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Home My WebLink AboutDUNNINGTON DEVELOPMENT LAND BANK PROPERTY ,~'1 ~ - ~.' ._-...-. Book 01099:2235 Augusta - Richmond County 200700182101/12/200716:14:45.00 $16.00 WARRANTY DEED 1111111111111111I1111I111111111I111111111111111 11111 11111111 2007001821 Augusta - Richmond County Return to: County Attorney Office 701 Greene Street, Suite 104 Augusta, Georgia 30901 LIMITED WARRANTY DEED \ STATE OF GEORGIA ) ) COUNTY OF RICHMOND ) I ( ~'::'l10- THIS INDENTURE, Made this~ day of December, 2006 between the AUGUSTA, GEORGIA LAND BANK AUTHORITY, as party of the First Part, and the DUNNINGTON DEVELOPMENT, LLC, as party ofthe Second Part, WITNESSETH: That this conveyance is made pursuant to a Resolution duly adopted on December 13,2006, by the AUGUSTA, GEORGIA LAND BANK AUTHORITY authorizing the sale of property hereinafter described and authorizing the conveyance of said property (a copy of said Resolution being attached hereto as Exhibit "B"). That the said party of the First Part, for and in consideration of the sum of Ten Dollars and other good and valuable consideration, in hand paid, at and before the sealing and delivery of these presents, the receipt of which is hereby acknowledged, has granted, bargained, sold and conveyed, and by these presents does grant, bargain, sell and convey unto the said party of the Second Part, its successors and assigns, the following described property to wit: . " , : Book 01099:2236 Augusta - Richmond County 2007001821 01/12/200716:14:45.00 See Exhibit A, hereto attached and by reference made a part hereof. TO HAVE AND TO HOLD the said tract or parcel of land, with all and singular the rights, members and appurtenances thereof, to the same being, belonging, or in anywise appertaining, to the only proper use, benefit and behoof of the said party of the Second Part, I successors and assigns, forever, in fee simple. AND THE SAID party of the First Part, for itself, 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 claims of all persons owning, holding or claiming by, through or under the said party of the First Part. IN WITNESS WHEREOF, the said party of the First Part has hereunto set its hand and seal, the day and year above written. AUGUSTA, GEORGIA LAND BANK AUTHORITY BY:~c As its: Chairman Att~-)\O~\) Q As its: Land Bank Coordinator (Seal) J.; Exhibit "A" Book 01099:2237 Augusta - Richmond County 2007001821 01/12/2007 16:14:45.00 All those tracts or parcels of land, with improvements thereon, situate, lying and being in the 1269th G.M.D., Richmond County, Georgia, consisting of "Parcel A" (1.66 acres) and "Parcel C" (7.67 acres) as shown on a plat prepared by Southern Land Surveyors, Inc., dated June 26, 2006, and prepared for Dunnington Development, LLC, and the Augusta- Richmond County Board of Commissioners, a copy of said plat being attached hereto as Exhibit "B". CHARLES C. BRIGHAM, Managing Member December 22, 2006 " . 1 Book 01096-0702 A . 2006057930 12/27/200~~~~1~:~1~~hmond County $0.00 WARRANTY DEED - 111111111111111111111111111111111111111111111111111111111111 2006057930 Augusta - Richmond Cou tC 0 PY Return to: County Attorney Office 701 Greene Street, Suite 104 Augusta, Georgia 30901 LIMITED WARRANTY DEED STATE OF GEORGIA ) ) COUNTY OF RICHMOND ) WHEREAS, the City Council of Augusta and Richmond County, Georgia were consolidated into a consolidated city-county government known as Augusta-Richmond County by an act of the Georgia Legislature passed in 1995 with the consolidation of said governments being effective