ESBD_472987_1764174834820_RFO01-SREO-26-264 WTAMU Sale of Property - Request for Offer.pdf

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RFO-01-SREO-26-264

REQUEST FOR OFFER

PURCHASE OF PROPERTY

The Texas A&M University System (“A&M System”) is seeking offers through this Request for Offer (RFO) for the purchase of the property containing approximately 3.5 acres in Randall County, Texas. The purpose of this announcement is to describe the property and to outline the process that will be followed for the sale. Details of the process appear below.

I. THE PROPERTY

LOCATION:

The Property is located on the east side of Highway 87 frontage road at Buffalo Stadium Rd, Canyon, Randall County, Texas. See the aerial maps attached as Exhibit A.

LEGAL DESCRIPTION:

The Property is approximately 3.5-acre tract of vacant land located on the east side of Highway 87 frontage road at Buffalo Stadium Rd, Canyon, Randall County, Texas and being more particularly described as: 3.495 acres of land, (a called 3.5 acres) more or less, being a part of the Southwest Quarter of Section No. 1, in Block 1, TT RR CO Survey, A-534, Certificate No. 49, and being further described by metes and bounds, being the same property conveyed by R. W. Elliston and wife, Mrs. Jewel E. Elliston to L.S. Johnston, dated 3/2/1954, recorded in Volume 166, Page 211, Deed Records of Randall County, Texas.. The Property is further identified as Potter-Randal County Appraisal District Property ID: 116337, and zoned SF-A Single Family Agricultural Residential. All oil, gas, and other minerals, all geothermal energy and associated resources, and all groundwater or other subsurface water of any kind or nature in, under, or from the property are reserved by the A&M System and will not be included in the sale.

PHYSICAL DESCRIPTION AND INFORMATION:

The property has frontage on Highway 87.

Please see the Potter-Randall Appraisal District tax account parcel ID #: 116337 attached as Exhibit B.

According to the City’s zoning map, the property is currently zoned SF-A Single Family Agricultural Residential.

The zoning map webpage link is attached as Exhibit D.

A&M System makes no, and specifically disclaims any and all, representations and warranties, express or implied, in respect to the accuracy or completeness of the information contained in Exhibits A, B, and D. Each offeror must verify the information contained therein, conduct its own investigation and analysis and bear all risk for any inaccuracies reflected therein.

Each offeror should independently determine the applicability and impact of these matters on the future use of the property, the availability of utilities to the site, and the physical and legal access to the site. The A&M System will only sell the property on an “AS IS, WHERE IS” basis, “WITH ANY AND ALL FAULTS.” A&M SYSTEM MAKES NO REPRESENTATIONS OR WARRANTY WHATSOEVER, EXPRESS OR IMPLIED, EXCEPT AS EXPRESSLY SET FORTH IN THE SPECIAL WARRANTY DEED, NOR IS ANY EMPLOYEE OR AGENT OF A&M SYSTEM AUTHORIZED TO MAKE ANY REPRESENTATION OR WARRANTY, AS TO THE QUALITY OR CONDITION OF THE PROPERTY, MERCHANTABILITY, SUITABILITY OR FITNESS OF THE PROPERTY FOR ANY USE

WHATSOEVER, KNOWN OR UNKNOWN TO A&M SYSTEM, OR COMPLIANCE WITH ANY ENVIRONMENTAL

PROTECTION, POLLUTION, OR LAND USE LAWS, RULES, REGULATIONS, ORDERS, OR REQUIREMENTS INCLUDING, BUT NOT LIMITED TO, THOSE PERTAINING TO THE HANDLING, GENERATING, TREATING, Page | 2

STORING, OR DISPOSING OF ANY HAZARDOUS WASTE OR SUBSTANCE. IN NO EVENT SHALL A&M SYSTEM BE RESPONSIBLE OR LIABLE FOR LATENT OR PATENT DEFECTS OR FAULTS, IF ANY, IN THE PROPERTY, OR FOR REMEDYING OR REPAIRING THE SAME INCLUDING, WITHOUT LIMITATION, DEFECTS RELATED TO ASBESTOS OR ASBESTOS CONTAINING MATERIALS, UNDERGROUND STORAGE TANKS OR HAZARDOUS OR TOXIC MATERIALS, CHEMICALS OR WASTE, OR FOR CONSTRUCTING OR REPAIRING ANY STREETS, UTILITIES OR OTHER IMPROVEMENTS SHOWN ON ANY PLAT OF THE PROPERTY. BY CLOSING THE PURCHASE AND SALE, THE PURCHASER WARRANTS THAT THE PURCHASER HAS FULLY INSPECTED THE PROPERTY, IS FULLY SATISFIED WITH THE SAME IN ALL RESPECTS “AS IS, WHERE IS, WITH ANY AND ALL FAULTS,” IS NOT RELYING ON ANY REPRESENTATION OR WARRANTY OF A&M SYSTEM, EXCEPT THE WARRANTY OF TITLE CONTAINED IN THE SPECIAL WARRANTY DEED, AND ACCEPTS ANY LIABILITIES OR COSTS ARISING IN CONNECTION WITH THE CONDITION OF THE PROPERTY, INCLUDING BUT NOT LIMITED TO ANY COSTS OR LIABILITIES PERTAINING TO ANY ZONING, ARCHAEOLOGICAL OR ENVIRONMENTAL CONDITION ON THE PROPERTY.

