HomeMy WebLinkAbout2010-086 Seyller RESOLUTION NO. R-2010-086
A RESOLUTION AUTHORIZING, RATIFYING AND CONFIRMING EXECUTION OF A
REAL ESTATE CONTRACT WITH WESLEY AND CAROL SEYLLER IN CONNECTION
WITH THE PURCHASE OF PROPERTY LOCATED AT 4300 VAN DE POPULIER
WHEREAS, the Board of Aldermen find it is in the best interest of the City to enter into a
real estate contract for the purchase of property located at 4300 Van de Populier from Wesley
and Carol Seyller according to the terms and conditions set forth in Exhibit "A" attached hereto;
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE
CITY OF RIVERSIDE, MISSOURI, AS FOLLOWS:
THAT the City Administrator is hereby authorized to execute and deliver the Real
Estate Contract by and between Wesley and Carol Seyller and the City of Riverside, Missouri
in substantially the same form as attached hereto as Exhibit "A" and the City Clerk is
authorized to attest thereto and all actions related thereto taken prior to the adoption of this
resolution are hereby ratified and confirmed;
FURTHER THAT the City Administrator, Mayor, Finance Director and/or other city
officials are hereby authorized to execute any and all other documents necessary or
incidental to carry out the terms and conditions of such Real Estate Contract and to effectuate
the purchase of real property contemplated therein.
PASSED AND ADOPTED by the B ard of Aldermen a APPROVED by the Mayor
of the City of Riverside, Missouri, the ��ay of f�����, 2010.
�
Ka leen L. Rose, Mayor
ATT ST:
/ "..
i
�
` Robin Littrell, City Clerk
Appro� as to Form:
an omp n, City Attorney
1
COMMERCIAL REAL ESTATE SALES CONTRACT
This Commercial Real Estate Sales Contract ("Contract") is made between Wesley D. Seyller and
Carol E. Seyller, husband and wife ("Seller") and the City of Riverside, Missouri, or assigns
(collectively, `Buyer"), and is effective as of the � day of November, 2010 (the "Effective Date").
AGREEMENT
1. PROPERTP: Seller agrees to sell to Buyer and Buyer agrees to purchase from Seller the real estate
legally described in Exhibit A attached hereto consisting of two parcels containing a total of
approximately 16.46 acres, in the aggregate (the "Land"), to be verified by the Title Company (pursuant
to the Survey), together with all buildings and improvements thereon, including all mechanical systems,
fixtures and equipment, heating ventilating and air-conditioning equipment, electrical systems and
lighting, plumbing equipment and fixtures, floor coverings, storm windows and doors, screens and
awnings, and keys (collectively, the "Improvements"), all of which is more commonly known as 4300
Van de Populier, Riverside, Missouri 64150. The land and Improvements are sometimes herein
collectively referred to as the "Property."
2. EXCEPTIONS: Title to the Property shall be subject only to the "Permitted Exceptions" (as
defined in the paragraph entitled "Title Insurance"), matters currently of record (except for liens of any
deed(s) of trust or mechanic s liens created by Seller, which shall be released by Seller at Closing), those
matters an accurate inspection and survey of the Property would disclose, and applicable zoning
ordinances and laws.
3. PURCHASE PRICE; EARNEST MONEY: The "Purchase Price" is seven hundred sixteen
thousand dollars ($716,000.00), which Buyer agrees to pay as follows:
a. Twenty-five thousand dollars ($25,000.00) at the signing of this Contract as "Earnest Money," to
be deposited within 5 business days after the Effective Date, in the insured trust or escrow account of
Chicago Title Insurance Company ("Escrow Agent") pursuant [o an escrow agreement reasonably
acceptable to the parties, as part of the consideration of the sale;
b. The balance to be paid in the following manner: six hundred ninety-two thousand dollars
($692,000.00), in guaranteed funds or cashier's check at "Closing" (as defined in this Contract),
adjusted at Closing for pro-rations, closing costs and other expenses agreed to in writing by the
parties.
