HomeMy WebLinkAboutResolution No. 3557 (Approving I&M SM Agr) AEP RatificationRedevelopment Commission Agenda Item
DATE: 9/2/22
FROM: Joseph Molnar
SUBJECT: Sale of former Firehouse #9
Which TIF? (circle one) River West; River East; South Side; Douglas Road; West Washington
PURPOSE OF REQUEST: Approving terms of I&M Purchase Agreement Settlement Agreement
Specifics: The Commission on July 9, 2020 entered into a Real Estate Purchase Agreement with
Indiana Michigan Power Company for the purchase of Lots 2 & 3 of the Sample and Lafayette
Minor Subdivision with the intention of I&M to perform certain lot improvements. I&M has
notified Redevelopment staff that the lot improvements would not be completed.
To avoid litigation, Redevelopment staff and I&M negotiated a Settlement Agreement by which
the Commission would re-take the Property quickly and efficiently. This Resolution ratifies and
approves the re-acquisition of the Property at the original purchase price of Fifty Thousand
Dollars ($50,000.00) and authorizes members of the Department of Law to negotiate the
remaining terms of the Settlement Agreement.
Redevelopment Staff requests approval of the Resolution.
INTERNAL USE ONLY: Project Code: _______________________________________________;
Total Amount new/change (inc/dec) in budget: _______________; Break down:
Costs: Engineering Amt: ______________________; Other Prof Serv Amt_________________;
Acquisition of Land/Bldg (circle one) Amt: ___________; Street Const Amt ________________;
Building Imp Amt_________; Sewers Amt_________; Other (specify) Amt: ________________
___________________________________________. Going to BPW for Contracting? Y/N
Is this item ready to encumber now? ____ Existing PO#__________ Inc/Dec $_____________
_________________________Pres/V-Pres
ATTEST: __________________Secretary
Date: ____________________
APPROVED Not Approved
SOUTH BEND REDEVELOPMENT COMMISSION
X
9.8.22
RESOLUTION NO. 3557
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
APPROVING TERMS OF SETTLEMENT AND AUTHORIZING EXECUTION OF
AGREEMENT
WHEREAS, the South Bend Redevelopment Commission (the “Commission”), governing
body of the South Bend Department of Redevelopment (“Redevelopment”), exists and operates
pursuant to I.C. 36-7-14; and
WHEREAS, the Commission entered into a Real Estate Purchase Agreement
(“Agreement”), dated July 9, 2020, with Indiana Michigan Power Company (“I&M”) for the
purchase of certain property (“Property”), a copy of which is attached as Exhibit A; and
WHEREAS, as a part of the Agreement, I&M was to perform certain lot improvements on
the Property; and
WHEREAS, on or about March 8, 2022, I&M notified Redevelopment staff that the lot
improvements would not be completed; and
WHEREAS, to avoid litigation, Redevelopment staff and I&M negotiated a Settlement
Agreement by which the Commission would re-take the Property quickly and efficiently.
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT
COMMISSION AS FOLLOWS:
1.The Commission hereby ratifies and approves the re-acquisition of the Property at
the original purchase price of Fifty Thousand Dollars ($50,000.00).
2.The Commission authorizes members of the Department of Law to negotiate the
remaining terms of the settlement agreement on its behalf.
3.The Corporation Counsel of the City of South Bend, Indiana is hereby authorized
and instructed to execute the final settlement agreement.
4.This Resolution will be in full force and effect upon its adoption by the
Commission.
Signature Page Follows
ADOPTED at a meeting of the South Bend Redevelopment Commission held on
September 8, 2022.
SOUTH BEND REDEVELOPMENT
COMMISSION
______________________________
Marcia Jones, President
ATTEST:
______________________________
Troy Warner, Secretary
EXHIBIT A
Real Estate Purchase Agreement
AEP CONFIDENTIAL
REAL ESTATE PURCHASE AGREEMENT
This Real Estate Purchase Agreement (this “Agreement”) is made on _____________,
2020 (the “Contract Date”), by and between the City of South Bend, Indiana, Department of
Redevelopment, acting by and through its governing body, the South Bend Redevelopment
Commission (“Seller”) and Indiana Michigan Power Company, an Indiana corporation, whose
principal place of business is 1 Riverside Plaza, Columbus, Ohio 43215 (“Buyer”) (each a “Party”
and together the “Parties”).
