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HomeMy WebLinkAbout908 W MAIN ST____________ 908 W. MAIN ST. DO NOT REMOVE FROM CITY HALL DO NOT REMOVE FROM CITY HALL e LOT 6 F� N 86-55'39•' E v 125.00' G LOT 26 o � for v � � o0 0 cxe Dime t i TRACT 2 LOT 25 p 0.241. ACRES p sy LOT 6 N N v o o m oP.O.B. a ` o LOT zx LOT 9 TRACT 2 17 Yam. 1C, xaev'w'L- S 86°55'39" W ^• 125.00' re• waeY TRACT 1 N 86°55'39" E ^- 169.00• F- v v .v a � r II o xg � ti= LOi 11 tll v TRACT I j F 0.425 ACRES' BLOT 13 me Dxr�n d vwc(L q CWLD a,e LOT Ix ML AN Po. °N. x.C.D.R. I ' SK Mtl fxttT Tram D.aw w. DErAlL H=D,. xa wwwDln. ,..,.e1 W ° ONE STORY BRICK, AM 801ON BLOCK AND {� w . B $ � v� o �� o Add css aAetis Co LOi 1p LDT 11 LOT 11 LOT 13 LOT 16 LOT 19 910 WEST MAIN STREET 661 A.O.Y. N �. W E h W W 20 0 20 40 60 � a Scale: 1" = 20' U W XW9P IW. L MC UMD ,fMTI cl 11om 1v. x.rM:, 1sx � R�uo'ut inw 6 mL we.a nu,s,oe. awmm�, wwas r,wr. BEAR LAND 3201 N. HWY 146, UN[T A SURVEYING CO. PHONE •"%2a°jx"1iz,7e; 2 oD� x cD.axrz LEGEND iµ ��enwtl.. win 'wo`i�.nr. L� µn. wsnn.n M1me r+1°..Ima n.a .w,wpvxeua.ew. m x.nM vwH u.1 w q.1 S wM Of 2 w qN uwi. te4a.a e�°�'x... •x re+•xle. .AND BOUNDAU SIANEY Of 1 TRACK SffLUTEO IN THE JONNSON HUNTER 6URVLY, A-35, EAA105 COUNTY, BLOC Z. BEING A PORTION ME T OF BLOCK O OF TEE RESUBDMSON OF NOTE DES M TO S. AIYE'AR OF THE TOWN OF UPofliE. SEE ATTACHED FIELD NOTE DESCRIPTIONS. �._ �„- EXHIBIT "A" Form of Restriction Agreement Lvj:l•-, 0 vp amliagooll -��V��_a�-rz Oro T (Space Above For Recorder's Use Only) NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR ST MM ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY 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 STATE OF TEXAS § & RESTRICTION AGREEMENT COUNTY OF HARIS This RESTRICTION AGREEMENT ("Agreement") is made and entered into as of the Effective Date by and between the City of La Porte, a Texas home -rule municipality ("City"), and K. Belle Interests ("Developer"), a Texas limited liability company, acting by and through their respective authorized officers. RECITALS WHEREAS, as of the Effective Date, pursuant to the Purchase Agreement, Developer has purchased the Property from the LPDC; and WHEREAS, prior to or concurrent with the sale of the Property to Developer, LPDC purchased the Property from City pursuant to that certain Purchase and Sale Agreement effective May 14, 2012, between City and LPDC ("the City Contract's without City seeking sealed bids or conducting an auction prior to the sale of the Property to LPDC pursuant to the statutory exception to such requirements set forth in Texas Local Government Code §272.001(b)(4); and WHEREAS, as a condition of the sale of the Property to LPDC and pursuant to Texas Local Government Code §272.001(b)(4), the City Contract requires that LPDC have the Property redeveloped and used for the Required Use; and WHEREAS, LPDC has, as a condition of the conveyance of the Property to Developer, restricted the use of the Property and required Developer to develop the Property with the Improvements in accordance with the terms and conditions set forth herein; and WHEREAS, as a condition to and in consideration of the LPDC's conveyance of the Property to Developer, Developer has agreed to develop the Property in accordance with this Restriction Agreement; and ATTACHMENT I TO PURCHASE AND SALE AGREEMENT: CITY OF IA PORTE TO LA PORTE DEVELOPMENT CORPORATION - PAGE 1 WHEREAS, Developer desires to grant City an option to repurchase the Property in the event Developer fails to cause Commencement of Construction or Completion of Construction (hereinafter defined) of the Improvements in accordance this Restriction Agreement, subject to the terms and conditions hereafter set forth; NOW, THEREFORE, in consideration of the sum of TEN AND N0/100 DOLLARS ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, City and Developer hereby agree as follows: Article I Property Subject to Declaration The Property shall be owned, held, leased, transferred, sold, mortgaged and/or conveyed by Developer and any subsequent owners (as such term is hereinafter defined for the term specified in Section 5.21, subject to the terms of this Restriction Agreement. Article H Definitions For purposes of this Agreement, the following words and phrases shall have the following meanings unless the context clearly indicates a different meaning: "Developer" means K. Belle Interests, a Texas limited liability company. "City" shall mean the City of La Porte, a Texas a home rule municipality located in the County of Hams, State of Texas. "City Manager" shall mean the City Manager of City. "Commencement of Construction" shall mean (i) the plans have been prepared and all approvals thereof required by applicable governmental authorities have been obtained for construction of the Improvements, (ii) all necessary permits for the construction of the Improvements have been issued by the applicable governmental authorities and (iii) construction of the elements of the building elements of the Improvements has commenced. "Completion of Construction" shall mean (i) substantial completion of the Improvements on the Land has occurred, and (ii) a certificate of occupancy or final inspection has been issued by City for occupancy of the Improvements for the Required Use by Developer. "Effective Date" shall mean the date this Agreement is signed by all parties hereto. "LPDC" shall mean the La Porte Development Corporation, a Texas non-profit corporation. "Force Majeure" shall mean any contingency or cause beyond the reasonable control of a party including, without limitation, acts of God or the public enemy, war, riot, civil commotion, insurrection, by the order of a court resulting from any litigation brought by a third party to prevent or delay Developer' development, construction, or operation, City delay of permits or ATTACHMENT I TO PURCHASE AND SALE AGREEMENT: CITY OF rA PORTE TO I.A PORTE DEVELOPMENT CORPORATION - PAGE 2 other approvals, government or de facto governmental action (unless caused by acts of omissions of the party), pending referendum, fires, explosions or floods, strikes, slowdowns or work stoppages. Such extension shall be for a period equal to the actual length of such delay, together with any time reasonably required by Developer to re -mobilize for construction as a result of such delay. "Improvements" shall mean the structures located on the Property, inclusive of any materials, equipment, and fixtures incorporated into said structures by Developer as necessary to be able to use obtain a certificate of occupancy from City to occupy and use the Property for the Required Use. 'Propert}/' shall mean a A 0.1377 acre tract being all of Lots 21 and 22, Block 52, Town of LaPorte, Texas, Harris County; a 0.0975 acre tract being all of Lot 9, Block 52, Town of La Porte, Texas, Harris County; and a 0.1434 acre tract being all of Lots 7 and 8, Block 52, Town of LaPorte, Texas, Harris County "Option Period" shall mean that period of time commencing on closing of the purchase of the Land by Developer and ending on the earlier of (a) Completion of Construction or (b) seventy-two (72) months . "Option Price" shall mean the Purchase Price stated in the Purchase Agreement less all closing costs and expenses paid or incurred by LPDC pursuant to the Purchase and Sale Agreement and pursuant to the exercise of the Option. "Property" shall collectively mean the Property and any Improvements following construction thereof on the Property. "Purchase Agreement" shall mean that certain Purchase and Sale Agreement, as amended or assigned, by and between LPDC and Developer, effective May 14, 2012. "Required Use" shall mean the development and use of the Property for the purpose of operating a business enterprise that meets the City's economic development goals and is a permitted use under the zoning regulations applicable to the Property. Article III Option 3.1 Grant of Option. In consideration of TEN AND N0/100 DOLLARS ($10.00), in hand paid by City to Developer and other good and valuable consideration, the receipt and sufficiency of which is acknowledged by Developer, Developer hereby grants to City during the Option Period an option to repurchase the Property (the "Option"). 