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HomeMy WebLinkAboutPO 7151: CITY OWNED BACANT TRACT OF LAND LOCATED AT 627 W. 10TH STREET AND EXECUTION OF A SPECIAL WARRANTY DEED P.O. No. 7151 07/11/23 ht ORDINANCE NO. AN ORDINANCE AUTHORIZING THE SALE OF A CITY OWNED VACANT TRACT OF LAND LOCATED AT 627 W. 10th STREET AND EXECUTION OF A SPECIAL WARRANTY DEED WHEREAS, on January 31, 2023, the City Council authorized a Motion to list the city owned vacant tract of land located at 627 W. 10th Street by a licensed real estate broker as set forth in Chapter 272 of the Texas Local Government Code (TLGC); and WHEREAS, pursuant to Section 253.014(b)(d) of the TLGC, the City contracted with a licensed real estate broker to list the property for a minimum period of thirty (30) days with a multiple-listing service; and WHEREAS,a ready,willing and able buyer has now been produced by the broker and it is now deemed in the best interest of the City Council to approve the final sale to authorized conveyance of the lot to prospective Buyer, Kevin Roach of KCK Investments, LLC for the fair market value amount of$1,200.00. NOW THEREFORE,BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR: Section 1. That the facts and opinions in the preamble are true and correct. Section 2. That the City Council finds that the requirements under Section 253.014 of the Texas Local Government Code have been properly met. Section 3. That a readily willing and able buyer has been produced by the licensed real estate broker utilizing the multiple listing service. Section 4. That the City Manager,is hereby authorized to sale the vacant tract of land at 627 W. 10th Street, legally described as R40' OF LOT 11 & LOT 12 RES 7 RESV, to KCK Investments,LLC for the fair market value amount of$1,200.00,less the closing and brokerage fees. Section 5. That the final conveyance will be contingent upon closing and execute a Special Warranty Deed, in substantially the same form attached hereto as Exhibit"A". READ, ADOPTED AND APPROVED on this day of ,A.D., 2023, at a Council Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: AYES: Mayor: Councilmembers: NOES: Thurman Bill Bartie, Mayor ATTEST: Sherri Bellard, City Secretary APPROVED AS TO FORM: .g21 — 44-4t Valecia R(_zeno, City Attorney APPROVED FOR ADMINISTRATION: Ron Burton, City Manager EXHIBIT "A" (Special Warranty Deed) NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM THE INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. SPECIAL WARRANTY DEED Date: day of , 2023 Grantor: City of Port Arthur Mailing Address (including county): 444 4th Street Port Arthur, Texas 77641-1089 (Jefferson County) Grantee: KCK Investments, LLC Grantee's Mailing Address (including county): 1309 8th Street Port Arthur, Texas 77642 (Jefferson County) Consideration: $10.00 and other good and valuable consideration. Property(including any improvements): R40' OF LT 11 & LT 12 RES 7 RESV LOCATED IN THE CITY OF PORT ARTHUR AS PER MAP OR PLAT IN JEFFERSON COUNTY, TEXAS (PROPERTY ID: 95409) (GEOGRAPHIC ID: 055020-000-011200-00000) Reservations from and Exceptions to Conveyance and Warranty: 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 it to Grantee and Grantee's heirs, successors, and assigns forever. Grantor binds Grantor and Grantor's heirs and successors to warrant and forever defend all and singular the Property to Grantee and Grantee's heirs,successors,and assigns against every person whomsoever lawfully claiming or to claim the 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. Easements, rights-of-way, and prescriptive rights, whether of record or not; all presently recorded restrictions, reservations, covenants, conditions, oil and gas leases, mineral severances, and other instruments, other than liens and conveyances, that affect the property; rights of adjoining owners in any walls and fences situated on a common boundary; any discrepancies, conflicts, or shortages in area or boundary lines; any encroachments or overlapping of improvements; property taxes for prior years, the payment for which Grantee assumes; and subsequent assessments for that and prior years due to change in land usage, ownership, or both, the payment of which Grantee assumes; and navigational servitude asserted by any governmental authority. As a material part of the Consideration for this deed, Grantor and Grantee agree that Grantee is taking the Property"AS IS"with any and all latent and patent defects and that there is no warranty by Grantor that the Property has a particular financial value or is fit for a particular purpose. Grantee acknowledges and stipulates that Grantee is not relying on any representation, statement, or other assertion with respect to the Property condition but is relying on Grantee's examination of the Property. Grantee takes the Property with the express understanding and stipulation that there are no express or implied warranties except for limited warranties of title set forth in this deed. Grantor, for the consideration and subject to the reservations from and 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 wise belonging,to have and hold it to Grantee, Grantee's heirs, executors, administrators, successors, or assigns forever. Grantor binds Grantor and Grantor's heirs, executors, administrators, and successors to warrant and forever defend all and singular the property to Grantee and Grantee's heirs,executors,administrators,successors,and assigns against every person whomsoever lawfully claiming or to claim the same or any part thereof, except as to the reservations from and exceptions to conveyance and warranty, when the claim is by,through, or under Grantor but not otherwise. GRANTOR: CITY OF PORT ARTHUR Ronald Burton, City Manager STATE OF TEXAS § COUNTY OF JEFFERSON § This instrument was acknowledged before me on day of 2023 by Ronald Burton, City Manager of the City of Port Arthur, Texas. Notary Public, State of Texas AFTER RECORDING RETURN TO: City of Port Arthur Legal Department 444th Street Port Arthur,Texas 77641-1089 2