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HomeMy Public PortalAboutORD15066 BILL NO. 2012-128 SPONSORED BY COUNCILMAN Scrivner ORDINANCE NO. / AN ORDINANCE OF THE CITY OF JEFFERSON, MISSOURI, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE AN AGREEMENT WITH MISSOURI AMERICAN WATER COMPANY FOR THE SALE OF LOT 6, SECTION 2, OF THE CHERRY CREEK SUBDIVISION. BE IT ENACTED BY THE COUNCIL OF THE CITY OF JEFFERSON, MISSOURI, AS FOLLOWS: Section 1.The Mayor and City Clerk are hereby authorized and directed to execute an agreement with Missouri American Water Company. Section 2. The agreement shall be substantially the same in form and content as the agreement attached hereto as Exhibit 1. Section 3. This Ordinance shall be in full force and effect from and after the date of its passage and approval. Passed: Approved: /�� 4)e?, Presi Mayor ATTEST: APPROVED AS TO FORM: ity Clerk City Counselor PURCHASE AGREEMENT This Purchase Agreement ("Agreement") is made this '7'T day of -D E C E"8 E 2 , 2012,by MISSOURI-AMERICAN WATER COMPANY, a Missouri corporation with offices located at 727 Craig Road, St. Louis, MO 63141 ("Purchaser"), and CITY OF JEFERSON, MISSOURI, a political subdivision, with a mailing address of 320 E. McCarty St, Jefferson City, MO 65101 ("Seller"), subject to all the following terms and conditions: 1. Subject of the Purchase and Sale. Purchaser agrees to purchase from the Seller and the Seller agrees to sell to Purchaser the real estate and any improvements thereon, in part of Lot No. 6 of Cherry Creek—Section 2, in the City of Jefferson, Missouri per plat of record in Plat Book 12,Page 666, Cole County Recorder's Office, being more particularly described as follows: From the Northeast corner of said Lot 6; thence South 6 degrees 6 minutes 21 seconds East, along the Easterly line of said Lot 6, 285.55 feet to the POINT OF BEGINNING for this description; thence South 6 degrees 6 minutes 21 seconds East, continuing along the Easterly line of said Lot 6, 218.65 feet; thence South 84 degrees 13 minutes 47 seconds West, 437.76 feet to a point on the Westerly line of said Lot 6, also being the Easterly right-of-way line of Rock Hill Road (Mo. Highway 179); thence North 4 degrees 32 minutes 20 seconds West along the Westerly line of said Lot 6, also being the Easterly right-of-way line of Rock Hill Road (Mo. Highway 179), 56.45 feet; thence North 8 degrees 9 minutes 16 seconds West, continuing along the Westerly line of said Lot 6, also being the Easterly right-of-way line of Rock Hill Road (Mo. Highway 179), 159.76 feet; thence leaving the Westerly line of said Lot 6,North 83 degrees 53 minutes 39 seconds East 441.92 feet to the POINT OF BEGINNING; containing 2.19 acres. Said tract of land also being shown as Tract 6B and shown hachured/////on the attached Parcel Division drawing marked Exhibit A attached hereto and incorporated herein ("Property"). 2. Purchase Price. The Purchase Price for the Property shall be Two Hundred Seventy Seven Thousand Seven Hundred Sixty Nine Dollars and Two Cents ($277,769.02) ("Purchase Price") for the Property being purchased. Said Purchase Price is to be payable as follows: a) The sum of Five Thousand Dollars ($5,000.00) ("Earnest Money") said payment is to be deposited in escrow by Purchaser with Cole County Abstract and Title Company located at 240 E. High Street, Jefferson City, MO 65101 ("Title Company"), which said Earnest Money shall be applicable against the Purchase Price to be paid at Closing. Said Earnest Money shall be deposited by Purchaser within seven (7) days following receipt of the signed Agreement from the Seller. 1 1/28/2010 b) The sum of Two Hundred Twenty Two Thousand Seven Hundred Sixty Nine Dollars and Two Cents ($272,769.02) will be due from Purchaser on the date of Closing. 3. Title to the Property. Title to the Property shall be good and merchantable and shall be conveyed to Purchaser by a Special Warranty Deed free and clear of any and all liens, claims and interests of any kind or nature whatsoever except the following: a) current real estate taxes not delinquent; and b) such other liens, rights and encumbrances as may be approved by Purchaser pursuant to Paragraph 6 hereof("Permitted Exceptions"). As evidence of such title, Purchaser shall at Purchaser's sole cost and expense, within fifteen (15) days after the date of acceptance of this Agreement, order a commitment (hereinafter"Title Commitment") for an ALTA Form B owner's policy of title insurance issued by the Title Company, together with legible copies of all instruments identified as exceptions in the Title Commitment, in which Title Commitment the Title Company shall agree to insure in an amount equal to the Purchase Price that upon the delivery of a Special Warranty Deed from Seller to Purchaser, Purchaser shall have fee simple title to the Property free and clear of all matters normally excluded by the preprinted exceptions and of all liens, encumbrances, claims and interests except for Permitted Exceptions. The Title Commitment shall also include such endorsements as the Purchaser shall request in a form acceptable to Purchaser. 