HomeMy WebLinkAboutGeorgia Greenspace Program Grant Award Agreement
Augusta Richmond GA
DOCUMENT NAME: Q,=~o.. Q, ''''''r6po--ce \'0ro.m G.<<nt hilird. ~<efl~<nt.
DOCUMENT TYPE: ~L<-m en f
YEAR:03
BOX NUMBER: l (
FILE NUMBER: \ ~355
NUMBER OF PAGES: :28-
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AUGUSTA-RICHMOND COUNTY COMMISSION
BOB YOUNG
Mayor
STAFF ATTORNEYS
MICHAEL R. DAVIS
VANESSA FLOURNOY
SPARTICUS HEYWARD
LEE BEARD
TOMMY BOYLES
ULMER BRIDGES
ANDY CHEEK
BOBBY G. HANKERSON
WILLIAM B. KUHLKE, JR.
WM. "WILLIE" H. MAyS, 1/1
STEPHENE. SHEPARD
MARION WILLIAMS
JAMES B. WALL
CITY ArrORNEY
AUGUSTA LAW DEPARTMENT
RICHARD L. COLCLOUGH
Mayor Pro Tern
March 13; 2003
GEORGE R. KOLB
Administrator
State of Georgia, Department of Natural Resources
205 Butler Street; Suite 1252
Atlanta, Georgia 30334
Please Reply to:
P.O, Box 2125
Augusta, GA 30903
(706) 821-2488
Fax (706) 722-5984
jwall@co,richmond,ga,us
Augusta, Georgia ,
clo Lena Bonner, Clerk of Commission
530 Greene Street; Room 806
-Augusta, Georgia 30911
RE: Georgia Greenspace Program Grant Award Agreement
Power Control Systems, Inc. '
Our File No. AR-38-007 -02
Dear Sir or Madam:
This is to certify that we have examined the title to said property in the ,office of
the Clerk of the Superior Court of Richmond County, Georgia and, based on this
examination, it is our opinion that fee simple title to the hereinafter described property is
vested in Augusta, Georgia by virtue' of a deed from Power Control Systems, Inc, said
deed being dated January 8,2003, and recorded at Realty Book 832, page 641, et seq.,
in said Clerk's office. The property conveyed, more particularly described in Exhibit "A"
enclosed herewith, is free and clear of any emcumbrances, with the following
exceptions:
1. A third-party interest held by the State of Georgia as referenced in the
Georgia Greenspace Program Grant Award Agreement dated June 12,
2001, and filed of record in the Office of the Clerk of the Superior Court of
Richmond County, Georgia at ReC!lty Book 755, pages 935-947
("Agreement"). Said thirty-party beneficiary has the right to enforce the
terms and conditions of the Agreement specifically in equity and at law;
2. Rights and interests of parties in possession;
3. Facts which might be disclosed by a physical inspection of said property
or a current, accurate survey thereof;
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State of Georgia, Department of Natural Resources
Augusta, Georgia
March 13, 2003
Page Two of Two
4. Unrecorded claims of liens for labor, materials and services furnished for
the improvement of-said property.
5. Compliance with any consumer protection, truth-in-Iending or similar laws;
6. Matters affecting the title to said property which are either not of record or
are not indexed in such manner as to be revealed by a reasonable and
prudent search;
7. All applicable zoning laws, ordinances, regulations and all other
governmental regulations pertaining to the use and occupancy of the
property as set forth in the Agreement;
8. Areas designated as having special flood hazards; and
9. Declaration of Restrictive Covenants executed by Augusta, Georgia, dated
August 30, 2002, and filed of record in the in the Office of the Clerk of the
Superior Court for Richmond County, Georgia in Realty Book 834, pages
488, et seq., restricting the property to Greenspace property.
Enclosed herewith, please find copies of the following: (1) Commitment for Title
Insurance; (2) Final Title Policy; (3) the Deed of Conveyance; and (4) Declaration of
Restrictions and Covenants. The originals of these documents are being forwarded to
the Clerk of Commission for Augusta, Georgia, with .caPie:? to J Ge?g. e Patty.
