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SECTION 1: That the Mayor and Director of Law be and are hereby authorized to <br />negotiate and enter into an agreement with the North Olmsted Board of Education for the <br />purchase of the following properties: <br />A. Chestnut Intermediate School located at 30395 Lorain Road, North Olmsted, <br />Ohio 44070, and identified in the records of the Fiscal Officer of the County of Cuyahoga, <br />Ohio, as Parcel Identification Nos. 234-15-004, 234-15-017, 234-15-088 and 234-16-004 <br />($1,550,000.00); and <br />B. Maple Intermediate School located at 24101 Maple Ridge Road, North <br />Olmsted, Ohio 44070, and identified in the records of the Fiscal Officer of the County of <br />Cuyahoga, Ohio, as Parcel Identification Nos. 231-21005, 231-21-022, 232-21-063 and 231- <br />23-030 ($680,000.00); and <br />C. Pine Intermediate School located at 4267 Dover Center Road, North Olmsted, <br />Ohio 44070, and identified in the records of the Fiscal Officer of the County of Cuyahoga, <br />Ohio, as Parcel Identification No. 232-23-132 ($1,100,000.00). <br />The purchase price shall be, collectively, Three Million Three Hundred Thirty <br />Thousand Dollars $3,330,000.00, based on and consistent with the Agreement attached as <br />Exhibit A. <br />SECTION 2: That the Agreement with the North Olmsted Board of Education shall <br />be in the form and substance as on file with the Department of Law, with such changes in <br />form and substance that are not substantially adverse to the City and which are approved by <br />the Director of Law. The character of the agreement as not being substantially adverse to the <br />City shall be evidenced conclusively by the execution of the agreement by the Mayor and the <br />approval of the contract by the Director of Law. <br />SECTION 3: That this Ordinance shall take effect and be in force from and after the <br />earliest period allowed by law upon its passage and approval by the Mayor. <br />PASSED: a4u / 7 0-Y <br />ATTEST: <br />BEATRICE TAY <br />Clerk of Council <br />APPROVED: <br />jjj�al <br />MAYOR NICO E DAILEY N S <br />2 <br />First Reading: Z/ ::� 3.6' <br />Second Reading: & -M <br />Third Reading: <br />Committee: (\. *ih ,1 a D <br />L6f!�IS J. BROSSARD <br />President of Council <br />APPROVED AS TO LEGAL FORM.- <br />Is/ Michael R. Gareau, Jr. yea: <br />MICHAEL R. GAREA U, JR. <br />Director of Law Noy: <br />Absent�"U,� <br />