RECITALS
A.Seller exists and operates pursuant to the Redevelopment of Cities and Towns Act
of 1953, as amended, being Ind. Code 36-7-14 (the “Act”).
B.In furtherance of its purposes under the Act, Seller owns certain real property
located in South Bend, Indiana (the “City”), identified by the State Tax Id. Nos.
____________________________, and more particularly described in attached Exhibit A (the
“Property”).
C.Pursuant to the Act, Seller adopted its Resolution No. 3329 on February 22, 2016,
whereby Seller established an offering price for a group of properties including the Property.
D.Additionally, pursuant to the Act and upon an approved motion the Seller
authorized the publication, on March 4, 2016 and March 11, 2016, respectively, of a notice of
intent to sell the Property and its desire to receive bids for said Property on or before 9:00 a.m. on
March 24, 2016.
E.Seller received no bids for the Property on March 24, 2016, and, therefore, having
satisfied the conditions stated in Section 22 of the Act, Seller now desires to sell the Property to
Buyer on the terms stated in this Agreement.
THEREFORE, in consideration of the mutual covenants and promises in this Agreement
and other good and valuable consideration, the receipt of which is hereby acknowledged, Buyer
and Seller agree as follows:
1.OFFER AND ACCEPTANCE
A copy of this Agreement, signed by Buyer, constitutes Buyer’s offer to purchase the Property on
the terms stated in this Agreement and shall be delivered to Seller, in care of the following
representative (“Seller’s Representative”):
Daniel Buckenmeyer, Director of Economic Resources and Business Development
City of South Bend, Department of Community Investment
1400 S. County-City Building
227 W. Jefferson Blvd.
South Bend, Indiana 46601
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This offer shall expire thirty (30) days after delivery unless accepted by Seller. To accept Buyer’s
offer, Seller shall return a copy of this Agreement, counter-signed by Seller in accordance with
applicable laws, to the following (“Buyer’s Representative”):
Robert Maiorana, Real Estate Agent
Indiana Michigan Power Company
1 Riverside Plaza
Columbus, Ohio 43215
2. PURCHASE PRICE
The purchase price for the Property shall be Fifty Thousand Dollars ($50,000.00) (the “Purchase
Price”), payable by Buyer to Seller in cash at the closing described in Section 8 below (the
“Closing,” the date of which is the “Closing Date”).
3. BUYER’S DUE DILIGENCE
Buyer and Seller have entered into a Right of Entry Agreement allowing Buyer to perform
investigations into various matters related to the Buyer's proposed use of the Property (Buyer’s
“Due Diligence”). Buyer acknowledges that Buyer has completed its Due Diligence and is
satisfied that the Property is suitable for its proposed use.
4. PRESERVATION OF TITLE
After the Contract Date, Seller shall not take any action or allow any action to be taken by others
to cause the Property to become subject to any interests, liens, restrictions, easements, covenants,
reservations, or other matters affecting Seller’s title (such matters are referred to as
“Encumbrances”). Seller acknowledges that Buyer intends to obtain, at Buyer’s sole expense, and
to rely upon a commitment for title insurance on the Property (the “Title Commitment”) and a
survey of the Property (the “Survey”) identifying all Encumbrances as of the Contract Date. The
Property shall be conveyed to Buyer free of any Encumbrances other than Permitted
Encumbrances (as defined in Section 6 below).
5. TITLE COMMITMENT AND POLICY REQUIREMENTS
Buyer shall obtain the Title Commitment for an owner’s policy of title insurance issued by a title
company selected by Buyer and reasonably acceptable to Seller (the “Title Company”) within
twenty (20) days after the Contract Date. The Title Commitment shall (i) agree to insure good,
marketable, and indefeasible fee simple title to the Property (including public road access) in the
name of the Buyer for the full amount of the Purchase Price upon delivery and recordation of a
special warranty deed (the “Deed”) from the Seller to the Buyer, and (ii) provide for issuance of a
final ALTA owner’s title insurance policy, with any endorsements requested by Buyer, subject to
the Permitted Encumbrances. Regardless of whether this transaction closes, Buyer shall be
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responsible for all of the Title Company’s title search charges and all costs of the Title
Commitment and owner’s policy.