4. Survey. Purchaser may obtain, at Purchaser's sole expense, a current survey of the Property ("Survey") prepared and certified to Purchaser by a surveyor licensed in the State of Missouri. The certificate of survey shall be in accordance with the Minimum Standard Detail Requirements for ALTA/ACSM Land Title Surveys, shall contain a legal description of the Property and shall identify the boundaries of the Property, the dimensions and area thereof, the location and dimensions of any improvements on the Property, the location and dimensions of all recorded easements on the Property, the location and dimensions of all easements,rights-of-way, driveways,roads, power lines, fences and encroachments on the Property which are observable from a visual inspection of the Property, and access to public roads or rights-of-way. The certificate of survey shall further certify that no part of the Property lies within a designated flood plain or flood hazard area. If upon receipt of the certificate of survey, Purchaser has any objection to a matter shown therein which affects or could affect the Property or Purchaser's use of the Property, Purchaser shall promptly notify Seller of said objection(s) in writing and Seller shall have fifteen(15) days after receiving such written notice from Purchaser to correct such matters to Purchaser's reasonable satisfaction. If Seller fails to correct such matters to Purchaser's reasonable satisfaction within said fifteen (15) day period, Purchaser 2 1/28/2010 shall have the right to terminate the Agreement by written notice given to Seller on or prior to the date of Closing, in which event the Earnest Money shall be refunded to Purchaser and neither party shall have any further liability under the Agreement. S. Zoning and Construction Approval Contingency. This Agreement is contingent upon the Purchaser receiving all necessary zoning, construction and permit approvals (collectively"Zoning and Construction Approvals") for Purchaser's intended use of the Property. If the Purchaser does not receive said zoning, construction and permit approvals, Purchaser shall have the option of terminating this Agreement and shall be refunded all of the Earnest Money. 6. Environmental Assessment, Engineering Reports and Soil Tests. Purchaser may also obtain, at its sole cost and expense: a) Environmental assessments prepared by a qualified environmental consulting and engineering firm which shall indicate that the Property is not now being used nor has any of the Property been used for any activities involving, directly or indirectly,the use, generation,treatment, storage or disposal of any hazardous or toxic chemical, material, substance or waste, including without limitation, any hazardous substance for the clean-up of which the Purchaser or any subsequent owner of the Property could be enjoined or subjected to any damages,penalties, clean-up costs or other liabilities under the provisions of the Comprehensive Environmental Responsibility Compensation and Liability Act of 1980, 42 U.S.C. 9601, et sec.. or other Federal, state or local laws, statutes or ordinances respecting hazardous substances, petroleum, asbestos or polychlorinated biphenyls (PCBs) (`Environmental Reports"). Such reports shall be satisfactory to Purchaser in its sole discretion. b) Engineering feasibility study(ies) ("Engineering Study") of the Property prepared by an engineering firm acceptable to Purchaser. Such report shall be satisfactory to Purchaser in its sole discretion. c) Soil tests("Soil Tests") of the Property prepared by a soil testing firm acceptable to Purchaser. Such Soil Tests report shall be satisfactory to Purchaser in its sole discretion d) To the extent practicable, Purchaser shall restore the Property to its former state prior to the performance of Purchaser's environmental assessments, engineering feasibility study and soil tests described in said Paragraph 6 (a-c). Upon receipt of all of(i) the Title Commitment; (ii) all instruments and documents, if any,referenced therein as exceptions ("Exception Documents"); 3 1/28/2010 (iii) the Survey; (iv) the Environmental Reports; (v) the Engineering Study, and (vi) the Soil Tests, and within sixty(60) days after Seller's acceptance of this Offer, Purchaser shall give Seller written notice of any exceptions enumerated in the Title Commitment or Exception Documents and/or any states of fact shown on the Survey, the Environmental Reports, the Engineering Study or the Soil Tests which are unacceptable to Purchaser, which exceptions may include cost projections or governmental impositions which, in Purchaser's sole discretion, are deemed unacceptable. Seller shall have fifteen(15) days after receipt of that notice to have those exceptions removed and/or those states of fact corrected. If Seller is unable to remove said exceptions and/or correct said states of fact, then i) the Agreement contemplated herein, at the option of the Purchaser, shall terminate, ii) the Earnest Money shall immediately be refunded to Purchaser and iii) all obligations and liabilities of the parties hereunder shall cease. 