January 1, 1996; and WHEREAS, said consolidated government is now known as AUGUSTA, GEORGIA and is a political subdivision of the State of Georgia. THIS INDENTURE, Made thiO;J, day of December, 2006 between AUGUSTA, GEORGIA, a political subdivision of the State of Georgia, acting by and through the Augusta-Richmond County COlmnission, as party of the First Part, and the AUGUSTA, GEORGIA LAND BANK AUTHORITY, as pmiy of the Second Pmi, WITNESSETH: That this conveyance is made pursuant to a Resolution duly adopted on December 5, 2006, by the Augusta-Richmond County Commission authorizing the transfer and sale of ,... '\ . Book 01099:2238 Augusta - Richmond County 2007001821 01/12/2007 16:14:45.00 PARCEL "A" 1.66 Ac. MAP CHECK-l/1B4,167' R=3014.79' L=204,61, NtJT'51'42"E 204. 57'(Chord) """" 1( " ~ ~I ,~O- f(\ ~ctt. '14 REBAR FOUND ~).p SET...: f(\-Q~'" EXIST. j11 ~j.:'t -..1~ ~)) MANHOLE ",,~l}; ~ .'00 '(~\."' 14 REBAR ). COMPUrro. SET POINT \!k. ~.> , ~.9" '6'n , . (;)/', 07' / 61.8+' \.p~ /\ \ '"ST. Y MANHOLE "- \ ~~'\ ~ ~cq. " " ~'<~ . 1a..'f~ N49'09'55"W" . . 'b ~ 260.10' " PARCEL "B" ~9p~ - 7.97 Ac. '"~ '- PARCEL "0" - MAP CHECK-l/2B2,BB3'=", 10.56 Ac, -.. TAX PARCEL ~ '- MAP CHECK-1jBBB,359' i+ ReBAR 016-0-001-00-0 yo, " TAX PARCEL _____~ND TOTAL-9.63 ~c. ~ ,,016-0-001-01-0 _ J99.85' 14 REBAR TOTAL-1B.23 Ac. - - - __ _ _ N81"52'5J"W SET ........... __ _ c:r~A;:----__ N81' , COMPUTED ~.zuJ, iNE..'R JIZ- - --:'" ~.7"w 662037' POINT .llIJZL RatA n-------_ . ------ i4U - 60' R/if--- - Filed in this office: Augusta - Richmond County 01/12/200716:14:45.00 Elaine C. Johnson Clerk of Superior Court ~t9-\t$ /" ""TAX PARCEL' " 012-0-077-00-cr- p ReBAR ...,."."" ~6's~OUND I ""TAX PARCEL ~ ~~ 01B-O-22B-OO-cr- I M CRIMPED TOP - ~ 'b" 1 PIPE FOUND _ '\. L= 11 0,89' ' S8$"f.J, . ,l"J '- N60'5B'T6"E <JS ~~ 181.::: TTO.88'(Chord) .&t' !!iS1 ~ \ L=93.72' " . ~ :g \.... N62'54'5S"E PARCEL C l;;e 9J.71'(Chord) 7,67 Ac, 1 MAP CHECK-l/301,613' 9B.05' SEE NOTE: 2b PROPOSED PROPERTY UNE () F w z <.:> 0<( ~ ...... "" 14 REBAR SET ~ . . I() 00 -~ ./'<) ~f;J /'<) ~ "'TAX PARCEL p REBAR 018-0-002-01-cr- FOUND 538.65' N TAX PARCEL 017-0-019-00-cr- ...... :2 1:1 ,~ "- .......... EXIST. · ' MANHOLE ...... ............. - 1;: EXIST. ,..: · MANHOLE ;:::: EXIST. C/L ~_ . . LOF CREEK .~ "'TAX PARCEL f;J ~ 018-0-003-00-cr- ~\ NOTES: 1. THIS PROPERTY MAY ALSO BE SUBJECT TO EASEMENTS, SETBACKS OR REGULATIONS, NOT SHOWN ON THIS PLAT, BUT WHICH MAYBE ON RECORD IN THE CLERK OF SUPERIOR COURT'S OFFICE. 2. ACCORDING TO THE FEMA FLOOD MAP No. 130158 0015 B DATED 2/4/87. A PORTION OF THIS LOT IS IN A 100 YEAR FLOOD ZONE. NOTE: 10. PARCEL "A H &' PARCEL "c" ARE NOT STAND ALONE LOTS. THEY W7LL BECOME A PART OF EXISTING TAX PARCEL 012-0-077-00-0. 2b. THE PROPOSED PROPERTY LINE WAS BASED 20' FROM THE EXISTING SEWER LINE. IN MY OPINION, THIS PLAT IS A PLAT TITLE: BLOCK: CORRECT REPRESENTATION OF THE DUNNINGTON DEVELOPMENT, LLC LAND PLATTED AND HAS BEEN PRE- PARED IN ACORDANCE WITH THE and THE AUGUSTA-RICHMOND ORD. BY: MINIMUM STANDARDS OF LAW. BOARD OF COMMISSIONERS CHARLES BRIGHAM LOCATION: SHOWING PARCELS "A","B","C", & "D" CARVED FROM TAX PARCEL 018--:0-001-01-0 AND TAX PARCEL 018-0-001-00-0 aka: 3021 SKINNER MILL ROAD AND aka: 3041 SKINNER MILL ROAD AUGUSTA-RICHMOND COUNTY STATE OF GEORGIA JOB # H06143 ~ f~' Book 01096:0704 Augusta - Richmond County 2006057930 12/27/2006 15:49:41.00 COpy IN WITNESS WHEREOF, the said party of the First Part has hereunto set its hand and seal, the day and year above written. SIGNED, SEALED AND DELIVERED in the presence of: I ". r \ I . NotV lC, Sta~....0"f Ge rgl ,..."">&C"~It'tt,~ "",.