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HomeMy WebLinkAboutResolution #3977 - declaring certain real property commonly known as 61 e side square to be surplus to the needs of the cityRESOLUTION NO. ~ q 7 A RESOLUTION OF THE CITY OF CANTON DECLARING CERTAIN REAL PROPERTY COMMONLY KNOWN AS 61 E. SIDE SQUARE TO BE SURPLUS TO THE NEEDS OF THE CITY AND AUTHORIZING THE LISTING OF THE PROPERTY WITH LOCAL LICENSED REAL ESTATE AGENCIES WHEREAS, 65 ILCS 5/11-76-4.2 the Illinois Municipal Code provides an alternative method of sale for surplus property for (a} any municipality with a population of less than 20,000 situated within a county that has an unemployment rate higher than the national unemployment average for at least one month during the last six months preceding the adoption of a resolution to sell real estate under this section. (b} If a municipality has (1) adopted an ordinance to sell surplus real estate under Section 11-76-2 and has received no bid on a particular parcel or (2) adopted a resolution to sell surplus real estate under Section 11-76-4.1 and has received no acceptable offer on a particular parcel within 6 months after adoption of the resolution, then that parcel of surplus real estate may be sold in the manner set forth in subsection (c) of the statute; and WHEREAS, subsection (c} of said statute states that if the requirements of (a) and (b) are met, then the corporate authorities may, by resolution, authorize the sale of a parcel of surplus public real estate...(2) by listing with local licensed real estate agencies; and WHEREAS, the City of Canton has a population of 14,704 according to the 2010 census data and is situated wholly within Fulton County; and WHEREAS, in October 2011 Fulton County has an unemployment rate (not seasonally adjusted) of 9.9% where the national average (not seasonally adjusted) for the same month was 9.5%; and WHEREAS, the City previously voted to sell surplus real estate and has received no acceptable offer on 61 E. Side Square; and WHEREAS, as the statutory conditions have been met, the City Council of the City of Canton has determined, that the sale of the parcel of surplus real estate should be accomplished by listing the property for sale with a local licensed real estate agency. NOW, THEREFORE, BE IT RESOLVED, as follows: l . That the listing agreement attached hereto and incorporated herein as Exhibit "A" is hereby approved by the Canton City Council. 2. That the Mayor and City Clerk of the City of Canton, Illinois are hereby authorized and directed to execute said Agreement on behalf of the City of Canton. � � PEORIA AREA ASSOCIATION OF REALTORS� • EXTENSION/CHANGE FORM 1 Pursuant to the Listing Contract between the undersigned Owner&Listing Company,this 2 agreement changes the status or price,as described below,and/or extends th�contractual period,as 3 originally agrc,ed upon,to the datc listed below. 4 MI.S#?C Z �r4 I Date: _ !�p - l�"' 2�� ►3 S Address: (� % ��{�T S�O� sl�!!A�2�= 6 Listing Prtce:S_ �i (_�(?� /�(7 n City: ����A� 7 Listing Agent Name: �al /�i:TC:l4 A�M Present Status: �' ! '" �c�c�G ti�Nsc�r' cu�a-r,s G���sNr� 8 �Eztend To: Date: lSt' �C� ' / jl 9 � Pending: Contract Date_ 10 ❑ Contingency�s�a,.�: ADD �.� REMOVE I 1 Coatingent Iafo: 12 13 0 Price Change: S 14 ❑ Withdrawal: Date: 15 <Select Onv 16 ❑ RCAlOVCd Ri'OIIi MLS O[IIy(!S NOT TD!blPLY OR INTENDBD Tp BE USSD TO CANCEL 77JE 17 rJS�nvccioxnucr� IH ❑ COIIttACtTCI'R71R8tt'd(COAlPANPADDEAD!lAfATT,fCHEDj 19 ❑ Back On Market: 20 From: ❑ Pending 21 ❑ Sold 22 0 Withdrawn 23 ❑ Ezpired 24 Extend To Date: 25 Misceltaneous Changes: 26 27 28 Owner's Signature(Rs¢urx$nJ: , � _ C=�/ Broker/Designated Agent Signatu . �—' Company Name: � i tEOR1AAREAASiOClAT10NOFRGLTOR9� (�IAL) FORMN .IYW lM7d�KeAna The terms of the sale are as follows: Asking price of $300,000 with possible TIF incentives based on job retention/creation. Seller financing may be available depending on quality of proposal. Seller will consider subdividing property into two floors. 