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HomeMy WebLinkAbout850637.tiff RESOLUTION RE: APPROVE AGREEMENT FOR SALE AND PURCHASE OF VACANT LAND BETWEEN WELD COUNTY, COLORADO, AND MRS. LEO WARDMAN AND AUTHORIZE CHAIRMAN TO SIGN 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, Weld County desires to purchase property for a grader shed site, and WHEREAS, the Board has been presented with an Agreement for the sale and purchase of land between Weld County, Colorado, and Mrs. Leo Wardman, and WHEREAS, said parcel contains two acres in the Northeast corner of the Northeast quarter of Section 29 , Township 11 North, Range 66 West of the 6th P.M. , Weld County, Colorado, and WHEREAS, the Board deems it in the best interests of Weld County to purchase said parcel of land for a grader shed site, and WHEREAS, the terms are as stated in the Agreement, a copy of which is attached hereto and incorporated herein by reference. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the Agreement for the sale and purchase of vacant land between Weld County, Colorado, and Mrs. Leo Wardman be, and hereby is, approved. BE IT FURTHER RESOLVED by the Board that the Chairman be, and hereby is, authorized to sign said Agreement. ,C/gin,-'s 650637 C/ /Y-/'7 Page 2 RE: AGREEMENT - MRS. LEO WARDMAN The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 29th day of July, A.D. , 1985 . BOARD OF ATTEST: (�rvvk4-4 WELD COUNTY,iN TY COMMISSIONERS COLORADO ' " � Weld County Clerk and Recorder EXCUSED and Clerk to the Board Ja q eline Johnson, Chairman ene R. 'Brfrpro-Tern puty County C r APPROVED TO FORM: C.W. K ' r] Y5;9-e‘1:2 1 G . Lacy County Attorney Fran Yamagu 1 AR2019273 AGREEMENT FOR SALE AND PURCHASE OF VACANT LAND THIS AGREEMENT, made at Greeley, Colorado, this day of June, 1985 , between WELD COUNTY, COLORADO, by and through the Board of County Commissioners of the County of Weld, hereinafter "Purchaser, " and MRS. LEO WARDMAN, 62001 Highway 85-CR 126, Rockport, Colorado, hereinafter "Seller. " 0 o WITNESSETH: o � `J 1O That in consideration of the payment by the Purchaser to Seller of the sum of $2 ,400 .00 (Two Thousand Four Hundred n Dollars) , in cash, and other good and valuable consideration, ▪ o Seller agrees to sell to the Purchaser and the Purchaser agrees to 0" purchase from Seller the Parcel shown in Exhibit "A," and 2I-1 described as: two acres in the Northeast corner of that portion mt.) of the Northeast quarter of Section 29 , Township 11 North, Range a w 66 west of the 6th Principle Meridian, Weld County, Colorado, t+J being more particularly described as follows: beginning at a rn• o point on the West R.O.W. line of U.S. Highway 85 , where said line 'AZ intersects the North line of the East half of Section 29 , said H• ° point being the TRUE POINT OF BEGINNING; thence West along said North line of the East half of Section 29 to the Northwest corner r coof the Northeast quarter of said Section; thence South 330 feet; • thence East to the West R.O.W. line of U.S. Highway 85; thence 7�C r Northwesterly along said West R.O.W. line of U.S. Highway 85 to a, t the TRUE POINT OF BEGINNING, hereinafter referred to as the a "Parcel" according to the terms and conditions set forth herein. w t=1 n The agreement of sale and purchase of Parcel is subject to o the following conditions: 4.11 • 0 1 . Seller shall furnish to Purchaser a warranty deed • o conveying only the surface rights of the Parcel. Title insurance t, 0 need not be provided by Seller. n 2 . Title shall be merchantable in Seller, except as stated • in this paragraph and in paragraph 5 . Subject to payment or n o tender as above provided and compliance by Purchaser with the O a other terms and provisions hereof, Seller shall execute and deliver a good and sufficient special warranty deed to Purchaser on , or, by mutual agreement, at an earlier date, conveying the property free and clear of all taxes, except general taxes for 1985 , payable January 1 , 1986 , and free and clear of all liens for special improvements installed as of the date of Purchaser' s signature hereon, whether assessed or not; free and clear of all liens and encumbrances, and except the recorded and/or apparent easements, and subject to building and zoning regulations and reserving all mineral rights to the Seller. Page 1 of 4 Pages 3. General taxes for the year 1985 shall be apportioned to date of delivery of deed based on the most recent levy and the most recent assessment. 