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for the sm~ off sixteen thousand six hun~.d tan dollars; subject to the <br />terms and conditions provided in Section <br /> ~ection }} Tha.t the ~yor be and he is hereby au~horisoa and di- <br />rected, on behal of t~e City of Lakewood, to enter into an agreement <br />with J, & Jo Property ~nagmnent Company, to purcha~ the following <br />described premises= <br /> <br />~ltusted in the City of !~_~e~oodp Co.llnt_y of_.C~ya~_og.a.~ ~ta~t_e of <br />Ohio, being part of Ori~nal ~oc~por~ ~'o~nan~Ps ~ec~on ~o, 22 <br />and beir~ ~ore l~lly described as follows: <br /> <br />the southwesterly corner o~ ~u~lo~ ass ~ v* Lakewood Realty <br />Pa~ 2~ of ~y~oga ~tY ~p <br /> <br />~hence from said place of begin~i~g, south along said easterly <br />line of Varren ~oad, $~ feet, <br />Thence east at l-l~ht ~es, ~2 feet to a point. <br />Thence north st right angles, 6~ feet to the sout~ line of ~aid <br />3ublot No. lf2 recorded as aforesaid. <br />Thence west along said southerly line, ~2 feet to the.~l?ce .of <br />beginning, be the same ~ore or less, but subject to ail legaz <br />hi~.h~ays, <br /> <br />for th~ sum off twenty one thousand seven hundred dollars; subject to the <br />terms and conditions provided in Section 6. <br /> ~ection $o That the n~reement for the purchase off said premises <br />shall contain the following prowisions$ <br /> That said premises shall be free and clear of all enc~brances, <br /> e~cept taxes .m}.d assessments for the year 19~8 and thereafter, <br /> and sonir~ ordinances, <br /> That the purchase pric~ stipulated shall be deposited ~ith the <br /> escro~ agent within thirty days after the Director of Finance~s <br /> certification of the a~ailability of the funds for the purchase <br /> <br />o£ the premises.. <br />The owners shall pay tho following charges and expensesl <br /> ABI Coat of title examination an~ fee title policy <br /> C) One-half the escro~ fee <br />That th~ City shall pay the following char~es and expeneesl 1o Cost off recording deed <br /> 2. O~e-half ~he escro~ fee <br /> The owners sh~l ffu~niah, at their own cost~ a fe~ title poli~cy <br /> in the amount of the purchase prices guaranteeing the City si <br /> L~kewood that title to said realty is free and clear of all en- <br /> cumbrances, except taxes and assessments fOr the ye~r 19~ and <br /> thereafter, and sonin~ ordinances~. <br /> Taxes shall be p~o-r~ted as of the date of transfer; owner~ shall <br /> pay' all ssSesmuents due on premisea,~ <br /> Possession o£ the pre,ieee shall be ~iven to the City on the date <br /> pro-rated as of the date of transfer~ <br /> <br /> <br />