4. CLOSING AND POSSESSION DATE(S): Subject to all the provisions of this Contract, the
closing of this Contract (the "Closing") shall take place at the offices of Chicago Title Insurance
Company on the date (the `Closing Date") that is the earlier of: (i) 30 days after the Effective Date, or
(ii) upon not less than 5 days' prior written notice of Buyer's election to close prior to the date set forth in
clause (i) above, and possession shall be delivered upon Closing (subject to the other tenns and
provisions of this ConVact, including without limitation the provisions of paragraph 25 below).
5. EXISTING FINANCING: Seller shall make any payments required on existing mortgages or
deeds of trust until Closing and shall pay the entire amount of any existing mortgages or deeds of trust on
or prior to Closing; it being agreed that no such existing moRgage or deed of trust shall constitute a
Permitted Exception for purposes of this Contract.
6. PRORATIONS: Seller shall pay all real estate taxes levied and assessed against the Property, and
all installments of general and special assessments (if any) for the years prior to the calendar year of
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Closing, and all personal property and other taxes payable with respect to property other than real
property and sold with the Property pursuant to this Contract. All such taxes and installments of general
and special assessments becoming due and accruing during the calendar year of Closing shall be prorated
between Seller and Buyer on a per diem basis as of Closing. If the amount of any tax or general and/or
special assessment cannot be asceRained at Closing, pro-ration shall be computed on the amount for the
preceding year's tax or general and/or special assessment. Buyer shall assume and pay all such taxes and
installments of general and special assessments accruing after the Closing.
7. TITLE INSi7RANCE: Seller shall, at its sole cost and expense, pay for a standard owner's ALTA
title insurance policy insuring marketable fee simple title to the Land in Buyer in the amount of the total
Purchase Price as of the time and date of recording of Seller's Special Warranty Deed (the "Deed"),
subject only to the exceptions contained in the title insurance policy and matters currently of record
(except for liens of any deed(s) of Ws[ or mechanic's liens created by Seller, which shall be released by
Seller at Closing). Seller shall, at its sole cost and expense, as soon as possible and not later than five (5)
days after the Effective Date of this Contract, cause to be furnished to Buyer a current commitment to
issue the title policy together with legible copies of all exception instruments set forth in Schedule B-II
thereof (the "Title CommitmenY'), to be issued through Chicago Title Insurance Company (the "Title
Company"). Buyer shall have until the expiration of the "Inspection Period" (as defined in paragraph 8
below) (also sometimes herein referred to as the "Title Review Period") in which to notify Seller in
writing of any reasonable objections Buyer has regarding any matters shown or referred to in the Title
Commitment. Any matters which are set forth in the Title Commitment and to which Buyer does not
object within the Title Review Period shall be deemed to be permitted exceptions to the status of Seller's
title (the "Permitted Exceptions"). With regard to items to which Buyer does object within the Review
Period, Seller shall have ten (10) days after receipt of Buyer's written notice of objections to cure such
objections ("TiNe Cure Period"). Any such matters shall be deemed cured if Seller obtains the
agreement of the Title Company to issue the TiUe Policy to Buyer without making exception for such
matter or to provide affinnative insurance reasonably acceptable to Buyer against such matters. Nothing
herein, however, shall require Seller to cure any title objections or any matters shown in the survey, to
bring any action or proceeding or otherwise to incur any expense in connection therewith (except with
respect to Seller's obligation to deliver the Deed free and clear of any existing deed of trust and/or any
mechanic lien created by Seller). If Seller does not cure all such objections by the end of the Title Cure
Period (which Seller shall have no obligation to do), then Buyer shall have the right to terminate this
Contract at any time prior [o Closing, unless Seller shall cure all such objections prior to the date of
Buyer's termination notice. In the event Buyer does not elect to terminate this Contract as provided in
this paragraph 7, then Buyer shall be deemed to have waived such uncured title objections and the same
shall constitute Permitted Exceptions for purposes of this Contract.
Buyer may, at its sole cost and expense, obtain an ALTA survey of the Property (including such Table A
requiretnents as Buyer may request) at any time after the Effective Date of this Contract. Unless
otherwise objected to in writing by Buyer prior to the expiration of the Inspection Period, the Survey wil I
be accepted as being correct for the Property and there will be no objections to such.
