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16-81 Amend option to purchase 11800 Detroit Ave
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16-81 Amend option to purchase 11800 Detroit Ave
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Last modified
5/14/2013 3:04:52 PM
Creation date
8/21/2003 8:09:39 AM
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Office Of Council
Document Type
Ordinances
Date
8/21/2003
Date Adopted
3/16/1981
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AMENDMENT <br /> <br /> TO <br /> <br />OPTION TO PURCHASE REAL ESTATE <br /> <br /> Pursuant to agreement of the parties herein, the option to purchase <br />real estate entered into by and between John DeFrasia and Frances D. DeFrasia, <br />as owners, and the City of Lakewood, a municipal corporation, concerning the <br />property located at 11800 Detroit Avenue, Lakewood, Ohio and entered into on <br />or about Sept. 17, 1981 shall be and the same is hereby amended as follows: <br /> <br />1) That Paragraph 2 of said Option now reading as follows: <br /> <br />2. EXPIRATION DATE This option shall expire at 12:00 p.m. noon on <br /> March 15, 1981. <br /> <br />shall be and the same is hereby amended to read as follows: <br /> <br />2. EXPIRATION DATE This option shall expire at 12:00 p.m. noon on <br /> September 15, 1981. <br /> <br />2) That Paragraph 5, Subsection 6) now reading as follows: <br /> <br />5. COVENANT BY OWNERS <br /> <br />6) <br /> <br />In the event the CITY exercises the option, OWNERS shall <br />be.entitled to retain possession of the premises until <br />September 1, 1981. <br /> <br />shall be and the same is hereby amended to read as follows: <br /> <br />5. COVENANT BY OWNERS <br /> <br />6) <br /> <br />In the event the CITY exercises the option, OWNERS shall <br />be entitled to retain possession of the premises until <br />March 1, 1982. <br /> <br />Signatures <br /> <br />EXHIBIT "A" <br /> <br /> <br />
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