HomeMy WebLinkAboutKingsbury, Laverne & June Purchase and Sale Agreement - 2001 11 16PURCHASE AND SALE AGREEMENT
THIS PURCHASE AND SALE AGREEMENT (hereinafter "Agreement") is entered into by and
between CITY OF WINTER SPRINGS, a Florida municipal corporation, whose address is 1126 East
State Road 434, Winter Springs, FL 32708, (hereinafter "Buyer"), and LAVERNE W. KINGSBURY and
JUNE L. KINGSBURY, husband and wife, whose address is 150 Tuskawilla Rd. Winter Springs, FL
(hereinafter "Seller").
WITNESSETH:
WHEREAS, Seller is the owner of real property (hereinafter "Property") situate and being in
Seminole County, Florida, and legally described as follows:
SEE EXHIBIT "A" ATTACHED HERETO
WHEREAS, Buyer desires to purchase the Properly from Seller;
NOW, THEREFORE, in consideration of the mutual covenants, representations, warranties and
agreements herein contained, and in consideration of the sums to be deposited or paid as contemplated by
this Agreement, Seller agrees to sell and Buyer agrees to buy the Property upon the following terms and
conditions:
1. PROPERTY AND APPURTENANCES: The Properly, as more particularly described
herein above, is vacant land with a fence, concrete apron, entry gate and mailbox on the Property. The
Property will be sold to Buyer by Seller and Buyer, at Buyer's expense, will relocate Seller's concrete apron,
entry gate and mailbox within 60 days of closing at a location designated by Seller. Within 60 days of
closing, Buyer will relocate the fence to the Seller's new property line resulting from this transaction. Buyer
acknowledges that animal remains may exist on the Property which Buyer may leave in place, remove or bury
at its discretion.
To the extent the same exist on the Effective Date and are transferable, the Property shall
be deemed to include all licenses, permits, orders, authorizations and other governmental permissions of all
governmental authorities having jurisdiction thereof (whether federal, state or local) owned or held by Seller
which appertain or relate to the Property and which are transferrable or assignable.
2. PURCHASE PRICE AND METHOD OF PAYMENT: The purchase price of the
Property (hereinafter "Purchase Price") shall be NINE THOUSAND TWO HUNDRED AND 00/100
($9,200.00) Dollars. The Purchase Price shall be payable in cash, cashier's check, attorney's trust check
drawn on a reputable financial institution, or by wire transfer through the Federal Reserve System, at Closing
as hereinafter defined.
3. FEASIBILITY DETERMINATION: Buyer shall have thirty (30) days from the Effective
Date herein to determine the feasibility of Buyer's purchase of the Property . During the thirty (30) day
Feasibility Determination Period, Buyer may undertake, at Buyer's expense, such physical inspections, tests
and other investigations as may be deemed necessary by the Buyer in order for Buyer to evaluate the
feasibility of the Buyer's purchase of the Property . For purposes of undertaking physical inspections, tests
or investigations of the Property ,Seller hereby grants to Buyer, their agents, and professionals engaged by
Buyer, the right to enter upon the Property and any part thereof during the Feasibility Determination Period.
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Said right of entry is conditioned upon (a) the Buyer giving Seller reasonable notice, (b) such entry being
during normal business hours, and (c) such presence shall not disrupt normal business operations. The
presence on the Property of such personnel shall only be for the purpose of conducting such inspections, tests
or investigations, and no other personal activity shall be permitted. Any alterations or changes to the
Property that are a direct result of the inspecting, testing and investigations will be repaired and replaced by
Buyer if a closing does not occur. To the extent permitted by law, Buyer shall indemnify Seller against any
loss or damages to the Property arising out, of or in connection with, any inspection, testing or investigation
performed by Buyer on the Property. The Buyer's indemnification of the Seller will not include any loss or
damage due to pre-existing conditions, problems or deficiencies of the Property that are discovered through
the inspection, testing and investigation authorized herein. The decision as to whether it is feasible to
purchase the Property shall be at the sole discretion of the Buyer. If the Buyer determines that it is not
feasible to purchase the Property, then Buyer may terminate this Agreement without penalty. This provision
shall not affect any other rights of the Buyer under this Agreement including, but not limited to the right to
inspect the title of the Property.