7. Representations and Warranties of Seller. Seller represents and warrants to Purchaser.that the following statements are, and at Closing will be, true statements of law and fact: a) Neither the execution and delivery of this Agreement,nor the consummation of the transactions contemplated hereby, nor the compliance with or fulfillment of the terms and conditions hereof, will conflict with, or result in a breach of, the terms, conditions or provisions of, or constitute a default under any agreement to which Seller is a party or by which Seller is otherwise bound; and b) Seller has full right,power and authority to sell, transfer, convey and assign all of the Property to Purchaser and there are no legal, contractual or other restrictions on Seller's ability to sell, transfer, convey and assign all of the Property to Purchaser; and c) There are no mechanic's or materialman's liens against the Property, and no unpaid claims for labor performed,materials furnished or services rendered in connection with constructing, improving or repairing the Property in respect of which liens may or could be filed against the Property; and d) To Seller's knowledge, there are no public assessments against any of the Property or any claims pending which would result in the creation of any liens for any public improvements, including but not limited to water, sewer, street,paving, electric or power improvements, whether such improvements have been completed or are in progress; and e) The Property is not subject to any easements, rights, duties, obligations, covenants, conditions, restrictions, limitations, agreements, liens or encumbrances not of record; and 4 1/28/2010 f) There are no parties currently in possession of the Property other than Seller; and g) Seller has not made any contract to sell or lease all or any part of the Property to any person other than Purchaser,nor has Seller given to any person an option or right of first refusal which is presently exercisable to purchase all or any part of the Property; and h) To the best of Seller's knowledge, Seller has good and marketable title to the Property, free and clear of all liens, leases,restrictions and encumbrances, except(i) current real estate taxes not delinquent; (ii) easements, restrictions and encumbrances of record on the date hereof, (iii) those matters that would be disclosed by an accurate survey and inspection of the Property; and i) To Seller's knowledge, no existing condition of the property or its operation exists which violates any government code,rule, statute, ordinance or regulation; and j) No fact or condition will exist which would result in the termination of the current access from the Property to any presently existing highways and/or roads adjoining or situated on the Property, or to any existing sewer or other utility facilities servicing, adjoining or situated on the Property; and k) Seller knows of no defects of the Property; and 1) To Seller's knowledge, there are no actions, suits, proceedings or investigations pending or threatened against the Seller or the Property before any court, administrative agency or other body and no judgment, order, writ, injunction, decree or other similar command of any court or other governmental agency which is presently in effect, has been entered against the Property or served on or entered against Seller in connection with the Property; and m) Seller is not involved in any proceedings by or against Seller in any court under the Federal Bankruptcy Code or any insolvency or debtor's relief act, whether state or federal, or for the appointment of a trustee, receiver, liquidator, assignee, sequestrator or other similar official of a substantial part of Seller's Property; and n) To the best of Seller's knowledge,the Property (i) contains no facilities that are subject to reporting under Section 312 of the Federal Emergency Planning and Community Right-to-Know Act of 1986 (42 U.S.C. 11022); (ii) is not the site of any underground storage tanks; (iii) is not listed on the Comprehensive Environmental Response Compensation and Liability 5 1/28/2010 Insurance System (CERCLIS) in accordance with Section 116 of the Comprehensive Environmental Response, Compensation and Liability Act (42 U.S.C. 9616); and (iv) contains no environmental defects; and o) To the best of Seller's knowledge, there has not been constructed, deposited, stored, disposed,placed or located on the Property any Hazardous Materials at any time while Seller has owned the Property. As used herein, "Hazardous Materials" means any elements, compounds, solutions, mixtures, substances, materials or other matter of any kind, including solid, liquid or gaseous materials which are (i) listed or defined as a"hazardous waste,""extremely hazardous waste,""restricted hazardous waste," "hazardous substance"or"toxic substance" under any municipal, state or federal law, code, ordinance or other regulation, (ii) petroleum, oil and gas, (iii) asbestos, (iv) polychlorinated biphenyls, (v) designated a"hazardous substance"pursuant to Section 311 of the Federal Water Pollution Control Act (33 U.S.C. 1317), (vi) defined as"hazardous waste"pursuant to Section 1004 of the Federal Resource Conservation and Recovery Act,42 U.S.C. 6901, et sue. (42 U.S.C. 6903), (vii) defined as a "hazardous substance"pursuant to Section 101 of the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. 