3.2 Time for Exercising Option. Subject to Section 3.3, below, the Option may be exercised by City in its sole discretion by providing written notice to Developer upon the occurrence of the following: (a) any time after twenty-four (24) months, if Developer has failed to cause ATTACHMENT I TO PURCHASE AND SALE AGREEMENT: CITY OF IA PORTE TO IA PORTE DEVELOPMENT CORPORATION -PAGE 3 Commencement of Construction of the Improvements to occur on the Property on or before that date, provided Commencement of Construction has in fact still not occurred on the date of the exercise of the Option; or (b) any time after sixty (60) months, but before the end of the Option Period, if Commencement of Construction has occurred, but Developer has failed to cause Completion of Construction by that date, provided Completion of Construction has in fact still not occurred on the date of the exercise of the Option. 3.3 Force Maieure. In the event of Force Majeure, Developer shall have such additional time to cause Commencement of Construction or Completion of Construction, as the case may be, so long as Developer is diligently and faithfully pursuing the same. The termination of the Option Period shall be extended for the same number days that the performance of Developer with respect to Commencement of Construction or Completion of Construction is extended by Force Majeure. .3.4 Sole Remedy. The City's sole and exclusive remedy for violation of the obligation of Developer for the Commencement of Construction of Construction and Completion of Construction shall be the exercise of the Option. Article IV Terms of Sale Upon Exercise of Option 4.1 Effect of Exercise of the Option. Upon any timely exercise of the Option by City in accordance with the foregoing provisions, the conveyance of the Property to be conveyed to City shall be in accordance with the provisions in this Article IV. 4.2. Title, Survey, and Environmental Reports. (a) Not later than the fifteenth (15th) business day after the exercise of the Option, Developer shall, at Developer' expense, deliver to City: (i) a current commitment for an Owner's Policy of Title Insurance from the Title Company for the portion of the Property to be conveyed to City, setting forth the state of title to the Property together with any easements or restrictions (existing or created pursuant hereto) benefiting or burdening the Property, together with all exceptions or conditions to such title; (u) legible copies of all documents referenced in the Title Commitment; (iii) any environmental studies or reports that Developer may have in its possession with respect to the Property; and, (iv) tax certificate(s) regarding the payment of ad valorem taxes for current and prior years. ATTACHNI ;Nr I TO PURCHASE AND SALE AGREEMENT: CITY OF LA PORTE TO LA PORTE DEVELOPMENT CORPORATION - PAGE 4 (b) Upon any exercise of the Option, City shall have the right, at its sole option, to cause a boundary or "as -built' survey of the Property to be made by a certified land surveyor selected by it. Such survey shall be made at the sole cost and expense of City. (c) City shall, not later than twenty (20) days after City's receipt of the last of the Survey and Title Commitment, notify Developer and Title Company of any objections to the Survey or Title Commitment. If there are objections by City, Developer shall in good faith attempt to satisfy them prior to Closing. If Developer delivers written notice to City not later than the tenth (10) calendar day after Developer' receipt of City's objections that Developer is unable to satisfy such objections, City may either waive such objections and accept title as Developer is able to convey or terminate the exercise of the Right by written notice to Developer and the Title Company. 