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Res 1807 5/4/1976RESOLUTION NO. /4'7 RESOLUTION APPROVING AGREEMENT WITH HAVE FAITH ASSOCIATES AND WHITE STORES, INC. FOR ACQUISITION OF ADDITIONAL RIGHT-OF-WAY FOR WIDENING CALL FIELD ROAD. BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, TEXAS, THAT: That certain agreement, a copy of which is attached hereto, between the City of Wichita Falls, Have Faith Associates, and White Stores, Inc. , whereby the City will acquire additional right-of-way needed for widening of Call Field Road, is hereby approved, and the City Manager is authorized to execute the same for the City of Wichita Falls. PASSED AND APPROVED this the 4th day of May, 1976. 447 92 MAYOR 2.'15/ ATTEST: L4 .4Z• i/' ITY CLERK AGREEMENT This Agreement, made and entered into this day of 1976, by and between HAVE FAITH ASSOCIATES, a Trustee- ship, having its principal place of business at Suite 200, 12800 Hillcrest Road, Dallas , Texas (hereinafter called "Owner") , the CITY OF WICHITA FALLS, TEXAS, a municipal corporation, having its principal place of business at 1301 Sixth Street, Wichita Falls , Texas (hereinafter called "City") , and WHITE STORE$, INC. , a Delaware corporation , having its principal place of business at 3910 Call Field Road, Wichita Falls, Texas; WITNESSETH THAT: WHEREAS, Owner represents and warrants that it is the owner of the fee simple title to that certain real property, as outlined in red, on the survey attached hereto as Exhibit A, and as described by field notes at- tached hereto as Exhibit B and by this reference made a part hereof (herein- after called "Owner's property") ; and WHEREAS, White is the owner of all outstanding and issued stock of a wholly-owned subsidiary corporation which is the owner of the fee simple title to that certain real property, as outlined in blue on said Exhibit A (herein- after called "White's property") ; and WHEREAS, the City is proposing to widen the roadway, commonly known as Call Field Road, which lies between Owner's property and White's property; and WHEREAS , the parties hereto acknowledge that it is for their mutual benefit and in their interest to set forth their understanding of which por- tion of Owner's property and White's property, respectively, will be required by the City for the purposes of such widening, all as hereinafter provided; NOW THEREFORE, for and in consideration of Ten ($10.00) Dollars, the agreements herein contained, and other good and valuable considerations, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows : 1 . Owner hereby agrees to dedicate to City, for street purposes , Owner's property, together with any other property owned by Owner lying between Owner's Property and the present Call Field Road, within fifteen (15) days after request therefor by City, said dedication to be dated within said fifteen day period. City hereby agrees that Owner will not, in any way, be responsible for furnishing any title insurance and/or abstract of title in regard to Owner's property and that all obligations of Owner, including but not limited to those for real estate taxes, shall cease as of the date of said dedication. Owner hereby agrees to give possession of Owner's property to City on the date of said dedication. 2. Upon receipt of confirmation from City and Owner that the transaction provided for in Paragraph 1 hereof has occurred, White hereby agrees to deliver to Owner the sum of One Thousand ($1 ,000.00) Dollars as and for the pt'rchase price of Owner's property by City, and further agrees to have a survey of Owner's property made, with the legal description thereof shown hereon, and to furnish Owner with a copy thereof. 3. If it is necessary to relocate any utility lines located on Owner's property in order that they be clear of such widening, such relocation shall be without expense to White and Owner. The City further agrees that the acquisition of Owner's property hereunder shall not, in any way, place the remainder of any adjacent lands owned by Owner in violation of any zoning ordinance or regulation. 4. The City hereby agrees that none of the White's lands shall , in any way, be required for such widening, and further agrees that the grade of said roadway shall not be changed by such widening in a manner that would affect the ingress and egress to White's property or to the remainder of adjacent lands owned by Owner. 