4. The listing agents are: Jim Maloof and Gorsuch-Hensley 5. The listing period is: six (6) months 6. The compensation of the agent(s) is as follows: seven percent (7%) split among the co- list agencies and the selling agency 7. The description of said property is as follows: Part of Lot Nine (9) in Jones' First Addition to the City of Canton, situated in Fulton County, Illinois, described as follows: Commencing at a point 24 feet 4 '/z inches North of the Southwest Corner of said Lot Nine (9), thence East 181 '/Z feet, thence North 24 feet 4 %2 inches, thence West 181 %z feet, thence South 24 Feet 4 '/z inches to the place of beginning; and, Part of Lot Nine (9) in Jones' First Addition to the City of Canton, situated in Fulton County, Illinois, described as follows: Commencing at the Southwest Corner of said Lot Nine (9), running thence North 24 feet 4 %Z inches, thence running East 181 '/z feet to the West line of First Avenue, running thence South 24 feet 4 '/z inches, running thence West 181 '/2 feet to the place of beginning. Subject to conditions, covenants, easements, and restrictions of record. PIN: 09-08-27-410-027 COMMON ADDRESS: 61 East Side Square, Canton, Illinois 61520 8. Said parcel contains 8,849E square feet. 9. The zoning is B-3, Central Business District. 10. That notice will be published once a week for 3 weeks in the Canton Daily Ledger advertising this sale. 11. That no sale will be conducted until at least 30 days after the first publication. 12. That the City Council may accept any offer or bid determined by them to be in the best intexest of the City of Canton by a vote of three-fourths of the City Council then holding office. P SSED by the City Council of the City of Canton, Illinois this ----~-`-day of 2 ~ 5rt s rN I i ~' ~ r~~~~ ~~ ~~ (w ~ l~~f , ~ ~ AYES: ~ ~ \ E'F ~'~`~~ S'C_ ~l ~ n c k- ~ ~ `1 l NAYS: /~ ~ ~ ~ ~--~ D ~ ABSENT: ~ , ~ .ter-~'>-t Ck ~ --f r ~ --j- ~ - C ~!~ APPROVE Kevin R. Meade, Mayor ATTE T• Diana c er, City Clerk ® ..,., ~~ ~~ LISTING CONTRACT (Exclusive Right to Sell andlor Lease) Commercial - industrial Real Estat-e := .. 1 This Contract is entered into on the 17th day of January , 20 12 ~~y Jim tNatoof Realty and Gorsuch- 2 (Broker) and -Hensley Reat Estate(Srakersl, and the C1ty of Canton (Seller), for the sale/lease of real estate 3 ~ commonly known as 61 East Side Square 4 in Canton Township, Fulton County, iliinois 61320 Zip Code, Tax 1D # 09-08-27-410-027 5 the legal description of which is attached (Exhibit "A") or described as follows: Sea Attached Warranty Deed (Exhibit Al 6 7 {the "Property„). 8 In consideration ofthe mutual covenants herein and services to be performed, Broker is appointed as Sellers' agent with irrevocable 9 and exclusive right to sell, exchange, option or Lease the Property during the Term f©r the fioIlowing price and terms. Where the 10 word Seller appears, it shall also mean Lessor, Landlord, ar Optioner; Sale or Purchase shall also mean lease, 11 "Exchange," ar "Option;" `Buyer" shall also mean "Lessee," "'Tenant," or "Uptionee;" anc `Broker" shall include any salesperson 12 associated with the Broker's firm. "Property" shall mean all property offered for sale pursuant to this Contract as defined in 13 Section B (l .l) and B (1.2) (if applicable) below. 14 15 Properly offered For Sale: ~/ _ For Lease: ~ For Sale & Lease: ~. lb 17 A. TERM: This Contract begins on the 17th day of January , 20 12 ,and shall continue until midnight 18 on the 30th day of December , 20 12 ;provided, however, if Seller enters into a purchase agreement, exchange 19 agreement, option or lease during the term of this Contract, but the closing of the sale, exchange, option or lease will not take 20 place until after the term of this Contract, then this Contract shall be extended to coincide with the closing date of the purchase 21 agreement, exchange agreement, option or lease. And, further provided that if Seller enters into a purchase agreement, exchange 22 agreement, option or lease within 90 days after the expiration date of this Contract with a Buyer who was first i~ttroduced to 23 the Property during the terns of this Contract and who was identified before the end of this Contract, then this Contract shall be 24 extended to coincide with the closing date of the purchase agreement, exchange agreement, option or lease. Seller offers the 2S Property for sale, exchange, option or lease upon any other price and terms acceptable to Seller as evidenced by Seller's 26 execution and delivery of a written contract with respect to the Property. 