4.3. Closine. (a) The closing of the sale of the Property identified in the notice exercising the Option shall occur not later than sixty (60) calendar days following the date of exercise of the Option unless otherwise extended by written agreement of Developer and City. (b) At the closing, Developer shall deliver to City: (i) a special warranty deed, in form and substance substantially similar to the form used to convey the Property to Developer pursuant to the Purchase Agreement, conveying good and indefeasible title to the Property described in the notice exercising the Option and/or the survey obtained by City (whichever is the most accurate description) to City, free and clear of any and all encumbrances except the Permitted Exceptions, save and except such oil, gas, and other minerals as may have been reserved by prior grantors; (ii) an owner's policy of title insurance (or equivalent) in the amount of the Purchase Price, insuring such title to City; and (iii) possession of the Property, free of parties in possession. (c) At closing, City shall pay in cash or by certified or cashier's check the Option Price described in Article H, less all Closing Costs and other costs and expenses to be paid by Developer pursuant to this Article. 4.4 Taxes. Ad valorem taxes, assessments, and any other charges against the Property and/or improvements conveyed to City pursuant to this Article IV shall be prorated as of the Closing Date for the current year, such that Developer will be responsible for all such items which accrue prior to the Closing Date, and City will be responsible for all such items which accrue on and after the Closing Date. Taxes and assessments for all prior years shall be paid by Developer. 4.5 Closine Costs. (a) Developer will pay and be responsible for the following closing cost: ATTACHMENT I TO PURCHASE AND SALE AGREEMENT: CITY OF IA PORTE TO IA PORTE DEVELOPMENT CORPORATION -PAGE 5 (i) the cost of all tax certificates relating to all taxes and other assessments incurred or arising in relation to the Land; (ii) all fees and premiums for Basic Owner's Title Policy, and any endorsements to the Basic Owner's Title Policy; (iii) one-half (%) of the Title Company's escrow fees; (iv) all recording fees; (v) all costs and expenses incurred by or on behalf of Developer, including Developer' attorney's fees; (vi) all costs related to obtaining any releases of liens on the portion of the Land conveyed relating to any loans secured by a deed of trust lien on said property; and (vii) such other incidental costs and fees customarily paid by sellers of real property in Harris County, Texas; for transactions of a similar nature to the transaction contemplated herein. (b) City hereby agrees to pay and be responsible for the following closing cost: (i) all fees and premiums for the Survey; (ii) one-half (%) of the Title Company's escrow fees; (iii) all costs and expenses incurred by or on behalf of City, including City's attorneys' fees; and (iv) such other incidental costs and fees customarily paid by purchasers of property in Harris County, Texas, for transactions of a similar nature to the transaction contemplated herein. 4.6. Permitted Exceptions. City acknowledges and agrees that the Property and improvements conveyed pursuant to this Article IV will be conveyed by Developer at closing subject only to such easements, conditions and restrictions as have been approved or deemed approved by City, including; (i) utility easements granted by subdivision plat or instrument subsequent to the purchase of the Property by Developer; and (ii) such other matters as City may waive. 4.7 Conveyance As Is. City acknowledges and agrees that the Property and/or improvements conveyed pursuant to this Article IV will be conveyed "AS IS" with all faults and defects, whether patent or latent, existing as of the Closing. Except with respect to the quality of the title being conveyed by Developer as set forth in the Special Warranty Deed, City acknowledges and agrees that Developer will be making no representations, warranties, guarantees, statements or information, express or implied, pertaining to the Property or improvements conveyed, their condition, or any other matters whatsoever, made to or furnished to City by Developer or any employee