HomeMy WebLinkAbout2003 Ordinance No. 038•
•
•
ORDINANCE NO . .!:$
SERJES OF 2003 --
BY AUTHORITY
l..e,4.6,e~
CONTRACT NO. J;.. J 003
33 _,a 0 03
Pu¼-t•<... 'f IO -.J.uo3
J:l,,.,d (l'o~ a 7 -.2=3
COUNC IL BILL NO . 32
INTRODUCED BY COU:--IC IL
MEMBER WOLOSYN
AN ORD INANCE FOR PURCHASE OF REAL PROPERTY AT 3629 S. FOX STREET fN
THE CITY OF ENGLEWOOD FOR POLICE PURPOSES .
WHEREAS , Ci ty Counci l prev io usl y approved Ordinance No . 7, Series of 2002.
authorizing the lease of2.2 12 square feet of offic e space at 3629 S. Fox Street , Englewoo d,
Colorado , by Safet y Services : and
WHEREAS , the owners we re in terested in se llin g the entire bui lding and Ci ty staff be gan
discussion s wi th them ; and
WHEREAS , an offer of $650,75 0 was presented and accep ted by the owner subject to
City Council appro val of the purchase; and
WHEREAS , the property was appraised at $685,000 ; and
WHEREAS, the own ers desi re to remain as tenant s by leasi ng back th e two-thirds of the
building the y presently occup y for the next sixty days, then one-third of the building for the
remaind er of th e year at fair mark et va lue (S9.50 a squa re foot); and
WHEREAS, purchase of the 3629 S. Fox Street property will all ow the City to vacate
existing lease pa yments fo r thi s property and for the property at 2901 /2909 S. Broadway. which is
now bei ng used as spac e for the Impact Te am and th e Traffi c Divi sion: and
WHEREAS , th e Forfeiture Board has appro ve d the funds fo r the purchase of this
building and any requ ired upgrade s.
NOW. THEREFORE , BE IT RESO LVED BY THE CITY CQUNC IL OF THE CITY
OF ENGLEWOOD. COLORADO , TI-I A T:
Section I. City Counc il of the Cit y of Engl ewood. Co lorado , hereby approve s the
purchase of the real property at 3629 S. Fox Street, Eng lewood. Co lorado. for the purchase price
of S650 , 750 .
Section 2. City Counci l approv es of leasi ng two-thi rds of the building to the se ll er (Bret
Terry Masonry. for sixty day s and leasing one -third of the buil u,ng to seller. Bret Terry Masonry ,
on a one •y ear lea se .
Section 3. Ci ty Co uncil approves vacating the ex isting lease payment s at 3629 S. Fox
Street after the purch ase and vacating existing lea se payments for the property at 2901 /2909 S.
Broadway .
Int rod uced. read in fu ll. and pass ed on fir st readi ng on the 5•h da y of Ma y, 2003 ,
10 bv
Published as a Bill for an Ordinance on the 9'" day of May, 2003 .
Reod by title and passed on final reading on the 19'" day of May, 2003 .
Published by title as Ordinance No . Jf , Series of 2003 . on the 23,. day of May , 2003 .
•
•
•
•
I ].::.i'±t:1l~~~.t•h .. 1 ... m.nn1Mi«lf.&itH..,uiiiiiiiiiiiaJJH1-•1m ,limi.ppr••nt L,1MC.&.n.d.knlf.tta:7
1111\ I!""' H \\ .. ,,,,.,.,,I ,,. U I'"" Vi J'(U ...... llll UUfOSIM!lllt'l"WLI I 11..0 • .-,111,u uau1111 • nM,~11
t'IJNTU,\f:TTU IIU\' ANU Sl::1.1. ll E,\I. E~ffi\TI-'.
(COMMl::KCIAI.)
Ualc , Ap111 2 1.
:?OOJ
I • .u;IU:E~IENT. Uuycr ai;rcc, h• hU )' anJ 1hc 1mdcr'9i;11tJ Seller ai;1co 10 M:11 1hc
l'H 'll<-11) JclincJ bc:k,w INI lhc ltllll\ a111.I c 111IUll1l1"\ M:I f1Mlh in Lh is rnnll:k:I.
2. IJlfflNlm TEllfllS.
u, lh1 }tr. Uu rcr. Cltf nr E111:lc11oot.l, 11 llonK' Huie Mu11kl11al Corpunatlun. 11·,ll 1al c
111k h1 lhc 11:al lll 11pc11y ..k,,1:nhcd hclu"'· a, 0 Julut TtmrnlJ O Tcm:11111 111 Cum111u11 (81
Olhcr_.
h, l'u11.rrly, The l'111pc1I )' I\ the lull11wm1 ktallr dc>,:111.,cJ ,cal c,.1;11c,
I.ob I.\ thru 16. mdu~l\'C
11111,;I: 15. 1:n~k11ll1lll SuWI\WIIU
in 1hc C11unl ) 1,r i\1:11,ahuc. CukN;KJn, rnmmonly Lnuwn u 36:?9 So. l'-IA St1ccl , Ent;lc\m110J ,
C11l,,w~Jo liOl 10,
lllf('thc r l\"llh lhc lnlt'IC~IS, c:l),C lllt'llb. 111hu. bcncfib. \11111111,·cmc:nll and an:1chcJ n,,1u,c~
ap11t111cn;1111 1hc1c111 , all mtcrol uf Sclk-1 m ,-:i,.·atcJ Mr«t) and o1llcy, aJpccm 1hcrclu, c .u-c pt a~
lte1c111c,du1h:J
ltrm
No .