27 B. PRICING & COMMISSIONS 28 1. SALE PRICE: 29 Seller offers the Property for sale or exchange at a price of Three Hundred Thousand 30 dollars { $ 300,000 )payable upon the following terms and conditions: Gash Conventional Financing, 31 Possible Contract for Deed 32 1.1 PROPERTY OFFERED FOR SALE: The above prices) includes thereat estate together with ail buildings and all 33 permanent improvements and fixtures attached thereto; except the following items to be EXCLUDED {if any): 34 None 35 36 1.2 PERSONAL PROPERTY OFFERED FOR SALE: The above price includes the following items of personal property 37 to be INCLUDED in the sale: None 39 l .3 BROKER'S SALES COMMISSION: Seller agrees to pay Broker a commission, which shall be determined and paid 40 as follows: 41 Seller shall pay Broker a Sales commission of Seven percent { 7.0 %) of the gross sales price, which 42 commission shall be paid when title to or an interest in the Property is transfFrred to Buyer or Buyer's nominee. The 43 minimum sale commission shall be $7,000 44 1.4 EXCHANGE: lf. the transaction is an exchange, Seller shaIl pay Broker a commission of Seven percent 4S { 7.0 %) of the total consideration received by Seller for the Property, which commission shall be paid when title 46 to or an interest in the Property is exchanged for other property. In the event the total consideration is not set forth as-a 47 monetary value in the exchange agreement or any related purchase agreement, then the consideration for the Property 48 shall be deemed to be the listing price set forth in this Contract. Seller PEORIA AREA A$$OCIA7ION OF R.EALTORS~ (05/IQ) FoRMNo. 5000 PEORIA AREA ASSOCTATION OF REALTORS® IT IS RECOMMENDED THAT T'ARTIES CONSULT AN ATTORNEY REi3ARDINC3 THI5 TRANSACTION THIS CONTRACT FOR USE BY MEMBERS OF THE PAAR ACID CMLS. ~~~ ~~ REALTOi~ Broker Page I of 5 49 SO S1 52 53 54 55 56 57 58 54 60 61 62 63 64 6S 66 67 68 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 la1 102 103 104 105 106 C D. E. F 2. LEASE PRICE: Landlord offers the Property for lease at a rent of dollars per ( ) payable upon the following terms and conditions: Landlord to pay: Q Utilities ^ CAM ^ Taxes ^ Insurance Tenant to pay: Q Utilities ^ CAM Q Taxes ^ Insurance Landlord expects a security deposit: Q Yes ^ No 2.1 BROKER'S LEASING COMMISSION: Landlord agrees to pay Broker a commission, which shall be determined and paid as follows: Seller shall pay Broker a commission of percent ( %) of the total grass amount to be received by Landlord during the initial term of the lease, which commission shall be paid at the time Seller and a Lessee (successor or assign) enter into a lease. If the Iease is renewed or extended, Landlord shall pay Broker a commission of percent ( %) of the total gross amount to be received by Landlord during the renewal or extension term of the lease, which commission shall be paid at the time the renewal/extended lease term begins. If the leased premises are expanded, a commission with respect to each expansion shall be payable in the same amount and at the same time as if the expansion was a new lease. If the leased premises is sold to the tenant during the initial or extended term or within days, or during a hold aver following the term ar extended term, the sale shall be subject to a percent ( %) sales commission per Section B (1). 3. OPTION: If an option is granted to a prospective Buyer or Lessee, Seller shall pay Broker ( S or percent ( %) (whichever is greater}, of each payment made to Seller to obtain, renew or extend the option. If the option is exercised, Seller shall pay Broker a commission pursuant to Section B (1), (1.4), (2.1), Section C and Section E as applicable. DEFAULT: If Seller enters into a fully executed contract for sale, exchange, option or lease and Seller defaults under that contract, then a commission in the same amount as would have been payable upon a closing or lease execution pursuant to this Contract shall be due immediately upon such default. READY, WILLINQ AND ABLE PERSON: if Broker procures a written offer from a Buyer who is ready, willing and financially able to consummate the proposed transaction concerning the Property according to the terms contained in this Contract, and Seller refuses to accept the offer, Broker shall be immediately entitled to a commission in the same amount as would have been payable upon a closing or lease execution pursuant to this Contract. SUIT BY OWNER: If Seller successfully prosecutes a suit against a Buyer who has breached a purchase agreement, exchange agreement, exercised option, or lease conceming the Property and collects all or