or agent of Developer, except as specifically set forth in this Restriction Agreement. ATTAC INCENr I TO PURCHASE AND SALE AGREEMENT: CITY OF LA FORTE TO LA FORTE DEVELOPMENT CORPORATION -PAGE 6 Article V Restrictions 5.1 Use of Property; Buildings. No portion of the Property shall be utilized for any use other than the Required Use. No building shall be constructed, reconstructed, erected, altered, or placed on any portion of the Property other than the Improvements or other structures that will be used in conformance with the Required Use. 5.2 Term of Restrictions. The restrictions set forth in Section 5.1, above, shall commence on the Effective Date and automatically terminate following the Completion of Construction of the Improvements. Article VI Miscellaneous 6.1 Enforcement. City shall have the right, but not the obligation, to enforce this Restriction Agreement and any covenants and restrictions contained herein, as the same may be amended as herein provided. Subject to the limitation set forth in Section 5.1, above, enforcement of the provisions set forth in Section 5.1 contained herein may be exercised after failure of any person or persons violating or attempting to violate any covenants or restrictions to cure such violation or breach within two (2) thirty (30) day notice periods after receipt of written notice thereof, by proceeding at law or in equity, against any person or persons violating or attempting to violate any covenants or restrictions, to restrain violation or to recover damages, and failure to enforce any covenant, restriction or condition shall not be deemed a waiver of the right of enforcement either with respect to the violation in question or any other violation. This Restriction Agreement is not intended to restrict the rights of the City Council of the City of La Porte to exercise its legislative duties and powers insofar as the Land is concerned. For further remedy, Developer, for itself, its successors, and assigns agrees that the City may withhold building permits, development approvals, certificates of occupancy and/or final inspection necessary for the lawful use of any portion of the Land not then in compliance with this Agreement. The City's right to repurchase the Land pursuant to the exercise of the Option as set forth in Articles III and W of this Restriction Agreement constitutes the City's sole and exclusive remedy for any failure by Developer to Commence Construction or Complete Construction of the Improvements on the Land. The rights of City under this Restriction Agreement may not be waived or released except pursuant to an amendment or termination approved in accordance with the provisions hereof, except by expiration of the Term. 6.2 Amendment. No amendment or any termination of this Restriction Agreement shall be effective unless and until approved by Developer and the City (as evidenced by a resolution of the City Council executed by the Mayor and recorded in the Official Public Records in the office of the Harris County Clerk); provided, however, the City may, without the consent of Developer, terminate and release the restrictions set forth in Section 5.1. In the event Developer, or subsequent owner of the Property desires to change, amend or alter the covenants, conditions or restrictions as set forth herein, Developer, or subsequent owner, as the case may be, shall file a written application for such change or amendment with City, which shall approve or deny such application in whole or in part within thirty (30) days after receipt of such application. Any change or amendment approved by the City shall not be effective unless and until an instrument ATTACHMENT I TO PURCHASE AND SALE AGREEMENT: CITY OF LA PORTE TO LA PORTE DEVELOPMENT CORPORATION -PAGE 7 executed by the Mayor is recorded in the Official Public Records in the office of the Harris County Clerk in accordance with this Section. 