10
11
12
I)
" "
17
"
21
t', Ualrs mnl llradllllC'I.
llrftrrnrc 1-:nnl
l .\:s l.u;in Anoh1:atN•n OuJlmc .,. l.oan Crnmnitmcnt OnJlinc
IX Du :cf1 C'm.111 lnf••rnation Deadline
15'.• D1~ni•1wal 11f Uu,~ft C'1C1J11 OcaJlinc
l ~J 1:,i.Mmr 1.u:m 0.11:umcm) DcaJ!illC'
:'i,I Oh 'n :uun 111 fomun l.11:111 Deadline
I ~! An1,im11I urln;i.n Tran\kr lkaJlini:
§(,;a 1\Nlfab.a ll)caJlmc
1, T11lcl>c:11Jlinc ,, S1111~Ylk~l11'1C'
lb Ooi:umtnt R~ un4 Oc~hllC'
B, TIiie Ohir..·1ion Oudhnc .,, Qff.l(c.,,-.•J Ma1tn1 OcaJlinc
Bh Qff.l(c.,,•u1J ll laucn ....... ·,M111 OcaJhnc
110 Sdkf'1 l'11irir11 · 1>11,.:l,,'!oUfc l>ca.J hnc
I lib h,~ n ·1iun Oh~llun DuJlmc
t IUh kc~•luliun l>u,lhnc
1 11 Clw.ln11Ja1c
II<, l'u~~nion Uatc
116 l'u~ulon Tune
J:!M Attt'PIRIK'fllcadllnirl>etc
118 A.CCt'PIIM? l>ndllnc Tlmir
1>111rurUradll11c
NIA
NIA
NIA
NIA
NIA
NIA
NIA
Co111,lc1cJ
Mavl.200)
Ma · I.S.200.l
Ma • l.200.l
Mavl,100)
Mav l.:?OOJ
Ma ·B.100.l
A Nil 111.200)
NIA
NIA
Mav22.200.l
Mav22.20Ul
Atdmin
Awil2B,200}
N,u.11
ti. ,\1B1rh11M'III"-'I hc 1,.11,,w111t c,l11h11\. :aU;idmttnl~ :111tl ..JJ,:11J.1 a lt' a ll;III ul tin ,
,·,,nua,:I; N"oc
t', ,\1111ll r11 hllll y of1'unt1, A dic,:L 01 t.rn11l a1 m;11L in ;a l111., mcanJ, lhat J,u,.:h \lfm•i)ton 1\
:a1111l ic:a blc . The ahbtc ,·1a11on "NIA .. mean, nut al'fllinbk .
. \. IN CI.USIONS ANIJ F.XCI.USIOSS.
n. The l1u11ha'-t' 1'111:c 11,i,lu,k, tlic l11ll111.1 1ns 11cm, tlnd11~tl 111,1
111 1-·111111n. It' .m.11.IIC'J 111 1hc 1'11 ,1 I)' on 1hc J;itc 11f tl11J. .:111111...:t, l1 1l111ni;, hc:at111i;,
pl11111h111t , \("111\la lms. :anJ :au C1NMJ11111mni; li\lUIC!rt, 11\)IJC 1ckrh1"1C w111ni; :anJ l'\11111«10!~
1,1,, ... L.~J .ll'L~. pl.11111 , 111111,u, n,-11 1'11H'11nt'• 111IC1l'\1rn J.)')lt'm~. ,.,1o1111Lk1 ,y,,1cm~ ;11,J .:1 11111111~:
:111J:all ,111.icl11:J h.,1111c , .