8. INSPECTIONS: Seller hereby grants Buyer reasonable access to the Property (including, without
limitation, the building and other improvements located thereon) for a period of thirty (30) days after Ihe
Effective Date of this Contract (the "Inspection Period") for the purpose of inspecting the physical
condition of the Proper[y and all improvements thereon and conducting such tests, surveys, appraisals
and similar inspections as Buyer deems advisable in its sole and absolute discretion. Buyer's inspection
rights shall include perfonning soil tests, environmental tests or audits, foundation and mechanical
inspections and such other inspections or surveys as Buyer may reasonably deem appropriate. Buyer
agrees to repair any damage to the Property arising from these inspections. To the extent allowed by
Missouri law, Buyer shall indemnify and hold Seller harmless from and against any and all liability, cost
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or expense that Seller may incur as a result of such testing by Buyer, and Buyer shall repair or restore the
Property to the same wndition the Property was in prior to Buyers investigations in the event this
transaction does not close. E3uyer's obligations imposed by this paragraph shall survive termination of
this Contract. Buyer agrees to provide Seller with a copy of any written reports resulting from such
inspections within ten (10) days of the completion of said inspections. If any deficiencies or otherwise
objectionable conditions aze identified during the inspection by Buyer, then Buyer shall have the right to
terminate this Contract by giving Seller written notice of such election prior to the expiration of the
Review Period, uniess Buyer waives the objections. Buyer shall be deemed to be thoroughly acquainted
and satisfied with the physical condition of the Property, other than as set forth in the paragraph entitled
"INSURANCE; MAINTENANCE; CASUALTY; CONDEMNATION; CHANGE OF CONDITION'
of this Contract. In addition, Buyer or Buyer's representatives may re-inspect the Properry before Closing
upon reasonable notice to Seller.
9. DUE DILIGENCE: Buyer will have a period of thirty (30) days after the Effective Date of this
Contract to perform such additional due diligence (the "Due Diligence Period") for the purpose of
exploring and obtaining approval of govemmental authorities for the intended purpose of the Property
and any changes in zoning, if necessary, and such other inquiries regarding the Property, as Buyer in its
sole and absolute discretion deems appropriate. In the event any such additional due diligence discloses
any condition that adversely affects the value or use of the Property, or Buyer's intended use of the
Property (in Buyer's sole and absolute discretion), then Buyer may deliver written notification to Seller to
terminate this Contract prior to the expiration of the Due Diligence Period and this Contract will be
terminated as of the date of Buyer's termination notice. In the absence of such termination notice, the
Inspections and Due Diligence shall be deemed to be satisfactory to Buyer. Within ten (10) business days
after the Effective Date, Seller shall at its cost and expense, without warranty, deliver to Buyer all
existing surveys, title commitments, abstracts or policies, environmental assessments, soils tests, and
other materials and/or documents relating to the Property as Seller has in its possession or control.
10. REPRESENTATIONS: Buyer acknowledges that neither Seller nor any party on Seller's behalf
has made, nor do they hereby make, any representations as to the past, present or future condition,
income, expenses, operation or any other matter or thing affecting or relating to the Property, except as
expressly set forth in this Contract. Buyer agrees to assume full responsibility for completing Buyer's
Due Diligence in such a manner as to answer all questions necessary to make the decision to purchase the
Property.
Buyer expressly acknowledges and agrees that the Property is being purchased "AS IS", "WHERE IS" and
"WITH ALL FAULTS", latent and patent. Buyer expressly acknowledges that, except as expressly set forth
in this Contract, (i) Buyer is not authorized to rely, has not relied, and will not rely on any represen[ation,
statement or warranty of Seller, or of any representative or broker of Seller, and (ii) Seller has not agreed to
perform any work on or about the Proper[y as a condition to Buyer's purchase of the Property hereunder.
