HomeMy WebLinkAboutAugusta Technical Institute Foundation,Inc.
Augusta Richmond GA
DOCUMENT NAME: (\~US-\Q \ert\\\\Cil\ \ \\O\\~ fuAf'dancxr f \ re.
DOCUMENT TYPE: O\em
YEAR: C\\
BOX NUMBER: O?:> "
FILE NUMBER: \~l5
NUMBER OF PAGES: \D
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REa 564 PAGE 1294
LIMITED WARRANTY DEED
97 :JUL 24 PM,3: 55
EL'J\H!S INJD-E~mYRE, made this 24th day of June, 1997 between AUGUSTA TECHNICAL
CLERI\ Of S'NEi\JOR COURT
INSTITUTE FOUNDATION, INC., a Georgia nO!Jprofit corporation, of Richmond County,
Georgia, as Party of the First Part, and RICHMOND COUNTY, GEORGIA, as Party of the
Second Part, and .
WITNESSETH:
That said Party oftb.s:: First Part, for and L'1 consideration.ofthf::sumcfTEN AND NOIlGa
($10.00) DOLLARS and other valuable consideration, in hand paid, at and before the sealing and
delivery of these presents, the receipt whereof is hereby acknowledged, has granted, bargained,
sold and conveyed, and by these presents does grant, bargain, sell and convey, unto said Party
of the Second Part, its successors and assigns, the following described property, to-wit:
luCHMOND COUlfTY, GBORGIA
RNDl1l8t&u h'h'ftr Tar. All that lot, tract or parcel of land, with all
ptJiJ $ 0 improvements thereon, situate, lying and being in the
1/ County of Richmond, State of Georgia, and being
Date '1- ()\f'~ c; / more particularly described in the exhibit hereto
~ ~. ~LA.J'\.fj.ttached, marked Exhibit "A" and by reference made
EWne c.lol:n.zT"""'-"-a part hereof. . .
CJntqf Superior lAud
TO HAVE AND TO HOLD the said bargained premises, together with all and singular
the righis, members and appurtenances. thereof, to the same being, belongin~ or in anywise
appertaining to the only proper use, benefit and behoof of the said Party of the Second Part, its
successors and assigns, forever, IN FEE SIMPLE.
AND the said Party of the First Part, for its successors and assigns, will warrant and
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 lawful claims of all persons claiming by, through or
under the said Party of the First Part.
A:\REOOI\W AR _DEED.OO2
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ORIGINAL REEL RECORDED
REEL 564 PAGE 1294
WIP 10: 321186
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REEL 564 PAGE 1295
IN WITNESS WHEREOF, the said Party of the First Part has caused these presents to be
executed by its proper officers and its corporate seal affixed, the day and year first above written.
AUGUSTA TECHNICAL INSTITUTE
FOUNDA TION, INC.
BY:
?t~kc/~~ (L.S.)
AS ITS PRESIDENT
ATTEST:
~~
S TS SECRETARY
(L. S . )
Notary Public, Richmond County, Georgia
My Commission Expires March 3. 2000
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SIGNED, SEALED AND DELIVERED
in the prese ce of:
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REEL 564 PAGE 1296
EXHIBIT" A"
ALL that lot, tract or parcel of land, with all improvements thereon,
situate, lying and being in the 123rd G.M.D. of Richmond County, Georgia,
containing 3.0 acres, more or less, and being designated as Tract "B" on
a plat prepared by W.R. Toole Engineers, Inc, dated June 26, 1997, which
plat as prepared is recorded in the Office of the Clerk of the SUEeri~ Court
of Richmond County, Georgia on Realty Reel~~ Page/';,fl, else(~and
to which plat reference is hereby made for a more particular description as
to the metes, bounds, courses, distances and location of said property.
