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PURCHASE AGREEMENT <br /> <br />THIS AGREEMENT made and concluded at Lakewood, Ohio this <br /> <br /> ~ay of , 198 , by and between <br /> · hereinafter referred to as <br /> a Municipal <br /> <br />I~"Seller(s)" and the City of Lakewood, Ohio, <br /> <br /> Corporation, hereinafter referred 'to as "Purchaser". <br /> <br />W X TN ES SETH: <br /> <br /> WHEREAS· <br />Ordinance No. <br />property located <br /> <br />at <br /> <br />the <br /> <br /> Purchaser by authority of duly enacted <br />is desirous of purchasing a part of the <br /> <br /> Clifton Prado, Lakewood, Ohio, <br /> <br />owned by the Seller(s)· and <br /> <br /> WHEREAS, the purchase of said property is pursuant to a <br />Community Development Block Grant Progam to enhance the Lakewood <br />Clifton Prado Project, and <br /> <br /> WHEREAS, pursuant to the requirement of the various <br />governmental authorities, an appraisal of the property was <br />conducted and a just compensation and fair market value has been <br />determined, and <br /> <br />WHEREAS, <br /> <br />pay the just <br />aforementioned, <br /> <br /> NOW, <br /> <br />the Purchaser is ready, <br /> <br />compensation in exchange <br /> <br />promises· <br /> <br />willing and able to <br />for the property <br /> <br /> THEREFORE, for and in consideration of the mutual <br />covenants and agreements of the parties hereto as <br /> <br /> receipt <br /> party, <br /> <br />herein set forth and other valuable consideration, the <br />and sufficiency of which are hereby acknowledged by each <br />the.parties hereto hereby agree as follows: <br /> <br /> 1. Seller(s) agrees to sell to Purchaser and Purchaser <br />liagrees purchase from Seller(s) upon the terms and conditions <br /> to <br /> <br /> set forth herein, a part of the real property located at <br /> <br />Clifton Prado, Lakewood, Ohio, and further described as follows: <br /> <br />(Legal Description) <br /> <br /> <br />