. , By:' .;~
Ja es B. Wall
454 Greene Street . y Attorney
Augusta, Georgia 30901
(706) 821-2488
Enclosures: Deed of Conveyance
Declaration of Restrictions and Covenants
Commitment for Title Insurance
Final Title Policy
Exhibit "A", Legal Description
cc: George Patty, Planning & Zoning
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". 'Return To: ^ Co,unty Attorney
" '454 Greene Street
Augusta, GA 30901
Book 008340488 Au~ta - Richmond County
20030023070'1/2212003 :29:25,01
,$Q,9.q,I?~S:,~_~,~!.'~I_QI'-!_~.., !.f3-'.q.TIVE COVENA
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2003002307 Augusta - Richmond~unty
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Book 00840 1920 Augusta - Richmond County
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$000 DECLARATION RESTRICTIVE COVENA
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2003006662 Augusta - Richmond County
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STATE OF GEORGIA )
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COUNTY OF RICHMOND)
DECLARATION OF RESTRICTIONS AND COVENANTS
This declaration is made this .3 tJ
day of ~ ~, 2002, by
AUGUSTA, GEORGIA, a political subdivision of the State of 9~9Jg~~,-(hereinafter
referred to as "Declarant").
WITNESSETH:
WHEREAS, Declarant owns the property described on Exhibit "A" attached
hereto and made a part hereof (the "Property") which property was acquired from Pow~~J 2/~Jc-:1
,,-,. '2-coJ 1.fP~
Control Systems of Georgia, '~c., by deed dated ,)cLl1~J f? , .~2002' and
recorded in the Office of the Clerk of Superior Court of Richmond County in Realty Book
~,,~ d-
, pages (;; Lf J
; and
WHEREAS, the Property was acquired with Grant Funds pursuant to the Georgia
, , .
~reenspace Program Grant Award Agreement dated June 12, 2001, by and between
'the State of Georgia, Department of Natural Resources, and Augusta, Georgia,
(hereinafter the "Agreement"); said Agreement being filed of record in the Office of the
Clerk of the Superior Court for Richmond County, Georgia at Realty Book 755, pages~'
935-947; and
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Book 0084.0:1921 Augusta - Richmond coun~~'
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Book OO'834048~s~a.- Richmond County
2003002307 01~2003 11 :29:25.01
WHEREAS, Augusta, Georgia has designated the Property as Greenspace
Property and has promised, inter alia, to operate and maintain such Property in such a
manner as to achieve one or more of the nine statutory goals of the Georgia
Greenspace Act (O.C.G.A 936-22:-1, et seq.) including, protecting or enhancing water
quality, providing flood protection, providing natural habitat and corridors for native plant
and animal species, protecting archaeological and historic resources, providing passive
recreation, or providing connective links between lands contributing to the goals of the
Georgia Greenspace Act, and Declarant agrees to restrict the user of the Property as
provided herein.
NOW, THEREFORE, for and in consideration ofTen and no/100 Dollars ($10.00)
and for other good and valuable consideration, including the receipt of said Grant funds,
, the receipt and adequacy of which is hereby acknowledged and intending to be legally
bound, Declarant does hereby subject the property to the covenants, restrictions and
rights herein stated:
1. Definitions. For purposes of this Declaration, the following terms shall
have the following meanings, unless the context requires otherwise:
(a) "Conservation Easement" means a non-possessiary interest of a
holder in real, property imposing limitations' or affirmative
obligations, the purposes of which include retaining or protecting
natural, scenic,or, open-space values of real property; assuring its
availability for ~gricultural, forest, recreational, or open-space use;
protecting natural resources; maintaining or enhancing air or water
quality; or preserving the historical, agricultural, archaeological, or
cultural aspect of real property.
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Book 008401922 Augusta - Richmond County
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Book, 00834~ Augusta - Richmond County
200300230164J22/2003 11 :29:25.01
(b) "Georgia Greenspace Act" shall mean a.c.G.A. 36-22-1 936-22-1,
et seq.
(c) "Grant Agreement" shall mean that certain Georgia Greenspace
Program Grant Award Agreement dated June 12, 2001, by and
between the State of Georgia, Department of Natural Resources,
and Augusta, Georgia.