N •• ,·"sJ,9,fl. n1~11t.\1 ·n 111111\' ,\;',II SI.I .I. ltl. \I. l$Un: 11·mmt:IU1,\l,I ,
•
•
•
ill Olhc-r l11d11 silm,. I( 1111 the l'll'IKll f wltc lhc , auuchc:J U1 IM•I 1111 the J a,c ul 1h1\
c11n1,a,·1 ~h11 m 11111J11w,. )Imm doon, 11 uiJuw u iJ prnd1 ,haJc~. a11n111~. hln kl\, M1ccn,,
11 11iJ11w u11·c,111t!'· n 111J111 111Js. J rapc:,y 1u1h , 11uui;c i lia.Ii, and all l c)'J Cht",:L 1•1111h,·;1 '11c ho.\(oJ
1f1111:lu,.k,l O S11 111kr/l:lrr llrlrt'lun, (&I Srrnrlt y Syih•nt~. :11111 •
►l l'lt'" ►)►\CUI
All 11 ,11lc ll\1 1110 11 lmh me 111111cahl c ►h ,1II be c.,duJcJ rmm 1hc ►a le
h, lu.,lnuurnl.\ ur Trnn,frr. ·1 he ludu.111111, ;uc 111 l,c 11m1•cycJ ;11 l'l11 ~111i; lr cc :111J dcat
111 :1ll 1,1,c ,, li eu, ,Uld c11,•11111hr.1111.c,. c,1q•l ll ) 111111 1dcd m f I:?. f'l,111·c)'J III.C ,h:1 11 he h)' ln ll o l
►,lk ot 1•Lhc1 ~1'1•h1,1l>lcki;,1I m1 tn1111en l\►I
r. E.1dmlu111. '1 he f111l1111111t! a1t,1d1e1I lhtu1c:~ 111 r c1du1.kJ f11u n tin ~ ►l t h: Nrntc
-1 . l'UllCII.\SI•: l'IU CE ANU T lo'.ltl\lS. ·1 ht' l'urd1:a~t' l't1 l·e 1ct r1111h bc:luw ~hall be pa)\1lJlc
m 11 S. l>oll:11~ h)' IJU)'t'I :I\ r11ll11 11·,:
llt'mN11, llrCrrrncr ltrm Amo1111I Ammml
l'md,ncl'u,:c
Hh
,\\\um>11111llalan1:e
'" C:a.'i h :1 1(111,-111•
TOTAi. (150,7 50 S
u. ·~IUIIC'II l\lunry The l::uncM Mone )' K l fo11h Ill 1h11 Scc linn. Ill the: 111111111r dtc:d, b
pml 11,1yn1e nt 11( th e l'urd1:1~ 1'11\c a11J ~h:all be pJ)'ablc lo :u,J helJ by Sec mny T 11Jc Gua rant y
Cump:mr. 111 1h 1111~1 :al.'l'11tw1 . 110 hdi;ilr or bot h Se ller anJ llu,·cr . The rart,es au1 h11ru.c
Jd11cir 1•1 the E :1 11ic11 M11ncy J e,,.•~•t '" 1hc: C l11M111 Cump,m)', ,r :rnr, at 11, l,c:rrne Cl11~•n i.:
h. Nr11 I.uni!, ll11 lrnllu11n ll.1· Urlrtcdj
t·. ,h ~11111pllu11 , llntrnt11111 ull _1· llrlrlrill
,I. Srllrr ur l'rhulr t·1111mtlu1: llntrntlun:allJ' UrlrlrJI
r . Cu1 h nl Clu~ln,:. All :unuu111s p:a,J t,y Ht1}'tl 11 Cl11~rn 11 induJing \nh :a t C'1u~111~. 11lu,
llu yc,·s du~mi,: i.:111 1~. ~h;1 II he rn h .. ·..,b ·1lu,:h l'11m11l y w,1h :i ll a1111h1·Jl.J lc C11 h11 ;1J11
l,111 .'i. 11 l11d1 1111,:luJc l'a!>h , c:ltl'l r111m: u :an)!t r fonJ s, cc11 11icJ died,, u1·m11 , ~nJ lu.111
1dk1 ', l ll<'\'l ,111J l :1,h1r r', 1.hcd; ICit •IJ !'111J ))
~-FIN,\NCIN(; l.:UN llll'ICJ N~ .'.:'ll} Olll.lGA TIONS !h1k111 h1n~IIJ· lltlrlrdl
ti. ,\l'l 'ltA IS,\ I. l'lto\'l!'i ll>NS . lf11l r11 1iu11.!lly IJclt trtl)
7. E\'ll >ENCI•: Ot'TITI.E.
n. E,Mrnrr ur Tltlr: Sur\r,·. On 111 bclt•r c Tillr 1Jr11Jll11r I~ ~I.'), Sc:llc , M1al l cau,c h• he
l1um1hc1I Ito lluyc , ... , s c1 1c,·~ c 11ic n•c. ,, l'Ullenl C\llt11 11!1l11Cl1 1 1111 \J\\'IICI .) 1111c IU)utan1.e 1•11 11,:y
Ill :m :1m11u111 C'tjll ,11 111 the l'ml'l•~~c 1'11,:c Ill ,r lhl) ho, I) dtcd ,eJ. □ An i\h)lr:ICI 11r llllc
l'ClhlicJ '" :, n u1cn1 J,1 1c II ;1111k 110111:1111:c ,·un11m1mcn11 ) fu1111 ~hcJ. 11 @Shull O Shall Nu l
n ,1111111 1 i,, 1.kk1c ,>t 11Mnc 1uc1 1l1c ,,~oJ ;uJ r,cq,111111~ \\l11d1 rcl~tc It•
\I ) p.UI IC'\111 1111\'(','1\III ,
(21 1mr,:,111JcJ1·."c111c nh.