II. RFO PROCESS

The RFO process will be administered by The Texas A&M University System - Office of Procurement & Business Services. All inquiries regarding this RFO should be directed to:

Jeff Zimmermann, Executive Director Procurement and Business Services soprocurement@tamus.edu

The following criteria are required for each offer. Offers that do not comply with these guidelines may be rejected, at the sole option of the A&M System.

1. The A&M System will not finance any portion of the sale.

2. The property is being offered in its current “AS IS” condition with all defects.

3. Offers must be submitted on the enclosed form of Purchase Offer attached as Exhibit C and each offer should include the information in the “Guidelines for Offer” stated below. Please note that these guidelines are intended as an outline only and are not a full and complete listing of all terms and conditions that are to be included in the contract of sale.

4. The offer submission must be emailed to soprocurement@tamus.edu by the date and time specified below with the subject line “RFO01 SREO-26-264 – Sale of Property – West Texas A&M.”

5. If the sale is subject to a zoning change, the offer must include a description of the zoning classifications sought, and an estimate of the amount of time needed to secure the necessary approvals.

6. Important Dates and Deadlines:

November 26, 2025 Request for Offer issued and available on the Electronic State Business Daily (ESBD) at https://www.txsmartbuy.gov/esbd

January 7, 2026 Offers in response to this RFO will be accepted until 2:00 p.m., Central Time and must be submitted via email to soprocurement@tamus.edu.

Any changes to this timeline or this RFO will be posted to the ESBD on an addendum.

7. After the submission deadline, A&M System will review all offers for completeness and adherence to the terms of this request for offers. At the sole discretion of the A&M System, incomplete submissions may either be rejected or returned to the offeror for prompt completion and resubmission. Based on the final submission, each offer will be evaluated. At this phase of the process, the A&M System mailto:soprocurement@tamus.edu mailto:soprocurement@tamus.edu https://www.txsmartbuy.gov/esbd mailto:realestate@utsystem.edu

Page | 3 reserves the right, but shall have no obligation, to enter into negotiations with one or more offerors regarding the offer and to request evidence satisfactory to A&M System of an offeror’s financial ability to purchase the property for the amount stated in the offer before the A&M System determines whether or not to accept an offer. If, after such review and negotiation, the A&M System elects to accept an offer, it will draft a Real Estate Contract and notify the selected offeror. The purchaser will have five (5) business days after that notice and receipt of the Real Estate Contract to sign the Real Estate Contract and deposit the required earnest money and any independent contract consideration with the title company.

III. GUIDELINES FOR SUBMITTING AN OFFER

1. The required earnest money of at least $10,000 must be deposited in full by the purchaser with the Title Company (as defined in the Real Estate Contract) within five (5) business days of notice and receipt of the Real Estate Contract per the deadline stated above.

2. The A&M System will not pay a sales commission on this transaction.

3. The A&M System will provide at closing, at its expense, a standard Form T-1 Texas Owner Policy of Title Insurance in the amount of the purchase price. Any endorsements to the title policy will be the sole expense of the purchaser.

4. The A&M System shall have no obligation to furnish any survey of the Property to any offeror or purchaser. If purchaser obtains a new survey of the Property, purchaser shall provide a copy of the new survey to A&M System within 3 business days of purchaser’s receipt of the new survey.

5. The A&M System reserves the right to require evidence satisfactory to the A&M System of an offeror’s financial ability to purchase the property for the amount stated in the offer before the A&M System determines which offer, if any, to select. An offeror who fails to promptly supply evidence of financial ability may be disqualified at the option and sole discretion of the A&M System.

