P.A1 LEHAIA\ COMIvtI5510\ER, PCT. 1 T.H. "BUTCH" LACKEY CO\91115510\ER, PCT. 2 ~~4E OE. ~~y! F~ ~Y ire . i~~~' ;~~ ~~ ~~ ROBERT A. DENSON COUNTY JUDGE, KERR COUNTY r ~" r _; .. January 23, 1995 Mr. Ken Wilson Kerrville Ratite Ranch 2301 Sidney Baker North Kerrville, Tex:.s 78028 Re Dear Mr. Wilson: Flat Rock Lake Property GLENN K. HOLEKA>\1P COMMISSIONER, PCT. 3 BRUCE OEHLER COMMISSIONER, PCT. ~ This is to express the intent on the part of Kerr County to purchase from you the 47 acres located in the Flat Rock Lake area. Terms of the transaction shall be as follows: 1. Total sales price is $110,000.00. 2. The buyer may assume an approximate principal balance of $58,500.00 on the existing note as part of the purchase price. 3. The buyer will pay all of seller's customary closing costs including premium for an owners title insurance policy; attorney fees, if any, and survey costs, if any. 4. $10,000.00 earnest money will be deposited with Kerr County Abstract Co., Inc. on or before February 10, 1995, at which time it will be available to seller at his direction. 5. The transaction will close on or before April 1, 1995. 6. A standard earnest money contract will be signed by the parties on or before February 10, 1995. If this agreeable to you, please sign below and I'll have an earnest money contract prepared. Very truly yours, ~~ R ert A. Denson County Judge ACCEPTED THIS%3/~DAY OF ~9~n , 1995. KEN WILSON -ll~l ~1A1\ ~I I.f FT hFR[:~'IL1 E. TY ;7302N 1'H01E (210) 2;7-h711 i i N i 9 0 IA ~iq'r RocK tau ~ GVADgLUP~ RIVER