any part of the monetary damages proximately caused by such breach, whether as a result of trial, compromise, settlement or otherwise, then, after first deducting Seller's reasonable attorney fees and court costs, Seller shall pay Broker an amount equal to the lesser ofone-half (%s) of the funds received by Seller or the amount of Broker's commission, had the purchase agreement, exchange agreement, exercised option, or lease been closed AGENCY DISCLOSURES: Broker designates Edward L. Ketcham 8~ Curtis Gorsuch (°°Seller's Designated Agent"), a sates associate affiliated with Broker, as the only legal agent of the Seller. Broker reserves the right to name additional designated agents when in Broker's discretion it is necessary. If additional designated agents are named, Seller shall be informed in writing within a reasonable time. Seller acta~owledges that Seller's Designated Agent may from time to time have another sales associate, who will not be representing Seiler, host an open house of Seller's property or provide similar support in the marketing of Seller's property. Seller understands and agrees that this agreement is a contract for Broker to market Seller's property and that Seller's Designated Agent is the only legal agent of Seller, Seller's Designated Agent will be primarily responsible for the direct mazketing and sale of Seller's property. Broker is authorized to show the property to prospective buyers represented by buyer's agents, and Seller authorizes Broker to pay a part of the above commission to buyer's agent or other cooperating agents. Seller acknowledges that the compensation offered to such cooperating brokers may vary from broker to broker. Seller understands that Broker and/or Seller's Designated Agent may have previously represented a buyer who is interested is Seller's property. During that representation, Broker and/or Seller's Designated Agent may have learned material information about the Buyer that is considered confidential. Seller understands and agrees that under the law, neither Broker nor Seller's Designated Agent may disclose any such confidential information to Seller even though the Broker and/or Seller's Designated Agent now represent Seller. Seller further understands and Does consent, at this time, to allow Broker and/or Seller's Designated Agent to act as a dual agent as detailed in the State rnandated)•,.a)'sclosure and Consent to Dual Asenev document, which Seller has read and Has signed as an addendum to this Contract. Seller understands and agrees that ottxer sales associates affiliated with Broker, other than Seller's Designated Agent(s), may represent the actual or prospective buyer of Seller's Property and may be acting as a Buyer's Designated Agent. Seller agrees to immediately refer to Seller's Designated Agent all prospective buyers or brokers who contact Seller for any reason with respect to the Property and to provide Seller's Designated Agent with their names and addresses. ~~"'"°'~"` Broker Seller Ha~~~ Pa e2of5 P~eotUnAx6AA5SOCUnoxoFIL~AI.tO[e5® (Ob/10) Fo1tMNO.5000 g REAL7017 107 G. SELLER'S COVENANTS: Seller agrees to cooperate with Broker, its agents and cooperating brokers fully with respect 10$ to Broker's efforts to market and sell the Property. Seller agrees to refer to Broker all inquiries received relating to the sale, 109 exchange, Lease or option of the Property and to conduct all negotiations with prospective buyers of the Property through 110 Broker. Seller further agrees to furnish Broker any information concerning the Property as Broker may reasonably request 111 from time to tune including, but not limited #o the following: None . 112 Seller has viewed the Broker's marketing package and elects to pay an additional $ -0- at the time 113 of execution of this agreement which shall be used exclusively for additional marketing. 114 H. SELLER'S REPRESENTATIONS: SELLER REPRESENTS AND WARRANTS TO BROKER THAT TO SELLER'S BEST 115 KNOWLEDGE AND BELIEF: 11 b I. Seller (i) holds title to the Property in fee simple; (ii) is authorized and has the capacity to execute and 117 deliver this Listing Contract; and (iii) has the ability to convey a good and marketable title by a deed and/or enter into a 118 sale, exchange, option or lease agreement consistent with Section C, hereof 119 2. The Property: 120 • is zoned Central Business District ; 121 • Is Not located in a Historic District; 122 • is Not located in a flood plain. 