Except as otherwise expressly provided herein, Seller makes no representations, warranties or indemnities for
any claim, condition or liability arising before or after this Contract pursuant to, or arising under, any federal,
state or local law, rule or ordinance, including those relating to protection of the environment such as
CERCL,A and RCRA. The provisions of this Section shall survive the closing and delivery of the Deed or
the termination of this Contract.
1 l. REAL ESTATE BROKER: Seller and Buyer each hereby represents and agrees that, except for
Point Commercial (whose commission[s] shall be paid by Buyer pursuant to separate written agreement),
it has not retained any real estate broker(s) in connection with this Contract or the transaction
contemplated hereundec Any party to this Contract through whom a claim to any broker's, finder's or
other fee is made, contrary to the representations made above in this paragraph, shall indemnify, defend
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and hold harmless the other party to this Contract from any other loss, liability, damage, cost or expense,
including without limitation, reasonable attomey's fees, couR cos[s and o[her legal expenses paid or
incurred by the other party, that is in any way related to such a claim. The provisions of this paragraph
shall survive Closing or termination of this Contract.
12. DELIVERY OF DEED; PAYMENT; DISBURSEMENT OF PROCEEDS: At or before
Closing, Seller agrees to properly execute and deliver into escrow the Deed, a Bill of Sale for any non-
realty portion of the Property, and all other documents and funds necessary to complete the Closing. The
Deed shall convey to Buyer marketable fee simple title to the Property, free and clear of all liens and
encumbrances, other than the Permitted Exceptions, matters currently of rewrd (except for liens of any
deed(s) of trust or mechanic's liens created by Seller, which shall be released by Seller a[ Closing), and
those matters an accurate inspection and survey of the Property would disclose. At or before the Closing,
Seller and Buyer each agree to deliver into escrow a cashier's check or guaranteed funds sufficient to
satisfy their respective obligations under this Contract. Seller understands that, unless otherwise agreed,
disbursement of proceeds will not be made until after the Deed or the instrument of conveyance, and, if
applicable, the moRgage/deed of trust have been recorded and the Title Company can issue the title
policy with only the Permitted Exceptions.
13.INSURANCE; MAINTENANCE; CASUALTY; CONDEMNATION; CHANGE OF
CONDITION: Seller agrees to maintain or cause to be maintained fire and extended coverage
insurance, if any, on the Improvements, if any, located on the Property until Closing. If, before Closing,
all or any part of the Property is taken by eminent domain, or if a condemnation proceeding has been
filed or is threatened against the Proper[y or any part thereof, or if all or any part of the Property or the
[mprovements, if any, located thereon is/are destroyed or materially damaged after the Inspection Period,
Seller shall promptly provide written notice to Buyer of any such event. UPON NOTICE OF SUCH
OCCURRENCE, Buyer may re-inspect the Property and may, by written notice to Seller within ten (10)
days afrer receiving Seller's notice, terminate this Contract. Unless this Contract is so terminated, it shall
remain in full force and effect, and Seller shall, at Closing assign and transfer to Buyer all of Seller's
right, tiUe and interest in and to any awards that may be made for airy taking and any insurance proceeds
payable on acwunt of casualty. The provisions of this paragraph shall survive Closing or termination of
this Contract.
14. FOREIGN INVESTMENT: Seller represents that Seller is not a foreign person as described in the
Foreign Investment in Real Property Tax Act and agrees to deliver a certificate at Closing to that effect
which shall contain Selier's ta�c identification number.
15. TERMINATION: If this Contract is terminated by either party pursuant to a right expressly given
in this Contract, Buyer shall be entitled to an immediate retum of the Earnest Money, and neither par[y
shall have any further rights or obligations under this Contract, except as otherwise expressly stated in
this Contract.
