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Ord 20-2014 5/6/2014ORDINANCE NO. 20-2014 Ordinance authorizing the sale of excess City owned property consisting of 0.30 acres located at 3800 Call Field Road to WF Call Field, LLC in the amount of $260,520 WHEREAS, the City Council finds that the City complied with all prerequisites to lawfully receiving bids and conveying the property (the “Property”) described in the attached Survey, Field Notes and Assignment at the aforementioned address, to WF Call Field, LLC, as provided by relevant portions of Texas Local Gov’t Code §§ 253.001, 253.008, and/or 272.001; WHEREAS, the City received two bids for the Property, but the original high bidder withdrew its bid on August 19, 2013; WHEREAS, Integrated Ventures, LLC originally submitted the second highest bid, and assigned its rights to the prospective buyer, WF Call Field, LLC, and WF Call Field, LLC, assignee of rights of second low bidder, increased its second low bid to $260,520; and WHEREAS, the City Council finds that the sale of the property located at 3800 Call Field Road to WF Call Field, LLC, assignee of Integrated Ventures, LLC, in the amount of $260,520, complies with all requirements of Texas Local Gov’t Code §§ 253.001, 253.008, and/or 272.001. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: 1. In consideration of the receipt of $260,520, the City Council authorizes the sale of 0.30 acres located at 3800 Call Field Road, as described in the attached Survey and Field Notes and depicted as “Subject Tract” in the attached Survey and Aerial Map, to WF Call Field LLC., subject to the attached Restrictive Covenants, which were described in the Notice for Bids. 2. The City Manager is authorized to execute all documents necessary to complete the aforementioned sale and conveyance to WF Call Field, LLC., assignee pursuant to the attached Assignment, subject to the covenants described in the Restrictive Covenants, in a form to be approved by the City Attorney. PASSED AND APPROVED this the 6th day of May, 2014. ______________________________ M A Y O R ATTEST: ____________________ City Clerk Survey Field Notes Restrictive Covenants Restrictive Covenants – 3800 Call Field Road On July 21, 2011, the City of Wichita Falls obtained certain property described as Lot No. One, Block No. One, Tompkins Addition to the City of Wichita Falls, Wichita County, Texas, according to the Plat of Records in Volume 26, Page 41, Wichita County Plat (Strategic Property). This property was obtained in order to construct the Rhea Road/Lawrence Road Roadway Project (Project). The purpose of this Project was to build an improved roadway intersection for the benefit of the public at Call Field, Rhea and Lawrence Roads. The Conveyed Land constitutes a portion of this Strategic Property coupled with a portion of what was Lawrence Road prior to Project, the remainder of such real properties (Remainder Property) will benefit from this restrictive covenant. The following restrictive covenant benefits the Remainder Property in that it will increase vehicular safety while reducing visual obstructions, clutter, and visual noise to members of the public that utilize the Remainder Property on and around Lawrence Road. The restrictive covenant will additionally benefit all properties by ensuring that all allowable signage will be for on-premise uses and will not be diminished by competition from large off-premises advertising and signage. It is understood and agreed that this conveyance is made and accepted, and the realty is granted, on and subject to the following covenants, conditions, and other restrictions: 1. No billboard of any kind shall be built, placed, or erected on the Conveyed Land. This restriction is in addition to any other restrictions stated elsewhere in this instrument. 2. Conveyed Land shall be used for commercial purposes only. Residential uses of any kind are prohibited. 3. The primary building materials used to construct the façade of all structures built upon Conveyed Land shall be brick, stone, or stucco. Structures do not include sidewalks or parking lots. 4. Structures built on any portion of Conveyed Land shall be at least 3,200 sq. ft. A structure that extends onto adjoining land may meet the minimum square footage requirement by utilizing structure’s area on the adjoining land. All restrictions set forth in this instrument will apply to and run with the conveyed land, and all successive future owners and occupants will be similarly bound by, and will have the same right to invoke and enforce, the restrictions applicable to this conveyance as the original parties to this instrument. Additionally, it is expressly acknowledged that the City of Wichita Falls, as the owner of all or a portion of the Remainder Property that benefits from this restrictive covenant, shall have the right to invoke and enforce the restrictions applicable to this conveyance. ASSIGNMENT This ASSIGNMENT (“Assignment”) is made effective this _____ day of April, 2014, by and between Integrated Ventures, LLC, a Texas limited liability company (“Assignor”), and WF Call Field, LLC, a Texas limited liability company (“Assignee”). RECITALS Assignor assigns its rights to purchase 3800 Call Field Road, Wichita Falls, Wichita County, Texas (“Property”), being more particularly described in the attached Exhibit “A” pursuant to its rights as the second successful high bidder, in that the high bidder forfeited the rights to purchase Property. Therefore, in consideration of Ten and No/100 ($10.00) Dollars and other valuable consideration, the receipt and sufficiency of which Assignor acknowledges, Assignor does hereby Assign, Transfer and Deliver to Assignee all of Assignor’s rights to purchase Property, and all of the rights, benefits and privileges of the Purchaser thereunder. Assignor states that no other assignment by Assignor exists in connection with the Property or Assigned Rights. Assignee assumes all liability, obligations, and duties to perform and to discharge any and all obligations of Assignor arising and being related to purchase of Property. Assignee agrees to indemnify, protect, defend and hold Assignor harmless from and against any and all liabilities, losses, costs, damages and expenses (including reasonable attorneys’ fees) directly or indirectly arising out of or related to any breach or default in Assignee’s obligations hereunder. All of the covenants, terms and conditions set forth herein shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, successors, assigns, and legal representatives. This Assignment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. ASSIGNOR ASSIGNEE Integrated Ventures, LLC WF Call Field, LLC A Texas limited liability company A Texas limited liability company By: ________________________ By: ________________________ Chris Baker, Manager Chris Baker, Manager Aerial Map Subject Tract