(.I) ~UIIC}' mJIICI~.
t~J ~:,p 1ic111 "1 tcllc,1,~c ll .,t c ,,1 f11 111mur11cr11 i,, J ,11e JccJ I) rc,,uJe1IJ . ~ml
1'11 u11p.11J 1.11r~. ~"r~~nicm, anJ umcJccn1tJ t;" )ak) pnm 1111hc )C.U uf l h"mi;
,\m• :1JJ1 1uouJI 111rm1um e.1i1icn •e 111 11Ul;11n tin\ ;1JJ1111111,;11 co1c1 .i i;e )hall lie IM1 1I h )' l8J
Uuyrr [) Stllcr. fin a11111 unt 11111 tu c:.,.:ccJ S~l111 the l'U)I 111 any i111111111·cn1e111 lu1:atu 111
,:c 1111i.::11c ,11 MIII C)' ~lrnll lic 11~,J h)' 18) llu yrr O Stlkr. II the rn)I c.,rcc1I, 1hi) ~1111111 111 , ~
~h:,111 1;1~ the i.'h'C" 1111111 l1t l111 e C l11,111~ The 1m111111·cmrn1 li -.·atn•n \etllhl',1lc 111 Mn\·ey ,h.,11 ht
IC'll'IICtl l•y ll 11~l'1w1111 l,r hu c Sunr, llr:11lli11r 1t :l') Scl lc1 ,Ir .ill l'~u,e 1he 11th: 111,111Jr11.·r
l"•l1q ·11, Ill' ,kh•crrJ h• IIU )CI ~, ""'n •" 1•1.1\l l\,1bk ;11111 alk, C'l 1h,ni.:
II. l'u11h•~ ur l•:,cr111i1111 ~. Un ,,r 1'l'lurc Tillr llr11111inr lf 21·1. Sc:ll e,. (11 Sell er\ c~1ic n\C ,
,h.1111 111111,h 111 l hl)l'I , ti I ~ '''I')' ,,I ,m~ 11l,11•.J n lJ 1,1L111n\,\U\l'U,ll!I ,, ,,,111hln1 m aud IC\111\lltUI'
~" t 'll~l•l •'t'l.l 'll:'-111\1 '1 111111 1\ 1~1 1~11 .1. ltr\1. I ~l .\l l'tl'll!-l \lt'ltl'l.\1 .1
'
10.tx.ll
(1'10.7 511
•
•
hmJcmul! 1111: l11upc1I). ,mJ 12111 ,, 1111c 111,m~111.·c ,u1m111tmcn1 o 1Cl1u11 cJ 111 he tmm ,hcJ . 1111,J ,f
1111~ 1,.,, "1 hn l cJ ~ L'u11irs ur 1111) Ulhrr Oocumcnli,: (111 , 1( 1ll1·111hlc. ,umm.11,c, .,( .,ud1
,1,,.11111r111,J l1 ~1c,I 1111hc Mhr,lulc ,,1 r,,·r1un~1~ 1E ,ccpt 10 11~). Even 11 lhc h,,, •~ rn ,1 d1c.lc1I.
!frllc1 ,h.,11 11.nc th: ,.l,hl!,1111•11 hi hnnoh rlloc J11, .. ·u1111:rn, lllllMl,1111 ltl 1h1, ,;,1 .. nru,u ll
n·,1uc,11·,1 "' lln)l'I JII)' 11111( 1111 "' l,cf,,,c Ilic l h1r u111 r 111 ll 1•1 1ut'\I ll1·111llh 11• 4 i :!,·, I hi'
1c111111c1 ICIII ,h.1ll l"'rl ,11111111h l,o ,l,,.m11e11" J\ )h1111r, ,1t 1cc111 J 1111hr 1111 1,c 111 lhc ,k1I. ,m,I
1n,111 lc11,1 Ilic ,,h,11 .,,1 t!l 1111c 101111,111,,· ,,,n111 111mc111 . 1,1i:c 1hc1 .. ,,11 ,Ill\' ,·,11uc, '" ~Ulll111,IIIC)
,,1 111,h ,l,,.1111 1Cnt , 1m111,hr,I 1•m ,n,m1 1,, 1h,, Sc,.111,11. ,,11.-1,11111: 1hc tll lc J,,.111m:n1, tl11lc
1)111,mlle lhl
N.T ll'U :.