~..., PL,h \~ ~.Q> . ,. "1tIJ:,~t, /'.' .... ....n....:_~~~~ 1- ..... ... ,.~ '. J~.. it... i i ~dfAII~ \ \ if: -.- : 1!: ~ \ PIJ~\.O I J t A'\ .. ~ D'-"!\ I ;j'''- .~ .. *.0 r::.~ f n.. ...~Nov.~.~. .A.~" ""1"~ ...... ...~, l'lA.,,, r.O"'" ~~ AUGUS.T ~ ~~~. . RGIA . BY: ()(;{\{/ ".Lr- . As its: Mayor ..,.,'.- \: \~::'\).<! . , Book 01096:0705 Augusta - Richmond county. 2006057930 12/27/2006 15:49:41.00 Exhibit A COpy All those tracts or parcels of land, with improvements thereon, situate, lying and being in the 1269th G.M.D., Richmond County, Georgia, consisting of "Parcel A" (1.66 acres)and "Parcel C'I (7.67 acres) as shown on a plat prepared by Southern Land Surveyors, Inc., dated June 26, 2006, and prepared for Dunnington Development, LLC, and the Augusta- Richmon~ County Boar? of Commissioners, an.d ~eco:rded in the Office of the Cl~~k/of the Supenor Court of Richmond County, GeorgIa III Deed Book~, at page tit/it ;' reference being made to said plat for a more complete and accurate description as to the metes, bounds and location of said properties. Augusta, Georgia shall also retain a ,twenty (20) foot easement over any and all existing water and sewer pipelines and storm water drainage lines for which there is no easement of record. Said easement(s) shall be held in perpetuity and are for.the purpose of laying, relaying, installing, extending, operating, repairing, maintaining, and replacing pipelines transporting a11d carrying utility services. Augusta, Georgia, its successors and assigns, also retain the right, but not the duty, to clear and keep, clem' all trees, undergrowth and other obstructions from said permanent easement(s), along with the free right of ingress and egress to and from said permanent easement for these and the aforesaid purposes. The Grm1tee, his heirs and assigns shall have the right to use said easement( s) in any manner not inconsistent or interfering with the aforesaid purposes. The plm1ting of trees, or other vegetation, on said permm1ent easement( s) that may interfere with the aforesaid purposes is strictly prohibited. The use of said permanent easement(s) by anyone other than Augusta, Georgia is also prohibited without the express permission of Augusta, Georgia. Portions of Map and Parcels: 018-0-001-00-0 and 018-0-001-01-0 r' Book 01096:0703 Augusta - Richmond County 2006057930 12/27/2006 15:49:41.00 COpy property hereinafter described and authorizing the conveyance ,of said property (a copy of said Resolution being attached hereto as Exhibit "B"). That the said party of the First Part, for and in consideration of the sum of Ten Dollars and other good and valuable consideration, in hand paid, at and before the sealing and delivery of these presents, the receipt of which is hereby acknowledged, has granted, bargained, sold and conveyed, and by these presents does grant, bargain, sell and convey unto the said party of the Second Part, its successors and assigns, the following described property to wit: See Exhibit A, hereto attached and by reference made a part hereof. TO HAVE AND TO HOLD the said tract or parcel of land, with all and singular the rights, members and, appurtenances thereof, to the same being, belonging, or in anywise appertaining, to the only proper use, benefit and behoof of the said party of the Second Part, I successors and assigns, forever, in fee simple. AND THE SAID party of the First Part, for itself, 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 claims of all persons owning, holding or claiming by, through or under the said party of the First Part. Exhibit B Book 01096:0706 Augusta - Richmond County 2006057930 12/27/2006 15:49:41.00 " RESOLUTION TO AUTHORIZE TRANSFER AND, SALE OF PROPEBIrH'RTt\.