9601, et seq. (42 U.S.C. 9601) (CERCLA), (viii) defined as a toxic substance in the Toxic Substance Control Act (1511 U.S.C. 2601, et sue.), (ix) contaminant of soil or ground water and cause degradation of the soil and/or water to the extent that mitigation methods are needed to restore the soil or water to its natural state, or(x) causes or contributors to damage to human health or the environment; and p) Seller agrees to furnish to Purchaser any information concerning the Property requested by Purchaser that Seller presently has and as may come into the possession of Seller from and after the date hereof; and q) Seller agrees to either terminate all leases involving the Property or agree to have the Property removed from the terms and conditions of said leases. 8. Covenants of Seller. Seller hereby covenants and agrees: a) Seller shall promptly inform Purchaser upon receiving any notice of any alleged violation of and shall comply with any material aspect of any statute, ordinance, law, rule, regulation or code of any governmental authority having jurisdiction relating to the Property or the use, occupancy or operation thereof, or any restriction, condition, covenant or agreement concerning the Property or the use, occupancy or operation thereof. b) Seller shall give Purchaser, its representatives, agents and contractors immediate access to the Property for purposes of inspection and testing, 6 1/28/2010 including without limitation the Environmental Report, Engineering Study and Soil Tests. c) Seller shall not enter into any agreement with any other party for the lease, option to purchase, or sale of the Property while this Agreement is in effect. In addition, Seller will not convey any easements or licenses on the Property while this Agreement is in effect. 9. Conditions Precedent to Purchaser's Obligations. The obligations of Purchaser hereunder shall be subject to the fulfillment of the following conditions precedent each of which shall have been satisfied at or before Closing, or such other time as stated herein; provided, however, that Purchaser may conditionally or unconditionally waive any one or more of such conditions in Purchaser's sole discretion: a) All of the documents delivered by Seller to Purchaser pursuant to the terms and conditions hereof shall have been delivered within the time specified herein and shall be in form and substance satisfactory to Purchaser. b) Each of the representations and warranties of Seller contained herein shall be true as of the date of Closing. c) Seller shall have complied with, fulfilled and performed each of the covenants, terms and conditions to be complied with, fulfilled or performed by Seller hereunder. d) The Title Commitment, Survey, Engineering Study, Environmental Reports and Soil Tests shall disclose no exceptions to or conditions of title unsatisfactory to Purchaser, in Purchaser's sole discretion. e) The Property is not located within a Flood Plain and does not have any Wetlands located on it. f) Seller shall duly and diligently observe and perform each of the obligations of Seller under the terms of this Agreement. g) Purchaser shall have obtained all governmental approvals necessary for the use and development of the Property for its intended use and occupancy. h) The soil and ground water conditions of the Property are satisfactory to Purchaser, in Purchaser's sole discretion. i) No statement of fact shall have been revealed subsequent to the Survey, Title Commitment, the Environmental Report, the Engineering Study or 7 1/28/2010 the Soils Tests which have a materially detrimental effect on the condition of the Property, Purchaser's intended use of the Property or the costs of construction of Purchaser's improvements thereon in Purchaser's sole discretion. j) All utilities required for the operation of the facilities proposed by Purchaser shall be on or directly adjacent to the Property and permission shall have been granted by the appropriate public authority to connect to the same. Nothing herein contained shall be interpreted as obligating the Purchaser to accede to any requirement imposed by any governmental unit as a condition for the favorable resolution of the foregoing contingencies. Any contingent provision in respect to which unacceptable requirements are imposed, as determined by Purchaser, in its sole discretion, shall be deemed to be unresolved. 