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®I�TTTT A IFOR , E OF REAL ESTATE
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THIS CONTRACT, made and entered into this 8th day of August, 1995, by and between the City '
.:., of Jefferson, a municipal corporation of the State of Missouri, hereinafter referred to as City andRx
s Robo of Jefferson City, Inc., 6705 Rt. B, Jefferson City, MO 65101, a Missouri Corporation, ,
hereinafter referred to as Buyer.
ry.
WITNESSETH,for and in consideration of the mutual obligations of the parties hereto, the
City hereby agree to sell and convey unto the Buyer and Buyer a rees to purchase from City, upon
, .. the terms and conditions hereinafter set forth, the real estate situated in the County of Cole, State of
Missouri, which is described as follows: t4 "
Part of Lots nos. 7, 8 and 9, all in block no. 1,
WASHINGTON PARK ADDITION ',•;;�w�:�
TO THE CITY OF JEFFERSON,MISSOURI,per Plat of Record in Plat Book 2,Page
3,Cole County Recorder's Office,more particularly described as follows: ' {�
'< Beginning at the Southwest corner of said lot no. 9;thence North 01 degree 45 minutes
d < '
+h„ 56 seconds East along the Westerly lines of said lots nos. 9,8 and 7,225.71 feet to the ,. ;
Northwest corner of said lot no. 7;thence South 67 degrees 21 minutes 11 seconds '"
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East along the Northerly line of said lot no. 7, 108.00 feet; thence leaving said
Northerly line on a bearing of South 01 degree 35 minutes 28 seconds East,86.98 feet ! �
to a point on the North line of said lot no. 8;thence South 00 degrees 31 minutes 32
seconds East, 100.06 feet to a point on the South line of said lot no. 9;thence North ', "
88 degrees 26 minutes 23 seconds West along the South line of said lot no. 9, 110.00
feet to the POINT OF BEGINNING.
In consideration of the covenants and obligations herein, the parties agree as follows:
Y� 1. Purchase Price.
A onsideration. The Buyer offers to purchase all the City's right, title and interest ,
in the property for fifty thousand dollars ($50,000.00),payable$5,000.00 herewith
as earnest money, receipt of which is hereby acknowledged, and the balance on or
before the 13th day of October, 1995, or at such date as the parties may mutually {
h agree (the "Closing Date"). '
shall be closed at the offices of Seller on or
2. Closing. The sale under this contract
f before the 13th day of October, 1995, or at such other time and place as the parties may mutually
Y ;
agree. If there are defects in the title to the property which require correction, then the time of
closing may be extended by the application of the provisions of the general closing conditions and
sale practices contained herein. Seller agrees to pay the cost of the abstract or title insurance for this
property. {
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IN a,' ' «`k�r.��] �t 't,. �5t o t'rrP),n �f.(�tt".tS� �i-u:r~-'A'�.r#r. .��
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3. �YAtability of 7Citle. It is understood and agreed that the Property shall be
conveyed clear, marketable title as set forth in Title Sta
ed with
Y g ndard 4 of the Missouri Bar ,
Association,subject to the following exceptions(hereinafter the "Permitted]Exceptions"): (1) prior
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approval of the City Council; (2)any covenants, restrictions, reservations, and easements of record;
and (3) all applicable zoning and building laws, regulations and ordinances. It is also understood
a: and agreed that any other encumbrance or defect in the title which is within the scope of any of the
Title Standards of the Missouri Bar shall not constitute a valid objection on the part of the Buyer;
k} a provided the City furnishes the affidavits, or other title papers, if any, described in the applicable :4
standard.
4. Deed.On or before the Closing Date, the City shall have completed its obligations
under Paragraph 5, and the City shall execute and deliver to the Buyer a General Warranty Deed for % a7
the Property, in recordable form (i.e., signed and acknowledged), conveying fee simple title to the
Property to the Buyer, subject only to the Permitted Exceptions. t
i dry 4„rJ
5• ]Evidence of Title.
Prior to the Closing Date, the City shall provide evidence of good
> and marketable title to the Property.
6. Possession. On and after the Execution of this Contract, the Buyer shall be entitled Yxf' X;3
to immediate possession of the Property. Failure of City to deliver possession to the Buyer, free
N. from the interest of any tenant or other parties,on the date of closing,shall constitute a breach of this
Agreement.
7. Inspection of the Property. The Buyer, at his expense, shall have the right to y ;.
conduct such investigations, inspections and inventories of the Property as it deems reasonable or
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necessary prior to the Closing Date. },�j°F
8. Removal of Personal Property. Immediately upon the execution of this contract,
the City, at its own expense, shall remove all livestock, personal property, and equipment City gig.