(d) "Greenspace" shall mean permanently protected land and water,
including agricultural, and forestry land whose development rights
have been severed from the property, that is in its undeveloped,
natural state and that has been developed only to the extend
consistent with, or is restored to be consistent with, one or more of
the following goals:
1) Water quality protection for rivers, streams, and lakes;
2) Flood protection;
3) Wetlands protection;
4) Reduction of erosion through protection of steep
slopes, areas with erodable soils, and stream banks;
5) Protection of riparian buggers and other areas such
as marsh, hammocks that serve as natural habitat
and corridors for native plant and animal species;
6) Scenic protection;
7) Protection of archaeological and historic resources;
8) Provision of recreation in the form of voting, hiking,
camping, fishing, hunting, running, jogging, biking,
walking, skating, birding, riding horses, observing or
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Book 0083404~1 Au~,-:" ~i~hmond County
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Book 008~01-923 Augusta - Richmond County
2003006662 02/26/2003 14:42:43.00
photographing nature, picnicking, playing non-
organized sports, or engaging in free play; and
9) Connection of existing or planned areas contributing
to the goals set out in this paragraph.
Public access is not necessary for property to be counted as
Greenspace.
(e) "Land Trust" shall mean Southeastern Natural Sciences Academy
Land Trust, Inc., a nonprofit corporation organized and existing
under the laws of the State of Georgia, its successors and assigns.
2. Conservation Easement. Grantor hereby subjects said Property to a
Conservation Easement that ensures that the land will be maintained as
Greenspace as defined in the Rules for the Georgia Greenspace Program,
Rule 391-1-4-.01, et seq., incorporated herein by reference, in effect at the
time of this Declaration.
3. Use. The operation, use and maintenance of the, Property, and any
improvements, shall be subject to and shall comply with the Conservation
Easement.
4. Covenants Runninq with the Land. Declarant acknowledges and agrees
that the Conservation Easement is appurtenant to and runs with the land,
and shall be binding and enforceable against Declarant, its successors
and assigns, and anyTrustee appointed to manage the Property. '
The Conservation easement shall inure to the benefit of the State of Georgia, the
Land Trust, and their respective successors and assigns, and shall be enforceable by
the State of Georgia, its agents or assigns, and Land Trust, its successors and assigns,
in the Superior Court of Richmond County, Georgia.
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BOok OO~401924 Augusta.- Richmond County ,
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Book 00834:8492 Aug~ - Richmond County
2003002307 01/22~03 11 :29:25.01
5. Severability. In the event that any of the provisions contained in this
Declaration shall for any reason held to be invalid, illegal or unenforceable
in any respect in a final ruling or judgment of a court of competent
jurisdiction from which no appeal has been or can be taken, the remainder
of the Conservation Easement shall not be affected thereby and each
term, covenant, condition and provision hereof shall remain valid and
enforceable to the fullest extent permitted by law.
6. General Provisions.
(a) HeadinQs. The use of headings, captions and numbers In this
Declaration is solely for the convenience
(b) Non-Waiver. Failure by any party to complain of any action, non-
action or breach of any other party shall not constitute a waiver of
any aggrieved parties' right hereunder. Waiver by any party of any
right arising from any breach of any other party shall not constitute
a waiver of any other right arising from a subsequent breach of the
same obligation or for any default, pass, present or future.
(c) Time is of Essence of This Declaration.
(d) Applicable Law.
This Declaration shall be governed by,
constructed unde~, and interpreted and enforced in accordance with
the laws of the State of Georgia.
(e) Venue. Any action to construe or enforce this Cov,enant shall be
filed in the Superior Court of Richmond County, Georgia.
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<. Book 008~0 1925. Augusta - Richmond County
.2003'006662 02/26/2003 14:42:43.00
BOQk 0083.40493 ~usta .. Richmond County
2003002307 01m/2003 11 :29:25.01
IN WITNESS WHEREOF, Declarant has signed and sealed this Declaration, on
the day, month and year first above written.
DECLARANT:
. AU" ~EORGIA
By '~~~~
As'lts: Mayor . .
