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PURCHASE CONTRACT TO BtIY AND SELL REAL ESTATE'
<br />{Diillan Road Prajcct - Keavr~n Rigli<t-af-Way)
<br />TI~IIS CONTRACT is made and entered into this _ day of . 20t?8, by and
<br />between the City of Louisville, a Colorado 11c~me rule municipal corporation, 1ereinafter• referred to as
<br />'`City" or "Purchaser" and Davicl I~ca~vn,llereinafter referred to as "Iteor~~n" c7r "Seller"
<br />NOW, THEREFORE, for and in consideration of the promises, payment, covenatlts, anti
<br />urrclertakings hereinafter set forth., and other good and valuallle consideration, which is hereby
<br />aclrnowledged end receipted for, the Purchaser and. Seller agree as follows:
<br />I'I20PERT~' AND PURCHASE I"I3ICE
<br />1. Purchaser hereby agrees to purchase, and Seller agrees tc1 sell, on the terms and
<br />conditions set forth in this Contract., the following described real property and interests in real estate,
<br />hereinafter coliectsvely referred to as the "Property", located in the County cif Boulder, Colorado, and
<br />situated in the N.E1/~ c1f Section 21, TI S, R69V6', 6th P.M.,, to wit: f1 tract of land containing X3,{)00
<br />square feet, more ~r less, and more particularly described atld dcpirted in Exhibit A-I and B-l, attached
<br />hereto and incorporated herein by this. reference, together with all of Seller's right, title, and interest in
<br />and tc~ adjacent streets, alleys, casements; and rights-of=vva}', rights of ingress and egress,
<br />development rights, subsurface rights, mineral rights, water grid set~~er rights relating to the real
<br />property and other estates, rights, interests, privileges and appuretlances note awned or hereafter
<br />acquired by Seller, and tangible personal property and all improvements, if any, located on the real
<br />property.
<br />2. Within five (~} clays of 5eller's execution of•tllis Contract, Boller shall provide copies of
<br />arty e174;ir1eel'ing and/o1' survey tvnt'k for the Property in possession of Seller. Purchaser- r11ay at its sole
<br />expense contract far an LTA engineering survey of the Property, strfftc.ierlt to satisfy the requirements
<br />of the title company to delete the standard pre-printed exceptions from the Purchaser's title policy, as
<br />set forth in Paragraphs 5 and h, below. The survey shall be certified to the f'urcllaser, Seller and the
<br />title company. "1"he survey shall include the legal description f«r the .Properly, and shall include a
<br />certificate of the acreage of the Property, as described and detea•rrlined by the surveyor. As bctt~•een
<br />Seller anal Purchaser, PUrCllilsk'I' S11a11 be respOflSlhle for all Cn~3neertng a11d SIII•Veylllg L'OSIs i1lClderlt tC?
<br />the sale of the Property.
<br />3. The total purch~lse price of the Property shall be Bighty Two "I'}lausantl Dollars
<br />{~82,Ut}0.00) which shall be payable by 1'urc}laser in full at closing in cash, certified firrlds, wire transfer
<br />or City check {if' acceptable as "good fi:ulds" rulcler Colorado lavv).
<br />NO ASSIGNMENT
<br />4. Se:Ilcr shall not assign Seller's rights and obligations hereunder without Purchaser's
<br />prioe written consent. Purchasel• shall not assign its rights and obligations hereunder without Seller's
<br />prior written consent.
<br />TI'M'LE, EASE#VICNTS, ANI) CLOSING
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