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FED. PRO` N0. I-480-3(3) `~ STATE JOwO . 12378 (0) County Lor/Cuy District IR-480 Sec. 25.00/1.00 Parcel No. 135 X Perm. Pcl. No. 234-27-66 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 Narth 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 One Hundred, and no/100 Dollars ($100.00) which total sum to be paid the Owners pursuant to this contract shall constitute the entire compensation for the easement 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 assess- ments, 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 to be pro-rated on an estima~~ed 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 assessments levied and assessed against said real property that have been certified to th e County Auditor, if any. 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, as- sessments, etc. are discharged, shall be refunded to Owners. 2. Owners agree to sell and convey, upon the fulfillment of all the obligations and terms of this Agreement, to sai d Purchaser, its successors and assigns, the easement described in Exhibit A attached hereto, which Exhibit A is incorporated herein and made a part hereof as if fully rewritten herein, (the "easement") . 3. Owners further agree to convey the easement as herein set forth, subject to all zoning restrictions and utility easements of record. 4. Owners also agree that they will not change the exist- ing character of the land. In the event any damage, change, alteration, or destruction occurs to said real property resulting from any cause whatsoever, prior to the actual conveyance to the Purchaser, the Owners agree to restore it to the condition it was in at the time of the execution of this Agreement by the Owners, or to accept the purchase price consideration, herein- above stated, less the cost of such restoration. In case the Owners refuse to restore it to the condition it was in at the time of the execution of this Agreement by the Owners, or to 12 Exhibit 1