4 . The date of closing shall be the date of delivery of deed as provided in paragraph 2 . The hour and place of closing shall be designated by Seller. 5 . Except as stated in paragraph 2 and this paragraph, if "3 title is not merchantable and written notice of defect (s) is given 0 o by Purchaser or Purchaser' s agent to Seller or Seller' s agent on c3 -.4 or before date of closing, Seller shall use reasonable effort to ^"° correct said defect(s) prior to date of closing. If Seller is unable to correct said defect (s) on or before date of closing, at To• n Seller' s option and upon written notice to Purchaser or • o Purchaser' s agent on or before date of closing, the date of Vo closing shall be extended thirty (30) days for the purpose of correcting said defect(s) . Except as stated in paragraph 2 , if title is not rendered merchantable as provided in this paragraph C▪ -3 5 , at Purchaser' s option, this contract shall be void and of no c� effect and each party hereto shall be released from all Ct)• o obligations hereunder and all payments and things of value y W received hereunder shall be returned to Purchaser provided, Ho however, that in lieu of correcting such defect (s) , Seller may, z ''' within said thirty (30) days, obtain a commitment for owner' s n• co title insurance policy in the amount of the purchase price • reflecting title insurance protection in regard to such defect (s) , • and the Purchaser shall have the option of accepting the then • a existing insured title in lieu of such merchantable title. The � .a Seller shall pay the full premium for such owner' s title insurance a policy. n 6 . The Seller agrees to release the Purchaser from all {„ consequential damages , except as otherwise set forth herein in 70o paragraph 8 and except damages caused by the negligent or willful xo misconduct of the Purchaser or its employees, present or o prospective, to the remainder of Seller' s property arising out of d the operation and maintenance, ore repair of the grader shed o located on the Parcel. O N 7. Time is of the essence hereof. If any note or check o a received as earnest money hereunder or any other payment due hereunder is not paid, honored or tendered when due, or if any other obligation hereunder is not performed as herein provided, there shall be the following remedies: (a) IF SELLER IS IN DEFAULT, (1) Purchaser may elect to treat this contract as terminated, in which case all payments and things of value received hereunder shall be returned to Purchaser and Purchaser may recover such damager as may be proper, or (2) Purchaser may elect to treat this contract as being in full force and effect and Purchaser shall have the Page 2 of 4 Pages right to an action for specific performance or damages, or both. (b) IF PURCHASER IS IN DEFAULT, (1) Seller may elect to treat this contract as terminated, in which case all payments and things of value received hereunder shall be forfeited and retained on behalf of Seller and Seller may recover such damages as may be proper, or (2) Seller may elect to treat ▪ m this contract as being in full force and effect and Seller o shall have the right to an action for specific performance or • o damages, or both. O J La 1/40 (c) Anything to the contrary herein notwithstanding, in the n event of any litigation arising out of this contract, the FC court may award to the prevailing party all reasonable costs y N and expenses, including attorneys ' fees. 8 . Seller shall apply to Weld County, at Purchaser' s ▪ NJ expense, for authorization pursuant to Weld County Subdivion ate Regulations, to create the three lots as shown on Exhibit A. • Expenses shall include costs of application fees, survey and y W recording costs. This contract shall be contingent on final H o approval and recordations of appropriate plats by Weld County. z � • CO 9 . Possession of the property shall be delivered to r U1 Purchaser upon closing and shall not be subject to any leases or tenancies. Seller shall assume all costs of compensating any a tenants or leaseholders for any damages as a result of the taking of any remainder. 