Said property is conveyed together with, and subject to, such rights,
reservations, easements, limitations, restrictions and other matters
contain.ed in'that certain Fee Simpk Deed WithcutWarranty dated March
6, 1989, from COUNTY BOARD OF EDUCATION OF RICHMOND
COUNTY, GEORGIA herein to the STATE OF GEORGIA, recorded in
aforesaid Clerk's Office on Reel 307, Pages 1099, et seq.; that certain
EASEMENT AGREEMENT also dated March 6, 1989, between COUNTY
BOARD OF EDUCA nON OF RICHMOND COUNTY, GEORGIA and
the STATE OF GEORGIA, recorded in aforesaid Clerk's Office on Realty
Reel 307, Pages 1108-1111; and that certain Agreement containing an
INGRESS-EGRESS EASEMENT dated March 23, 1978 between
COUNTY BOARD OF EDUCA nON OF RICHMOND COUNTY,
GEORGIA and the GEORGIA EDUCA nON AUTHORITY (SCHOOLS)
recorded in aforesaid Clerk's Office on Realty Reel 96, Pages 537-539.
GA, RICHMOND COUNTY CLERK SUPERIOR COURT
FILED FOR RECORD 24 JUL 1997 AT 03:55PM
RECORDED 24 JUL 1997
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454 Greene St.
REEL 582 PAGE 720
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... rll.FD \'1 HilS r~9Yt~.~ANT OF PURPOSEi USE AND OWNERSHIP
'~h'l~r.lti6~:~\~~bf;: dated . August 5, 19~i i~ by. The /lAL,)
J\uglll1~tJJJrr..1-hJlllltld rf.cvl1nt.y Comm.i.55 i on~"Il~.l ("Grantee"). for the r-
benir~I'o~t~ ~~omic D~velopment Administrationl United States
. Dep~!=m~;~tc.9J{JI.~~rce, lo~a~ed at the Main Commerce Bui ldi~g,.
Was>>:tfi~t.ofi!iFfD'Im cour00230 ('IEDA'.) ; with a Regional Office at 401 West
Peachtree Streett~; W; Sui t:e i820 t Atlanta, Georgia ,.30308.-:3510: ,.
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Granteemakesthls Covenant based on the following; . .....-.
. . : . .. \ " ~
. Grantee subinH:ted an~ppl ication, designated as. EDA Project
No. 04-49-04242 for financial assistance under the Public Works and
Economic Development Act of 1965i as amended (P.L. 89-136,
42 U.S~C. 3121; et seq.) ("PWEDA").
. I'
B~Appro~al arid Aw~rd of Grant, dated Apri19t. 1991i .as
amended, EDA offered a Grant of $1t100,OOO ("Grant Amouhtil) to
assist infinancirtg the ~onst:ru~tlori aridd~velo~~eht of a business
. inGubator facility ,{ "p.r():JeCt.i.ij~i~hthe. t6tal.project ~stiinated to
t $1 500 000 t. ,,,. ., ...". .' ..... ~ . ,.. ,
cos .; ;. ... t. '.:. ::'.'~" i. ':..~'~::.l.)n".~ . f,..
The Project is situated on the reai property described in
Exhibi t "A" attached and incorporated herein by reference. . Any'. ; ..,. ....;
~eference in this.. Covenaht:;':.tc;>.: thE! .proJec.t: .includes, this rea! ..'.,.... .'
property.' :' .' ".. .>;,::..:" .. . ." . -, . : ,..... ' , :
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On April.21i i997i th~ Gr~nt~~ accept~d ~he Grahf stibjec~ ~o
certain terms and. conditions, incitiding the requirements of Title
.13 Cod~ of Federal~R~gulation~, Part 314~ as amended.
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. The ~DA Grant Agreem~ntprovides, inter ~lia; that GranteG,
witho~t EDA's prioi Written .cohs~rlti will not sell, lease~
mortgage, ot6ther~ise.~li~nat~ ~ny right to, or interest in, the
Project as prescribed ih Titl~ 13 CFR Part 314 and ~itle 15 CFR
Part 24i..TheGf~nt Agree~ent and said regulations also prohibits
Grantee~ without EDA's prio~ Writt~n con~ent, from ti~in~ the
Project for purposes other. t~an those sp~cifi~d in the Grant, .
