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HomeMy WebLinkAboutResolution #1014 RESOLUTION N0. 1014 A RESOLUTION APPROVING AN AGREEMII~'I' PROVIDING FOR THE SALE/PURCHASE OF CITY OWNID REAL PROPERTY LOCATED AT ADDRESS OF 225 SOUTH 5th AVENUE. Wf~ftEAS, the Canton City Council has heretofore determined the necessity of selling certain real property identified in the attached agreement; and, WHEREAS, it is now necessary to enter into a written agreement providing for the City of Canton's sale of such real property. IT IS, ACCORDINGLY, HEREBY RESOLVID BY THE CITY COUNCIL OF THE CITY OF CANTOr1, Fulton County, Illinois as follows: 1. That the agreement providing for the sale -purchase of City owned real property located at 225 South 5th Avenue, Canton, Illinois, such agreement being attached hereto and identified as Exhibit "A" here- to and herein incorporated by reference, is hereby approved by the Canton City Council. 2. That the Mayor and City Clerk are hereby authorized and directed to execute and deliver duplicate originals of said agreement and to execute and deliver the requisite quit-claim deed and all other papers necessary to conclude said transaction. 3. That this Resolution shall be in full force and effect immediately upon its passage by the City Council of the City of Canton, Fulton County, Illinois and approval by the Mayor thereof. PASSID by the City Council of the City of Canton, Fulton County, Illinois at a regular meeting this 3rd day o f January ~ 1984 upon a roll call vote as follows: AYES: Aldermen Horr, May, Carl, Workman, Sarff, Savill, Hammond, Kovachevich. NAYS: None . ABSENT : None . APPRVVID: Donald E. Edwards, Mayor ATTEST: Nancy tes, ity Clerk. AGREEMENT NO. AN AGREEMENT PROVIDING FOR THE SALE OF CERTAIN CITY OWNED REALTY WHEREAS, the City of Canton, an Illinois municipal corporation, is the owner of certain real property hereinafter more particularily described which such real property has been by said City determined to be no longer necessary, appropriate, required for the use of, profitable to, or for the best interests of the City of Canton; and, WHEREAS, Winona Kapala and E~thPl 7. Shaw desires to purchase such real property from the City of Canton. NOW, THEREFORE, IT IS HEREBY AGREED AS HEREINAFTER SET FORTH: 1. SELLER: The Seller of the real property hereinafter described is the City of Canton, an Illinois municipal corporation, having its main office located at 210 E. Chestnut Street, Canton, Illinois 61520, hereinafter referred to as the "City". 2. BUYER: The Buyer of the real property hereinafter described i s Winona Kapala and Eythel L Shaw whose permanent mailing address is 447 South 5th Avenue, Canton, Illinois 61520 hereinafter referred to as the "Buyer". 3. SUBJECT MATTER: The subject matter of this agreement is certain real property located within the corporate limits of the City of Canton, Fulton County, Illinois with common address of 225 South 5th Avenue , Canton, Illinois. Said real property is legally described as follows, to-wit: Lot Number Three (3) and the north eight (8) feet of Lot Number Four (4) in Block 6 of Anderson's First Addition to the City of Canton, Fulton County, Illinois. 4. CO_:SIDERATION: The consideration supporting this ac~ee:w~nt is r. '~~ .:~ Gf the P:;utUal COVP_nantS and aC_~~~I~iCI"~~S h~I"El:l SUt i. 0y ~'.'; ~~.^d ~: ;_ _..-:t ~f the c sh sum of $--3,520.00 -- -_- _ _-_-- :~;• ~u~,~~:r to t-;~ City in la~;:iul money. 5. CONVEYANCE: The City shall convey title to said real property to Buyer by a good and sufficient quit-claim deed. 6. TITLE: The City shall show proof of merchantable title in said real property to Buyer by either, in the City's sole discretion, suuply- ing Buyer with an updated abstract of title or a corunitment to insure i' 1 e i n t_he :mount of t},e c~.sh stem sct forth in - -.i =gar :~~h ~? , ~:'_ _~ve, EXHIBIT A, RESOLUTION NO. 1014 In the event an abstract is provided by the City, it shall be updated only once at the City's expense. Proof of merchantable title as afore- said shall be furnished by the City to Buyer within 30 days of the date of this agreement or, for good cause shown, at such other further time as the parties may agree to ;. any such extension of time shall be accomplished by an instrument in writing. 