~ 7 AUGUST A, GEORGIA LAND BANK AUTHORITY ~ U r I WHEREAS, the Augusta Commission (hereinafter "City" or "Augusta") lias approved the transfer and sale of a port ion of the property commonly known as Map and Parcel 018-0-001- 00-0 and Map and Parcel 018-0-001-01-0 (previously misidentified as Map 018-0-001-00) shown Parcel A containing 1.66 acres and Parcel C containing 7.67 acres, on a plat prepared by Southern Land Surveyors, Inc. for Dunnington Development, LLC and 'the Augusta-Richmond Board of Commissioners dated June 26, 2006 (the "Property"), to the Augusta, Georgia Land' Bank Authority (the "Land Bank), a copy of which is attached hereto and incorporated herein by reference; and WHEREAS, it is anticipated that the Land Bank will simultaneously sell the Property for the sum of $25,000.00 per acre to an adjacent landowner, Dunnington Development, LLC; and WHEREAS, such transfer is conditioned upon and contingent upon net sales proceeds being delivered to Augusta, Georgia. NOW THEREFORE, it is hereby resolved as follows:- 1. That a portion of the property commonly known as Map and Parcel 018-0-001-00-0 and Map andParcel 018..,0-001-01-0 (previously misidentified as Map 018-0-001- 00) shown as Parcel A containing 1.66 acres and Parcel C containing 7.67 acres, ona plat prepared by Southern Land Surveyors, Inc. for Dunnington Development, LLC and the Augusta-Richmond Board of Coinmissioners dated June 26, 2006 shall be transferred to the Augusta, Georgia Land Bank Authority in consideration of the net sales proceeds from any sale, of the property by the Augusta, Georgia Land Bank Authority bein~ delivered to Augusta, Georgia for deposit in the General Fund of . " Book 01096:0707 Augusta - Richmond c?unty . 200605793012/27/200615:49:41.00 Augusta, Georgia. It is anticipated that the subject property \Ttb~ Dunnington Development, LLC at the appraised value of $25,000.00 per acre. .. 2. It is further resolved that the Mayor of Augusta, Georgia shall execute, a Limited' ",. Warranty Deed to Augusta, Georgia and, such other documentation as may reasonably be required, in form approved by the County Attorney, conveying all of ' Augusta's interest in the property, which interest is subject to all easements and restrictions of record. 3. This Resolution shall be recorded in the Minutes of the Augusta-Richmond County Commission, accompanied by the exhibits referred to herein. Duly' adopted by the Augusta-Richmond - County Commission, this 5th day of 'December, 2006. ~ August~~ RiI7~ond coun; Commi~sion BY: CY.$I.r ' As Its Mayor ATTEST:~Lht?Y tL! mm~' ~, Clerk ,.. _ (Seal) Filed in this office: Augusta - Richmond County 1 'J1?7/?nnR 15'49:41.00 Elaine C. Johnson Clerk of Superior Court .r.-o. OMB NO. 2502-0265 ,r A. . , ~., ~ B. TYPE OF LOAN: U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT 1.DFHA 2.QFmHA 3. ~CONV. UNINS. 