123 Seller fwther certifies that there presently exists no defect or condition known to Seller which would adversely affect or 124 materially impair the frtness of the Property for its existing use, EXCEPT: Non® 125 12b 3. There are no ac#ions, suits or proceedings pending or threatened against Seller or the Property before any judicial tribunal 127 or governmental agency, department or instrumentality, which affect any portion of the Property, EXCEPT: 128 None 129 4. There ate no pending or threatened condemnation actions or special assessments of any nature with respect to the Property 130 nor has Seller received any notices of any such condemnation actions or special assessments being contemplated. 131 5. There are no foreclosures pending or threatened with respect to the Property nor has Seller received any notices of any 132 foreclosure action being contemplated. 133 6. Seller has not received any notice in writing or otherwise from any governmental or municipal agency requiring the 134 correction of any condition with respect to the Property or any part thereof; by reason of a violation or alleged 135 violation of any applicable federal or state statute, ordinance, code or regulation, EXCEPT: 136 None 137 7. The Property does not contain any material defects that would aversely affect the market value or existing use of 138 the Property whether or not such defects could be discoverable by a reasonable inspection of the Property. 139 I. MARKETING: Seller authorizes Broker to place and remove "For Sale" and other signs on or from the Property. Seller 140 fiv'tlrer authorizes Broker or cooperating brokers to conduct showings of the Property. Seller represents that adequate insurance 141 will be kept in force to protect Seiler in the event of any damage, loss or claim arising from entry to the Property and 142 Seller shall hold harmless Broker, its agents, Seller's Designated Agent, employees and independent contractors, from any 143 loss, claim or damage resulting therefrom. 144 3. INDEMNITY: Seller agrees to indemnify, defend and hold Broker harmless from any and all claims of every kind and 145 character resulting from or related to Seller's furnishing Broker or causing Broker to be furnished with any false, incorrect 146 or inaccurate information or representations, or Seller's concealment of any material information. If a dispute arises at any 147 time concerning the condition of the Property, the structures, improvements permanently installed and affrxed thereto, 14$ Property defects, ar health hazards, Seller agrees to indemnify, defend and hold harmless Broker and its agents, cooperating 149 broker, the Peoria Area Association of Realtors®, the MLS {if applicable) and the Illinois Association of Realtors® from and 1 SO against any and all claims which they may incur as a result of any dispute. Seller's indemnity obligations shall include any 151 and all demands, liabilities, damages, tosses, judgments, expenses, costs and attorney fees. 1 S2 K. BROKER'S LIEN: For purposes of this Contract, the parties understand and agree that Broker's commission is deemed to 153 be a shaze of the money received by Seller. Broker has the right to pursue appropriate legal remedy until the commission i 54 is paid. 155 L. AUTHORITY TO OBTAIN PROPERTY INFORMATION: If Seller has mortgaged the Property, Seller hereby authorizes 156 the lending institution to divulge alt mortgage information to Broker and to provide copies of the note and mortgage, if 157 requested. Seller also authorizes Broker to obtain historic utility billing information from utility service providers. 158 NL EARNEST MONEY: Not later than the next business day after acceptance of any offer, any earnest money shall be I59 deposited into the Broker's escrow account until the sale is closed unless otherwise provided in the Purchase Agreement. 