HomeMy WebLinkAbout21-83 RESOLUTIONRESOLUTION NO
oven
23
A RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE A MODIFICATION OF THE CITY'S REAL ESTATE
PURCHASE AGREEMENT WITH WALTER V. GRIMES TO INCREASE
THE AMOUNT OF LAND TO BE ACQUIRED BY THE CITY AND TO
INCREASE THE PURCHASE PRICE.
4 -
BE IT RESOLVED'BY THE BOARD OF DIRECTORS.OF THE CITY OF
FAYETTEVILLE; ARKANSAS:
That the Mayor and City -Clerk are hereby authorized and
directed to execute a modification of the'City's real estate
purchase contract with Walter V. Grimes to increase the amount
of land to be acquired by the City and to increase the purchase
price. A copy of the modification authorized for execution
hereby is*sattached hereto, marked Exhibit "A", and made a
part hereof:
PASSED AND APPROVED this /S day of AilalVj /, 1983.
APPROVED: /
t
•
ti. N 'h
If
By'
City Cler
By
aLwer ?iPile0(11.044.0
Mayor
41
MODIFICATION OF REAL ESTATE SALES CONTRACT
This agreement made this5 day
of IA2/Z11;C4 , 1983,
by and between the City of Fayetteville, Arkansas, hereinafter
called the Buyer, and Walter V. Grimes, hereinafter called the
Seller.
•
WHEREAS, the parties hereto have entered into a real
estate sales contract dated
v
asP,5 —
e
of which is attached hereto, marked Exhibit "A", and made a
, 198., a copy
parthereof; and
WHEREAS, the parties desire to enter into a new agreement
modifying the provisions of said contract.
NOW, THEREFORE, the parties mutually agree as follows:
1. Paragraph 1 of said contract is modified by modifying
the legal description contained in said paragraph to read as
set out in Exhibit "B" attached hereto and made e part hereof
and by deleting the last paragraph in said paragraph 1.
2. Paragraph 2(a) in said contract is modified to read
as follows:
(a) The Buyer shall pay to the Seller the sum of
$45,000.00.
3. Paragraphs 2(b), (c), and (d) of said contract are
hereby deleted.
4. Paragraph 5 of said contract is hereby modified
by modifying the last sentence in said paragraph to read as
•
follows:
Closing shall take place on or before February 8,
1983.
5. All provisions of the' contract are incorporated
herein and are hereby modified to conform herewith, but in
all other respects are to be and shall continue in force.
IN WITNESS WHEREOF, the parties have executed this
Modification of Real Estate Sales Contract on the day and
year first above written.
ATTEST:
By ; �?� 7C c+t/ C t fl , _;-c; C i
City Clerk %
CITY OF FAYETTEV E, ARKANSAS
1
By:
Mayor
1
z-