4. TITLE EVIDENCE: Within five (5) days after the Effective Date, as hereinafter defined,
Buyer shall, at Buyer's expense, obtain a Title Insurance Commitment (hereinafter "Commitment") issued
by a company (hereinafter "Company") reasonably acceptable to Buyer and/or Buyer's Counsel, with the fee
owner's title insurance policy premium to be paid by Buyer. The Commitment shall commit the Company
to issue to Buyer, upon recording of the deed conveying title to the Property to Buyer, a fee owner's policy
of title insurance, (ALTA Owner's Policy 10-17-92, Florida Modified), in the amount of the Purchase Price
of the Property, subject only to those exceptions reasonably acceptable to Buyer's Counsel and the so called
standard exceptions contained in the standard ALTA Form of owner's title insurance commitment. The
Commitment shall provide that the applicable standard exceptions will be deleted by the Company upon the
furnishing of an ownership and lien affidavit in form required by Company (and Seller agrees to furnish such
Affidavit as part of the Closing). Buyer shall have five (5) days from the date of their receipt of the
Commitment to examine the same and to notify Seller in writing specifying any defects or reasonable
objections to Seller's title. Seller shall have twenty (20) days to remove such defects or reasonable
objections, but without obligation to bring suits therefor, and if Seller is unsuccessful in removing same by
Closing, Buyer shall have only the options of (a) waiving such defects or reasonable objections and accepting
title as is, or (b) terminating this Agreement and obtaining a refund of the Deposit (together with any interest
earned thereon).
Seller agrees that it will, if title defects or objections are raised by Buyer, use diligent and
best efforts to correct such defects or objections to title within the time period provided therefor.
5. RESTRICTIONS, EASEMENTS AND LIMITATIONS. The Buyer shall take title
subject to: zoning, restrictions, prohibitions and other requirements imposed by governmental authority,
restrictions and matters appearing on the plat or otherwise common to the subdivision, public utility
easements of record, taxes for subsequent years; provided none of the same prevent use of the Property for
Buyer's governmental purposes.
6. SURVEY: Buyer, at Buyer's expense, within the Feasibility Determination Period, may
have the Property surveyed and certified by a registered Florida surveyor. If survey shows encroachment
on the Property or that improvements located on the Property encroach on set back lines, easements, lands
ofothers or violate any restrictions, covenants or applicable government regulation, the same shall constitute
a title defect, and shall be handled in accordance with Paragraph 4 of this Agreement.
I'agc 2
7. SELLER REPRESENTATIONS: Seller hereby represents to Buyer to the best of their
knowledge and belief as follows:
(a) That Seller has good, marketable, and indefeasible title to, and is in possession of, the
Property, free and clear of all liens, security interests and encumbrances, excluding only those (i)
which will be satisfied and released at Closing, (ii) to which the Buyer's title shall be subject as
otherwise provided in this Agreement, (iii) liens for taxes not yet due and payable, and (iv)
statutory liens not yet delinquent.
(b) That there are no facts known to Seller materially affecting the value of the Property
which are not readily observable by Buyer or which have not been disclosed to Buyer.
(c) That there is no condemnation, eminent domain, zoning or other land use proceeding
instituted, or to the best of Seller's knowledge, planned to be instituted, that could detrimentally
affect the Property, any part thereof or the use thereof.
(d) That there is ingress and egress to the Property sufficient for its current use.
(e) That there is no litigation or proceeding pending or threatened against or relating to the
Property arising by, through or under Seller, and Seller does not know or have reasonable grounds
to know of any basis for such action, nor are there any special assessments of any nature with respect
to the Property or any portion thereof, nor has Seller received any notice of any special assessment
being contemplated.
