05/30/73 Board of Public Works Special Meeting Minutes

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SPECIAL MEETING MAY 30, 1973 shall contain a covenant to insure such title in the Buyer upon appropriate conveyance. The Buyer shall, after receiving such binder, examine it and certify to the Sellers any defect in title. The Sellers shall have reasonable time to correct such defect and deliver to the Buyers any corrective material. Such defects in title shall be corrected at the expense of the Sellers. 5. It is agreed by and between the parties that state and/or federal funds are involved in the purchase of this real estate and that some delay may be occasioned after the execution of this Agreement in securing said funds for the closing of this sale. The Buyer represents that such funds should be available within forty-five (45) days of the execution of this Agreement and closing shall take place as soon as such funds are available. At closing the Sellers agree to deliver to the Buyer a Warranty Deed conveying said real estate in accordance with this Agreement. Complete and exclusive possession of the premises shall be delivered to the Buyer by the Sellers at the time of closing. 6. It is further agreed by and between the parties that any signs or other structures owned by the Sellers or their Tenants in possession shall be ".4 removed or relocated by the Sellers at no expense to the Buyer, except 0 that Buyer shall pay one-third 0/3) of Sellers' expense, but not to Q exceed the sum of $2,000.00, in the removing or relocating of said signs. Such removal and relocation shall be completed by the time of the closing of this sale. 7. It is further agreed by and between the parties that upon the execution of this Agreement, the Buyer shall have an immediate right of entry upon said real estate for the purpose of survey, grading, leveling, filling, draining, paving, building, repairing, and rebuilding streets and highways together with any culverts, ramps and cuts as may be necessary, providing that no signs or sign structures owned or maintained by the Sellers or their Tenants in possession, shall be disturbed by the Buyer, its agents or servants until removal thereof by the Buyer or their Tenants pursuant to this Agreement. 8. The rights and obligations created by this Agreement shall be binding upon and shall run for the benefit of the assigns, heirs, executors, administrators and of the parties hereto. (Deceased) Clarence W. Dockery sl-Martha Dockery Walters SELLERS CIVIL CITY OF SOUTH BEND by its BOARD OF PUBLIC WORKS s/ William J. Richardson s/ Jam -es V. Barcom s/ ames R. Jeitz ATTEST: s/ Patricia DeClercq, Clerk Upon motion made, seconded and carried, the Agreement was approved and signed.