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By:
Signed, Sealed and Delivered in
The presence of:
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~9ta!)t licp( y ", '..::.~
Ri~inonct....c..o,unty,': ~eor'giaNotary PubiiC, Columbia County, Georgia
My~.~r;arT)is!>iC?~ ~ifes: My Commission Expires Aug. 1, 2006
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Book 008340494 ~gusta - Richmond County
200300~307 ~m2/2003 11 :29:25.01
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EXHIBIT "A"
ALL the tract or parcel of land with improvements thereon
situate, lying and being in the State of Georgia, County of
Richmond, 89th GMD, containing a total of 1.00 acre, and
more particularly described on a subdivide plat dated
January 9, 2001, prepared for Power Control Systems, Inc.,
by H. Lawson Graham & Associates, Inc., and filed of record
in the Office of the Clerk of the Superior Court for Richmond '
County, Georgia at Realty Reel 790, page 1391. Reference
is made to said plat for a more complete and accurate
description of the metes, bounds and location of said
property .
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Filed in his office:
Augusta Richmond County
01/22000,. .'1-1:29:2501_
Elaine C, Jo son
Filed in this office
Augusta - Richmond County
r- -02/-26/200J -1-1~-12.IJ3 00- -
Elaine C Johnson
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Book 008320641 ,A,ugusta - Richmond County
200300105701/091200316:1705,00
$Q,PQWARRANTY DEED
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2003001057 Augusta - Richmond County
Return to:
Mr. Harry D, Revell
454 Greene Street
AUQusta. GA 30901
STATE Of GEORGIA )
)
COUNTY Of RICHMOND )
THIS INDENTURE, made this ?3 j!J- day of cf-~ ' 200~, by
and between Power Control Systems of Georgia, Inc., a corporation organized and
existing under the laws of the State of Georgia as party of the firsts part, and Augusta,
Georgia, a political subdivision of the State of Georgia, as party of the second party;
WITNESSETH:
That the party of the first part, for and in consideration of the sum of Sixty-Seven
Thousand-five-Hundred ($67,500.00) and 00/100 Dollars, in hand paid, at or before the
sealing and delivery of these presence, the receipt and sufficiency of which is hereby
acknowledged, has granted, bargained, sold and conveyed, and by these presence
does hereby grant, bargain, sell and convey unto the said party of the second part, its
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successors and assigns, the following property:
ALL the tract or parcel, of land with improvements thereon
situate, lying and being in the State of Georgia, County of
Richmond, 89th GMD,. containing a total of 1.00 acre, and
more particularly, described on a, subdivide plat dated
January 9, 2001, prepared for Power Control Systems, Inc.,
by H. Lawson Graham & Associates, Inc., and filed of record
in the Office of the Clerk of the Superior Court for Richmond
County, Georgia at Realty Reel 790, page 1391. Reference
is made to said plat for' a more complete and accurate
description of the metes, bounds and location of said
property .
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Book 008320642 Augusta - Richmond County
200300105701/09/2003 16:17:05.00
TO HAVE AND TO HOLD the said property, together with all and singular of the
rights, ways, easements and appurtenances thereof, to the same being, belonging, or in
anywise appertaining, to the only property use" benefit and behoof of said party of the
second pat, its successors and assigns, in fee simple, forever.
And the party of the first part, its successors and assigns, does warrant and will
forever defend the right and title to the above described property unto the said party of
the second part, its successors and assigns, against the claims of all persons
whomsoever.
IN WITNESS WHEREOF, the party of the first part has caused this instrument to
be executed by its duly authorized officers and had its seal affixed the day and year first
above written.
POWER CONTROL SYSTEMS OF
GEORGIA, Inc.
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By: ~
T. R. REDDY
As Its: President
Signed, Sealed and Delivered in the
Presence of:
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Filed in this office:
Augusta - Richmond County
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Schedule A for use with Owner's Policy
Attorneys 1 Title Guaranty Fund, Inc.