16. DEFAULT AND REMEDIES: Seller or Buyer shall be in default under this Contract if either fails
to comply with any material covenant, agreement or obligation within any time limits required by this
Contract and such failure continues for more than 10 days after the defaulting party's receipt of written
notice thereof from the non-defaulting party. Following a default by either Seller or Buyer under this
Contract, the other party shall have the following remedies, subjec[ to the provisions of the paragraph
entitled "DISPOSITION OF EARNEST MONEY DEPOSIT AND OTHER FUNDS AND
DOCUMENTS" in this Contract:
a. If Seller defaults, Buyer may (i) specifically enforce this Contract and recover damages suffered by
Buyer as a result of the delay in the acquisition of the Property; or (ii) terminate this Contract by
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written notice to Seller and, at Buyer's option, pursue any remedy and damages available at law or in
equity. If Buyer elects to terminate this Contract, the Earnest Money Deposit shall be retumed to
Buyer upon written demand.
b. If Buyer defaults, Seller may (as its sole and exclusive remedy in connection with any default by
Buyer under this Contract) terminate this Contract by written notice to Buyer and retain the Earnest
Money as liquidated damages (the paRies recognizing that it would be extremely difficult to ascertain
the extent of actual damages caused by Buyer's breach, and that the Earnest Money Deposit
represenu as fair an approximation of such actual damages as the parties can now determine). If, as a
result of a default under this Contract, either Seller or Buyer employs an attomey to enforce its rights,
the defaulting party shall, unless prohibited by law, reimburse the non-defaulting party for all
reasonable attorneys' fees, court costs and other legal expenses incurred by the non-defaulting party in
connection with the default.
l7. DISPOSITION OF EARNEST MONEY DEPOSIT AND OTHER FUNDS AND
DOCUMENTS: The Escrow Agent shall not distribute the Earnest Money Deposit or other escrowed
funds or documents, once deposited, notwithstanding any other terms of this Contract providing for
forfeiture or refund of the Earnest Money Deposit, without the written consent of all parties to this
Contract. A par[y's signature on a closing statement prepared by the Escrow or Closing Agent shall
constitute such consent. In the absence of either written consent or written no[ice of a dispute, failure by
either Buyer or Seller to respond in writing to a certified letter from the Escrow Agent within ten (10)
days of receipt, or failure by either Buyer or Seller to make written demand upon the other party and
upon the Escrow Agent for return or forfeiture of the Earnest Money Deposit, other escrowed funds or
documents within ten (10) days after receiving written notice of cancellation of this Contract, shall
constitute consent to the distribution of all funds and documents deposited with the Escrow Agent as
suggested in any such certified letter or written demand (subject, in any event, to the express provisions
of this Contract). If a dispute arises over the disposition of funds or documents deposited with the
Escrow Agent that results in litigation, any attorney's fees, court costs and other legal expenses incurred
by the Escrow Agent in connection with such dispute shall be reimbursed from the Earnest Money
Deposit or from other funds deposited with the Escrow Agent. Seller and Buyer release all brokers and
licensees from any and all liability in regards to this Contract, for cancellation of this Contract and
disbursing the Earnest Money Deposit or other escrowed funds or documents.
18. ENTIRE AGREEMENT AND Mf1NNER OF MODIFICATION: This Contract, and any
attachments or addenda hereto, constitute the complete agreement of the parties concerning the Property,
supersede all other agreements and may be modified only by initialing changes in this Contract or by
written agreement.
19. NOTICES: All notices, consents, approvals, requests, waivers, objections or other communications
(collectively "notices") required under this Contract (except notice given pursuant to the paragraph
entitled "DISPOSITION OF EARNEST MONEY DEPOS[T AND OTHER FUNDS AND
DOCUMENTS" in this Contract) shall be in writing and shall be served by hand delivery, by prepaid
U.S. Postal Service certified mail, return receipt requested, or by reputable ovemight delivery service
guaranteeing next-day delivery and providing a receipt. All notices shall be addressed to the parties at
the respective addresses as set forth below, except that any party may, by notice in the manner provided
above, change this address for all subsequent notices. Notices shall be deemed served and received upon
the earlier of the third day following the date of mailing (in the case of notices mailed by certified mail)
or upon delivery (in all other cases). A party's failure or refusal to accept service of a notice shall
constitute delivery of the notice.
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20. DEADLINE FOR ACCEPTANCE: Buyer's offer to purchase the Property from Seller shall
expire if Seller has not accepted this Contract by signing and delivering a fully executed copy to Buyer,
on or before the earlier of (i) 3:00 p.m. November 5, 2010, or (ii) Buyer delivering written notice to
Seller that Buyer's offer to enter into this Contract is withdrawn.