6. Offeror should include a statement of its intended use of the Property should its offer be selected.

7. THE A&M SYSTEM RESERVES THE RIGHT TO REJECT ANY AND ALL OFFERS IN ITS SOLE DISCRETION.

THE A&M SYSTEM SHALL HAVE THE RIGHT TO DISCONTINUE THE OFFER PROCESS AT ANY TIME PRIOR TO EXECUTION OF THE REAL ESTATE CONTRACT, AND THE A&M SYSTEM SHALL HAVE NO OBLIGATION TO NOTIFY ANY OFFEROR OF SUCH DISCONTINUATION. THE A&M SYSTEM RESERVES THE RIGHT TO SELL THE PROPERTY TO ANY THIRD PARTY AND ON ANY TERMS ACCEPTABLE TO THE A&M SYSTEM

AFTER DISCONTINUANCE OF THE OFFER PROCESS WITHOUT NOTICE TO THE OFFERORS.

8. ANY OFFER PRESENTED TO THE A&M SYSTEM MUST BE BASED ON THE OFFEROR’S OWN

INVESTIGATION AND NOT ON ANY STATEMENTS MADE BY THE A&M SYSTEM OR ANY OF ITS

EMPLOYEES OR AGENTS. THE A&M SYSTEM MAKES NO REPRESENTATIONS OR WARRANTIES

WHATSOEVER WITH RESPECT TO THE PROPERTY OR THE INFORMATION SET FORTH HEREIN

(INCLUDING THE INFORMATION ATTACHED HERETO).

9. THE PROPERTY IS SUBJECT TO WITHDRAWAL FROM THE MARKET AT ANYTIME FOR ANY OR NO

REASON.

10. Offers will be reviewed and evaluated to determine whether the A&M System wishes to obtain additional information from or negotiate with any offeror. The A&M System reserves the right to terminate this request for offers, re-solicit offers, and reject any or all offers. In addition, the A&M System reserves the right to waive formalities, procedural requirements, minor technical inconsistencies, or any requirements in this request for offers when deemed to be in the A&M System’s

Page | 4 best interest. The A&M System reserves the right to enter into negotiations with one or more offerors.

11. By submitting an offer, the offeror acknowledges and agrees that (1) this request for offers is a solicitation for offers and is not a contract or an offer to contract; (2) the submission of an offer in response to this request for offers will not create a contract between the offeror and the A&M System;

(3) the A&M System has made no representation , written or oral, that a contract will be issued under this request for offers; and (4) the offeror shall bear, as its sole risk and responsibility, any cost that arises from its preparation of an offer and any costs associated with the clarification or negotiation of its offer.

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Exhibit A – Aerial Maps

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Exhibit B – Potter-Randall Appraisal District Account Information

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Exhibit C – Purchase Offer

LEGAL DESCRIPTION OF THE PROPERTY:

The Property is approximately 3.5-acre tract of vacant land located on the east side of Highway 87 frontage road at Buffalo Stadium Rd, Canyon, Randall County, Texas and being more particularly described as: 3.495 acres of land, (a called 3.5 acres) more or less, being a part of the Southwest Quarter of Section No. 1, in Block 1, TT RR CO Survey, A-534, Certificate No. 49, and being further described by metes and bounds, being the same property conveyed by R. W. Elliston and wife, Mrs. Jewel E. Elliston to L.S. Johnston, dated 3/2/1954, recorded in Volume 166, Page 211, Deed Records of Randall County, Texas.. The Property is further identified as Potter- Randal County Appraisal District Property ID: 116337, and zoned SF-A Single Family Agricultural Residential. All oil, gas, and other minerals, all geothermal energy and associated resources, and all groundwater or other subsurface water of any kind or nature in, under, or from the property are reserved by the A&M System and will not be included in the sale.

PURCHASER’S LEGAL NAME:

PURCHASER’S ENTITY TYPE AND STATE OF FORMATION:

PURCHASER’S MAILING ADDRESS:

PURCHASE PRICE:

EARNEST MONEY (minimum $10,000):

ADDITIONAL CONSIDERATION (if any):

INTENDED USE OF THE PROPERTY:

TYPE OF FINANCING:

EVIDENCE OF FINANCIAL ABILITY TO PURCHASE:

ZONING CHANGE SOUGHT (Yes/No?):

If yes, include a description of the zoning classifications sought and an estimate of the amount of time needed to secure the necessary approvals:

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Exhibit D – City Zoning Map Website Link https://www.canyontx.gov/1761/Zoning-Map https://www.canyontx.gov/1761/Zoning-Map