6. REVIEW OF TITLE COMMITMENT AND SURVEY
Within twenty (20) days after Buyer’s receipt of the Title Commitment, Buyer shall give Seller
written notice of any objections to the Title Commitment. Within twenty (20) days after Buyer’s
receipt of the Survey, Buyer shall give Seller written notice of any objections to the Survey. Any
exceptions identified in the Title Commitment or Survey to which written notice of objection is
not given within such period shall be a “Permitted Encumbrance.”
7. NOTICES
All notices required or allowed by this Agreement, before or after Closing, shall be delivered in
person or by certified mail, return receipt requested, postage prepaid, addressed to Seller in care
of Seller’s Representative (with a copy to South Bend Legal Department, 1200 S. County-City
Building, 227 W. Jefferson Blvd., South Bend, IN 46601, Attn: Corporation Counsel), or to Buyer
in care of Buyer’s Representative at their respective addresses stated in Section 1 above. Either
Party may, by written notice, modify its address or representative for future notices.
8. CLOSING
A. Timing of Closing. Unless this Agreement is earlier terminated, the Closing shall
be held at the office of the Title Company, and the Closing Date shall be a mutually agreeable
date.
B. Closing Procedure.
(i) At Closing, Buyer shall deliver the Purchase Price to Seller, conditioned on
Seller’s delivery of the Deed, in substantially the same form attached hereto as Exhibit B,
conveying the Property to Buyer, free and clear of all liens, encumbrances, title defects, and
exceptions other than Permitted Encumbrances, and the Title Company’s delivery of the marked-
up copy of the Title Commitment (or pro forma policy) to Buyer in accordance with Section 5
above.
(ii) Possession of the Property shall be delivered to the Buyer at Closing, in
substantially the same condition as it existed on the Contract Date, ordinary wear and tear and
casualty excepted.
C. Conditions Precedent to Closing. Unless waived by the Parties before or at Closing,
Seller shall have no obligation to complete the transaction contemplated in this Agreement unless,
before the Closing Date, Seller has received and the City’s Planning Department has approved, in
its sole discretion, Buyer’s design, plans, and specifications for lot improvements and landscaping
on the Property consistent with City standards (Buyer’s "Lot Improvements").
Notwithstanding any provision of this Agreement to the contrary, in the event this transaction is
not completed due to the failure of one or more of the foregoing conditions, Seller shall have no
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liability for any of Buyer’s losses, damages, costs, or expenses of any kind, including attorney
fees, incurred in connection with its proposed acquisition of the Property under this Agreement.
D. Closing Costs. Buyer shall pay all of the Title Company’s closing and/or document
preparation fees and all recordation costs associated with the transaction contemplated in this
Agreement.
9. BUYER’S POST-CLOSING OBLIGATIONS
A. Property Improvements; Compliance. Buyer shall not materially deviate from the
Lot Improvements approved pursuant to Section 8.C. hereof, as determined solely by the City
Planner or his designee. Further, Buyer shall comply with all applicable laws pertaining to the
development of the site, including, but not limited to, the City's requirements for site plan, building
design, and zoning approvals. Promptly upon completing the Lot Improvements to the City's
satisfaction, Buyer will permit Seller (or its designee) to inspect the Property to ensure that Buyer’s
Lot Improvements were completed satisfactorily and the plans approved in accordance with
Section 8.C.
B. Certificate of Completion. Promptly after Buyer completes the Lot Improvements
and satisfactorily proves the same in accordance with the terms of Section 9.A. above, Seller will
issue to Buyer a certificate acknowledging such completion and releasing Seller’s reversionary
interest in the Property (the “Certificate of Completion”). The Parties agree to record the
Certificate of Completion immediately upon issuance, and Buyer will pay the costs of recordation.
C. Remedies Upon Default. In the event Buyer fails to complete the Lot
Improvements in accordance with Section 9.A above, then, in addition to pursuing any other
remedies available at law or in equity, Seller shall have the right to:
(i) re-enter and take possession of the Property and to terminate and re-vest in
Seller the estate conveyed to Buyer at Closing and all of Buyer’s rights and
interests in the Property without offset or compensation for the value of any
improvements made by Buyer; or, alternatively,
(ii) recover from Buyer a cash payment in an amount equal to the Appraised
Value of the Property, due to Seller immediately upon demand by Buyer.
The Parties agree that Seller’s conveyance of the Property to Buyer at Closing will be made on the
condition subsequent set forth in the foregoing sentence. Further, the Parties agree that Seller’s
reversionary interest in the Property will be subordinate to the first-priority mortgage encumbering
the Property, if any, arising out of Buyer’s contemporaneous financing of the redevelopment of
the Property, provided that Buyer notifies Seller in advance of the execution or recording of such
first-priority mortgage.
