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REAL ESTATE PURCHASE AGREEMENT <br />THIS REAL ESTATE PURCHASE AGREEMENT (this "Agreement") is made and <br />entered into this ? day of September, 2010, (the "Effective Date") by and between the THE <br />BOARD OF TRUSTEES OF THE CUYAHOGA COUNTY PUBLIC LIBRARY ("Buyer" <br />or "Library") and MAYFIELD VILLAGE, an Ohio municipal corporation ("Seller" or <br />"Village"). Buyer and Seller may be referred to hereafter collectively as the "Parties" or <br />individually as a "Party". <br />RECITALS: <br />A. Buyer's Board of Trustees has reviewed sites for the construction of new library <br />facilities in Cuyahoga County in furtherance of its mission to be at the center of community life <br />by providing an environment where reading, lifelong learning and civic engagement thrive. <br />B. Buyer wishes to acquire a five (5) acre parcel located on SOM Center Road north <br />of Highland Road and all appurtenances, hereditaments, rights, privileges and easements <br />belonging or in any way appertaining thereto; such land is depicted on Exhibit A, attached <br />hereto and by this reference made a part hereof (the "Property"), and Seller wishes to donate the <br />Property to Buyer to spur economic development and community development on the Property <br />and economic stimulus in the Village. <br />C. Buyer will construct and operate an approximately 30,000 square foot library <br />building (the "Facility") upon the Property, and commits to working with the Village on <br />incorporating the Property into the Village Greenway Corridor Master Plan. <br />D. Seller wishes to acquire two (2) residential properties from Buyer located at 6120 <br />and 6128 Wilson Mills Road, Mayfield Village, Ohio (the "Residential Property") and Buyer <br />wishes to convey the Residential Property to Seller. <br />WITNESSETH: <br />For and in consideration of the mutual covenants and agreements herein contained, and <br />other good and valuable consideration, the adequacy, sufficiency, and receipt of which are <br />hereby acknowledged, and intending to be legally bound hereby, the Parties hereto agree as <br />follows: <br />1. Agreement to Donate.Seller shall donate, convey and assign to Buyer, and Buyer <br />shall take and accept from Seller all of Seller's right, title, and interest in and to the Property. <br />Buyer shall convey, and Seller shall acquire, take and accept from Buyer all of Buyer's right, <br />title and interest in and to the Residential Property. <br />474370 v OS \ 122504.0011