6.3 Notices. All notices, requests, demands or other communications required or permitted hereunder shall be in writing and shall be deemed to have been fully and completely made when given by hand, by confirmed facsimile transmission by overnight delivery by Federal Express or other reliable courier or the mailing of such by registered or certified mail, addressed as follows: If intended for City, to: City of La Porte Attn: City Manager 604 W. Fairmont Parkway LaPorte, Texas 77571 If intended for Developer: LaPorte, Texas 77571 With a copy to: Askins & Askins, P.C. Attn: Clark T. Askins P.O. Box 1218 La Porte, Texas 77572-1218 Any party may at any time and from time to time by notice in writing to the other party hereto change the name or address of the person to who notice is to be given as hereinbefore provided. 6.4 Successors and Assigns. This Restriction Agreement shall bind, and inure to the benefit of, the parties and their respective successors and assigns. 6.5 Governine Law. This Restriction Agreement is entered into and is intended to be performed in the State of Texas, and the validity, enforceability, interpretation and construction hereof shall be determined and governed by the laws (other than conflict of laws provisions) of the State of Texas. Venue for any action shall be in the state district court of Harris County, Texas. The parties agree to submit to the personal and subject matter jurisdiction of said court. 6.6 Recording. The parties agree that City may record this Restriction Agreement in the Official Public Records in the office of the Harris County Clerk. 6.7 Covenants Run with the Property. This Restriction Agreement and the restrictions, covenants, and conditions set forth herein are for the purpose of protecting the value and desirability of the Property as well as to carry out compliance with Tex. Loc. Govt. Code §272.001(a)(4), as amended, and, consequently, shall run with the Property and be binding on the Developer and all parties having all right, title, or interest in the Land, in whole or in part, and their heirs, successors and assigns. These covenants, conditions and restrictions shall be for the benefit of the City of La Porte, Texas. This Restriction Agreement is binding upon Developer and each and every subsequent owner, tenant, subtenant, licensee, manager, and occupant of all or any portion of the Property, but only during the term of such party's ownership, tenancy, license, management or occupancy of the Property, for which such party shall remain liable and shall be binding upon and inure to the benefit of the City and its ATTACHMENT I TO PURCHASE AND SALE AGREEMENT: CITY OF LA PORTE TO IA PORTE DEVELOPMENT CORPORATION - PAGE 8 successors and assigns. It is expressly understood and agreed that acceptance of title to all or a portion of the Property shall automatically, and without further acknowledgement or confirmation from the owner, constitute such owner's assumption of the obligations of Developer hereunder. 6.8 Severability. Invalidation of any one of these covenants, conditions, or restrictions by judgment or court order shall in no way affect any other provisions, and all other provisions shall remain in full force and effect. 6.9 Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof, and no statement, promise, representation or modification hereof by any person, if any, and whether oral or written, shall be binding upon any pail'- 6.10 Counterparts. This Agreement may be executed by the parties hereto in separate counterparts; each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument. Each counterpart may consist of a number of copies hereof each signed by less than all, but together signed by all of the parties hereto. (signatures on following pages) ATTACHAffM I TO PURCHASE AND SALE AGREEMENT: CITY OF LA PORTE TO LA PORTE DEVELOPMENT CORPORATION - PAGE 9 SIGNED AND AGREED on this -L5 a1 of 2012. City of La Porte, Te as, a Texas home rule municipality By: / /1l Steve 011ett, Interim City Manager Approved as to Form: By: 6(A(A City Attorney City's Acknowledgment STATE OF TEXAS COUNTY OF HARRIS Acknowledged before me, the undersigned authority, this 1-5 day of qy-A�, , 2012, by Steve Gillett, Interim City Manager for the City of La