^! ” desires to keep from the Property.
9. I uranee.The City is responsible for maintaining liability and other insurance on
the premises through the date of closing to protect their interests. The Buyer assumes no duty to
insure the property, for any loss or liability, until after closing, however, Buyer assumes
responsibilities for any activities it conducts on the property prior to closing. '
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10. Staws Ouo MainWned.The Property shall be preserved in its present condition and
the City shall deliver it intact at the time possession to the Buyer is given. All risk of loss or damage
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-�' to the Property Y is on the City until the Buyer takes possession. Prior to possession by the Buyer, the
City shall give prompt written notice to the Buyer of any loss or damage to the Property. In the eventw'
of loss, damage or destruction of all or part of the Property, the Buyer shall have the option to
, z terminate this Agreement effective immediately. However,in the case of loss, damage or destruction :.
4 of all or part of the Property from causes covered by insurance, the Buyer shall have the option to _
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T k°t either: (1) take possession of the Property and accept an assignment of all City's right, title and
interest in and to any claims the City has under the insurance policies covering the p g Property; or (2) '
terminate this Agreement effective immediately. L ''
. The City will be responsible for all federal, state,county and municipal back
taxes, general or special, which are a lien on the Property. `
12. Special Assessmen G. City shall pay in full all special assessments on the Property
which have been certified before the Closing Date.
r :; 13. Ume s®f The�e�'nC . Time is of the essence in this Agreement. If City does not '
perform its obligations created in this Agreement in a timely fashion, then, except as provided in
Paragraph 4,the Buyer reserves any other recourse or remedy against City that is provided by law.
� 14. jaeases. The City represents and warrants to the Buyer that there are no leases,
tenancies or other rights of occupancy for use for an
g p y y portion of the Property. The foregoing ��,}`�.•�,
;,; . ' representation and warranty shall survive the Closing Date. The City shall hold harmless and
indemnify the Buyer from and against any claims which may arise or be based upon any alleged
leasehold interest, tenancy or other right of occupancy or use of any portion of the Property.
,.
. This document shall apply to and bind r
the heirs, executors, administrators, partners, assigns and successors in interest of the respective ;si
parties. .r .
16. Intention of se of Words and 'r.,K`
?Phrases. Words and phrases contained herein,
Y including the acknowledgement clause,shall be construed as in the singular and plural number, and
as masculine, feminine or neuter gender, according to the context.
�f,•_;,..,. Nit' ,{%{`,r"�}�.^
17. Paragraph Headings. The paragraph headings contained herein are for convenience
in reference and are not intended to define or limit the scope of any provision of this document.
x - 18. No Brokers. Each party hereto represents to the other that no real estate broker A
commission shall be due on the conveyance contemplated by this Contract.
`¥ 19. Law of Missouri. The Contract shall be construed according to the laws of the State
pv .ir
of Missouri. Upon acceptance of this Contract,the City shall comply with all local,state,and federal
laws and regulations related to the performance of the Agreement to the extent that the same may x,a.
be applicable.
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" 1. Fnare Agreement.i Agreement
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IN TESTim nEOF, the parties have hereunto set their hands and seals this
+ CITY OF • • MISSOURI +
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Mayor
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Ci�Clerk
APPROVED RM:
City Counselor
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• • : • OF •
Pres j �
Brian P. Schrimpf, Secre%
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G am' Rebecca McDowell Cook
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- `� CORPORATION DIVISION �F " '
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CERTIFICATE OF CORPORATE GOOD STANDING la
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REBECCA
K , SECRETARY OF STATE OF THE STATE °• ;; r' r`;
al OF MISSOURI , DO HEREBY CERTIFY THAT THE RECORDS IN MY OFFICE
AND IN MY CARE AND CUSTODY REVEAL THAT
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ROBO OF JEFFERSON CITY , INC.
# WAS INCORPORATED UNDER THE LAWS OF THIS STATE ON THE 10TH :
DAY OF MAY, 1967, AND IS IN GOOD STANDING, HAVING FULLY
nJ°` COMPLIED WITH ALL REQUIREMENTS OF THIS OFFICE• 4"0.Aa,,,=
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'AFU IN TESTIMONY WHEREOF, I HAVE SET MY °*' « • ` � *'~" 'l`;
' HAND AND IMPRINTED THE GREAT SEAL OF
THE STATE OF MISSOURI , ON THIS, THE
°4a 21ST DAY OF SEPTEMBER, 1995- F. ' O
No
Secretary of State
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