(f) That Seller has full power and authority to enter into and perform this Agreement in
accordance with its terms, and the completion of this transaction will not violate any law, regulation
or agreement affecting Seller.
(g) That there are no: (i) pending litigation or disputes involving the location of the
boundaries of any part of the Property; and/or (ii) physical interruptions or obstructions to physical
access to any part of the Property.
(h) That there are no hazardous materials located on the Property, as the term "hazardous
materials" is defined by federal and state law. This paragraph shall survive closing.
8. POSSESSION: Seller shall deliver possession of the Properly to Buyer at the time of
Closing.
9. CLOSING:
(a) Closing Date: The closing of this Agreement, and the transfer of title and possession
of the Property, shall occur within thirty (30) days ofthe Effective Date (hereinafter "Closing Date")
unless otherwise extended by the terms herein. Closing shall be held in the county where the
Property is located at the office of the attorney or other closing agent designated by Buyer.
(b) Conveyance: Seller shall convey to Buyer marketable title to the Property by Statutory
Warranty Deed; title to the tangible personal property by Bill of Sale; and transfer of licenses,
permits, orders, authorizations and other governmental permissions by Assignment.
Pagc 3
(c) Documents For Closine: Buyer shall furnish the Closing Documents including, but not
limited to, the Deed, Bill of Sale, Assignments, Ownership and Lien Affidavit, Certificate ofNon-
Foreign Status, satisfaction and release of liens or mortgages, and Closing Statement.
(d) Allocation of Expenses: Buyer shall be responsible for atl closing costs unless except
as otherwise provided for in the Agreement.
(e) No Prorations: Real property taxes, special assessments and ad valorem taxes for the
year of closing and for prior years shall be paid by Seller. This paragraph shall survive closing.
(f) FIRPTA Acknowledgment: At Closing, the Seller shall execute and deliver to Buyer
two (2) original counterparts of the Certification of Non-Foreign Status in form reasonably
satisfactory to Buyer. In the event (a) Seller does not so execute and deliver to Buyer such
Certification ofNon-Foreign Status, or (b) such Certification ofNon-Foreign Status in not fully and
properly completed and executed as of the Closing Date, or (c) Buyer is not entitled to rely upon
such Certification, then, in any of such events, Buyer shall withhold ten percent (10%) of the
Purchase Price and pay the withheld amount to the Internal Revenue Service pursuant to Internal
Revenue Code Section 1445. Any amount thus withheld by Buyers shall be deemed to have been
paid by Buyer in cash at Closing as part of Buyer's obligation to pay the Purchase Price hereunder.
(g) Ownership and Lien Affidavit: Seller shall furnish to Buyer at the time of closing an
affidavit attesting to the absence, unless otherwise provided for herein, of any Notices to Owner or
Claims of Lien of potential lienors known to Seller and further attesting to the unquestioned
ownership by Seller of the Property and further attesting that there have been no improvements to
the Property for 90 days immediately preceding the Closing Date for which payment has not been
made in full, or for which payment has not been secured or provided for, all in form acceptable to
Buyer and Company. If Property has been improved or repaired within 90 days immediately
preceding the Closing Date, Seller shall deliver releases or waivers of construction liens executed
by all general contractors, subcontractors, suppliers, and materialmen in addition to Seller's lien
affidavit setting forth the names of all such general contractors, subcontractors, suppliers and
materialmen and further affirming that all charges for improvements or repairs which could serve
as a basis for a construction lien or a claim for damages have been paid or will be paid at closing of
this Agreement.
(h) Proceeds of Sale and Closing Procedure: Upon clearance of funds, the deed of
conveyance and other closing documents (hereinafter "Closing Documents"), each duly executed,
shall be delivered to the Company or authorized agent of Company. Following examination by the
Company or its agent of the public records of Seminole County, Florida, from the effective date of
the Commitment up to Closing Date (hereinafter "Gap Period") and delivery to Buyer of the
Commitment marked in order to show compliance with all conditions of Closing and marked to
insure the Gap Period, the net sales proceeds shall be promptly disbursed to Seller by Company or
the authorized agent of Company.
