77-172 Ordinance - Laserfiche WebLink

Home Browse Search

~~_ FED. PROJ.w I-480-3(3) STATE JOB Nt. 12378(0) County Lor/Cuy District 12 IR-480 Sec. 25.00/0.00 Parcel No. 135 WL Perm. Pcl. No. 234-27-66 234-22-2 CONTRACT FOR SALE AND PURCHASE This Agreement, entered into on the below date by and between The Board of Education of the North Olmsted City School District and the City of North Olmsted, hereinafter called the Owners, and the State of Ohio, hereinafter called the Purchaser: WITNESSETH: In consideration of the mutual promises, agreements, and covenants herein contained: 1. Purchaser promises and agrees to pay to said Owners the total sum of Twenty-Four Thousand, Nine Hundred, and no/100 Dollars ($24,900.00) which total sum to be paid the Owners pursuant to this contract shall constitute the entire compensa- tion for the real property to be conveyed; for damages to any residual lands of the Owners and for Owners' covenants herein. It is understood and agreed that the Owners are responsible for all delinquent taxes and assessments, if any, including penalties and interest; and all other real estate taxes and assessments which are a lien on the closing date, if any, (the current year's taxes t~ be pro-rated on an estimated basis to the date of closing or date specified herein for surrender of possession, whichever date is the later); and all further installments of special assess- ments levied and assessed against said real property, whether these special assessments have or have not been certified to the County Auditor for collection, provided those installments are a lien on said real property at the date of transfer. The Purchaser may withhold in escrow a sufficient amount of the purchase money to satisfy the above items, if any, and the balance remaining after such taxes, assessments, etc. are discharged, shall be refunded to the Owners . 2. Owners agree to sell and convey, upon the fulfillment of all the obligations and terms of this Agreement, by a good and sufficient deed of general warranty of title to said Purchaser, its successors and assigns, the real property described in Exhibit A attached hereto, which Exhibit A is incorporated herein and made apart hereof as if fully rewritten herein, in fee simple, (the "real property") , together with all appurtenances and hereditaments thereunto belonging and with all improvements now located thereon and all fixtures of every nature now attached to or used with said land and improvements . 3. Owners further agree to release to said Purchaser, its succesors and assigns, any and all abutter's rights, in- cluding access rights, appurtenant to any remaining lands of which the above-described real property now forms a part, in, over, from, and to the real property. 4. Owners further agree to convey said real property as herein set forth warranting marketable title to the real property, subject to all zoning restrictions and utility easements of record. Exhibit 1