40-01 Purchase Property Detroit & Hird

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WHEREAS, pursuant to OrdinanCe No. adopted by City Council on October ., 2001, Lakewood City Council authorized the purchase of the subject property. NOW, THEREFORE, for good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged, Eugene Erhardt and the City do hereby agree as follows: In consideration of Two Hundred Fifty Thousand Dollars ($250,000.00) and other valuable consideration received to its full satisfaction from the City, Eugene Erhardt will execute a General Warranty Deed conveying said parcel to the City, herein described as follows: The property (PP# 312-33-017) located at 11726-28 Detroit AVenue and 1385-87 Hird Avenue, Lakewood, Ohio and known as being parts of Sublots Nos. 39, 40 and 62 in Lapham and I-Iird's Subdivision of part of 'Original Rockport Township Section No. 21, as shown by the recorded plat in Volume 30 of Maps, Page'24 of Cuyahoga CoUnty Records and together forming a parcel of land bounded and described as follows: Beginning on the Northerly line of Detroit Avenue at a point 44 feet Easterly measured along said Northerly line, from its point of intersection with the Easterly line of Hird Avenue, thence Northerly on a line aprallel to said Easterly line of I-Iird Avenue, 138.22 feet to a point,.68.71 feet Southerly from said Northerly line of Sublot No, 30; thence Westerly on a line parallel to said Northerly line of Sublot No. 39, about 2,45 feet to the Southwesterly comer of a parcel of land conveyed to Lewis C. Reidy and Katherine M. Reidy by deed dated JUly 22, 1950, and recorded in Volume 7053, Page 38 of Cuyahoga County Records; thence Northerly along the Easterly line of land so conveyed, 0.60 feet to a Northeasterly comer thereof; thence Westerly along a Northerly line of land so conveyed to Lewis C. Reidy and Katherine M. Reidy, 38.06 feet to'an angle therein; thence Northerly along an Easterly line of land so conveyed 1.20 feet to an angle therein; thence Westerly along a Northerly line of land so conveyed, 3.20 feet to the Easterly line of I-Iird Avenue; thence Northerly along said Easterly line of Hird Avenue 91.61 feet to a point 15.31 feet Southerly from the Northwesterly comer of said Sublot No. 62, thence Easterly on a line parallel to the Northerly line of said Sublot No. 62, 119.41 feet; thence Southerly on a line parallel to said Easterly line of Hird Avenue, 131 feet; thence Westerly on a line parallel to the Northerly line of said Sublot No. 40, 31.97 feet, thence Southerly on a line parallel to said Easterly line of I-Iird Avenue, 105.64 feet to the NOrtherly line of Detroit Avenue; thence Westerly along said Northerly line of Detroit Avenue, 44 feet to the place of beginning, be the same more or less but subject to all legal highways. 2