10. ACCEPTANCE OF PROPERTY AS-IS
Buyer agrees to purchase the Property “as-is, where-is” and without any representations or
warranties by Seller as to the condition of the Property or its fitness for any particular use or
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purpose. Seller offers no such representation or warranty as to condition or fitness, and nothing in
this Agreement will be construed to constitute such a representation or warranty as to condition or
fitness.
11. TAXES
Buyer, and Buyer’s successors and assigns, shall be liable for any and all real property taxes
assessed and levied against the Property with respect to the year in which the Closing takes place
and for all subsequent years. Seller shall have no liability for any real property taxes associated
with the Property, and nothing in this Agreement shall be construed to require the proration or
other apportionment of real property taxes resulting in Seller’s liability therefor.
12. REMEDIES
Upon any default in or breach of this Agreement by either Party, the defaulting Party will proceed
immediately to cure or remedy such default within thirty (30) days after receipt of written notice
of such default or breach from the non-defaulting Party, or, if the nature of the default or breach is
such that it cannot be cured within thirty (30) days, the defaulting Party will diligent pursue and
prosecute to completion an appropriate cure within a reasonable time. In the event of a default or
breach that remains uncured for longer than the period stated in the foregoing sentence, the non-
defaulting Party may terminate this Agreement, commence legal proceedings, including an action
for specific performance, or pursue any other remedy available at law or in equity. All the Parties’
respective rights and remedies concerning this Agreement and the Property are cumulative.
13. COMMISSIONS
The Parties mutually acknowledge and warrant to one another that neither Buyer nor Seller is
represented by any broker in connection with the transaction contemplated in this Agreement.
Buyer and Seller agree to indemnify and hold harmless one another from any claim for
commissions in connection with the transaction contemplated in this Agreement.
14. INTERPRETATION; APPLICABLE LAW
Both Parties having participated fully and equally in the negotiation and preparation of this
Agreement, this Agreement shall not be more strictly construed, nor shall any ambiguities in this
Agreement be presumptively resolved, against either Party. This Agreement shall be interpreted
and enforced according to the laws of the State of Indiana.
15. DISPUTE RESOLUTION; WAIVER OF JURY TRIAL
Any action to enforce the terms or conditions of this Agreement or otherwise concerning a dispute
under this Agreement will be commenced in the courts of St. Joseph County, Indiana, unless the
Parties mutually agree to an alternative method of dispute resolution. The Parties acknowledge
that disputes arising under this Agreement are likely to be complex and they desire to streamline
and minimize the cost of resolving such disputes. In any legal proceeding, each Party irrevocably
waives the right to trial by jury in any action, counterclaim, dispute, or proceeding based upon, or
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related to, the subject matter of this Agreement. This waiver applies to all claims against all parties
to such actions and proceedings. This waiver is knowingly, intentionally, and voluntarily made
by both Parties.
16. WAIVER
Neither the failure nor any delay on the part of a Party to exercise any right, remedy, power, or
privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial
exercise of any right, remedy, power, or privilege preclude any other or further exercise of the
same or of any right, remedy, power, or privilege with respect to any occurrence be construed as
a waiver of any such right, remedy, power, or privilege with respect to any other occurrence. No
waiver shall be effective unless it is in writing and is signed by the party asserted to have granted
such waiver.
17. SEVERABILITY
If any term or provision of this Agreement is held by a court of competent jurisdiction to be invalid,
void, or unenforceable, the remaining terms and provisions of this Agreement shall continue in
full force and effect unless amended or modified by mutual consent of the Parties.
18. FURTHER ASSURANCES
The Parties agree that they will each undertake in good faith, as permitted by law, any action and
execute and deliver any document reasonably required to carry out the intents and purposes of this
Agreement.
19. ENTIRE AGREEMENT
This Agreement embodies the entire agreement between Seller and Buyer and supersedes all prior
discussions, understandings, or agreements, whether written or oral, between Seller and Buyer
concerning the transaction contemplated in this Agreement.