II . 1'1111,• 111.-,!r,1 . IIU )l'I ,ti .ill h,I\C 1hc ll ~ht h t 111,1,c,11lir I Ille IJ,.11.UII ICIII\ W11uc11 mtl1,c
I•) lhl)l'I "' 1111111crd,.u,1,,h1hl )' ul lltk "' .. r .my .. ,1,r , un,.11 1\hll'l•II )' 1111c n 1m.l11111n ~11111111 I•) Ilic
1'11lc IJ, ... 11111,,•111• ,h,111 he ~•~ncJ h) ,,r ,,11 \,c h.1II 11f ll u)eJ ;iml ~11en h1 Sd kr 1111111 bcl,,1c I ilk
Ohjnlluu llrmlllm• H 2,1, 111 ,1 11hm h •e l~t 1,aleuJ ,11 ,l.1 )'\ .,ll f f rl'H'II'' hy lluyc , "I :111~ I nlc
l>11,11111en't'I 111 c11,,l,,1 ,rnicntt,l ,11l,l1t1 j: l1C\\ I ueph,mh l 111 Ili c II k llll1 Ulll1111l'nl 1Ul'Cllll'I 111th ,I
•"I') 11 1 II ,. I Ille IJ,'loumcnl ,1J,!111i: nc 11 l:,,e1>1 u•nt1) hi t1II C II :;d!f1 11,,c~ 11111 1c,e11c llt1 )Cf 0
\
·~•h,c h,1 1h1: ,l.11 c1,1 'l'l'• 1hcJ ,1h111c. ll 11Jer .IH fj'I~ ,he ,11ml111"11 .. 1 utle ·" J1,d""'ll h)' lhc ·1,,1c
1i.,.11 m,•111 ,.,,,.n .. 1 ... 11u r
h. f\h1lh'n 11111 Shu1111 h ,1 !ht• 1'11 1,1 1\' ll r runl~. Selle, ~11.1 11 Jeh n-:r Ill lhl)'el ..... "' lic h11 c
llll,lh-,11 1·J 1\lnllrn Ormlllnr I ~ ~•I 1111e u1111e, 111 ;ill lc,hl' ~I .111,I ,1111 e)l~J 111 !,dkt ',
1~,_,n,11111111:n.1111m i; tu th e l1111pe,1y a11J ~h.ill ,,h,l111,c tu llu~C'I ,Ill eaM:ltlC'nh . hen~ Ill olhe1 lltk
111.,1 er~ 11 .. ,, ,h,,11 11 t,y the 1u1lol11: n•1,111J, ,,t 1<l11d1 Selle• h~1 ll\'IU,11 L1M111kJ11c , llu)cr ~h:111 li ,11c
1111! lli!1U ltl 111,pcd •he l'111pe11 r hi Jetf llllltll' 1( :Ill) 11111 ,I 11,111~1 ,c,1 h, .. :rn ~• ni;ht m 1hc l'111pc 11y
""' )11111,n hJ 1hr l'uht1 ,: 1e11111h !)Udl ll.l llll Ulllf\'I IIJell ca~c men,. UIII Cl'tUJcJ lc :.oe. "' l>11unJJI )'
line J1,1,1 e1•,111C~·1 \\'1111cn nn tllC' 111 an) un~h~fJ ,'l11ry ,·111M.1 11 1u11(~! J1 ia:l11M",I b)' Scll,•1 "'
1c1r;1k1 I hy 111d1 111~1>c1 1n1n ~h;1U he )1p1ed hr ,11 11n heh;it( 111 lh•)er :inJ 1111·en 11, Se lic, 1111 ,,,
liclrn,: Off,llr,•u,J ~lullrn O hjtrtlun l kadlinr I § kJ. If Sei ki ,loe~ OHi 1e,:l'1•·e ll uye r'.,
rn1 11,:e h)' 1:ml J ,IIC . llu)el ;1n ·qu., h lk \UhJed '" ~u,:11 11i;hu. ,r :111r, 11( llmJ 11;irt10 u l 1,l11d1
IJ11 )'e1 h ... ;1.i 11;1IL rM111 lcJi:c,
l'. S prrlul Tu,l111e Ul.11rh'lj, S l'El'l ,\I. TAX I NG IIISTlllC l'S M ,\l' Ill·: SU IIJ H .:I'
TO (a•:NlmAt. 0111 .H ;ATION INlllmn:UNE.SS TIIAT IS l'AIU II\' UE\'ENUE.'i
l'llOIIUn:u Flt01\I ANNUAi. TAX I.E \'IES ON TIii': T AX AIII .E l'll01'1£1lT\' \\'ITIIIN
Sl Jt:11 UISTIU t:TS. l'llOl'l•:un· O\\'NEkS IN SUt:11 UI STl!I CTS MA\' II E l'l.,\t:EU
AT lllS K 1:01< IN C IU :ASEU MIi.i. I.E \'l l-'.S ANO E XC ESSI VE TAX UUHl>ENS TO
SUl'l'Olff TIIE S l•:ln'ICING Of,' SUl'II IJ EUT \\'IIEllE Cll<CUMl,TANCE.'i AlllSE
HESIJI.TI N(; IN TIIE I NA IIII .IT\' OF S U(II A tm,~ru,t:T T O IH SCIIAIU;E SUt:11
I NIH•:UT l:'.II Nl·'.SS \\'ITIIOUT SUCII AN I Nl'llEASE IN M il.I. I.E \'IES , nunm
S IIOI II .. U IN \'EST IG ,\TE ,·,m IIEll'r t'INANC ING llEQUIH EMl~NTS ()I,' T II E
AUTIIOltlZE U GENEkA I. 0 111 .H :,\TION INUl•:nn:l>NESS OF SUCII UI STlllt.:TS.