(i) Further Acts, etc.: At the closing and at all times thereafter, Seller and Buyer agree to
execute and deliver such other and further instruments and to take such further actions as either of
them or their counsel may reasonably request of the other in order to fully implement the terms of
this Agreement and the closing thereof. This paragraph shall survive closing.
Page 4
10. DEFAULTS:
(a) Notice of Default: No default as to any provision of this Agreement shall be claimed
or charged by either party hereto against the other until notice thereof has been given to the
defaulting party in writing, and such default remains uncured for a period of five (5) days after the
defaulting party's receipt of such notice. Notwithstanding the above, the Closing Date shall not be
changed, delayed, postponed or extended by this requirement for notice of default.
(b) Default by Buffer: If Buyer defaults on its obligations to purchase under this
Agreement, without fault on the part of the Seller, Seller may terminate this Agreement in full and
final settlement of all claims Seller may have against Buyer for breech of this Agreement or
alternatively, Seller may seek specific performance.
(c) Default b~: If Seller defaults on its obligations to purchase under this
Agreement, without fault on the part of the Buyer, Buyer may terminate this Agreement in full and
final settlement of all claims Buyer may have against Seller for breech of this Agreement or
alternatively, Buyer may seek specific performance.
11. BROKER'S COMMISSION: Each party hereto represents and warrants unto the other
party hereto that there are no brokers, real estate sales persons or agent involved with respect to the
transaction contemplated herein and that there are no fees, or commissions due as a result of their respective
execution of this Agreement or which will be due as a result of the closing as contemplated hereby by virtue
of their respective acts, inactions, conduct or otherwise. Each party hereto does hereby agree to indemnify
and hold the other harmless from any breach of their respective representations and warranties as set forth
in this Paragraph. The provisions ofthis Paragraph shall survive the Closing.
12. RISK OF LOSS: If the Property is damaged by fire or other casualty before closing and
cost of restoration does not exceed 3% of the assessed valuation of the Property so damaged, cost of
restoration shall be an obligation of the Seller and closing shall proceed pursuant to the terms ofthis Contract
with restoration costs escrowed at closing. If the cost of restoration exceeds 3% of the assessed valuation
of the Property so damaged, Buyer shall have the option of either taking the Property as is, together with
either the 3% or any insurance proceeds payable by virtue of such loss or damage, or of canceling this
Contract and receiving return of the deposit(s).
13. TIME OF THE ESSENCE: Time, and timely performance, is of the essence of this
Agreement and of the covenants and provisions hereunder.
14. TIME: Time periods herein of less than 6 days shall in the computation exclude Saturdays,
Sundays and state or national legal holidays, and any time period provided for herein which shall end on
Saturday, Sunday or a legal holiday shall extend to 5:00 p.m. of the next business day.
15. EFFECTIVE DATE AND TIME FOR ACCEPTANCE: The date ofthis Agreement
("Effective Date") shall be that date upon which the last one of the Buyer and Seller has signed this
Agreement.
16. ASSIGNMENT: This Agreement may not be assigned except upon the prior written
consent of Seller.
-~~~~ s
17. MISCELLANEOUS:
(a) Radon Gas: Pursuant to Fla. Stat. Sec. 404.056(8), Radon is a naturally occurring
radioactive gas that when it has accumulated in a building in sufficient quantities, may present health
risks to persons who are exposed to it over time. Levels of radon that exceed federal and state
guidelines have been found in building in Florida.
(b) Binding? Effect; Successors and Assigns: This Agreement shall be binding upon
and inure to the benefit of Seller, Buyer and their permitted successors and assigns, if any.