Agreeme.?t~ an~l i~:~e qrante:~' s. application ( 'iAu.thorized Uses."). ..
: if Gr~rt~ee do~~ aeslr~ ~6 ~eil, le~se, mo~tga~~ or otherWis~:.
alienate any right~to or interest in the Project; it m~y be
required to compensate EDA for its fair share as set forth in
13 eFR Part 314: ..': ,1 .~..'-.. , : -;-.. Z..;
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" This Instrtim.erit: prepared by: oRlGIHAL REEL RECORDED
Jerry. C. Foster; Regional Counsel REEL 582 PAGE 720
Economic Deve~Opmerit. Administration WIP .10' 338534
401 West Peachtree Street~ N.W.~ Suite 1820
~ Atiarit~t Georgia 30308-3510
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A/~ccru;n t~r~~~ ~~b~i~u~~d t~:t u=~~ ~:n~~~~~d~~ ~~A~:t~r~b~
.;. .j....: G+ante~" thf.!Grant~e ag+ees to .the', following:
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REEL 582 PAGE 721
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will
and the
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1. The expected useful life of the'PFojec~lis,2Q. years~.
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2. Duringt ts expected useful. p.{e' ,itie . P.rqj ect. shall. be used
only for the purposes spec.i,fied In!:he G~aIlt. Agreement and in the
application. The proj ect, including .any.. ~nter~~t. therein, shall
not be sold, leased, conveyed, encumbered, abandon~d, .or otherwise
t+ansferred.withoqtthe prior written consent of..the Assistant
., ~ecretary of Commerc.e for Economic Development. !
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,:-:3. If Grante~.uses the.Proje~t' for.~ non~authorized use or
: 'c';-,'>.'. sells, lea~es, conveys,'. enc:::umbers ,,;,~bap(jqris or. 9therwis~ traIlsfers.
;~~:.with6~t the.prior wiitteq ~onse"t.Df the Assistapt:Secretary,.
, Grantee shall cOI1lperisate EDA for ~t~ .fa~+ spare: '.The fair share to
be compensated to EDA shail be computed. as set forth in Title 13
CFR Part 314.4~ a~ s~me.~a~ be amended ~+om time to time.
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4. This Cov~.nant shall run wi th . the land : :." f'
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5. The Grantee agrees that this covenant is a ~easonable
restraint on alienation of use, control, possession of or title to
the Project and underlying real property.
Authorized +epresentatives of the Grantee have signed this
Covenant on the date written above.
By:
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Att~...~
B~: ~ '..' .
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Its':
Clerk of Commission
(Title)
Its:
Mayor
(Title)
STATE OF GEORGIA
COUNTY OF Richmond
Signed,. sealed and delivered in the
pr~sence of: .
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.. REEL 582 PAGE 722
REEl 564 PACE .290.
EXHIBIT" A"
-.' .":
ALL tJ1at lot. tract or parcel of land, with all improvements thereon,
situate, lying and being in the l23rd G. M. D .of Richmond County, Georgia,
containing 3.0 acres, more or less, and being designated as Tract "B" on
a plat prepared by W.R. Toole Engineers,Il!c, dated June 26, 1997, which
plat as prepared is recorded in the Office of the Clerk of the Superior .~ourt
of Rictunond County, Georgia on Realty Reel .:.'0./, Page;::,j.j"j , et(~eq~ ~ and
to which plat reference is hereby made for a more particular description as
to the metes, bounds, courses, distances and location of said property.