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SCHEDULE A
Agent's File No:
533
Policy No, GF-QP-S3900
Date of Policy:
January 22,2003 4:00 P,M,
Amount of Insurance: $67,500,00
1, Name of Insured: AUGUSTA, GEORGIA, a political Subdivision of the State of Georgia
2, The estate or interest in the land described herein and which is covered by this policy is an estate or interest designated as
follows:
Fee Simple
3, Title to the estate or interest referred to herein is at the Effective Date of this Policy vested in the Insured,
4, The land herein described is encumbered by the following mortgage and assignments, if any: None
"
And the mortgages, if any, shown in Schedule B hereof,
5, The land referred to in this policy is in the State of
and is described as follows:
Georaia
County of
Richmond
All that tract or parcel of land with improvements thereon situate lying and being in the State of Georgia,
County of Richmond, 89th GMD, containing a total of 1.00 acre, and more particularly described on a
subdivide plat dated January 9, 2001, prepared for Power Control Systems, Inc. by H. Lawson Graham &
Associates, lnc" and recorded in Realty Reel 790, page 1391, Office of the Clerk of the Superior Court of
Ric~mond County, Georgia. Reference is made to said plat for a more complete and accurate description of
the metes, bounds and location of said property. '
By:
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Schedule B For Use With Owner's Policy
Attorneys ~ Title Guaranty Fund; Inc.
SCHEDULE B
Agent's File No: 553
Policy No. GF-OP-53900
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This policy does not insure against loss or damage and the Company will not pay costs, attorneys' fees or expenses which arise by
reason of the following exceptions:
General Exceptions:
1, Rights or claims of parties in possession not shown by the public records.
2, Easements, or claims of easements, not shown by the public records,
3, Encroachments, overlaps, boundary line disputes, or other matters which would be disclosed by an accurate surveyor
'irispection of the premises,
4, Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown
by the public records.
5, Any adverse claim to any portion of said land which has been created by artificial means or has accredit to any such
portion so created and riparian rights, if any,
6, Taxes or special assessments which are not shown as existing liens by the public records,
Special Exceptions
], The mortgage, if any, referred to in Item 4 of Schedule A.
8, The lien of all taxes for the year 2002, and all subsequent years,
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ST ANDARD EXCEPTIONS FOR OWNER'S POLICY
The owner's policy will be subject to the mortgage, if any, noted under item one of Item 4
of Schedule B-1 hereof and to the following general exceptions:
1. Rights or claims of parties in possession not shown by the public records.
2. Easements, or claims of easements, not shown by the public records.
3. Encroachments, overlaps, boundary line disputes, or other matters which would be
disclosed by an accurate surveyor inspection of the premises.
4. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter
furnished, imposed by law and not shown by the public records.
5. Any adverse claim to any portion of said land which has been created by artifical means
or has accreted to any such portion so created and riparian rights, if any.
6. Taxes or special assessments which are not shown as existing liens by the public records.
CONDITIONS AND STIPUA TIONS
1. The term mortgage, when used herein, shall include deed of trust, trust deed, or other
security instrument.
2. If the proposed Insured has or acquires actual knowledge of any defect, lien, encumbrance,
adverse claim or other matter affecting the estate or interest or mortgage thereon covered by
this Commitment other than those shown in Schedule B-1 and Schedule B-II hereof, and
shall fail to disclose such knowledge to the Company in writing, the Company shall be
relieved from liability for any loss or damage resulting from any act of reliance hereon to the
extent the Company is prejudiced by failure to so disclose such knowledge. If the proposed
Insured shall disclose such knowledge to the Company, or if the Company otherwise
acquires actual knowledge of any such defect, lien, encumbrance, adverse claim, or other
matter, the Company at its option may amend Schedule B-1 and/or Schedule B-II of this
Commitment accordingly, but such amendment shall not relieve the Company from liability
previously incurred pursuant to paragraph 3 of these Conditions and Stipulations.
3. Liability of the Company under this Commitment shall be only to the named proposed
Insured and such parties included under the definition of Insured in the form of policy or
policies committed for and only for actual loss incurred in reliance hereon in undertaking in
good faith (a) to comply with the requirements hereof, or (b) to eliminate exceptions shown
in Schedule B-1 or (c) to acquire or create the estate or interest or mortgage thereon covered
by this Commitment. In no event shall such liability exceed the amount stated in Schedule
A for the policy or policies committed for and such liability is subject to the insuring
provisions, the Exclusions from Coverage and the Conditions and Stipulations of the form of
policy or policies committed for in favor of the proposed Insured which are hereby
incorporated by reference and are made a part of this Commitment except as expressly
modified herein.
