HomeMy WebLinkAbout790564 RESOLUTION
RE: APPROVING AN AGREEMENT FOR SALE AND PURCHASE OF REAL ESTATE
COVERING THE OLD WELD COUNTY NURSING HOME.
WHEREAS, the Board of County Commissioners of Weld County,
Colorado, pursuant to Colorado statute and the Weld County Home
Rule Charter, is vested with the authority of administering the
affairs of Weld County, Colorado, and
WHEREAS, an agreement for sale and purchase of real estate
has been executed by Barry E. Serlis, as purchaser and Weld County,
Colorado as the Seller covering the sale of Lots 1, 2, 3, 4 and
5 inclusive, Cranford Subdivision, Block 162, City of Greeley,
Weld County, Colorado for the total sum of $100, 000. 00, a copy
of said agreement for sale and purchase of real estate being
attached hereto and incorporated by reference at this point, and
WHEREAS, the Board of County Commissioners of Weld County,
Colorado deem it advisable and in the best interests of Weld
County to execute said agreement for sale and purchase of real
estate and accept the down payment tendered therewith.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Com-
missioners of Weld County, Colorado that the agreement for sale
and purchase of real estate covering the Old Nursing Home pro-
perty owned by Weld County, Colorado be, and hereby is, approved
and the Chairman of the Board of County Commissioners of Weld
County, Colorado is authorized and directed to execute said agree-
ment.
The above and foregoing Resolution was , on motion duly made
and seconded, adopted by the , following vote on the 12th day of
March, A.D. , 1979.
BOARD OF COUNTY COMMISSIONERS
ATTEST: IY' /la ELD COUNTY, COLORADO
Weld County Clerk and Recorder +—
rBya"--'\(Clerk to the B rd , /J- eputy County Clerk
x
- �PFRO D AS TO FORM: ---
9e,./ �r.:,°-147-2-17741W,‘
County Attorney
DATE PRESENTED: MARCH 12, 1979
p.(U //Coco / 1 / 790564
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AGREEMENT FOR SALE AND PURCHASE
OF REAL ESTATE
THIS AGREEMENT, made at Greeley, Colorado, this 12th'.day of
March, 1979, between WELD COUNTY, a Political Subdivision of the
State of Colorado (Seller) and BARRY E. SERLIS, (Purchaser) .
WITNESSETH that in consideration of the payment by Purchaser
to the Seller the sum of One Hundred Thousand Dollars ($100 ,000 . 00)
in cash, the Seller agrees to sell to the Purchaser the property,
including all improvements thereon and all fixtures of a permanent
nature currently on the premises except as may be provided for with
all easements and rights-of-way and appurtenances thereto, more
particularly described as follows :
Lots 1, 2, 3, 4 and 5 inclusive, Cranford Subdivision
Block 162, City of Greeley, Weld County, Colorado.
This agreement of sale and purchase is subject to the following
conditions :
1. That Purchaser shall proceed with due diligence to develop
subject property as elderly housing under the cooperation of
various government agencies, including the obtaining of appropriate
zoning therefor.
2. That Purchaser will apply and can obtain a firm commit-
ment from F.H.A. for Section 221 (d) (4) financing for housing for
the elderly.
3. That subject to the approval and disbursement of the
aforementioned commitment and loans as provided for in 1 and 2
hereinabove, Purchaser agrees to pay for subject property the sum
of One Hundred Thousand Dollars ($10, 000. 00 to be paid down as per
this Agreement and $90 ,000. 00 to be paid to the Seller upon closing
as hereinafter provided) .
4. It is understood and agreed that Purchaser has made appli-
cation for a loan upon said premises and improvements , and that Pur-
chaser shall pay to Seller $10,000. 00 upon execution of this
Agreement.
5. The parties to this Agreement declare that the closing of
the sale of the real property covered by this Agreement shall occur
I/ C
on June 1, 1979 unless an earlier date is agreed upon by both
parties to this Agreement.
6. Time is of the essence and if closing does not occur
on or before June 1, 1979, then this Agreement shall be void
and of no effect at the option of the party not in default. In
the event of such default by Purchaser and if the Seller elects
to treat the Agreement as void, then the $10 ,000. 00 earnest money
shall be retained by the Seller as liquidated damages. In the
event the non-defaulting party elects to treat this Agreement as
being in full force and effect, then nothing herein shall be con-
strued to prevent its specific performance.
7. Seller shall furnish to Purchaser a commitment to insure
the title to said property which shall reveal a marketable title
to said property in the Seller and after full payment shall cause
to be issued to Purchaser a title insurance policy by which a
marketable title to the above described property free and clear
of liens and encumbrances is insured by the Seller.
8. Hazard insurance covering the improvements on said pro-
perty shall be carried by the Seller from and after the date of
the execution of this agreement and until closing.
9. Title to said property shall be conveyed by Weld County,
free and clear of liens and encumbrances but subject to reservations,
exceptions, covenants, conditions and restrictions evidenced by
instruments of record, rights-of-way and easements created by
instruments of record or established on the premises .
IN WITNESS WHEREOF, the parties hereto have hereunto subscribed
their names the day and year first above written.
BOARD OF COUNTY COMMISSIONERS
‘71.1ATTEST: th�� ^ � WELD COUNTY, COLORADO
Weld County Clerk and Recorder SEL ER•
lerk to the B rd
BY: 02714- nie `
By: Norman Carlson, Chairman
puty Count Clerk
AP ED AS TO FORM:
County Attorney
PURCHA ER:
By:
44-4;
arry . Serli
Serlis
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