160 In the event the sale is not closed and the earnest money is forfeited to Seller, then Broker shall be entitled to retain one half ('/Z ) I61 of the earnest money in payment for services rendered, but in no event shall the amount retained exceed the amount of Broker's 162 commission had the transaction beery closed. In the event that any contract for the sale, exchange, option or ]ease ofthe Property 163 does not close for any reason,~any earnest money held by Broker shall be retained until Seller, Buyer and Broker mutually agree 164 in writing as to its disposition or until the disposition is directed by a court order. Upon receipt of a written request by the Seller Seller C~aM~~ Broker PFAxiA AAFw A.4SOCIAIION OF REAL 7'ORS~1 (06/30) FORM NO.5000 Pagc 3 of 5 REALTOR 165 or Buyer for return or delivery of the earnest money, Broker shall promptly give a statement of how Broker proposes to distribute 166 the earnest money. If Broker does not receive written objection to the proposed distribution within thirty (30) days from service 167 of the request and statement, Broker may proceed to distribute the earnest money in accordance with the proposed distribution. In lb8 the event of any dispute regarding the right to the earnest money, Broker shall retain the funds until receipt of joint written 169 instniction of Buyer and Seller or Order of Court. Alternatively, Broker may interplead any fiords held into the Court for 170 distribution after resolution of the dispute, and Broker may retain from the fiords the amount necessary to reimburse Broker for 171 court costs and reasonable attorney's fees incurred due to the interpleader. If the amount held is inadequate to reimburse Broker 172 for its court costs and attorney's fees, Seller shall indemnify Broker for its additional costs and fees incurred. 173 N. TITLE INSURANCE: Except as otherwise provided in the purchase or exchange agreement, Buyer shall be furnished at 174 Seller's expense, a commitment for title insurance in the amount of the sales price or Seller's exchange value showing an 175 insurable title to the Property in Seller's name subject only to easements, taxes and restrictions of record, zoning and matters 176 of survey. If title insurance is not to be used, then Buyer shall be furnished an abstract of title, continued to date, showing 177 marketable title to the Property in Seller's name. 178 O. ADDITIONAL PROVISIONS: Seller and Broker acknowledge that: 179 I. All persons signing below as Seller have read and understand this Contract and have received a copy. 180 2. This Contract contains the entire agreement of the parties and cannot be changed except by their written consent. This 181 Contract supercedes all prior agreements and understandings between the SeIler and Broker with respect to the Property. 182 3. This Contract is binding upon the parties' heirs, administrators, executors, successors and assigns. 183 4. Broker warrants that Broker holds a valid Illinois real estate license. 184 5. Broker may refer Seller to other professionals, service providers or product vendors, including lenders, loan brokers, 185 title insurers, escrow companies, inspectors, surveyors, engineers, consultants, environmental inspectors and 186 contractors. Broker has no responsibility for the performance of any service provider. Seiler is free #o select 187 providers other than those referred or recommended to SeIler by Broker. 188 6. If it becomes necessary for Broker to retain an attorney or initiate any legal proceedings in order to secure 189 compliance with this Contract, then in addition to all other sums Broker may be entitled to recover, Broker shall also 190 be entitled to recover court casts, reasonable attorney fees, pre judgment and post judgment interest and all other 191 costs incurred by Broker in connection therewith Seller acknowledges that Broker shall have all rights granted W brokers 192 under the Commercial Real Estate Broker Lien Act. 193 7. This Contract maybe transmitted between the parties by facsimile machine. The parties intend that faxed signatures 194 constitute original signatures and are binding on the parties. T'he original document shall be promptly executed and/or 195 delivered, if requested. This Contract may be executed simultaneously or in two or more counterparts, each of which 196 shall be deemed an original, but all of which together shall constitute one and the same instrument. 197 8. Broker's commission, if overdue, shall bear interest at two percent (2%) per month. 198 9. Broker is not and shall not be charged with the responsibility for the custody, management, care, maintenance, 199 protection or repair of the Property nor for the protection or custody of any personal property located thereon unless 200 provided for in another agreement. Seller agrees to keep the property in good repair !condition during the term of 201 this Contract. 