4. Any action or actions or rights of action that the proposed Insured may have or may bring
against the Company arising out of the status of the title to the estate or interest or the status
of the mortgage thereon covered by this Commitment must be based on and are subject to
the provisions of this Commitment.
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GF-C1813- Georgia
Title insurance Commitment
COMMITMENT FOR TITLE INSURANCE
ISSUED THROUGH THE OFFICES OF
Attorneys' Title Guaranty Fund, Inc.
THE GEORGIA ATTORNEYS' ORGANIZATION SPECIALLY ORGANIZED TO
PROVIDE COMPLETE TITLE ASSURANCE
BY ITS MEMBER
HARRY B. JAMES, III
has caused FIRST AMERICAN TITLE INSURANCE COMPANY to issue this commitment for title
msurance.
First American Title Insurance Company
FIRST AMERICAN TITLE INSURANCE COMPANY, a California corporation, herein called the
Company, for valuable consideration, hereby commits to issue its policy or policies of title insurance as
identified in Schedule A, in favor of the proposed Insured named in Schedule A, as owner or mortgagee of
the estate or interest covered hereby in the land described or referred to in Schedule A, upon payment of the
premiums and charges therefor; all subject to the provisions of Schedules A and B and to the Conditions and
Stipulations hereof.
This Commitment shall be effective only when the identity of the proposed Insured and the amount of
the policy or policies committed for have been inserted in Schedule A hereof by the Company, either at the
time of the issuance of this Commitment or by subsequent endorsement.
This Commitment is preliminary to the issuance of such policy or policies of title insurance and all
liability and obligations hereunder shall cease and terminate six (6) months after the Effective Date hereof or
when the policy or policies committed for shall issue, whichever first occurs, provided that the failure to
issue such policy or policies is not the fault of the Company,
This Commitement shall not be valid or binding until Schedule A has been countersigned by either a
duly authorized agent or representative of the Company and Schedule B-1 and B-II have been attached
hereto.
IN WITNESS WHEREOF, the Company has caused this Commitment to be signed and sealed, to
become valid when countersigned by an authorized officer or agent of the Company, all in accordance with
its By-Laws. This Commitment is effective as of the date shown in Schedule A as "Effective Date",
First American Title Insurance Company
BY ~({ c7
ArrEST: 171 d R- ~ SECRETARY
PRESIDENT
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ATGF 1813-A
Title Insurance Commitment
(REV 9/78)
Attorneys' Title Guaranty Fund, Inc.
SCHEDULE A
Agent's
File No: 553
Commitment No, GFC 553
Date Effective: October 25,20021 :30 P,M,
Amount of Policy: $ 67,500,00
2, Policy or Policies to be issued:
(a) A.L.T.A. Owner's Policy Form - 1992
Proposed Insured: AUGUSTA, GEORGIA, a political subdivision of the State of Georgia
(b) A.L.T.A. Loan Policy - 1992 Amount of Policy:
Proposed Insured:
3. The estate or interest in the land described or referred to in this Commitment and covered herein is an estate or
interest designated as follows:
Fee Simple
4, Title to the estate or interest in the land described or referred to in this Commitment and covered herein (and
designated as indicated in No.3 above) is, at the effective date hereof, vested in:
POWER CONTROL SYSTEMS OF GEORGIA, INC,
5. The land referred to in this Commitment is in the State of Georgia County of Richmond
and described as follows:
All that tract or parcel of land with improvements thereon situate lying and being in the State of Georgia,
County of Richmond, 89th GMD, containing a total of 1.00 acre, and more particularly described on a
subdivide plat dated January 9, 2001, prepared for Power Control Systems, Inc. by H. Lawson Graham &
Associates, Inc., and recorded in Realty Reel 790, page 1391, Office of the Clerk of the Superior Court of
Richmond County, Georgia, Reference is made to said plat for a more complete and accurate description of
the metes, bounds and location of said property.
By:
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ATGF 1813-8-1
Title Insurance
Commitment-(REV 9/78)
Attorneys Title Guaranty Fund, Inc.