4.DVA 5. DCONV. INS. 6. FILE NUMBER: I 7. LOAN NUMBER: SETTLEMENT STATEMENT 8. MORTGAGE INS CASE NUMBER: C. NOTE: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlemen agent ar~shown. Items marked "[POC]" were paid outside the closing; they are shown here for informational purposes and are no iTusr 1...p'V D. NAME AND ADDRESS OF BORROWER: E. NAME AND ADDRESS OF SELLER: F. NAME AND "D1'J'r{E~CJ1!"t.E~R Dunnington Development, LLC Georgia Bank 2907 Professional Parkway Augusta, Georgia Land Bank Authority of Augusta Augusta, GA 30907 3530 Wheeler Road Augusta, GA 30909 G. PROPERTY LOCATION: H. SETTLEMENT AGENT: 58-1600181 I. SETTLEMENT DATE: Parcel "A" & "C" (1.66 & 7 .67 ac.) Robert J. Lowe, Jr. P.C. off Skinner Mill Rd. Augusta, GA 30909 PLACE OF SETTLEMENT 2907 Professional Parkway Augusta, GA 30907 J. SUMMARY OF BORROWER'S TRANSACTION K. SUMMARY OF SELLER'S TRANSACTION I nn r.R()~~ <l.nn II=R. 101. Contract Sales Price 233,250.00 401. Contract Sales Price 233,250.00 102. Personal Property 402. Personal Prooerty 103. Settlement Charqes to Borrower (Line 1400) 4,674.25 403. 104. 404. 105. 405. Arliu~tm"nt~ Fr.r Itpm~ P"'id Bv SellAr in advance Adiu,~tm"'nts For ItAm.~ Paid Bv ,"pllpr 'n- ",rlvance 1 06. CitylTown Taxes to 406. CitvlTown Taxes to 107. County Taxes to 407. County Taxes to 108. Assessments to 408. Assessments ' to 109. 409. 110. 410. 111. 411. 112. 412. 120. GROSS AMOUNT DUE FROM BORROWER 237,924.25 420. GROSS AMOUNT DUE TO SELLER 233,250.00 200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER: 500. REDUCTIONS IN AMOUNT DUE TO SELLER: 201. Deposit or earnest money 501. Excess Deposit (See Instructions) 202. Principal Amount of New Loan(s) 279,000.00 502. Settlement Charqes to Seller (Line 1400) 203. Existina loan(s) taken subiect to 503. Existinq loan(s) taken subiect to 204. 504. Payoff of first Mortgage 205. 505. Payoff of second Mortqaqe 206. 506. 207. 507. 208. 508. 209. 509. Adiustments For Items Unoaid Bv Seller Awustments For Items Unoaid Bv Seller 210. CitvlTown Taxes to 510. CitvlTown Taxes to 211. County Taxes to 511. CountV Taxes to 212. Assessments to 512. Assessments to 213. 513. 214. 514. ,r 215. 515. ' 0 216. 516. 217. 517. 218. 518. 219. 519. 220. TOTAL PAID BY/FOR BORROWER I 279,000.00 520. TOTAL REDUCTION AMOUNT DUE SELLER I 300. CASH AT SETTLEMENT FROMITO BORROWER: 600. CASH AT SETTLEMENT TO/FROM SELLER: 301. Gross Amount Due From Borrower (Line 120) 237,924.25 601. Gross Amount Due To Seller (Line 420) 233,250.00 302. Less Amount Paid BylFor Borrower (Line 220) ( 279,000.00) 602. Less Reductions Due Seller (Line 520) ( 303. CASH ( FROM) ( X TO) BORROWER 41,075.75 603. CASH ( X TO) ( FROM) SELLER 233,250.00 The undersigned hereb Borrower Augusta, Georgia Land Bank HUD-' (3-86) RESPA. HB4305.2 $ L. SETTLEMENT CHARGES !CD % 700. TOTAL COMMISSION Based on Price Division of Commission (line 700) as Follows: 701.$' to 702. $ to 703. Commission Paid at Settlement 704. to 800. ITEMS PAYABLE IN CONNECTION WITH LOAN 801. Loan Origination Fee 1.0000 % to Georaia bank and Trust 802. Loan Discount % to 803. Appraisal Fee to 804. Credit Report to 805. Lender's Inspection Fee to 806. Mortaaae Ins. App. Fee to 807. Assumption Fee to 808. 809. 810. 811. gOO. ITEMS REOUIRED BY LENDER TO BE PAID IN ADVANCE 901. Interest From to @ $ 902. Mortgage Insurance Premium for months to 903. Hazard Insurance Premium for vears to 904. 905. 1000. RESERVES DEPOSITED WITH LENDER 1001. Hazard Insurance 1002. Mortgage Insurance 1003. CitylTown Taxes 1004. County Taxes 1005. Assessments 1006. 1007. 1008. 1100. TITLE CHARGES 1101. Settlement or Closing Fee 1102. Abstract or Title Search 1103. Title Examination 1104. Title Insurance Binder 1105. Document Preparation 1106. Notary Fees 1107. Attorney's Fees (includes above item numbers: 1108. Title Insurance (includes above item numbers: 1109. Lender's Coverage 1110. Owner's Coverage 1111. 1112. 1113. 1200. GOVERNMENT RECORDING AND TRANSFER CHARGES 1201. Recording Fees: Deed $ 14.00; Mortgage $ 20.00; 1202. City/County Tax/Stamps: Deed . Mortgaae 1203. State Tax/Stamps: Deed ; Mortaaae 1204. 