10. Closing. Closing of the transactions contemplated hereby shall occur at the Title Company on such a date designated by Purchaser which is not more than thirty (30) days after the date all conditions precedent to Purchaser's obligations hereunder have been satisfied or waived but in no event later than thirty(30) days after the expiration of the inspection period set forth in Paragraph 6; provided, however, that if on the last date available for Closing, zoning or other developmental approvals relating to the construction of the facilities and the use and development of the Property for Purchaser's intended use are still pending, the parties agree that the time for Closing shall be extended to a date which is thirty(30) days after such proceedings have been concluded and the result thereof has become final and unappealable. The consummation of the sale and purchase contemplated hereunder is referred to herein as the "Closing." 11. Possession Upon Execution. Possession of the Property shall be delivered to Purchaser at the time of Closing. 12. Considerations of Seller. At the Closing, Seller shall execute and/or deliver to Purchaser the following instruments, documents and considerations, all of which shall be in form and substance satisfactory to Purchaser: a) A Special Warranty Deed conveying the fee simple estate in the Property to Purchaser subject only to the Permitted Exceptions; b) A non-foreign affidavit,properly executed, containing such information as shall be required by the Internal Revenue Code and the regulations issued thereunder sufficient to establish that Seller is not a"Foreign Person" (as defined in the Internal Revenue Code and the regulations issued thereunder); 8 1/28/2010 c) Any forms required by the State of Missouri concerning selling of real property; d) A closing statement; e) A marked up commitment for an ALTA Form B Owner's policy, insuring good and marketable title to the fee simple estate in Purchaser on the date of Closing, subject only to the Permitted Exceptions, and with any endorsements required by Purchaser pursuant to Paragraph 3 of this Agreement; f) All organizational documents and resolutions of Seller authorizing the conveyance of the Property to Purchaser; g) Such other instruments, documents and considerations which may reasonably be required by the state, county or municipality in which the Property is located, as well as any documents required by the Title Company, Purchaser or Purchaser's counsel to consummate the transaction evidenced by this Agreement. 13. Considerations of Purchaser. a) At the Closing, Purchaser shall pay to Seller the Purchase Price, less any closing prorations as hereinafter provided. b) Purchaser shall maintain its facilities to be constructed in compliance with all applicable rules, laws, ordinances, statutes, codes and regulations. 14. Closing Prorations. a) Expenses/Revenues. There are no continuing expenses relating to the Property except non-delinquent Property taxes and assessments. All other expenses shall be paid by Seller and cancelled as of the date of Closing. All rents, income issues and profits of the Property, if any, shall be prorated between Seller and Purchaser as of the date of Closing, with continuing rents, income, issues and profits from the date of Closing(if any) allocated to Purchaser. b) Closing Costs. Any Closing fees charged by the Title Company shall be shared equally by the.Purchaser and Seller. Other Closing Costs shall be paid as follows: i) Seller's Expenses. Seller agrees to pay all costs of releasing existing loans and recording the releases; preparation of the Special Warranty Deed (see Section 3), any transfer taxes on the sale of the 9 1/28/2010 Property, if any; and other expenses stipulated to be paid by the Seller under the provisions of this Agreement. ii) Purchaser's Expenses. Purchaser agrees to pay the cost of the Title Insurance Policy and any endorsements; the costs of the Survey, Environmental Report, Engineering Study and Soils Test; and other expenses stipulated to be paid by Purchaser under other provisions of this Agreement. 15. Taxes and Assessments. Seller shall pay, or cause to be paid, all real estate taxes relating to the Property assessed for all calendar years prior to the Closing and shall pay, or cause to be paid, that portion of such taxes assessed for and becoming a lien during the calendar year of the Closing as shall be allocable to it for the period through and including the date of the Closing. A credit shall be allowed to Purchaser at Closing for any such taxes which are not then due and payable. If the tax rates applicable to such taxes for any such year have not been determined by the Closing, the most current tax rate shall be used. Purchaser shall pay all assessments for municipal or other public improvements becoming a lien on the Property after the Closing and Seller shall pay all assessments becoming a lien prior thereto. 