SCHEDULE B-1
(Exceptions)
Issuing Office File No,: 553
Commitment No, GF-C 553
Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to
the satisfaction of the Company,
1, Defects, liens, encumbrances, adverse claims, or other matters, if any, created, first appearing in the public records or attaching
subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest
or mortgage thereon covered by this Commitment.
2, Any owner's policy issued pursuant hereto will contain under Schedule B the General Exceptions set forth al the inside cover
hereof, Any loan policy will contain under Schedule B General Exceptions 1, 2, 3 & 5 unless a satisfactory survey and inspection
of the premises is made and will contain General Exceptions 4 and 6,
3, In the event this Commitment is issued with respect to a construction loan to be disbursed in future periodic installments, then
the policy shall contain an additional exception which shall read as follows:
.Pending disbursement of the full proceeds of the loan secured by the mortgage insured, this policy only insures the amount
actually disbursed, but increases as proceeds are disbursed in good faith and without knowledge of any intervening lien or interest
to or for the account of the mortgagor up to the amount of the policy. Such disbursement shall not extend the date of the policy or
change any part thereof unless such change is specifically made by written endorsement duly issued on behalf of the Company,
Upon request by the insured (and payment of the proper charges therefor.) the Company will search the public records subsequent
to the date of the policy and furnish to the insured a continuation report showing such matters affecting title to the land as they have
appeared in the public records subsequent toJhe date of the policy or the date of the last preceding continuation report. and if such
continuation report shows intervening lien, or liens, or interest to or for the account of the mortgagor, then in such event this policy
does not increase in liability unless such matters as actually shown on such continuation report are removed from the public
records by the insured,"
4, All state and county taxes for the year 2002 and all taxes for subsequent year:;,
5, The exact location of boundary lines, unrecorded easements, possible encroachments and other facts or conditions which would
be disclosed by an accurate survey and inspection of the property; possible liens of architects, laborers or materialmen for
improvements of the property, not filed for record at the effective date hereof, and rights, if any, of persons who may be in
possession under claims not appearing of record,
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ATGF 1813-8-11
Title Insurance
Commitment
(REV, 8/78)
Attorneys Title Guaranty Fund, Inc.
SCHEDULE 8-11
(Requirements)
Agent File No, 553
Commitment No, GF-C 553
REQUIREMENTS TO BE COMPLIED WITH, DEFECTS AND OBJECTIONS TO BE REMOVED OR ELIMINATED AND LIENS
AND ENCUMBRANCES TO BE SATISFIED AND DISCHARGED OF RECORD BEFORE POLICY OF TITLE INSURANCE WILL
BE ISSUED WITHOUT EXCEPTION THERETO,
Item 1, Proper documents creating the estate or interest to be insured must be executed and duly filed for record, to wit:
a, Limited Warranty Deed conveying Fee Simple Title to the within described parcel from Power Control Systems of
Georgia, Inc" to the City of Augusta, Georgia, referencing that the State of Georgia is a third-party beneficiary under
the Georgia Greenspace Program and the specific language as required for the acquisition of Greenspace Property
when Grant Funds are used,
Item 2, Submit proof satisfactory to the Company of the payment to, or for the account of, the sellers or mortgagors of the full
consideration for the estate or interest to be insured,
Item 3, Submit proof satisfactory to the Company of rights or claims of parties in possession,
Item 4, Submit proof satisfactory to the Company showing full payment for all labor performed, services and materials furnished
within the period provided by law for filing claims of liens,
Item 5, Submit proof satisfactory to the Company covering all questions of accuracy.or location of boundary lines, location of
improvement, encroachments, easements, area and all other matters whatsoever which an accurate survey might show,
Exception will be made only to such matters adversely affecting title as are disclosed by such survey,
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REAL ESTATE SALES CONTRACT
THIS AGREEMENT, made and entered into this _3Oth_ day of August,
2002; between and amongT.R. Reddy. hereinafter referred to as the "Seller"; and
AUGUSTA, GEORGIA, a political subdivision of the State of Georgia, hereinafter referred
to as "Buyer".
