texas, a Municipal Corporation, (hereinafter called the "City"), as well as other good and valuable considerations, receipt of all of which is hereby acknowledged and confessed, have GRANTED, SOLD, and CONVEYED and by these presents do GRANT, SELL, AND CONVEY unto the said City of Port Arthur, Texas, a right, privilege, and Easement in, under, and across the tracts of land that is approximately 11 acres adjacent to Lake Arthur Drive situated in Jefferson. County, Texas, to- wit: See Exhibit "A", attached hereto and incorporated by reference. Said Stormsewer and Drainage Easement in the corridor as marked in Exhibit "A" shall be non-exclusive and shall be for the purpose of maintaining, improving, installing and upgrading by the City of stormsewer lines and drainage structures. z.drainage easement_shomalzadeh_11 acres I. Zt is expressly understood and agreed that the City shall have the right of ingress to and egress from the above-described tract of land for the aforesaid purposes of this Easement. II. It is expressly understood and agreed that the City shall have the right to temporary use of such adjacent property to the above-designated Easement as is reasonably needed for working room to accomplish the aforesaid purpose of this Easement. TO HAVE AND TO HOLD the same unto the City of Port Arthur, Texas, its successors and assigns forever. WITNESS MY HAND,. this day of A. D., 2008. GRANTOR: BY: Hassan Shomalzadeh ACKNOWLEDGMENT THE STATE OF TEXAS z.drainage easement_shomalzadeh_11 acres COIINTY OF JEFFERSON BEFORE ME, the undersigned Notary Public, on this day personally appeared Hassan Shomalzadeh known to me to be the. person whose name is subscribed to the foregoing instrument, for the purposes and considerations therein expressed, and in the capacities therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this day of 2008. NOTARY PUBLIC IN AND FOR THE STATE OF TEXAS ACCCEPTANCE OF EASEMENT This easement was accepted by the City of Port Arthur per Ordinance No. approved by the City Council on WITNESS MY HAND this day of 2008. CITY OF PORT ARTHUR By: Stephen Fitzgibbons, City Manager z.drainage easement_shomalzadeh_11 acres ACKNOWLEDGMENT THE STATE OF TEXAS COUNTY OF JEFFERSON BEFORE ME, the undersigned Notary Public, on this day personally appeared Stephen Fitzgibbons, City Manager of the City of Port Arthur, known to me to be the person whose name is subscribed to the foregoing instrument, and. acknowledged to me that he executed the same as the. act and deeds of the City of Port Arthur, for the purposes and considerations therein expressed, and in the capacities therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this day of 2008. NOTARY PUBLIC IN AND FOR THE STATE OF TEXAS APPROVED AS TO FORM: Mark T. Sokolow, City Attorney z.drainage easement_shomalzadeh_it acres EXHIBIT ~~F" EASEMENT STATE OF TEXAS 5 ~ KNOW ALL MEN BY THESE PRESENTS COUNTY OF JEFFERSON § THAT Hassan Shomalzadeh, hereinafter called "Grantor" for and in consideration of the sum of TEN DOLLARS AND NO/100 ($10) cash and other consideration to us in hand paid by the City of Port Arthur, Texas, a Municipal Corporation, (hereinafter called the "City"), as well as other good and valuable considerations, receipt of all. of which is hereby acknowledged and confessed, have GRANTED, SOLD, and CONVEYED and by these presents do GRANT, SELL,- AND CONVEY unto the said City of Port Arthur, Texas, a right, privilege, and Easement in, under, and across the approximately 18.38 acre tract of land situated in Jefferson County, Texas, to-wit: See Exhibit "A", attached hereto and incorporated by reference. Said Stormsewer and Drainage Easement in the corridor as marked in Exhibit "A" shall be non-exclusive and shall be for the purpose of maintaining, improving, installing and upgrading by the City of stormsewer lines and drainage structures. z.dzainage_easement_shomal zadeh_18 acres I. It is expressly understood and agreed that the City shall have the right of ingress to and egress from the above-described tract of land for the aforesaid purposes of this Easement. II. It is expressly understood and agreed that the City shall have the right. to temporary use of such adjacent property to the above-designated Easement as is reasonably needed for working room to accomplish the aforesaid .purpose of this Easement. TO HAVE AND TO HOLD the same unto the City of Port Arthur, Texas, its successors and assigns forever. WITNESS MY HAND, this day of A. D., 2008. GRANTOR: BY: Hassan Shomalzadeh ACRSTOWLEDGMENT THE STATE OF TEXAS COUNTY OF JEFFERSON BEFORE ME, the undersigned Notary Public, on this day personally appeared Hassan Shomalzadeh known to me to be the person whose name is subscribed to the foregoing instrument, for the. purposes and considerations therein expressed, and in the capacities therein stated. z.drainage_easement_shomalzadeh_18 acres GIVEN UNDER MY HAND AND SEAL OF OFFICE, this day of 2008. NOTARY PUBLIC IN AND FOR THE STATE OF TEXAS ACCCEPTANCE OF EASEMENT This easement was accepted by the City of Port Arthur per Ordinance No. approved by the City Council on WITNESS MY HAND this day of 2008. CITY OF PORT ARTHUR By: Stephen Fitzgibbons, City Manager z.drainage_easement_shdmalzadeh_18 acres ACKNOWLEDGMENT THE STATE OF TEXAS COUNTY OF JEFFERSON BEFORE ME, the undersigned Notary Public, on this day personally appeared Stephen Fitzgibbons, City Manager of the City of Port Arthur, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same as the act and deeds of the City of Port Arthur, for the purposes and considerations therein expressed, and in the capacities therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this day of 2008. NOTARY PUBLIC IN AND FOR THE STATE OF TEXAS APPROVED AS TO FORM: Mark T. Sokolow, City Attorney z.drainage_easement_shomaizadeH_18 acres BXHIBIT "G" AUTHORIZATION TO SELL PROPERTY WHEREAS, by Deed Without Warranty recorded August 23, 2001 under County Clerk's file number 2001030451 Official Public Records of Real Property, Jefferson County, Texas, Park Central Municipal Utility District conveyed approximately 18.380 acres of land to Hancock, Joseph & Daniels, Inc.; and WHEREAS, the Deed provides that any future contract of sale must be approved in writing by United States Department of Commerce National Oceanic and Atmospheric Administration and the Park Central Municipal Utility District; and WHEREAS, Park Central Municipal Utility District was dissolved and the City of Port Arthur, Texas is its successor in interest; and WHEREAS, Hancock, Joseph & Daniels, Inc. wishes to sell the property to Hassan Shomalzadeh for $60,000, pursuant to a contract furnished to NOAA and the City, with the net sale proceeds being paid to the City. Accordingly, the undersigned hereby approves the sale of the property, pursuant to the contract with Hassan Shomalzadeh, and pursuant to the terms of Ordinance No. UNITED STATES DEPARTMENT OF COMMERCE NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION BY: (printed name and title) CITY OF PORT ARTHUR, TEXAS (Successor to Park Central Municipal Utility District) BY :. (printed name and title) Z.po5874_exhibit