21. TTME AND EXACT PERFORMANCE ARE OF THE ESSENCE UNDER THIS
CONTRACT.
22. SELLER'S WARRANTIES AND REPRESENTATIONS: Selier does hereby warrant and
represent to Buyer that (i) Seller has not engaged in, and to the current actual knowledge of Seller,
without inquiry, Seller has not, prior to the Closing Date, received written notice from any governmental
authority of, any violation of law, ordinance, or regulation affecting any portion of the Property, and (ii)
Seller is not and has never been a"foreign person," as that term is used in Section 1445 of the Internal
Revenue Code of 1986, as amended.
23. CONDITIONS TO BUYER'S OBLIGATION TO CLOSE. Buyer's obligations under this
Agreement are subject to the fulfillment by Seller, or written waiver by Buyer, on or prior to the Closing
Date, of the following conditions:
A. Representatious and Warranties. The representations and warranties of Seller
contained in this Agreement will in all material respects be true and correct as of the Closing Date
as if made on and as of the Closing Date, and Seller has performed all obligations and
undeRakings, and complied in all material respects with all covenants and conditions contained in
this Agreement which are to be performed or complied with by Seller on or prior to the Closing
Date.
B. Seller's Authority. AII actions required by law to have been taken by Seller tbr
the execution, delivery, and performance of this Agreement will have been taken.
C. No Adverse Changes. Subsequent to the date of this Agreement there will have
been no material adverse changes to the Property.
D. No Litigation. No governmental body or person will have notified Seller or
Buyer in writing of an intention to institute any suit, proceeding, or investigation and no such suit,
proceeding or investigation will be pending which may reasonably be expected to restrain,
prevent, or delay the completion of the transactions anticipated under [his Agreement.
E. No Order or Decree. No order or decree of any court or governmental body
will be in force (including, without limitation, any injunction or temporary restraining order
granted under a complaint filed under federal or state laws), and no complaint of a governmental
body will be pending for the purpose of restraining, or enjoining the completion of the
transactions anticipated under this Agreement.
F. Satisfactory Results of Due Diligence. Buyer has determined that the
condition of title to the Property and the results of all tests, inspections, and examinations on the
Proper[y are satisfactory to Buyer in its sole and absolute discretion in accordance with the
provisions of this Contract.
G. Approval of Documents. The form and substance of any certificates,
instruments, and other documents delivered to, or signed by, Buyer under this Agreement will be
satisfactory in all reasonable respects to Buyer and its counsel.
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H. No Condemnation. No governmental authority has expressed an intent to
condemn or initiated condemnation proceedings with respect to any portion of the Property.
24. TEMPORARY LICENSE. [INTENTIONALLY DELETED].
25. LEASE. On or before the Closing Date, Seller and Buyer shall negotiate and enter into a lease
agreement pursuant to such terms and conditions as Seller and Buyer may reasonably agree (each acting
reasonably and in good faith) (the "Lease"). The Lease shall, at a minimum, include the following
provisions: (i) the Lease shall relate only to the portion of the Land shown as the "Leased Area" on
E�ibit C attached hereto and incorporated herein by this reference, (ii) the term of the Lease shall be 8
months; provided, however, Seller shall make good faith efforts to continually reduce the number of
trailers stored in the Leased Area commencing as of the fifth month of the term until the Leased Area is
vacated at the end of the term; (ii) during the term of the L,ease, Buyer shall pay all real estate taxes
applicable to the Leased Area; (iii) Seller shali, at its sole cost and expense, during the term of the Lease
maintain a policy of commercial general liability insurance written on an occuiTence basis, with single
limits of $1,000,000.00 per occurrence, naming Buyer as an additional insured, (iv) the rent payable
during the term of the Lease shall be $1.00 per month, (v) Seller shall pay for all utility services used by
Seller during the term of the Lease; and (vi) in the event Seller fails or refuses for any reason to vacate
and surrender the Leased Area to Buyer upon the expiration of the term thereof, Seller shall pay Buyer
liquidated damages of $300.00 for each day between the expiration of the term and the date Seller
vacates and surrenders the Leased Area to Buyer. In the event Seller fails to pay Buyer such liquidated
damages as provided herein, Buyer shall be entitled (without limiting its other rights and remedies) to
offset such liquidated damages against the Relocation Payment otherwise payable to Seller as provided in
Section 26 below.. The complete execution and delivery of the I,ease at Closing is an express condition
of all of Seller's obligations herein contained.