20. ASSIGNMENT
Buyer and Seller agree that this Agreement or any of Buyer’s rights hereunder may not be assigned
by Buyer, in whole or in part, without the prior written consent of Seller. In the event Buyer wishes
to obtain Seller’s consent regarding a proposed assignment of this Agreement, Buyer shall provide
any and all information reasonably demanded by Seller in connection with the proposed
assignment and/or the proposed assignee.
21. BINDING EFFECT; COUNTERPARTS; SIGNATURES
All the terms and conditions of this Agreement will be effective and binding upon the Parties and
their successors and assigns at the time the Agreement is fully signed and delivered by Buyer and
Seller. This Agreement may be separately executed in counterparts by Buyer and Seller, and the
same, when taken together, will be regarded as one original Agreement. Electronically transmitted
signatures will be regarded as original signatures.
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22. AUTHORITY TO EXECUTE; EXISTENCE
The undersigned persons executing and delivering this Agreement on behalf of the respective
Parties represent and certify that they are the duly authorized representatives of each and have been
fully empowered to execute and deliver this Agreement and that all necessary corporate action has
been taken and done. Further, the undersigned representative of Buyer represents and warrants
that Buyer is duly organized, validly existing, and in good standing under the laws of the State of
Indiana.
23. TIME
Time is of the essence of this Agreement.
[Signature page follows.]
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IN WITNESS WHEREOF, the Parties hereby execute this Real Estate Purchase
Agreement to be effective as of the Contract Date stated above.
BUYER:
Indiana Michigan Power Company
By:
P. Todd Ireland
Manager, Real Estate Asset Management
American Electric Power Service Corporation
Authorized Signer
SELLER:
South Bend Redevelopment Commission
__________________________
Marcia I. Jones, President
ATTEST:
__________________________
Quentin M. Phillips, Secretary
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EXHIBIT A
Description of Property
Lots 2 and 3 of the Sample and Lafayette Minor Subdivision recorded on _________________,
2020 as document number ________________________ in the St. Joseph County, Indiana
Recorder's Office.
Parcel Key No.
State Tax Id.
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Page 1 of 2
EXHIBIT B
Form of Special Warranty Deed
AUDITOR’S RECORD
TRANSFER NO.__________
TAXING UNIT___________
DATE __________________
KEY NO.
SPECIAL WARRANTY DEED
THIS INDENTURE WITNESSETH, that the City of South Bend, Department of Redevelopment, by and
through its governing body, the South Bend Redevelopment Commission, 1400 S. County-City Building,
227 W. Jefferson Boulevard, South Bend, Indiana (the “Grantor”)
CONVEYS AND SPECIALLY WARRANTS to Indiana Michigan Power Company, an Indiana
corporation with its registered office at 1 Riverside Plaza, Columbus, Ohio 43215 (the “Grantee”),
for and in consideration of One Dollar ($1.00) and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the following real estate located in St. Joseph County,
Indiana (the “Property”):
Lots 2 and 3 of the Sample and Lafayette Minor Subdivision recorded on
_________________, 2020 as document number ________________________ in
the St. Joseph County, Indiana Recorder's Office.
Parcel Key No.
The Grantor warrants title to the Property only insofar as it might be affected by any act of the
Grantor during its ownership thereof and not otherwise.
The Grantor hereby conveys the Property to the Grantee free and clear of all leases or licenses;
subject to real property taxes and assessments; subject to all easements, covenants, conditions, restrictions,
and other matters of record; subject to rights of way for roads and such matters as would be disclosed by
an accurate survey and inspection of the Property; subject to all applicable building codes and zoning
ordinances; and subject to all provisions and objectives contained in the Commission’s development area
plan, and any design review guidelines associated therewith.
The Grantor conveys the Property to the Grantee subject to the limitation that the Grantee, and its
successors and assigns, shall not discriminate against any person on the basis of race, creed, color, sex, age,
or national origin in the sale, lease, rental, use, occupancy, or enjoyment of the Property or any
improvements constructed on the Property.
Pursuant to Section 9 of the Purchase Agreement, the Grantor conveys the Property to the Grantee
by this deed subject to certain conditions subsequent. In the event the Grantee fails to perform the Lot
Improvements, or satisfactorily to prove such performance, in accordance with Section 9 of the Purchase
Agreement, then the Grantor shall have the right to re-enter and take possession of the Property and to
terminate and re-vest in the Grantor the estate conveyed to the Grantee by this deed and all of the Grantee’s
rights and interests in the Property without offset or compensation for the value of any improvements to the
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Page 2 of 2
Property made by the Grantee. The recordation of a Certificate of Completion in accordance with Section
9 of the Purchase Agreement will forever release and discharge the Grantor’s reversionary interest stated
in this paragraph.