10. The Seller represents and warrants as the day hereof and 0 as of the date of the closing that neither the execution of this • contract nor the consummation of the transaction provided for 7y o herein constitutes, or will result in, any breach of any of the terms, conditions, or provisions, or constitute a default under, Ho any indenture, charter, bylaw, mortgage, loan agreement, lien, • lease, license, judgment, decree, order, instrument or other n verbal or written agreement to which Seller is a party of is o w subject or to which the property is subject, except as provided o herein. A o o 11 . Seller shall have first right of refusal to repurchase Parcel when and if Purchaser decides to sell Parcel. Purchaser shall notify Seller of Purchaser' s decision to sell Parcel immediately after such decision is made. Purchaser will then take bids on said Parcel. Once the bidding is complete, Seller shall then have the right to repurchase Parcel by matching the highest bid received by Purchaser. 12. Purchaser shall consult with Seller as to the placement of the grader shed upon parcel at the engineering stage of its development. Seller shall have the right to state where she Page 3 of 4 Pages . desires the grader shed to be located on Parcel and Purchaser will comply with said desire, insofar as Seller' s desire meets the following conditions: (a) Seller' s desired placement must be in compliance with all setback and other requirements concerning placement of structures on lots contained in the Weld County Zoning Ordinance. (b) Seller' s desired placement must not be such as would 'ooy unduly restrict access to said grader shed. or o (c) Seller' s desired placement must be practical for 'p `° Purchaser' s intended use of said parcel. P4 z n If this proposal is accepted by Seller in writing and 'e Purchaser receives notice of such acceptance on or before July 31 , 0 rroo 1985 , this instrument shall become a contract between Seller and z ' Purchaser and shall inure to the benefit of the successors and 1O PV N assigns of such parties. � �"' IN WITNESS HEREOF, the parties hereto have subscribed their W o names this 29th day of July, 1985 . H o tai o ATTEST: , n `7 BOARD OF COUNTY COMMISSIONERS z ", t' •• (�vwt 1 ��" " WELD TY, COLORADO 03 n Weld C & Recorder h�j /� pUl and C et ' +;oard BY: I 4 y z21 I--• ` ' ••"' ` ,'+y" Pro fern Chairman for Purchaser ' BY ° ' .c," � / o a �► ? "Clerk n (The f pection to be completed by Seller. ) p Seller accepts the above proposal this /,� day of t, , W 0 1985 . //// o BY: ✓� C j 00/ Gf 1e�� o n e& O a SUBSCRIBED AND SWORN to before me this f4 day of July, o 1985 • n o a WITNESS my hand and official seal. 40 . N• ac Notary Public fission expires: OF C o1....'.o . ' My Commission Expires April 18, 1988 Page 4 of 4 Pages THOMAS A. RICHARDSON ATTORNEY AT LAW THEA BUILDING 909 ELEVENTH AVENUE GREELEY. COLORADO 80631 (3 o E C E I V E (3O3) 382.5294 JUL 2 2 1985 July 18 , 1985 ELD COUNTY ATTORNEY'S OFFICE Mr. Bruce T. Barker Assistant County Attorney P. 0. Box 1948 Greeley, Colorado 80632 Re : Agreement for Sale Vacant Land - Mrs. Leo Wardman Dear Mr. Barker: Enclosed please find the signed agreement by Mrs. Leo Wardman. My assumption is that you will send us a copy after the County Commissioners have signed this agreement. I also assume that after the contract is approved you will prepare the deed for signing. Please deliver the original deed to me , and I will obtain Mrs. Wardman' s signature. Mrs. Wardman will appreciate re- ceiving the check upon delivery of the deed to the County Commissioners. Thank you very much for your kidness and efficiency in working with my client and myself. It has been appreciated. Yours truly, Thomas A. Richardson TAR:hl Hello