Porte, Wxas, a Texas home rule municipality, on behalf of such municipality. _ , 0-1- 1 oc —L�� 'Rotary Public, State of Texas My Commission expires: sluru+oNDoosoNaaErr MYCOMMISSMEXPIRES Fftiuy 1Z 2013 ATTACHMENT I TO PURCHASE AND SALE AGREEMENT: CITY OF LA PORTE TO LA PORTE DEVELOPMENT CORPORATION - PAGE 10 ECE" E JUN 2 12012 i BY:�_ SPECIAL WARRANTY DEED NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENT BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. Date: Grantor: Mailing Address Grantee: Mailing Address Consideration: Su/j ZI 2012 CITY OF LA PORTE DEVELOPMENT CORPORATION a Texas non-profit corporation 604 W. Fairmont Parkway, La Porte, TX 77571 APB PROPERTIES, LLC a Texas limited liability company 811 Bradford #1A, Kemah, TX 77565 Ten and No/100 Dollars ($10.00) cash and other good and valuable considerations Property (including any improvements): Tract 1: Lots 20 and 21, in Block 52, of TOWN OF LA PORTE, an addition in Harris County, Texas, according to the map or plat thereof recorded in Volume 57, Page 320 of the Deed Records of Harris County, Texas, SAVE LESS AND EXCEPT that portion of the above said lots (if any) and the interest therein, deeded to or condemned by governmental entities for the widening of West Main Street or for right of way purposes, and further described in instrument recorded in Volume 4569, Page 499 of the Deed Records of Harris County, Texas. Tract 2: Being a 0.241 acre tract or parcel of land situated in the Johnson Hunter Survey, Abstract No. 35, Harris County, Texas, and being all of Lots 7, 8 and 9 in Block 52 of the Resubdivision of Blocks 37 to 60 of the Town of La Porte, a subdivision according to the map or plat thereof recorded in Volume 67, Page 196 of the Deed Records of Harris County, Texas, more particularly described by metes and bounds on Exhibit "Al' attached hereto, incorporated by reference herein, and made a part hereof for all purposes, and as shown on a plat which is attached hereto as Exhibit "B", incorporated by reference herein, and made a part hereof for all purposes. ccp vc . JUN 2 12012 SUBJECT TO: 1) The Zoning Ordinance of the City of La Porte. 2) Protrusion of covered concrete over the boundary line along the south property line of Tract 2 as evidenced by survey dated October 21, 2011, prepared by James R. McClelland, Registered Professional Land Surveyor No. 4980. 3) Protrusion of asphalt over and along the boundary line along the west property line of Tract 2 as evidenced by survey dated October 21, 2011, prepared by James R. McClelland, Registered Professional Land Surveyor No. 4980. 4) That certain Restriction Agreement dated May 15, 2012, by and between the City of La Porte, a municipal corporation, and K. Belle Interests, LLC, a Texas limited liability company; thereafter assigned by K. Belle Interests, LLC, to APB Properties, LLC, as recorded under Harris County Clerk's File No. THIS PROPERTY IS HEREBY CONVEYED "AS IS", "WHERE IS" AND WITH ALL FAULTS AND GRANTOR MAKES NO REPRESENTATION OR WARRANTY WHATSOEVER WHETHER EXPRESSED, IMPLIED OR STATUTORY WITH RESPECT TO THE PROPERTY, THE AVAILABILITY OF UTILITIES, ACCESS OF THE PROPERTY TO PUBLIC ROADS, APPLIANCES OR THE CONDITION, ADEQUACY OR SUITABILITY OF THE PROPERTY FOR PURPOSES. GRANTEE AGREES THAT GRANTEE IS NOT RELYING ON ANY WARRANTY OR REPRESENTATIONS OF GRANTOR OR ANY AGENT, EMPLOYEE, REPRESENTATIVE, DIRECTOR OR OFFICER OF GRANTOR, AND THAT GRANTEE IS BUYING THE PROPERTY "AS IS", "WHERE IS", SUBJECT TO ALL FAULTS AND WITHOUT ANY EXPRESSED OR IMPLIED WARRANTIES OF ANY KIND, INCLUDING BUT NOT LIMITED TO, MATERIALS, WORKMANSHIP, GOOD AND WORKMANLIKE CONSTRUCTION, DESIGN, CONDITION, HABITABILITY, TENANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, MERCHANTABILITY OR THE ENVIRONMENTAL CONDITION OF THE PROPERTY AND THE PRESENCE OF OR CONTAMINATION BY HAZARDOUS MATERIALS AND GRANTOR HEREBY DISCLAIMS ANY SUCH WARRANTY. GRANTEE HAS DETERMINED ON GRANTEE'S BEHALF (I) THE PHYSICAL CONDITION OF THE PROPERTY AND THAT THERE IS NO DEFECT OR CONDITION WHICH IS UNACCEPTABLE TO GRANTEE, (II) WHETHER