202 10. Broker's commission for services rendered in respect to any listing is solely a master of negotiation between Broker 203 and Seller and is not fixed, controlled, recommended or maintained by the Illinois Association of Realtors®, the 204 Peoria Area Association of Realtors®, the MLS/CMLS (if applicable} or any person not a party to the contract. The 205 compensation paid by a listing Broker to a cooperating broker in respect to any listing is established by the listing 206 Broker and is not fixed, controlled recommended or maintained by any persons other than the listing Broker. 207 11. Seller Does Not agree to allow Broker to place on the property, (check one) 20$ /~PAAR recommended Electronic KeyBox or~ other entry system `'"~~ 209 may be accessed with an appointment only by Realtors® and Affiliates (which may include Inspectors, 210 Appraisers, Photographers, etc.) 211 12. The parties understand and agree it is illegal for either of the parties to refuse to display or sell seller's property to any 212 person on the basis of race, color, religion, national origin, sex, ancestry, age, marital status, physical or mental handicap, 213 familial status, military status, unfavorable discharge from military service, sexual orientation, or any other class protected 214 by Article 3 of the Illinois Human Rights Act. The parties agree to comply with all applicable federal, state and local 215 fair housing laws. 216 13. Broker agrees, through its designated agent(s), to provide those minimum services set forth in Section 15-75 of the Illinois 217 Real Estate License Act of 2000. • Seller ` Broker PFARfA AReA ASSOCL1110D1 OF REALT'ORS® (06!10) FORM No. 5000 Page 4 of S REALTOR 2I8 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 23b 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 SELLER'S DESIGNATED AGENT I'~1FORMATIU~_i SELLER'S DESIGNATED AGENT SIGNATURE & DATE Jim Mafaof Realty and Gorsuch-Hensley Rear Estate BROKER OR COMPANY NOME 309-647.1502 3Q9-647.8811 TELEPHONE NUMBER Edward L. Ketcham and Curtis Gorsuch SELLER'S DESIGNATED AGENT /PRINTED 418 N. Main 1050 N. Maln MAILING ADDDRESS Cantan, Illinois 61620 CITY, STATE, ZIP 309.647-1521 30949-6469 eketcham~maloofrealty. gorsachauctloncoQyahoo. FAX NUMBER AGENT E-MAIl, ADDRESS SELLER INIORMATIQ~I SELLER'S SIGNATURE & DATE SELLER'S TITLE MAILING ADDRESS TELEPHONE NUMBER 'SELLER°S SIGNATURE & DATE SELLER'S TITLE MAILING ADDRESS TELEPHONE NUMBER pEPxu ARPA AssOCrnTtON OF RfiAL70RS® (06110) PORaf N'0.5000 w t ~:^ra ~o~a~ ~~~ REALT0~1 SELLER'S NAME /PRINTED SOCIAL SECURITY # /FEDERAL ID # CITY, STATE, ZIP FAX NUMBER SELLER'S NAME /PRINTED SOCIAL SECURITY # /FEDERAL ID # CITY, STATE, 7_dP FAX NUMBER page 5 of 5 +~t3237 1 6 JAriES Y. NELSOA COUNTY CLERK $ RECORDER PUL7QN CgUNTY. IL RECORDED Q}1 I1/03/2@$r9 09:4~:34Ari REC FEE: 4.00 PAGES: 2 The Above Space for Recorder's Use Only WARRANTX DEED THIS INDENTURE WITNESSETH, that the Cnrantor, Rick Lillie, an unmarried person, whose current mailing address is 1150 E. Linn Street, Canton, for valuable consideration paid, to wit: Twenty-eight Thousand, Three Hundred Dollars, {$28,300} and good and other valuable consideration, the receipt of which is hereby acknowledged, grants, conveys, and warrants to the City of Canton, Fulton County, Illinois, a municipality duly organized and existing under and by virtue of the laws of the state of Illinois and authorized to transact business in the state of Illinois, whose address is 2 N. Main Street, Canton, Illinois, the following described real estate, to wit: Part of Lot Nine (9) in Jones' First Addition to the City of Canton, situated in Fulton County, Illinois, described as follows: Commencing at a point 24 feet 4'/z inches North of the Southwest Corner of said Lot Nine (9}, thence East 181 '/z feet, thence North 24 feet 4 %Z inches, thence West 181 '/z feet, thence South 24 Feet 4 Yi inches to the place of beginning; and, Part of Lot Nine {9} in Jones' First Addition to the City of Canton, situated in Fulton County, Illinois, described as follows: Commencing at the Southwest Corner of said Lot Nine {9}, running thence North 24 feet 4'/z inches, thence running East l81 '/a feet to the West line of First Avenue, running thence South 24 feet 4 `h inches, running thence West 181 %2 feet to the place of beginning. Subject to conditions, covenants, easements, and restrictions of record. PIN: 09-08-27-410-008 ~ ~j ~_~ ~ ,_ ~ 7_ tl(~ ~ .