2022-062 Ordinance - Laserfiche WebLink

Home Browse Search

SQUIRR DRAh'1116/4910/2032 AGREE.NIEN'I OF PUR(HASE AND SALF Ibis Agreement of Purchau and Sale f"Agt'eemeni') is nada eficctive the day of 2022, by and between the Huard of Education of Forth OlnI,tell (in sic IIII, t DI itIet. Olno, an Ohio puhlic :choral district and political arbdiNiston orpaniced pursumn to the laws of the Stalc A Ohio (the "Seller' I, and the Cih1 of North Olmsted, Ohio, an Ohio chartered muu icipal corporation and political suhdI�Ii Inn nrgauiled pururant at the C0H StItaton and lawn of the State of Ohio (the "Purchaser'). W I'I' V i:Sti 1'Ili: W I I I I R I AS, ItIc Railer is the owner of certain real property which is the propuio, known a., 101`1111 Ill enmntarV School located al '_8963 'Tudor [)rise, North Olmsted ()hio 4d070, and identified in the records oftile k cal Off icer of the ('ounn of (.uyahopn. Ohio. as Parcel Identification Nos. 213-'-G 13-"6-06;and 2st-26-00s- which real propsri� is comprised of approximate[_)' 11.05 acres as more particularly deccrlhed in Fshibit .A titleorest Property'I: and W11@RI'AN. the Seller is also the ownerof certain real property which n the property known ary s Spruce I haricniaSchool located a '8 III 1911 Mackevie Road, North Olmsted, (Ihio 44070, and tdenittie(f in the records of the Fiscal Officer of the Counts of Cuyahoga, Ohio, as Procel dentificiawn N, o, 114-27-064 and '_34-27-066, which real propertc is comprised of appros inttely 12.14 acres as more p ILICU ally docribod in Exhibit Hittite --Spruce Property and together with the Porest Property, the-Propert}' ): and W I P -R I, INS. pm'suam to Section 331341(() of the Revised (-ode, the Sal lei has determined m sell the propertc to the Purchaser and the Purchaser has determined to huN the Prupert} front the Seiler on the terms and conditions act Ihrth in rhL, Agreement; NOW -"Il IEREIfORL, the Purchasar and the Sellet agree its fbllow,c I. Recitals. The recitals are hereby incorporated by refermtee as though fully set htrlh and ecwntten in this Agreement, and the alt,innmive statements made in the recitals arc herehv ratified and confirmed. Prnpcity. the Purchaser agrees to buy and the tieller agrees to salL fur the consideration provided for in ArOce 3 and upon the terms and subject to the Conditions sct forth in this Agreement, the Property together with ail structures. Iixtures and Improvements thereon and all casements. rights-prisilega. hercdltamcnts .and appurtenances belonging thereunto. 1 ( onsidetatu n for Salc, the purohasC price to he paid by the Purchasr to Itre Seller for the Pioputt shall be the Sam of Four Million Dollars (S4,00(i,000). 1 he purchase price shall he paid by Purchaser at ('fusing in cash, hank or Cashier's cheek, or wire transler_ after taking into consideration enc deposit and adjustments for elosmg costs and prorations as specified in this Agiccment. An} deptuit made h} the Purchaser shall he refunded to Purchaser if this Aucement I, terrinwed in accordance with Articles 4 or 6 or it the C'o,me finds to occur as a result of the Sellers default Seller shall main the deposit it the Agreement is terminated titr am other reason. FJ(HIBR