Each of the undersigned persons1 executing this deed on behalf of the Grantor represents and
certifies that s/he is a duly authorized representative of the Grantor and has been fully empowered, by
proper action of the governing body of the Grantor, to execute and deliver this deed, that the Grantor has
full corporate capacity to convey the real estate described herein, and that all necessary action for the
making of such conveyance has been taken and done.
GRANTOR:
SOUTH BEND REDEVELOPMENT COMMISSION
______________________________
Marcia I. Jones, President
ATTEST:
______________________________
Quentin Phillips, Secretary
STATE OF INDIANA )
) SS:
ST. JOSEPH COUNTY )
Before me, the undersigned, a Notary Public, in and for said County and State, personally appeared
Marcia I. Jones and Quentin Phillips, known to me to be the President and Secretary, respectively, of the
South Bend Redevelopment Commission and acknowledged the execution of the foregoing Special
Warranty Deed.
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my official seal on
the _____ day of ______________, 2020.
____________________________________
Mary C. Brazinsky, Notary Public
Residing in St. Joseph County, Indiana
Commission Expires: December 12, 2024
I affirm, under the penalties for perjury, that I have taken reasonable care to redact each Social Security number in this document, unless required
by law. Sandra L. Kennedy.
This instrument was prepared by Sandra L. Kennedy, Assistant City Attorney, City of South Bend Department of Law, 1200S County-City
Building, 227 W Jefferson Blvd., South Bend, Indiana 46601.
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Certificate Of Completion
Envelope Id: 96361D422E5C4E1E80571C947BBF0E24 Status: Completed
Subject: Please DocuSign: Real Estate Purchase Agreement AEP DRAFT 051820.pdf
Source Envelope:
Document Pages: 11 Signatures: 1 Envelope Originator:
Certificate Pages: 2 Initials: 0 Amy S Clipperton
AutoNav: Enabled
EnvelopeId Stamping: Enabled
Time Zone: (UTC-05:00) Eastern Time (US & Canada)
1 Riverside Plz FL 1
Columbus, OH 43215-2373
asclipperton@aep.com
IP Address: 161.235.221.81
Record Tracking
Status: Original
6/19/2020 11:38:33 AM
Holder: Amy S Clipperton
asclipperton@aep.com
Location: DocuSign
Signer Events Signature Timestamp
Todd Ireland
ptireland@aep.com
Manager Real Estate Asset Management
Appalachian Power Company
Security Level: Email, Account Authentication
(None)
Signature Adoption: Uploaded Signature Image
Using IP Address: 174.233.0.192
Sent: 6/19/2020 11:39:40 AM
Viewed: 6/19/2020 11:48:35 AM
Signed: 6/19/2020 11:49:25 AM
Electronic Record and Signature Disclosure:
Accepted: 9/9/2015 1:39:12 PM
ID: b88d9a61-54c6-4049-8659-9d8a34e93235
In Person Signer Events Signature Timestamp
Editor Delivery Events Status Timestamp
Agent Delivery Events Status Timestamp
Intermediary Delivery Events Status Timestamp
Certified Delivery Events Status Timestamp
Carbon Copy Events Status Timestamp
Witness Events Signature Timestamp
Notary Events Signature Timestamp
Envelope Summary Events Status Timestamps
Envelope Sent Hashed/Encrypted 6/19/2020 11:39:40 AM
Certified Delivered Security Checked 6/19/2020 11:48:35 AM
Signing Complete Security Checked 6/19/2020 11:49:25 AM
Completed Security Checked 6/19/2020 11:49:25 AM
Payment Events Status Timestamps
Electronic Record and Signature Disclosure
ELECTRONIC RECORD AND SIGNATURE DISCLOSURE
Each party agrees that the electronic signatures, whether digital or encrypted, of the parties
included in this Agreement are intended to authenticate this writing and to have the same force
and effect as manual signatures. Electronic signature means any electronic sound, symbol or
process attached to or logically associated with a record and executed and adopted by a party
with the intent to sign such record.
Please confirm your agreement by clicking the 'I agree' button at the bottom of this document.
Electronic Record and Signature Disclosure created on: 5/30/2014 9:32:06 AM
Parties agreed to: Todd Ireland