Said property is conveyed together with, and subject. to, such rights,
reservations, easements, limitations, restrictions and other matters
contained in !.hat certain Fee Simph~ Deed Without Warrant~1 dated March
6, 1989. from COUNTY BOARD OF EDUCATION or RICHMONO
COUNTY, GEORGIA herein to the STATE OF GEORGIA, recorJeu in
~!foJ'('<;.1id CIcJt": I )ffice on i~ccl 307. Pngc~; 1099, et seq.: theit certain
1-/'.\1 f..!!.NT :\C;I.~ITi..l!:J~l alsu ULlltJ [\larcii (j. J~)89\ hetween COUNTY
BOARD OF ED(JC:ATlON (IF RIO Il'vlOND COUNTY, GEORGIA and
lh(: STATE (II: GEURGIA, recorded in al(}/cs~id Clerk's Offke on Realty
Reel :107. P:I}~I::'; I! 08. [ ! ! I: ;H1d i!J;i! '.:!:n:li!l ;\ C!ITt;;lIic;nl contJinil!!! all
. - "'.
rNGRESS-EGRES:., EASElvlENT Jalcd March 23,. 1978 belween
COUNTY BOARD OF EDUCATION OF RICHMOND COUNTY,
. ,
GEORGIA and the GEORGIA EDUCATION AUTHORITY (SCHOOLS)
recorded in aforesaid Clerk's Oftice on Really Reel 96, pages 537-539.
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GA, . RICHMo~~r .. SUPERIOR COURT
FilED F~~~~ -J997 AT'Q3'55PM
RECORD~,JUL '1997 ----..,
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GA,RICHt10ND COUNTY CLERK SUPERIOR COURT
' FILED FOR RECORD 12 JAN 1998 AT 04:50PM
RECORDED 12' JAN . 1998 ' .
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Jim Wall .Co
454 Greene st.
REEL 582 PAGE 720
~ ILfi:l iN iiilS O<f9Yt~NANT. OF PURPOSE, USE AND OWNERSHIP
1(IClI"!('I~.m cUllIn" . .
Thi's "Cbv.ei1an.1:; dated. August 5 , 19-2L, is by The /"WhJ
Aug1tl1~tt:Mr~~hDtgqd r::9Punty Commission,'~'L __.~ i (ItGrantee") for the ~
bener~~lo~th~ ~~o~omic Development Administration; United States
Dep~~m~<~t~~,9j{.H~rce, located at the Main Conunerce. Bui lding,
WaslUfiigtbfJ!WfD/!;g taUfOO230 ("EDA"), with a Regional Office at. 401 West
Peachtree Street;'N~W. Suite 1820, Atlantal Georgi~ 3d308~3510~
..
Grantee makes this Covenant: based on the foliowing.
......
.. .' . .~. .
Grantee submitted an appiication, deSignated as EDA Project
'No. 04~49-04242 for financial assistance under the Public Works and
Economic Development Act of 1965, as amended (P.t. 89-136;
42 V.S.C. 3121, et seq.) ('ipWEDA").
By Approval and Award of Grant; dated April 9; 1997, as
amended, EDA offered a Grant of $1,100,000 ("Grant Amount") to
assist. in financing the construction and development of a business
incubator facility (iiprojectit) with the total project estimated to
60st $1,500,OO~;
The Project is sit.uated on the real property 'described iri
Exhibit ItAII attached and incorporated herein by reference. Any.
referericein this Covenant to the Project includes this real
. property. . .
On Aptil 21,. 1991, the Grantee accepted the Grant subject to
certain terms and conditio~s,.inciuding the requirements of Title
13 Code of " Federal Regulat.ions, Part 314, as amended.
:~ . ~
. The EDA Grant Agreement provides, inter alia, that Grantee,
without EDA's prior written consent; will not sell, lease,
mortgage, or otherwise alienate any right to, or interest in, the
Project as prescribed ih Title 13 CFR Part 314 and Title 15 CFR
Part 24. The Grant Agreement and said regulations also prohibits
Grant~~r without EDA's prior written consent, from using the
Project for putpo~es other than those specified in the Grant
Agreement and. :i.n the Grantee's application ("Authorized Uses").
If Grantee does desire to. sell, lease, mortgage or otherwise
alienate any right to or interest in the Project, it ~ay be
required to compensate EDA for its fair share as set forth in
13.CFR Part 314.
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This Instrument prepared by: ORIGINAL REEL RECORDED
Jerry. C. Foster i Region~l. Couns~l REEL 582 PAGE 720
EconomIC Development AdmInIstratIon WIP 10: 338534
West Peachtree Street, N.W., Suite 1820 .