(c) Ca tions: The captions for each paragraph orsub-paragraph ofthis Agreement are
for convenience and reference only and in no way define, describe, extend, or limit the scope or
intent ofthis Agreement, or the intent of any provision hereof.
(d) Severability: If any provision ofthis Agreement, the deletion of which would not
materially adversely affect the material benefits receivable by any party hereunder or substantially
increase the burden of any party hereto, shall be held to be invalid or unenforceable to any extent,
the same shall not affect in any respect whatsoever the validity or enforceability of the remainder
ofthis Agreement.
(e) Execution of Documents: Each party hereto covenants and agrees that they will at
any time and from time to time do such acts and execute, acknowledge and deliver such documents,
including corrective instruments, reasonably requested by the Buyer, the parties hereto, or their
counsel, necessary to carry out fully and effectuate the purchase and sale herein contemplated and
to convey good, marketable and insurable title to the Property and all parts thereof.
(f) Counterparts: This Agreement may be executed in two or more counterparts, each
of which shall be, and shall be taken to be, an original, and all collectively deemed one instrument.
(g) Facsimile: Telephonically transmitted facsimile copies of this Agreement, and any
signatures thereon, shall be considered for all purposes as originals.
(h) Litigation and Attorney's Fees: In the event it shall be necessary for either Party
to this Agreement to bring suit to enforce any provision hereof (before or after Closing) or for
damages on account of any breach of this Agreement, the prevailing party shall be entitled to recover
from the other, in addition to any damages or other relief granted as a result of such litigation, all
costs and expenses of such litigation and reasonable attorney's fees (including attorney's fees and
costs of appeals) as fixed by a court of competent jurisdiction.
(i) Entire Agreement; Amendments: This Agreement contains the entire and sole
understanding between the parties hereto relative to the purchase and sale of the Property and it may
only be amended or modified by an agreement in writing executed by Buyer and Seller with the same
formalities as this Agreement.
(j) Notices: All notices and correspondence shall be sent or delivered by registered
or certified mail to the parties hereto, return receipt requested, with copies forwarded to their
respective attorneys, at the addresses set forth below or at such other addresses as the parties hereto
shall designate to each other in writing:
Pagc 6
(i) if to Seller, to: Laverne W. Kingsbury and June L. Kingsbury
150 Tuskawilla Road
Winter prangs,
Phone: 407-327 -1916
Fax: 407- -
(ii) if to Buyer, to: City Manager
City of Winter Springs
1126 East State Road 434
Winter Springs, Florida 32708
Phone: 407-327-5957
Fax: 407-327-6686
with copies to: Anthony A. Garganese, Esq., City Attorney
Brown, Ward, Salzman & Weiss, P.A.
P O Box 2873
Orlando, FL 32802-2873
Phone: 407-425-9566
Fax: 407-425-9596
Any notice or demand so given, delivered or made by United States Mail shall be deemed so given,
delivered or made three (3) days after the same is deposited in the United State mail registered or
certified, return receipt requested, addressed as above provided, with postage thereon prepaid. Any
such notice, demand or document not given, delivered or made by registered or certified mail as
aforesaid shall be deemed to be given, delivered or made upon receipt of the same by the party to
whom the same is to be given, delivered or made.
(k) Interpretation: This Agreement has been submitted to the scrutiny of each party
hereto and each party has had opportunity to have it reviewed by legal counsel. This Agreement
shall be given fair and reasonable interpretation in accordance with the words used herein without
consideration or weight being given to its having been drafted by either party hereto or their
respective counsel.
(1) Applicable Law: This Agreement is to be construed according to the laws of the
State of Florida.
(m) Non-Waiver: No covenant, term, or condition, (or the breach thereof), shall be
deemed waived, except by written consent of the party against whom the waiver is claimed. A
waiver of any covenant, term, or condition (or breach thereof) shall not be deemed to be a waiver
of any other covenant, term or condition (or breach thereof).