EXISTING /'1 111 .1. l .l~\'11·:S (J F SlJC II UI STHI CT Sl::ll \'IC ING S Ul'II I NUl·:u n :1,NESS,
ANU T II E l'OTENTl,\I. J,'(11( AN INC llEASE IN SUt:11 MltL I.EV JES.
In 1he e•r111 lhe 1'111pc-11r I\ 1 .. ,:.ucJ 1•11l11n J )!'1.',:1al 1.1\HI~ J1 \IIKI arMl llu)el Je,11 0 '"
rcumn,u,· 1h1, ,11 1111,1,·1 ,11 a 1oult. 1f 111mc11 111,11,·c •~ 1e,·c11e1I b)· Seller rn, 111 l,c(.,,c CI IT,ltecu rd
Mtilltn Ohjrr l lnn Utudllnc-H :, 1. th" \t1nt1:i1t ~h,1111hc11 tc-1111111,uc lf Selk, Juo 111111c,:e11c
lluyci'~ 111111,c b)' wd1 J .11c . Jl u~r , ;11·,·e pb 1he d ied 11( 1he 1'1111e11y'1 1111:lu~t"" m ~u,:h )Jic,•1.11
l,11 mi:1h1l11d!)l ,111J 1<,mc1 1hc 11i:hl lt1 ~t1 1,:1111m1lc
11. llii:ht lo Cu rt. II Seiki 1r,eur1 no111,c 11f unme1,h3nt.il11h1 y of hllc 111 ,Ill)' o,th,•1
m1 ,;11 ,~l.u.1111~· mk ,11nJ1t11111!)l 111 ,,,1111mtmen1 1e1m.1 :I) 1n,1•·1Jc-111 § ti J rn b al,,.1 1·e. Se lle, )h,111
u,c 1ea,..111,1\tlc elf1111 hi ,1,un·1 ~a1 J 11em) anJ bear anr 111111un~I e ,1,cn!rtC h1 nu red 1he ~;une 1111111
,,, 1'111.,mi; If .\11d1 1111~.11,.,fo.:lt••r t11l c Ct1tlli1tnulh) arc 11111 \'1111e\'leJ \Ill Ill lx(111c C l11~111i;. lhl\
,·111111:i.1 )h,111 then tcunm.ue . puw1J cJ. l11mr1er. ll11 )e1 111;1)', h)' wr1 11c n rw,11\c rc1·c 11r1I l•y
Se lk,.11111,r t,cr1,1eCh1)mi:. 11;111r1,hJe,111,n11,,u,,h 11c111i
I', Tllk ,\,h l,u ry lhc T11k l >,,.umcnt ) Jf/c,:t 1lie 111k . t11<ncol11p :111J 11,c11f 1he l'111pc1t y
.mJ ,lu1u h.l lie 1e11c11 eJ ,a1cfolly 1\JJ1111111JII)', 1,1he1 r11 ,1 ncu 11<1\ relk,1cJ 111 the T11 lc
lh11.·11111c11h m,,)' .,llc,:1 1hc 111le, 111111l'1)l1111 ;i11U u\C ul 1hc 1'111pe r1 r. mduJ1111,! wuhuut 111 1111,1111111
1, .. u,11\,11}' hnl'\ ;1ml Clll.ll>.11h111,·1111, areJ. llllllllj:. Ul!/e\'111 J cJ e(IM:IUe na a11J .-l.1 mu 111 l',I\CIIICIII~.
k ,l'C) ,111tl .,,1,~, 1m,c,11rJc,I :1petmc 11h. auJ 1·;11111111> l;i1n ~•Ill i111·onmen!J\ rei;ul,1111111 ,
,1111<er111ni: I.mu u,c . Je,cl,0J111t~111 .111tl en11 1 .. 11111cu1 ,,1 111Jlle1 ) T II E SUllt'ACE ESTATE
:i i ,\\' 111-: ()\\'NEil S l•:1'1\lt,\TEl.r •·uo~I TII E UN UEIU.\'IN(; MINE lli\l. ESTAT I•:,
,\NU T ll.\NSFEll C>F T I IE .'iU IIFA t:E EST,\'fE IJ UES NOT NECESSA llll.\' I Nl'I.UUE
Tlt.\NSH~H OFTI II·: f\ll NE ll ,\I. ll l(;f l'J'S . T lllllU l'A llTll·:S MA\' 11 0 1.U I NTlrnESTS
I N OIi .. (;AS. OTII Ell r--ll NEHA l -'i, ta•:OTII EllMAI. ENEIH ;r OIi \\'A'l'Ell UN Oil
IJN UEll T II E l'llOl'EllT\", \\'lllt.:11 I NTl~HESTS ~1,\ \' G l \'E T lmM 1rn;1rrs TO
ENTElt ANU USE T II E l'llOl'EltT\', Su1:h mattcu ma y be nduJeJ 1111111 Ilic h lk 111J>u rJ1 1<e
1~•111)' Uu )Cr •l> :11h1,r1I '" 11111cl r .-1111111 1! lq:a l lUUl1)C I 1<llli rc1 pc,:t tu ;i ll M1,h rn;it1e1 1> :1~ tli c,e
;i,e ~11 1\I 11mc 1111111, l'"'"1UeJ 111 1h11 .:1•1111:1,1 le J. T lllr l)hjc-,·tlnn IJe 111lllnc: t§ 'k l ;111J U fr,
lh'\'urtl M;i ll rr.1 Ohj,·c-tltm l>r udline I~ ~• II
¥. I.EAU•UA SEU l',\I NT. Unk1) c,emp1. 11 the 1m1,1u,·emen11 1111 the 1'11111e11 r mduJc 1111c
111 11~11,: h ''l,knh •I J "ell11 1~bl 1,., "lnd1 ~ l•u1 IJ1111 pc n ml 11a, l)\Uetl 1111111 lo Janu,uy I . 1'171S.
