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?xh• A <br />Zo03 . j ? <br />PURCHASE AGREEMENT <br />Falkner-Mayfield Village Closing Year 2005 Parcel Number 3 <br />u....w <br />This AGREEMENT is made and entered into this day of May 2003, between EDWARD R. <br />FALKNER, Trustee of the Edward R. Falkner Trust dated October 7, 1991, (hereinafter called "Seller") <br />and MAYFIELD VILLAGE (hereinafter called "Buyer"). <br />WHEREAS, the Buyer, Mayfield Viliage, is an Ohio Municipal corporation, located in the County <br />of Cuyahoga, State of Ohio, and is fully authorized to enter into this Agreement; and <br />WHEREAS, Seller agrees to sell to Buyer and Buyer agrees to purchase the following described <br />vacant real estate, located in the County of Cuyahoga, Village of Mayfield, and State of Ohio: <br />Permanent Parcel No. 831-013-005 also known as 710 S.O.M. Center Road and referred to as <br />Parcel 3 which shall be created pursuant to a lot split creating also Parcels 1, 2 and 4 all as designated <br />in the Site Sketch attached her.eto as Exhibit "A". <br />See the Legal Description as set forth in Exhibit "B" attached hereto and incorporated <br />herein by reference. <br />The terms of the Agreement are as follows: <br />1. PURCHASE PRICE. The Seller agrees to sell and Buyer agrees to purchase the real estate <br />described as Parcel 3 as set forth above for the sum of One Hundred and Forty Eight Thousand Four <br />Hundred and Fifty Eight Dollars ($148,458.00). <br />Such purchase shall be contingent upon Viflage Council's approval which shall be obtained no <br />later than sixty (60) days from the execution of this Agreement. This sale is intended to close on May 1, <br />2005. <br />2. CONDITIONS. This agreement shall be contingent on the execution of three additional <br />purchase agreements between the Seller and Buyer hereunder for land created by the lot split referred to <br />as Parcels 1, 2 and 4 which purchase agreements are attached hereto and incorporated herein as <br />Exhibits "E", "C" and "F". (There is no Exhibit D attached hereto). <br />3. THE PREMISES. The purchase price set forth above shall include all right, title and interest of <br />Seller in and to the real estate set forth above and referred to as Parcel 3 as designated in the Site <br />Sketch attached hereto as Exhibit "A".