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

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MR SPECIAL MEETING MAY 30, 1973 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 removed or relocated by the .Sellers at no expense to the Buyer, except that Buyer shall pay one-third (1/3) of Sellers' expense, but not to 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. e� O 8. The rights and obligations created by this Agreement shall be binding U� upon and shall run for the benefit of the heirs, executors, administrators and of the parties hereto. U s/ Armand Murat ARMAND MURAT, JR. s/ Dorothy Murat DOROTHY MURAT SELLERS CIVIL CITY OF SOUTH BEND by its BOARD OF PUBLIC WORKS s/ Wi lam J. Ri ds n s/ J me�" At z s/ James V. Barcome BUYER ATTEST: Patricia DeClercq, Clerk Upon motion made, seconded and carried, the Agreement was approved and signed. AGREEMENT This Agreement entered into this 5th dayof May, 1973 by and between Amoco Oil Company, formerly the American Oil Company, hereinafter referred to as Seller, and the Civil City of South Bend, a municipal corporation of the State of Indiana, hereinafter referred to as Buyer, WITNESSETH: WHEREAS, the Seller is a Lessee under a lease dated July 1, 1964 wherein Clarence W. Dockery and Martha L. Dockery are Lessors of certain real estate of which the hereinafter described parcel is a part, and the acquisition of which parcel is required by the Civil City of South Bend for certain improvements to be made to the West side of Hickory Road in South Bend, Indiana; and WHEREAS, the parties hereto have agreed to the terms of the sale of the hereinafter described real estate and have agreed that the Buyer should have an immediate right of entry upon said real estate at the time of the execution of this Agreement.