1t111,1111l!,l\l 1h,,II I,..· 1,11,I u11k,•,,, ... ,11111k1c,I l.c,1J llJ,cJ l',1m1 01 \1,·l111urc t S,de~J h 11 m t\)1i:11t1I
\,, :,;.-111-, ,mil the ,e,,,1111·J ,e,tl r,,.,,r hll'11•l'elll. """h mu ,, IIHIII 1111111 111 rhc 11,11 11r, \lj:Ulllj:
1111\1111111,1,1
;,.., 1111:,, . .,, 1 0••111\1 I 111111 1, ,,u 'll l,11 1 \I 1,r.,11.11 1111 \llllt'l,\I I
'
•
•
111. l'ltOl'Elt'I \" UISCI.OSUlrn AN II I NS P ECTION On III licl11u: !'irlkr'i, l'rn pr rly
IJ hduiorr l lr111l linr 11 :?tt, Selk, Jl!IC:t') "' pn wnk IJU)"C/ 1111h :I \l lllll'll J 1-.l11\\II C 111 .,J,c,i.c
111,11lc11 1qi;11,l111i: lht· l'h'\ICII)' 111m11k1cJ h)' Sc:lltl hi \he: IJti.1 111 Sclk1 'i, \Ulfol.'UI ~dn.11
l n,m kJrc ·
11. l 111111·tllun Ol1jr1·llun l h •mlli nr lluyc1 i.lu tl 11,11·c the u l!hl 1u h,11c 111•ll\'1 lnmli.l 11l 11ic
11h)i.11.1l 1,,11U11n 111 1•I lhc l'111 i.:1t) .1111.l lr11.l1i-t,1n1. ;11 ll u)'C r·~c:.111C111c It lhc 1•h1 11<.1I ,,,n,11111111
o l 1hc 1'11 •(1CII)' 111 l 11,,h1 1111111 11 1111'-Jltll.11.hlf~ m IJu~ci\ )11hJnll•C 1h)ol."ICllt1 t1 , lluyc1 l>h,111. u11 01
IIC l•'IC lui,pr1tlu11()hjrcl lu11 l lraiJllnrlf :!11
(l l 111111frScll crm 11 11l1Ut:lh.1 11lw,,,,nt1J1 III IClmma1r J .,,. ,
12111111,ulc !'lclk1 11 ,1h ,I l•IIIICII Uc1U1)lln111 111 any 1m ,.ll1 i.l,11h•I)' ph p11:1t l'11t1tl1U1m
11 lu1h ll u }CI ll0t jllllt0 \Sd lc1 t,01<111c1t!N11h,ch1C,111r11)
II \\llllr n 1M•t1H: 1) 1M1I 1c1c 11cJ hy Seller on Uf bdo1c h 1~pc\·llon 01.ijcctlon Uru tl llnr ft
:?1 I. 111( php11~11,onJ1t1011 111' 1hr 1'11111o1:11r :111J ln,luM11n, ,hjll he J cc mc:J IH Loe: Jjlf.\f.11.·111t y h•
lluyc1
h. 1t r,uh1l im1 Ucmlll11r . 11 ,1 N11111.·c h• C1111 ell I\ 1ere11·eJ hy Seller aml ,I llurc, :mJ
Se lk , h:11c 1M•I :1i:11·c 1I m 111111ni: 1,, :1 1e11lemc11t lll(1c11f un ,,r hc l,,,c llc-i.o lulh•n l lt•11tlllnr 1§ :!r J.
tln i. ,,.111,.111 ,li .111 h:1m111.11e u1 1o1: ,·aknJ,11 Jj) fll llm•rn1 IIJC' llcwlul lu n Ur11tlll nr. un k~, l,c l,11 c
'lk h ICl lllllljhtlll Selle, ,c,c,,c, ll u~e,·, 111mcn 1>UhJ1,111,1I 111 Il l( Nl)h\°C hi Couect
r . U:1111:11:r: l.lrni.; l mlrmoily llorc1 I) 1e)111m)1blc ru, l'J)'IIIC'III fo , a ll m~pccuon,.