5. This agreement is performable in Wichita Falls , Texas. 6. In the event of default by any party hereto, any of the parties shall have the right to specific performance. 7. The parties hereto acknowledge that this agreement is the result of fair and prior negotiation of the parties , that there have been and are no representations, statements or promises made other than those contained herein, and that this agreement is the sole agreement between the parties. 2- IN WITNESS WHEREOF, this agreement has been duly executed on the day and year first above-written. HAVE FAITH ASSOCIATES By A. Robert Beer, Sole Trustee WITNESSES: THE CITY OF WICHITA FALLS, TEXAS By Gerald G. Fox, City Manager ATTEST: City Clerk WHITE STORES, INC. By Vice President ATTEST: Assistant Secretary The undersigned, as mortgagee of Owner's property, hereby consents to the execution and delivery of the foregoing Agreement. David Andrews W. S. McCasland 3- 7-1"---47- •1 I J 1 -I 1 1 ---1--1--T2 ! z. ,.• iii 1..j_.....7-..._.___t___,...._ „•. . „. ... I Zi. ..1. .1 •i.,1' I ; I 1 ;. .. . . . . . .. ,sa. 1 I . i , 1 , ! i• I 'I:„.1 4,71-.,-„s.---i .1;, ,:i L , i ,; I i . ,.:;'•;-41:' ,,, eIiei ,.,,! .,, , , , i•i ' 1 . ; . ; :,.--,.1. •,.''' , ,, 11, t • III__ ..'!, I !I • ': 1 ; ' I , ' - 1';' " 1 1. lig ,. :,.0c-, 4 -I, , , „ 1fr-:-,',, I, . I 11 •I I. ''"'CI.... . ! .111:' 'J;IL1.1 i.1.. ! I Ii'12-0 1,,I, ': I '..,.j_. I ...I i! I 1 !:-I;•-•1--'i. I 61 -ti i 5'''...ii IiIii?::1LI.itil !'![: I..',: ..:I. . '.. ..,1:).1'. 11;',In!.. ii.1:1 LI,:.:1 i:. .,..4. oil,...,. .... - It^ 6°'„ Ii:I.' '..• i[EII'l'.H .: T`!. l ' ' j!Ili 1!;1)1. 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I , • :a,...- 1r1 ' ' ,L" 1 I 1-.A1-;•"1--;, .: ' .-'' ; c-.---3 v i , I I,. : , - 1 t'; , ... r: . ! . .. . .. ... :... !! ._ _ . - -•,. .:: cl;i ! 1 . ; : EXHIBIT B Field Notes for Owner's Property Being 0.0655 acres of land, more or less, out of and a part of a tract of land in Block 9, Faith Village Unit I , Addition to the City of Wichita Falls; said tract of land being the same land described in a deed from W. David Andrews and J. V. McCasland to A. Robert Beer, Trustee (Have Faith Associates) dated July 30, 1974, recorded in Volume 1162, Page 687, Deed Records of Wichita County, Texas ; said 0.0655 acre tract of land being more particularly described by metes and bounds as follows : BEGINNING at the Northwest corner of said Block 9, said corner being in the South line of Midwestern Parkway (Call Field Road) and 175.02 feet S 89°56'03" E of the intersection of the East line of Gossett Drive and the South line of Midwestern Parkway; said point also being 30.00 feet right: of proposed base line Station 67 + 63.43; THENCE S 89°56'03" E a distance of 434.90 feet along the North line of Block 9 to a point of angle; THENCE S 81°36'45" E a distance of 257.30 feet along the North line of Block 9 to a point in the West line of Rhea Road; THENCE S 08°21 '06" W a distance of 3.50 feet along the West line of Rhea Road to a point that is 30 feet right of proposed baseline Station 74 + 58. 19; THENCE N 81°42' 16" W along a line 30 feet from and parallel to the center- line of Midwestern Parkway a distance of 121 .20 feet to the point of be- ginning of a curve to the left ; THENCE Northwesterly along said curve whose radius is 1879.86 feet a dis- tance of 270.02 feet; THENCE N89°56'03" W along a line that is 34 feet from and parallel to the centerline of Midwestern Parkway a distance of 93.43 feet to the point of beginning of a curve to the right ; THENCE Northwesterly along said curve whose radius is 4929.00 feet a dis- tance of 140.85 feet to the end of the curve to the right and the point of beginning of a curve to the left , the tangent to said curves at the point of reverse bears N 88°17'50" W; THENCE Northwesterly along said curve to the left whose radius is 4869.00 feet a distance of 65.69 feet to a point in the West line of said Block 9; the bearing of the tangent to the curve at said point being N 89°04' 12" W; THENCE N 00°48' W along the West line of Block 9 a distance of 0.55 feet to the place of beginning, containing 0.0655 acres, more or less.