ANY PORTION OF THE PROPERTY LIES IN ANY FLOOD PLAIN, FLOOD WAY OR SPECIAL FLOOD HAZARD AREA, (III) WHETHER ANY GEOLOGICAL FAULT OR UNSATISFACTORY SOIL CONDITION EXISTS ON ANY PORTION OF THE PROPERTY, AND (IV) THAT ALL ENVIRONMENTAL CONDITIONS RELATING TO THE PROPERTY ARE ACCEPTABLE TO GRANTEE. GRANTEE ACKNOWLEDGES THAT GRANTOR MAY HAVE ACQUIRED TITLE TO THE PROPERTY BY FORECLOSURE, DEED IN LIEU THEREOF OR OTHER REALIZATION OF ITS LIEN OR SECURITY INTEREST IN THE PROPERTY. GRANTEE FURTHER ACKNOWLEDGES THAT GRANTOR HAS NOT OCCUPIED THE PROPERTY AND THEREFORE, THE PROPERTY MAY CONTAIN DEFECTS OR MAY BE IN NEED OF REPAIR. Pi Reservations from and Exception to Conveyance and Warranty: Taxes for the current year have been prorated and are assumed by Grantee. This conveyance is made subject to all and singular the restrictions, conditions, oil, gas, and other mineral reservations, easements, and covenants, if any, applicable to and enforceable against the above described property as reflected by the records of the county clerk of the aforesaid county. 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, by, through, or under Grantor but not otherwise, except as to the reservations from and exceptions to conveyance and warranty. CITY OF LA PORTE DEVELOPMENT CORPORATION By -- RICHARD WARREN, President :eVWFJORks Secretary U 0 APPP/RQV�D AS To FORM: f KNOX W. ASKINS City Attorney STATE OF TEXAS § COUNTY OF HARRIS § T This instrument was acknowledged before me on theL day of y u n L 2012, by RICHARD WARREN, President of the CITY OF LA PORTE DEVELOPMENT CORPORATION, a Texas non-profit corporation, on behalf of the corporation.. J14 tv Im- WWONMARRIS Notary Public, State of Texas My cwnww m Ey n Sepbmba 12,2013 AFTER RECORDING RETURN TO: PREPARED IN THE LAW OFFICE OF: ASKINS & ASKINS, P.C. ASKINS & ASKINS, P.C. P.O. Box 1212 P.O. Box 1218 La Porte, TX 77572-1218 La Porte, TX 77572-1218 C3 F.a ) NOTE DESCRIPTION TRACT 2 0241 ACRE Being a 0241 acre tract or parcel of land situated in the 3obmon Hunter Survey, Abstract No. 35, Harris County, Texas, and being all of Lots 7, S, and 9 in Block 52'of the Resubdivision of Blocks 37 to 60 of the Town of Laporte, a subdivision according to the map or plat thereof recorded in Volume 67 Page 196 of the Deed Records of Harris County, Texas, said 0.241' acre tract being more particularly described by metes and bounds as follows; BEGINNING at a "x" set in concrete on the existing east line of State highway 146, 300' RO- W and the west lime of said Block 52 for the southwest comer of said Lot 9, from which a found `'e bears S 14"06'24" E a distance of 1.81 feet, THENCE N 03°04'21" W, along the west line of said Block 52 and the east line of State Highway 146, a distance of 84.00 feet, to a 12" iron rod with plastic cap stamped "RPLS 4980" set for the northwest comer of said at 7 and the northwest comer of the herein described tract, firm which a found'/" iron rod beau S W50' l5" W a distance of 1.77 feet; THENCE N 8655'39" E, along the north line of said Lot 7, a distance of 125.00 feet to a 12" iron rod with plastic cap stamped "RPLS 4980" set for the northeast comer of said Lot 7 and the northeast comer of the herein described tract, from which a found VT iron with cap stamped "Survey 1" bears S 49"41'21" W a distance of 035 feet; THENCE S 03"04'231" E, along the west line of a 16 feet wide alley, a distance of 84.00 feet, to a 12" iron rod with plastic cap stamped "RPLS 4980" set for the southeast comer of said Lot 9 and the southeast comer of the heroin described pact, from which a found %" iron rod with cap stamped "Survey 1" bears S 45004'46" E a distance of 0.25 feet; THENCE S 86-55'39" W, along the south line of said Lot 9 and the north line of a 16 feet wide alley, a distance of 125.00 feet, to the POINT OF BEGINNING, containing a calculated area of 0241 acre of land. NOTE: This field note description is part of the plat of same date. The bearings shown hereon are referenced to State Plane Coordinate System, South Central Zone, NAD 83. McClellan Z.S. N0.4980 10-21-2011 Exhibit "All