R-3408-7-16RESOLUTION NO. 3408-7-16(R)
' A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, AUTHORIZING A COMMERICIAL CONTRACT OF SALE FOR
THE PURCHASE OF 14.Ot ACRES OF LAND LOCATED IN THE JAMISON MCBAIN
SURVEY, ABSTRACT NO. 491, CITY OF ALLEN, TEXAS; AUTHORIZING
PAYMENT OF FUNDS, NEGOTIATION AND EXECUTION OF OTHER
DOCUMENTS, AND OTHER ACTIONS NECESSARY TO CLOSE ON SAID
PURCHASE; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, City Administration has negotiated Commercial Contract of Sale ("the Contract") with the owner
of 30.0 acres of land located in the Jamison McBain Survey, Abstract No. 491, City of Allen, Collin County,
Texas, commonly known as the "Molsen Farms" property, to purchase 14.Of acres of said property subject to the
owner of the property also entering into an agreement with the Allen Independent School District ("AISD")
purchasing the remaining 16.Of acres of the property; and,
WHEREAS, the AISD Board of Trustees has approved an agreement to purchase the remaining 16.Ot acre
portion of the Property; and,
WHEREAS, upon full review and consideration of the Contract and all matters related thereto, the City Council
of the City of Allen finds that the terms and conditions of the Contract me found to be acceptable and in the best
interests of the City of Allen and its citizens.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALLEN,
' COLLIN COUNTY, TEXAS, THAT:
SECTION 1. The City Manager, or designee, is hereby authorized to sign on behalf of the City, the Contract
with Molsen Farms Real Estate, Ltd. to purchase the real property described in Exhibit "A," attached hereto and
incorporated herein by reference, ("the Property") for a purchase price of $2,333.333.34, plus such additional
closing costs as may be required in accordance with the Contract.
SECTION 2. The City Manager, or designee, is hereby further authorized to take, authorize, or consent to such
further actions necessary to close on the purchase of the Property including, but not limited to, authorizingpayment
of the purchase price, closing costs, and other expenses from funds currently available as buyer that the City, as
buyer, is obligated to pay pursuant to the Contact.
SECTION 3. This Resolution shall take effect immediately from and after its passage.
DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, ON THIS THE 26TH DAY OF JULY 2016.
APPRO D:
Stephen' emq MAYOR
,ATMST:
Shelley B. George, TRM , CITY CRETARY
oblMI/16-77943)
EXHIBIT "A"
DESCRIPTION OF PROPERTY
' MOLSEN FARM
14.000 ACRE TRACT
BEING A 14.000 ACRE PARCEL OF LAND OUT OF THE MCBAIN JAMESON SURVEY, ABSTRACT
NO. 491, BEING OUT OF A TRACT OF LAND AS DEEDED TO MOLSEN FARMS REAL ESTATE LTD.
(CALLED TRACT "A"), AS RECORDED IN VOLUME 4578, PAGE 0004 OF THE DEED RECORDS
OF COLLIN COUNTY, TEXAS (DRCCI),
COMMENCING FOR REFERENCE at a PK nail set in asphalt for the northwest comer of said Molsen
Famts tract, being the northeast comer of a tract of land as deeded to Allen Parks Foundation, and being on
the south line of Texet Addition, an addition to the City of Allen as recorded in Cabinet C, Page 582,
DRCCT;
THENCE South 01°30'01" West, with the west line of said Molsen Fames tract, being the east line of said
Allen Parks Foundation tract, a distance of 906.41 feet to the POINT OF BEGINNING;
THENCE South 87026'28" East, departing said common line and crossing said Molsen Farms tract, a
distance of 514.14 feet to a point on the west line of the Right of Way for State Highway No. 5 (Greenville
Avenue);
THENCE with the east line of said Molsen Fames tract, being the west line of said Right of Way, the
following twelve courses and distances:
' 1. South 31053'05" West, a distance of 345.96 feet to a TxDOT Monument found to mark the point;
2. North 58006'55" West, a distance of 5.00 feet to a point from which a TxDOT Monument bears North
5058'31" West, 2.04 feet;
3 South 31053'05" West, a distance of 150.00 feet to a TxDOT Monument found to mark the point;
4. North 58006'55" West, a distance of 5.00 feet to a TxDOT Monument found to mark the point;
5. South 31053'05" West, a distance of 250.00 feet to a TxDOT Monument found to mark the point;
6. South 58006'55" East, a distance of 5.00 feet to a TxDOT Monumem found to mark the point;
7. South 31053'05" West, a distance of 150.00 feet to a TxDOT Monument found to mark the point;
8. South 58006'55" East, a distance of 5.00 feet to a TxDOT Monument found to mark the point;
9. South 31053'05" West, a distance of 187.00 feet to a TxDOT Monument found to mark the point;
10. South 58006'55" East, a distance of 4.08 feet to a TxDOT Monument found to mark the point;
11. South 31053'43" West, a distance of 73.72 feet to a half inch iron rod set to mark the point;
12. South 35039'04" West, a distance of 315.28 feet to a half inch von rod set to mark the point, said point
being the southeast comer of said Molsen Farms tract, and being the northeast corner of sard Allen Parks
Foundation tract;
THENCE North 46055'43" West, departing said Right of Way line with the line common to said Molsen
Farms tract and said Allen Parks Foundation tract, (said line being called the "100 year inundation line'), a
distance of 74.75 feet to a half inch iron rod set to mark the point;
THENCE North 69°38'27" West, a distance of 96.75 feet to a half inch iron rod set to mark the point;
THENCE South 77015'09" West, a distance of 122.20 feet to a half inch iron rod set to mark the point;
' THENCE North 75033'04" West, a distance of 88.16 feet to a half inch iron rod set to mark the point;
THENCE North 65152120" West, a distance of 80.98 feet to a half inch iron rod set to mark the point;
Resolution No. 3408-7-16(R), Page 2
THENCE North 61128'47" West, a distance of 46.59 feet to a half inch iron rod set to mark the point, said
point being the southwest corner of the parcel herein described and being an interior ell comer of said Allen
Parks Foundation tract;
THENCE North 35°36'42" Fast, with the west line of said Molsen Fanns tract, being the east line of said
Allen Parks Foundation tract, a distance of 1270.60 feet to a half inch iron rod set to mark the point;
THENCE North 01030101" East, continue with said common line, a distance of 95.41 feet to the POINT OF
BEGINNING, and containing 14.000 acres of land.
Resolution No. 3408-7-16(R), Page 3