16. Damage and Destruction; Condemnation. All risk of loss or damage to the Property occurring subsequent to the date hereof shall be borne by Seller to and including the date of Closing. If any of the Property shall suffer a loss by fire, flood, tornado, accident or other cause after the date hereof and on or before the date of the Closing, or if proceedings to take or condemn the whole or any part of the Property for public or quasi-public use under any statute or by the right of eminent domain are commenced or threatened prior to the date of Closing, then . Purchaser may, at its option, either consummate or not consummate the transactions contemplated hereby. If Purchaser elects to consummate such transactions,then all insurance proceeds payable in respect to such casualty and/or any and all damages or awards payable in respect to such taking or condemnation shall be paid to Purchaser. If Purchaser elects not to consummate such transactions, this Agreement shall terminate, the Earnest Money shall be returned to Purchaser and this Agreement shall be of no further force and effect. 17. Termination. In the event that (a) any one or more of the conditions precedent set forth herein is not fulfilled on or before Closing, (b) Purchaser discovers that any representation or warranty made by Seller herein was, on the date of this Agreement, or at any time thereafter, inaccurate or untrue in any respect, or(c) Seller fails to comply with or perform any one or more of the covenants, terms and conditions to be complied with or performed by it hereunder, then, and in any such event, Purchaser shall have the right, at its election and in addition to any other rights or remedies it may have at law or in equity to terminate this Agreement. In the event that this Agreement is so terminated, Purchaser shall be released from all further obligations and liabilities hereunder and the Earnest 10 1/28/2010 Money shall be promptly returned to Purchaser. Purchaser shall also have the right to pursue all appropriate remedies including damages and specific performance, for any breach hereof and shall be entitled to recover reasonable attorney's fees incurred in connection with any such action. If Purchaser fails to observe or perform any of the terms and conditions hereof to be observed or performed by Purchaser, then Seller shall be permitted to pursue any monetary damages (but not specific performance) for such breach including reasonable attorney's fees. 18. Survival of Representations,Warranties and Covenants. All representations, warranties and covenants contained herein shall survive the execution hereof and the consummation of the transactions contemplated herein, and shall not be deemed to be merged into the deed to be delivered by Seller to Purchaser hereunder. All statements contained in any schedule, certificate or other instrument, document or other consideration delivered at any time by Seller to Purchaser in connection with the transactions contemplated herein shall constitute representations and warranties hereunder. 19. Expenses; Brokerages. Except as herein specifically provided to the contrary, each of the parties hereto shall bear its own expenses incurred in connection herewith, and no party shall be liable to any other party for any of such expenses, whether or not the transactions contemplated by this Agreement are consummated. Each of the parties hereto covenants that it has not employed any broker, finder or agent pursuant to any implied or written agreement whereby the other of such parties is or will be obligated to pay any broker's commission for bringing the parties together or bringing about this Agreement or the transactions contemplated herein. 20. Miscellaneous. This instrument contains the entire agreement between the parties and supersedes all prior oral or written understandings, agreements or contracts, formal or informal,between the parties hereto. This provision and each and every other provision of this Agreement may not, under any circumstances, be modified, changed, amended or any provisions hereunder waived verbally,but only may be modified, changed, amended or provisions hereunder waived by an agreement in writing and executed by all parties hereto. This Agreement shall be construed under and governed by the laws of the State of Missouri. 21. Notices. All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given as of the date of mailing when delivered in person or sent by registered or certified mail (return receipt requested), postage prepaid, or Federal Express,UPS or other overnight mail carrier, addressed as follows: To Purchaser: Missouri-American Water Company Dave Moore- Legal Department 727 Craig Road St. Louis, MO 63141 11 1/28/2010 To Seller: Drew W. Hilpert, City Counselor City of Jefferson 320 E. McCarty St. Jefferson City, MO 65101 or to such other address as may be furnished in writing by a party to the other. 22. Successors and Assigns. The terms, provisions, covenants, agreements and conditions contained in this Agreement shall apply to, inure to the benefit of, and be binding upon, the parties hereto and upon their respective heirs, legal representatives, successors and assigns. 