HomeMy WebLinkAboutREAL ESTATE CONTRACT KNOX FOUNDATION
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REAL ESTATE SALES CONTRACT
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TillS AGREEMENT, made and entered into this 15th day of August, 2005, between and -
among the The Knox Foundation..,hereinaft~ r~ferred to as the "Seller"; and AUGUS1:.A, GEORGIA, a
political subdivision of the State of Georgia, hereinafter referred to as "Buyer".
W 1 T NE.S.~J;. T H:
(1) , For value received Seller has agreed to sell and Buyer has ll8!~ to buy on the
terms and conditions hereinafter set forth the property described as follows:
All those lots or Q.arcels of land, to~er :with aU impcovements thereon, lying and being
in the State of Georgia, Augusta-Richmond County, located at 0 Windsor Spring Road consisting of
25.49, acres, more or less, and bein!L~nown and designated as PIN 179-0-003-10-0. The subject
property is also known as Parce13.10 on Augusta-Richmond County Tax. Map 179.
(2) The purchase price of the proJ!efty shall be eighty thousand dollars ($80,000)
payable in cash at closing.
Q). The purchase and sale o(this J!ropertyshall be closed on or before December 15,
2005 and possession orthe property shall be delivered to Buyer at closing.
(4). . . Seller agrees to furnish marketable title to said prol!Crt;y ~d agrees to convey said
property by general warranty deed to the Buyer at the time the sale is consummated, subject only to:
(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 prop,erty. ,being
affected by any encumbrance (other than taxes for the current year), outstanding interests or questions of
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title not expressly consented to by the Buyer which render the Seller's title to the property unmarketable,
and which may accordingJo 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 fOf a period not exceedingjifteen (I.5tdays. 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, ne;yertbeless, 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 at the time this sale is consummated.
(7) Seller shall pay ~I ,liens, . encumbrances, water charges and the like on said
property. Buyer is to pay for the examination of title, intangible tax., and preparation of all instruments
nec~sary 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 for the prop.erty~ s inclusion in the Augusta:-Ricbmond County
Community Greenspace Program.
(9). This contract is contingent upon theJ:~e of GeQrgia W~tlands Trust Fund grant
monies earmarked for the purchase.
(10) Tbi~ ~tTact 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 suc~essors,-- ~~gns and p-~~nal r~resentatives of the
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parties hereto.
IN WITNESS WHEREOF,; the undersigned have hereunto set their hands and seals the
day and year written above.
/#c j:3rcJ)C ~o~~
By \--~
,0 ~,'I>'
By
(L.S.)
(L.S.)
SIGNED, SEALED AND DELIVERED
in the presence of:
(Unofficial Witness)
NOTARY J!UBL1C, .
M\!- COMMISSION EXlURES
SlGMID;-SEALED :\ND ImblVERED -
in the presence of:- ' . .
f1.0.AA., t<.,) Yn~/)..dfJ~
(Un~Witness){ V ,
YJCL.~ tJ >71g?~'
NQ-T~L1C,
MY COMMISSION ExpJRES
Notary Pllhll~ C'.nlllmhiA Gnllnty. Geo~gilJ
My Commission Expires Aug. 1,2006
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