26. RELOCATION PAYMENT. In addition to the Purchase Price payable under this Contract, Buyer
shall pay Seller a"Relocation PaymenP' equal to a total of $134,000.00, in the aggregate. One-half of
the Relocation Payment shall be paid at Closing and the other one-half of the Relocation Payment shall
be paid within ten (10) days after the date Seller vacates and surrenders the Leased Area to Buyer as
contemplated under paragraph 25 above (such terms shall be included in the Lease). 'rhe provisions of
this paragraph shall survive the Closing Date.
CAREFULLY READ THE TERMS HEREOF BEFORE SIGNING. WHEN SIGNED BY ALL
PARTIES, THIS DOCUMENT BECOMES PART OF A LEGALLY BINDING CONTRACT. IF
NOT UNDERSTOOD, CONSULT AN ATTORNEY BEFORE SIGNING. THE PARTIES
EXECUTING THIS CONTRACT REPRESENT AND WARRANT THAT THEY ARE
LEGALLY AUTHORIZED TO EXECUTE THI5 CONTRACT.
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SELLER:
WESLEY D. SEYLLER AND CAROL E. SEYLLER,
Husband and Wife
s � > >-.Q _ �� .���
Wesley D. Se� r
Date: I 1— I�-- 1 v
B
Carol E. Seyller
Date: �/ • / O . / d
BUYER:
THE CITY OF RNERSIDE, MISSOURI
� __-'
By: ' � L
Name: �/,� �� 1 Z 'I� L p� K� �l
T--
Title: �� T� c�1 � s' i R A 7 oaQ
Date: 0 0
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EXHIBIT A
LEGAL DESCRIPTION OF LAND
Tract ] :
All that part of Lots 4 and 5 uf the Plat of the partition of the estate of George Roberts, deceased, in the
Southeast Quarter of Section 6, Township 50, Range 33, described as follows: Beginning at a point in
the East line and ] 775.8 feet North of the Southeast corner of said Section 6; thence North along the East
line of said Section, 410 feet to the Southerly line of the right of way of the Kansas Ci[y, St. Joseph and
Council Bluffs (now Chicago, Burlington, and Quincy) Railroad Company; thence Northwesterly along
the Southerly line of said right of way, 1164.74 feet to the West line of Lot 4 of the plat of the partition of
the estate of George Roberts, deceased, at a point 2659.2 feet North of the South line of said Section 6,
thence South along the West line of said Lot 4, 410.48 feet; thence Southeasterly and parallel to the
Southerly line of said right of way, 1153.55 feet, to the point of beginning, all in Riverside, Platte
CounTy, Missouri.
Tract 2:
All that part of Lots 4 and � of the plat of the partition of the estate of George Roberts, deceased, in the
Southeast Quarter of Section 6, Township 50, Range 33, all in Riverside, Platte County, Missouri,
described as follows: Beginning at a point in the East line and 1365.4 feet North of the Southeast corner
of said Section 6; thence North along the East line of said Section, 410.4 feet; thence Northwesterly and
parallel to the Southerly line of the right of way of the Kansas City, St. Joseph and Council Bluffs (now
Chicago, Burlington and Quincy) Railroad Company, ll63.55 feet to a point in the Wes[ line of Lot 4 of
the plat of the partition of the estate of George Roberts, deceased, 2248.72 feet North of the South I ine of
said Section; thence South along the West line of said Lot 4, 410.9 feet; thence Southeasterly and parallel
to the Southerly line of said right of way, 116235 feet to the point of beginning , EXCEPT THE EAST
TI IREE ACRES, more or less.
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