23. Assignment. Purchaser shall have the right to assign its interest in this Agreement to any affiliated or related entity. 24. No Waiver. No failure on the part of either party at any time to require performance by the other parry of any term hereof shall be taken or held to be a waiver of such term or in any way affect such party's right to enforce such term, and no waiver on the part of either party of any term hereof shall be taken or held to be a waiver of any other term hereof or the breach thereof. 25. Severability. The invalidity or unenforceability of any particular provision hereof shall not affect the other provisions, and this Agreement shall be construed in all respects as if such invalid or unenforceable provision had not been contained herein. 26. Expiration of Time Periods. If any date specified herein is, or any period specified herein expires on, a Saturday, Sunday or holiday, then such date or expiration date of such period, as the case may be, shall be extended to the next succeeding business day. 27. Easements. Seller agrees to convey, at no cost to Purchaser, an easement twenty four(24) feet wide, for ingress and egress purposes on Tract 6A as shown highlighted in yellow on the attached Parcel Division drawing marked Exhibit A. The form of easement document to be used to convey said ingress and egress easement is attached as Exhibit B. Furthermore, when the driveway serving the fire house property on Tract 6A is installed, Purchaser shall have the right of ingress and egress over said driveway and Seller also agrees to extend and pave a branch driveway, approximately twenty four(24) feet wide, from said driveway serving the fire house to the Property, at no cost to Purchaser. 28. Duration of Offer. This offer shall expire if written acceptance endorsed hereon is not delivered to Purchaser on or before 5:00 P.M. on D Ec Ewm eLR 21, 2a u. 12 1/28/2010 EXECUTED as of the date first above written. PURCHASER: MISSOURI-AMERICAN WATER COMPANY a Missouri corporation B Kevin Dunn, Director of Engineering ACCEPTANCE OF AGREEMENT Seller hereby accepts the foregoing Agreement and agrees to sell and convey the Property to Purchaser upon and subject to the terms and conditions set forth herein. Dated this �—day of ' 2012. SELLER: CITY OF JEFFERSON, MISSOU BY: L Eric J emph, ayor ATST: � a, L,J �)"",, ,,l Phyllis Powell, City Clerk APPROVED AS-TO FORM: Drew W. Hilpert, City Counselor 13 1/28/2010 c tay.cirtp7stn,a I TRACT 5-02 ✓v,vavm r�vl.',r.ua i i TRACT 5-83 + PARCEL DIVISION _ 5 aatwM t..'L )4'YR+ita[FrxE ZS.D. I I mo' BLDG. i MADE ON IN ACCORDANCE N. 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SITE EOCAnON MAP-NOT TO SCALE Iw ) F Y_ I T A' INGRESS & EGRESS EASEMENT KNOW ALL MEN BY THESE PRESENTS, on this day of 20___, that the undersigned CITY OF JEFFERSON, MISSOURI, a political subdivision of the State of Missouri ("GRANTOR"), owner of , according to the plat thereof recorded in Page of the Cole County Records,having acquired title to said tract of land by deed recorded in Book Page of the Cole County Records, for and in consideration of the sum of One Dollar($1.00) to them in hand paid by the MISSOURI-AMERICAN WATER COMPANY, a Missouri corporation with offices located at 727 Craig Road, St. Louis, Missouri, 63141 ("GRANTEE"), the receipt of which is hereby acknowledged, and for other good and valuable considerations do by these presents grant, sell, convey, and confirm,unto GRANTEE, its successors and assigns, an easement twenty four(24) feet wide("Ingress & Egress Easement") for the purpose of ingress and egress on the strip or strips of ground described as shown hachured/////on the attached "Easement Plat," marked Exhibit A,which is initialed by the undersigned and made a part hereof. GRANTEE, its agents and contractors, shall have the right to install and maintain a driveway consisting of gravel,rock and/or pavement over and across the Ingress &Egress Easement, said driveway shall be used, with or without vehicles and equipment, to access GRANTEE's property. In addition, GRANTEE, its agents and contractors, shall have the right to use, with or without vehicles and equipment, any driveways and roadways serving the firehouse that are installed within the limits of the Ingress &Egress Easement. IN WITNESS WHEREOF, this instrument has been executed on this day of 520 EXHIBIT "B" CITY OF JEFFERSON, MISSOURI BY: Eric J. Struemph, Mayor ATTEST: Phyllis Powell, City Clerk APPROVED AS TO FORM: Drew W. Hilpert, City Counselor STATE OF MISSOURI ) ) SS COUNTY OF COLE) On this day of , 20 ,before me appeared Eric J. Struemph,to me known, who, being by me duly sworn did say that he is the Mayor of the City of Jefferson, and that the seal affixed to the foregoing instrument is the corporate seal of said City of Jefferson and that said instrument was signed and sealed in behalf of the City of Jefferson by authority of Ordinance No. passed 120 IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal the day and year last above written. My commission expires Notary Public