1205. 1300. ADDITIONAL SETTLEMENT CHARGES 1301. Survey 1302. Pest Inspection 1303. 1304. 1305. ' 1400. TOTAL SETTLEMENT CHARGES (Enter on Lines 103. Section J and 502, Section K) .4~ By ,;go;og p'g' 1 of \h;, ""'moo'. 'h, ,;gootm;" "'",wl,dg' ",,;pI of, ",mpl,',d "'~"'m:"' RCl~fk(owe, Jr. Settlement Agent . , Iday months ~ il $ months ~ il $ months ~ il $ months ~ il $ months @ $ months @J $ months @. $ months @ $ to to Robert J. Lowe, Jr. P.C. to to to to to Robert J. Lowe, Jr. P.C. Robert J. Lowe, Jr. PoCo to Lawvers Title Insurance Comoanv $ $ to to days %) , per per per per per per per per month month month month month month month month Releases $ 12.00 PaQe 2 PAID FROM BORROWER'S FUNDS AT SETTLEMENT PAID FROM SELLER'S FUNDS AT SETTLEMENT -- .. ..., 11 '--' 'I2~0, 04lI 250.00 25.00 1,000.00 ) 563.25 46.00 4,674,25 ( .I DUNNINGTON /14 ) J. .. RESOLUTION TO AUTHORIZE SALE OF PROPERTY TO DUNNINGTON DEVELOPMENT, LLC WHEREAS, the Augusta Commission (hereinafter "City" or "Augusta") by resolution dated December 5, 2006 approved the transfer and sale of a portion of the property commonly known as Map and Parcel 018-0-001-00-0 and Map and Parcel 018-0-001-01-0 (previously misidentified as Map 018-0-001-00) (the "Property"), to the Augusta, Georgia Land Bank Authority (the "Land Bank"); and WHEREAS, Dunnington Development, LLC has offered to purchase a portion of the property commonly known as Map and Parcel 018-0-001-00-0 and Map and Parcel 018-0-001- 01-0 (previously misidentified as Map 018-0-001-00), said property being shown as Parcel A containing 1.66 acres and Parcel C containing 7.67 acres, on a plat prepared by Southern Land Surveyors, Inc. for Dunnington Development, LLC and the Augusta-Richmond Board of Commissioners dated June 26, 2006, a copy of which is attached hereto and incorporated herein by reference, for $25,000.00 per acre, and ,~ WHEREAS, the transfer of such property from Augusta, Georgia was conditioned upon the net sales proceeds being delivered to Augusta, Georgia. NOW THEREFORE, it is hereby resolved as follows: 1. That the conveyance of a portion of the property commonly known as Map and Parcel 018-0-001-00-0 and Map and Parcel 018-0-001-01-0 (previously misidentified as Map 018-0-001-00) and shown as Parcel A containing 1.66 acres and Parcel C containing 7.67 acres, on a plat prepared by Southern Land Surveyors, Inc. for Dunnington Development, LLC and the Augusta-Richmond Board of I Commissioners dated June 26, 2006, is hereby accepted. 4' ,; 2. The contract from Dunnington Development, LLC to purchase said property for $25,000.00 per acre is hereby accepted. 3. It is further resolved that the Chairman of the Augusta, Georgia Land Bank Authority, and its Coordinator are authorized to execute a Limited Warranty Deed to Dunnington Development, LLC and such other documentation as may reasonably be required, in form approved by the Authority's Attorney, conveying all of the Augusta, Georgia Land Bank Authority's interest in the property, to Dunnington Development, LLC, subject to easements and restrictions of record. 4. That the net proceeds from the sale of the property shall be delivered to Augusta, Georgia. 5. This Resolution shall be recorded in the Minutes of the Augusta., Georgia Land Bank Authority, accompanied by the exhibits referred to herein. Duly adopted by the Augusta, Georgia Land Bank Authority, this 13th day of December, 2006. Augusta, Georgia Land Bank Authority BY:/~ Its:~ \, (', ATT: ~~--- Its: Coordinator (Seal)