-- 0 ~ ~ P1N: 09-OS-27-410-009 COMMON ADDRESS: 59 and bl East Side Square, Canton, Illinois 61520 Fulton County Clerk & Recorder Instrument No. 0823716 Page i of 2 Rick Lillie STATE OF ILLINOIS ) SS. COUNTY OF FULTOI+i ) . ~ 1~ The orwardin instrument was acknowledged before me on this _~ day of 200$, Notary Public o-oa it-e s~ardxs Nassrriwoa,u~ SlON111130 31tl1S `~118i1d A2N14N a393M a'tb-NOa `~v~~ ~vl~lj~o This transaction exempt under Section 31-45 (B) of the Real Estate Transfer Tax Law. This instrument prepared by and return to: Chrissie L. Peterson 2 N. Maim Stxeet Canton, IL b1520 (309)647-2738 Fulton County Cleric 8 Recorder Instrument No. 0823716 Page 2 of 2 • PE4R~A AREA ASS~CiATION•OR~REA~.TURS~ ~r..,«« ~ MULTIPI;.E LISTING SERVICE ' ~~ ®. i DISCLOSURE'AND CONSENT.TO"DUAL AGg.NCY {DESIGNATED AGENC'S~ ~ . NOTf~~ TO. CONSUMER: _ TNiIS DOGUtJIENT SERVES THREE PURPOSES. FIRST, IT DfSCLOSES THAT A RE30.L ESTATE LICENSEE MAY POTENTIALLY ACT AS ~A DUAL AGENT, THAT ~IS, .REPRESENT MORE "THAN ONE PARTY TO THE TI2AN5ACTION. SECOND, THIS DOCUMENT EXPLAINS THE' CONCEPT OF DUAL AGENCY. THIRD, THIS DOCUMENT SEEKS YOUR CONSENT TO ALLOW THE REAL ESTATE LICENSEE TO ACT~AS A DUAL AGENT. A•LICEN5EE MAY LE{iALLY ACT AS A DUAL AGENT ONLY •WiTW YOUR CONSENT. ~ 6Y CHOOSING TO .SIGN THIS DOCUMENT, YOUR CONSEN`f TO DUAL AGENCY REPRESENTATION IS PRESUMED. ~ ,;, ,' The•undersigned (°Licensee'), may . ' _ (insert name(s) of Licensee undertaking dual representation) . undertake-a dual,representation (represent both the setter or landlord and the iwyer or tenancy for the~sale or lease of prepeity. The unde~igned.acknowledgethey.were infoRr-ed of the possibility of this type of representation. T3efore signing this document, Please read the following: . , ,Representing more than one party to a transaction presents a conflict of interest since both clients may rely upon Licensee's ~~ advice and the.clienf's respective interests may be adverse to each_other: kicensee will undertake this representation only with the . written consent of ALL clients.in the transaction. • Any agreement betweenthe-dients.as~to~a -final contract price and otherterrns is a result of negotiations between the clients acting ~ their own best interests and on thelr.own behalf. You acknowledge that Licensee has-ezplatned the~impfica'fions of dual representation, includirx3 the risks involved, and understand that you have been advised to-seek independent advice from your advisors or attorneys befoils signing arty documents in this transaction. WHAT A UCENSEE~CAN DO FOR CLIENTS~WHEN ACTING AS A DUAL AGENT:' 3. Treat alt clients honestly. 2. Provide infomzafiori'abouttha property to the buyer or.tenant. 3. Disclose aEl [start material defects in the property that ana`known to Licensee: 4. Disclose financial quatiflcations of the buyer or tenant tb.the seller or landlord. 5. E~Istn real estate terms. ~. 6. Help the buyer ortenant to arrange-fior property inspecctions. 7. Explain Closing costs and proc~edur+es. 8. Welp the buyer compare finandng altemadves. • ~ 9. Prtlvide information about comparable propeHtes that have sdd so both clients may make educated decisions on what price~to accept or offer. WHAT A LICENSEE CANNOT DISCl:OSE TO CLIENTS WHENACTING AS A DUAL AGENT: " .1. Confidential information that Licensee may~know shout a client, without that client's permission: 2. • The prke the seller or latxtk-rd viii take other than the listing. price without permission of the seller or landlorcl. 3. The price~the buyer or tenant is wflling to pay without permission of the buyer ar tenant. 4. A recommended or suggested price the buyer or tenant should offer. 5. A recommended or suggested price the sager or landlori~ should coumter with or accept. • If either cCfeat is uncomfortable w~h this'disGosure .and dual representatbn, please let Licensee know. • You• are not required to sign this:document unless you want•to alkaw the Licensee to proceed as a• Dual Agent in~thIs transaction. ~ . . 13y. sigrttng below, you ~ackrtow[edge .that you• have read and' understand this form artd voluntarily consent to ~the• l,k:ensee ailing as a Dual Agent (that is, torepresent BOTH the salter oriandtord and the.~buyer'or.tenant) should that become necessary. CLIENT CLIENT ~: . pOCUMENT.PRESENTED: .Date: CNents dnitiais.ONy: • Date: . LICENSEE Date: . PBQRIA AREA ASSOG7A170N OP RSAd.TORS® (0604) ' Fars Nw t7p!