(n) Terminology: Whenever used herein, the terms "Buyer" and "Seller" shall be
construed in the singular or plural as the context may require or admit and shall be further construed
to include the agents of the Buyer and Seller.
(o) No Recording: Neither this Agreement, nor any notice of it, shall be recorded in
any public records.
~~~~ ~
(p) Typewritten or Handwritten Provisions: Typewritten or handwritten provisions,
either as additional terms and conditions or alterations to existing terms and conditions, shall control
all printed provisions in conflict with them.
18. Condition Precedent. Approval ofthis Agreement by the City Commission of Winter Springs
shall be a condition precedent to the parties obligations under this Agreement.
IN WITNESS WHEREOF, the parties hereto have caused this contract to be executed on the dates
accompanied by their respective executions.
~.~~ ~i , ~
LAVERNE W. KINGSBUR ,SEL
Date: ~~~~. ~ i
DUNE L. KINGSBURY, SEL ER
Date: /f ~~
CITY OF WINTER SPRINGS, a Florida
municipal corporation, BUYER
By:
Ronald W. McLemore
City Manager
Date: //// !o /c ~.
~---~
Page 8
~aRCEL a
(KINGSBUR r ACQi.`IS1ITON)
ESCR1? 7'ON.
That port of the Unnumbered Cot in Block B : D.R. A/ITCHELL'S SURVEY OF THE LEVY
GRANT ON LAKE ,IESSUP os recorded in Ptat Book 1, Page 5 0/ the Public Records of Seminole
County, Florida, more particularly described os follows:
Commence at fhe Southeast corner of Lot 30 Block 6 ; D.R. MJTCHELL'S SURVEY OF THE
LEVY CRANT ON LAKE ,iESSUP sold point being the intersection of the West Right of Way line
of Tuscowillo Rood (formuty Brantley Avenue) and the North Right of Way line of First Street (a
30 foot unopened Right of Woy); thence run S 3004'S5~ W a distance of 30.61 feet to the
~mtersection of the Nest Right o/ Woy line of Tuscawrlla Rood and the South Right o/ Wax line of
F ~rst Street said intersection being the POINT OF BEGINN/NG; thence continue S 30'04 55"
`V along the West Right of Woy tine of Tuscaw~lla Road a distance of 80.89 feet fo the point of cusp
of a curve concave Northwesterly hov-ng o radius of 15.00. /eet and o chord bearing of N
1 J~4'34" E: thence run Northeasterly along the arc of soil curve fhrovgh o centr'vl angle of
3670'43" for on arc distance of 9.52 fee! to o point , of tangency, thence N 06'15'47" W a
distance of 59.58 feet to the point of curvature of a curve concave Southwesterly having o radius of
15.00 feet a chord bearing of N 3379'40" W.• thence run Northwesterly long the arc oI said
curve through o central angle of 5477'44" for on arc distance of 14.26 feet to o point of
tangency, thence N 60 43'32" W o distance of 40.41 feet to fhe South Right of Way lire of the
~roremen.honed First Streef; thence S 7±'?4'05" E along said South Right of Way line for a
,ilstar,ce ~% 9~.Td feet: to the r~oint of Beginning.
Contarn~nq 0.0-t7' acres more or less.
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EXHIBIT "A"
- DESCRIPTION OF REAL PROPERTY -
PAGE ONE OF TWO
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i EXHIBIT "A"
/ -DESCRIPTION OF REAL PROPERTY
n r r-~ n m~nr~ nn m~nr\
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MEMORANDUM
TO: Anthony Gargan e, City Attorney
FROM: Charles C. a ngton, Community Development Director
DATE: November , 2001
RE: Kingbury Purchase & Sales Agreement
Enclosed is the fully executed original contract for the Kingsbury 0.6471 acre tract.
Please order and obtain a title insurance commitment. We have used First American
Title in the past. Contact Jim Dyer (407) 740-7131.
cc: Ronald McLemore, City Manager
Kip Lockcuff, Public WorkslUtility Director