7. DEFECTS IN TITLE: In the event Buyer makes objection to the status of title and, in the opinion of the City Attorney, such objection sets forth a bona fide defect causing title to not be merchantable, the City shall, in its sole discretion, cure such defect within 60 days of Buyer's making of such objection or declare this agreement to be null and void provided, however, that the City return to Buyer any earnest money deposit without interest and, still further, providing that Buyer release to the City the original of the abstract of title or commitment to insure title. 8. CLOSING: Closing shall take place within 14 days of the expiration of the time period set forth in paragraph 6, above. Closing shall take place at the City's main office as set forth in paragraph 1, above. 9. TAXES AND UTILITIES: General real estate taxes, utilities and special assessments, if any, shall be prorated between the City and Buyer according to their respective time of possession of the premises. The City shall be responsible for all general real estate taxes, utilities and special assessments, if any, which were levied or placed against said premises in any year preceeding the instant year and which are now legally cognizeable, due and owing. The City may, at its election, allow some or all of its share of such general real estate taxes, utilities and special assessments, if any, as a credit against the cash sum due and owing to the City from the Buyer, all as set forth in paragraph 4, above. If such credit is given by the City to the Buyer, the Buyer hereby covenants and agrees to hold the City whole and harmless on account thereof. 10. ZONING AND USE OF PREMISES: The above described premises is presently zoned B-2 General Commercial Use under the City of Canton's zoning ordinance(s), as amended.' The uc~ ~~~ the premises shall be governed by reference to such zoning or~:.;::«nce(s) as the same presently exists and as such zoning ordinance(s) may be ~~~nded. 11, i'ENANCY/OCCUPANCY/POSSESSION: The City herci~y r. ,_:~ ;'~,t the subject premises, to the best of its kr:owledce, is r:c~t r:ow subject ie a _,ht of aLny third r~rty tenant or occupant. Tie Ci t'.• Ghall <:i~~e .. ~ ~% if l.llr ~: IJ ~J ,...~~' C=S~.= 1 ._ .~'r~ i ~ __. _. ~~._5 ~.~ ~r ~~ _ __ .. ..v J.. _ ~1 F•~~. ,.~ ~._.,C_.~,_~ „_ a _.._..~1 ~._s. r' ".t _i '.I:...'~' ~r_ _- ~ t _^r`rr}~ Li;1S ~ ~1C.::_.:i?I7t 1S llOt SLiU~i_'Ct LO ahy ~:- _.;SS Or ~. ~~~ ~:.C .. :._'~~;;:tl' Of any sort. The Buyer hereby warrants that he has had full and ample opportunity to inspect the above described premises; that he is satisfied that his inspection thereof was complete; and, that, other than as he ~.. set forth, no promises, representations or induce-ments ~•:h tsoever ha~~e i. c:, ':.::de to Buyer by the City or by the Cit~•' s of f ic~rs, officials, ,r ;:s=lit S, ., • + .~ . • 13. AUTHORITY: This agreement is executed and delivered by the City to the Buyer by authority of the City Council of the City of Canton, Fulton County, Illinois and pursuant to ~~~~/resolution/ ~xs~it~x thereof passed at its regular meeting of Tanuary 19 84 . 14. OTHER TERMS AND CONDITIONS: None. IN WITNESS WHEREOF the City and the Buyer have set their hands and seals to two originals hereof this 4th day of Januar~__ _, 19 84 . CITY OF CANTON, an Illinois municipal corpor_at.ion, ~~ BY: ~l. Cite Clerk. Its P,~ayor. ., -' - - - ~- , -- -- --- p,u~~er . ,~ Buyer. AGREEMENT NO. _~~ AN AGREEMENT PROVIDING FOR THE SALE OF CERTAIN CITY OWNED REALTY WHEREAS, the City of Canton, an Illinois municipal corporation, is the owner of certain real property hereinafter more particularity described which such real property has been by said City determined to be no longer necessary, appropriate, required for the use of, profitable to, or for the best interests of the City of Canton; and, WHEREAS, Winona Kapala and Ewthel L• Shaw desires to purchase such real property from the City of Canton. NOW, THEREFORE, IT IS HEREBY AGREED AS HEREINAFTER SET FORTH: 1. SELLER: The Seller of the real property hereinafter described is the City of Canton, an Illinois municipal corporation, having its main office located at 210 E. Chestnut Street, Canton, Illinois 61520, hereinafter referred to as the "City". 2. BUYER: The Buyer of the real property hereinafter described is Winona Kapala and Eythel L. Shaw whose permanent mailing address is 447 South 5th Avenue Canton Illinois 61520 , hereinafter referred to as the "Buyer". 3. SUBJECT MATTER: The subject matter of this agreement is certain real property located within the corporate limits of the City of Canton, Fulton County, Illinois with common address of 225 South 5th Avenue , Canton, Illinois. Said real property is legally described as follows, to-wit: Lot Number Three (3) and the north eight (8) feet of Lot Number Four (4) in Block 6 of Anderson's First Addition to the City of Canton, Fulton County, Illinois. 