: AtlantarGe6rgia 30308-3510
Page 1 of 2
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REEL 582 PAGE 721
In order to assure that the benefits of EDA's Grant wfll
accrue to the public and be used as intended by both E6A and the
Grantee, the Grantee agrees to the following.
1. The expected useful life of the Project is 20 years.
2. During its expected useful life the Project shall be used
only for the purposes specified in the Grant Agreement and in the
application. Th~ Project, iIlcluding any interest therein, shall
not be sold, leased, conveyed, encumbered, abandoned, or otherwise
transferred without the prior written consent of the Assistant
Secretary of Commerce for Economic Development...
..
:. .
3. If Grantee uses the Project for a nori~authorized use or
sells, leases, conveys, encumbers; abandons or otherwise transfers
without the prior written consent of the Assistant Secretary,
Grantee shall compensate EDA for its fair share. The fair share to
be compensated to EDAshall be computed as set forth in Title 13
CFRPart 314.4, as same may be amended from time to time.
4. This Covenant shall run with the land.
5. The Grantee agrees that. this covenant is a reasonable
restraint on alien~tion of use, control, possession of or title to
the Project and underlying real property;
Authorized representa~ives of the Grantee have signed this
Covenant on the date. written above.
..Attest: ~
BY:~&Ift ame)'.
By:
QJ>.
Its:
Clerk of coniud.ss:l.on ...
; (TitleJ.:i:'.:~'\ "">.,; ,.....
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Its:
(Title)
STATE.dF GEORGIA.
COUNTY OF Richmond
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Signed, sealed and deli~ered in the
presence of:
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No:t:9-tl~-publi,.c.' .
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MY );:offim:!~~i6.p E~pires
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<: Approved:
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.... REa 582 PAGE 722
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REEL 564 PnGE ~96-.
EXHIBIT" A"
ALL that lot, tract or parcel of land, with all improvements thereon,
situate, lying and being in the 123rd G. M.D. of Richmond County, Georgia,
containing 3.0 acres,more or less, and being designated as Tract "B" on
a plat prepared by W.R. Toole Engineers; Inc, dated June 26, 1997, which
plat as prepared is recorded in the Office of the Clerk of the Superior .~ouri
of Richmond County, Georgia on Realty ReeL\;~. Pagel?li,e(~ecf. ~and
to which plat reference is hereby made for a more particular description as
to the metes, bounds; courses, distances and location of said property.
Said property is conveyed together with, and subject to, such rights;
reservations, . easements, limitations, restrictions and other matters
contabed in t.hat certain fee SiJTlph~ Deed Withcut Warrant~' dated March
6, 1989. from COUNTY BOARD OF EDUCATION OF RICHMOND
COUNTY, GEORGIA herein to the STATE OF GEORGIA, recorded in
. aforesaid Clerk's Office on Reel 307, Pages lO99, et seq.; that certain
EASEMENT AGREEMENT also dated March 6,1989, between COUNTY
BOARD OF EDUCATION OF RICHMOND COUNTY, GEORGIA and
the STATE OF GEORGIA, recorded in aforesaid Clerk's Office on Realty
Heel 307, Pages J 108-111 I: and that certain Agreement containing an
li'~t;RESS-EGRESS EASEMENT dated March 23, 1978 between
COUNTY BOARD OF EDUCATION OF RICHMOND COUNTY.
GEORGlA and the GEORGIA EDUCATION AUTHORITY (SCHOOLS)
recorded in <lfores:tid Clerk's Offic~~ Oil Realty Reel 96, Pages 537-539.
". .../
GA I R I CHMONO COUN~tERK SUPER I OR COURT
F I LEO FOR RECORfJ.-.2~ JUl.:--19.97 AT 03: 55PM
RECORO~JDL 1997 .~~
GAl RI~tOND COUNT V CLERK SUPERIOR COURT
FILED FOR RECORD 12 JAN 1998 AT 04150PM
RECORDED 12 JAN 1998
,\:\REOOI\W AR _DEED.IXJ=
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