WIT N E SSE T H:
(1) For value received Seller has agreed to sell and Buyer has agreed to
buy on the terms and conditions hereinafter set forth the property described as follows:
All that tract or parcel of land with improvements thereon situate, lying and
being in the State of Georgia, County'of Richmond, 89th GMD, containing a total of 1.00
acre, and more particularly described on a subdivide plat dated January 9, 2001, prepared
for Power Control Systems, Inc., by H. Lawson Graham & Associates, Inc., and recorded
simultaneously herewith in Realty Reel 790, page 1391, office of the Clerk of Court of
Superior Court of Richmond County, Georgia. Reference is made to said plat for a more
complete and accurate description of the metes, bounds and location of said property.
(2) The purchase price of the property shall be sixty-seven thousand five
hundred ($67,500.00) payable in cash at closing.
(3) The purchase and sale of this property shall be closed on or before
November 27. 2002, and possession of the property shall be delivered to Buyer at
closing.
(4) Seller agrees to furnish marketable title to said property and agrees to
convey said property by general warranty deed to the Buyer at the time the sale is
consummated, subject only to:
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(a) Covenants and restrictions of record not violated by existing
improvements or use of the property;
(b) Zoning ordinances not violated by existing improvements or use
of the property.
(5) Buyer shall furnish to Seller a written statement of objections affecting
the marketability of said title at least ten (10) days prior to the date set for closing. If the
Seller shall be unable to convey title in accordance with the provisions of this contract as a
result of the property being affected by any encumbrance (other than taxes for the current
year), outstanding interests or questions of title not expressly consented to by the Buyer
which render the Seller's title to the property unmarketable, and which may according to
reasonable expectation be removed within thirty (30) days, the Seller shall have the
privilege to remove or satisfy the same and shall for this purpose be entitled to an
adjournment of the closing of title for a period not exceeding fifteen (15) days. The Buyer
shall not be required to bring any action or proceeding or otherwise incur any expense to
render the title to the premises marketable. The Buyer may, nevertheless, accept such
title as Seller may be able to convey, without reduction of the purchase price or any credit
against same and without liability on the part of the Seller.
(6) Time is of the essence of this contract, and Seller and Buyer agree
that such papers as may be legally necessary to carry out the terms of this contract shall
be executed and delivered by the parties atthe time this sale is consummated.
(7) Seller shall pay all liens, encumbrances, water charges and the like
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on said property. Buyer is to pay for the examination of title, intangible tax, and
preparation of all instruments necessary to close this sale. Taxes shall be prorated as of
the date of closing.
(8) This contract is contingent upon approval of the purchase by the
Augusta-Richmond County Commission with Community Greenspace Funds for inclusion
in the Augusta-Richmond County Community Greenspace Program.
(9) This contract constitutes the sole and entire agreement between the
parties, and no modification to this contract shall be binding unless such modification is in
writing signed by all parties hereto. Any representations, promises or inducements not
included in this contract shall not be binding upon any party hereto. All rights, powers,
privileges and duties granted or assumed shall inure to the benefit of and shall be binding
upon any and all successors, assigns and. personal representatives of the parties hereto.
IN WITNESS WHEREOF, the undersigned have hereunto set their hands
and seals the day and year written above.
By -;'iT ~ (loS.)
By (L.S.)
By (L.S.)
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SIGNED, SEALED AND DELIVERED
in the presence of:
B~~./ fJ
(Unofficial Witness)
NOTARY PUBLIC,
MY COMMISSION EXPIRES
SIGNED, SEALED AND DELIVERED
in the presence of:
/7(2,. iJ mB1~
(UnOffiC~ Witness)
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,.t;~ARY purl,6
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M~ CO~.rv1ISSION EXPIRES
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My ~ Expires an. ,~, [)
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JtUG~ GfI~R IA (L S.)
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I~LIG 26 ';132- 0i:-izPi'( i50WERLINE1 1705s602055
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SUBDIVIDE PLAT FOR! POWBr' Ccn~'L"ol 'Sys~e"'!;' Xnc.
SUBOIVlSION OF" 1 ACRE OUT OF 12.90 ACRE TRACT
PROPERTY LOCAttD WITHIN THE S9TH O.ll/tD.,
f~ L~Jj H. LA~~~~~~ INC.]
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Al.lg~ - Richmond county
0512112002 1.4;5a:22,OO "
Iilaine C. Johnson