4. CO,JSIDERATION: The consideration supporting this ~:~~ ~c~,~,:_~i-it is made up of the mutual covenants and agreements herein set forth and pa~~rnent of the cash sum of $_ 3,520.00__ _______________ __________ by Bu,~er to the City in lawful money. 5. CONVEYANCE: The City shall convey title to said real property to Buyer by a good and sufficient quit-claim deed. 6. TITLE: The City shall show proof of merchantable title in said real property to Buyer by either, in the City's sole discretion, sup:~l~•- ing Buyer with an updated abstract of title or a commitment to insure it ;e in fhe amount of the c«5h sum s~~t .c~rth in ,-~-:r~<:r,:~_~h ~~ ,.. ~`,'~~, In the event an abstract is provided by the City, it shall }~e updated only once at the City's expense. Proof of merchantable title as afore- said shall be furnished by the City to Buyer within 30 days of the date of this agreement or, for good cause shown, at such other further time as the parties may agree to;• any such extension of time shall be accomplished by an instrument in writing. 7. DEFECTS IN TITLE: In the event Buyer makes objection to the status of title and, in the opinion of the City Attorney, such objection sets forth a bona fide defect causing title to not be merchantable, the City shall, in its sole discretion, cure such defect within 60 days of Buyer's making of such objection or declare this agreement to be null and void provided, however, that the City return to Buyer any earnest money deposit without interest and, still further, providing that Buyer release to the City the original of the abstract of title or commitment to insure title. 8. CLOSING: Closing shall take place within 14 days of the expiration of the time period set forth in paragraph 6, above. Closing shall take place at the City's main office as set forth in paragraph 1, above. 9. TAXES AND UTILITIES: General real estate taxes, utilities and special assessments, if any, shall be prorated between the City and Buyer according to their respective time of possession of the premises. The City shall be responsible for all general real estate taxes, utilities and special assessments, if any, which were levied or placed against said premises in any year preceeding the instant year and which are now legally cognizeable, due and owing. The City may, at its election, allow some or all of its share of such general real estate taxes, utilities and special assessments, if any, as a credit against the cash sum due and owing to the City from the Buyer, all as set forth in paragraph 4, above. If such credit is given by the City to the Buyer, the Buyer hereby covenants and agrees to hold the City whole and harmless on account thereof. 10. ZONING AND USE OF PREMISES: The above described premises is presently zoned B-2 , General Commercial Use under the city of Cant_on's zoning ordinance (s) , as amended.' The u:,e of the premises shall be governed by reference to such zoning or3ii~«nce(s) as the same presently exists and as such zoning ordinance(s) may be -~cr~?ed. 11. `l'~;?::NCY/OCCUPANCY/POSSESSION: The City hereby ~•. .~ ~ ,cs ~ ~;~~t t}ie subject premises, to the best of its knowledge, is ,-~c,t row sub je~c to a right of any third party tenant or occupant. The City shall give ?x_session of the above described premises to Buyer at c':osi~,g. 12. I:•;PLIED/EYPRESSED ~~ARRAI~TIES: Other than as ~:bcve set forth, this agreement is not subject to any express or implied warranty of any sort. The Buyer hereby warrants that he has had full and ~3mple opportunity to inspect the above described premises; that he is satisi~~d that his inspection thereof was complete; and, that, other than as }~c~.~r. sct forth, no promises, representations or inducements ~,hatsoever };ave L. er :-.:de to Buyer by the City or by the City's officers, of= ici~ls, 13. AUTHORITY: This agreement is executed and delivered by the City to the Buyer by authority of the City Council of the City of Canton, Fulton County, Illinois and pursuant to ~~~~/resolution/ ~~~}~t~a~s~s~Ja thereof passed at its regular meeting of January 3 _ , 19 84 . 14. OTHER TERMS AND CONDITIONS: None. IN WITNESS WHEREOF the City and the Buyer have set their hands and seals to two originals hereof this 4th day of January __~ 19 84 . CITY OF CANTON, an Illinois municipal coruor_ation, ~~ BY: ~~'-LE4l ---- - - - -' Its I~7ayor. ~T: --- --' Ci Cler . (Cor;~orate Seal) -~- u y e r . v~ - - f,~ ~r .~ , Buyer.