,uncy,. c ni:11 11,'Cl llll! IC\11"'' '" lur :111r 111he1 '""" 11o1:1f,.1111cJ :n ll11yc,·~ IC\jll(')I :111J i.lMII Jl,I)' '"'
,111)' 1l,1111,1i:c 11 l11d1 on·mi. 111 lhc l'1011o1:11 y auJ lnduMun.\ :n :1 ,c,uh 111 i.u,h ;11:11 1111c) 1111)'\'1
~h.111 11,.,, l'C IIIUI d ,11111) t it hCU\ ul jl1 ~' \.mJ jj:,1111\I lhe l'll•IIC II )' r,11 lll 'IIC\'111111~. ~U ll'C)\•
l'lli:111c flll1j! ,q, .. ,i, au,I r,., all) 111hc 1 ""'" 11(1l,11 1ueJ 1111 lhc l'•"\ICII )' :II lhl )C:1°~ 1c1111c~I lhl)C '
;1j!IC:C \ '" n kkmml~, jlll!IC\'I :mJ h11ltl Selle, h~1111lu .\ r,rn n a11J llj!j lfl\l :I ll)' h~h,hl )'. Jm11;1i:c. 1·11~,
"I l"•p,:u,.: 1111,111u•J l•r Selle, 111 ,·uml(\0lt1•n 11 11h :111)' ~u,;h m,11(d11111 . d ,11111 , 111 ill"II Thi'
11Mlcmm1 r 111,,.luJ,•, Selk•·~ 11i:h1 111 ,c,mcr ~u ,u1b anJ t.\pc:n~c, 1111,·uu cJ hr Sdlc, '" e11l1Nt'c
,111~ )1111\C\htl ll . 1111l11Jmi: Scllc,·i. !C.l\\1 1\jhk :llhlfll()' k o . The 111u1·1\1un, "' lhl\ i.uhM:1.11011
i.h:1IIMlllll'Clhc1c,m1n;,1 11111,,11h1 )(11111 1,l\'I
I l.l:I.OSl r•a;. l>c hHI)' ,,r JccJti.l rw m Selk, hi UU )'Cr )hall be 31 Clu)IUI,! tClu~mj!I
Clt1~1Uj! \h,1 11 l,c .. n •he ii.lie )ptt,ficJ a, Ill( (losin,: Dair I§ 2,·1 Ill liy mulojl Zlj!ICCl11CIII a, an
c;11l11:1 J.,tc ·1111.• hum anJ l'l.1rc11 r( i,b , -; ~h:i ll be :11 IOOO AM :u 1he 11rtke~ 11f1hc l:111ilc wmJ
c,1r A11 ,,111c y
12.T llANS t'Elt OFTITI.E. Su l•Jc,11111c:m.lc1 111 Jl.lrmcnt :11 Cl11)mt; ;u 1c4u11c:J 11,:,c,n :11111
1·1•111ph;n11·c liy ll uyc, wuh lhc u1h,:1 tc:1111) and 111011)11!11) hereof. Sellct )hall c,c:rnlc 311\I Jcll\CI
a t:11,11.l :inti i.nlfi,·,c:m j!tncul 1,-~11:i n1 r J «.J 111 Uuycr. ~I CJ11 11ni:. cu111·c)'U1J lhc l'm1ic1ty h ,-i:
anJdca1 "I ,1II t;n o cwc111 lhc: i;c ue1jl lj\CJ> 1111 1hc }'C:3r 11fCl,~111i;. Eu:epl ii) p11 ll'1J c.J hc1c111.
1111c \h;•II l,c: 1·1111,·c:)cJ r,c:c: :1111.l dfjf o( alt liens. md u!.11111 an,· i:1wernmcn1 al hcni, f111 ~pcc1al
1111\1111\'('IIICllt\ 111\l:a llc.J a, 11f •he .J .11c ol lJ uyc:r·) !.1111.llUIC hcmm. 11l!(tll(r :IUC!.M:J Ill 11111 ·11tlc
~h.,111,c 1·1111,q ·cJ )UhJC\01 h•
o. th"c ~11(ulic E11·c11u11111 llc!>t.·111.,c:J b,• 1ek1cn1:c lu 1c:\'01Je.J J Ul·unJCnb a, rc nl",·1cJ m
1hr T11lc Uu,·umc:111 1 :,,·ccp1cJ by llu)·e, 111 a._·,.,11 .Jancc 1u1h § 8; l'l'1tlc Hc1•1c:11 I,
h • .J1 \ll1h u111•1111111!1~ c~wnll.'nl,.
,·. LIM>\C )pcc ,lio ll r Je!,\'llll(J llt:III\ "' ll111 U p.11hc) n .. , )hllll tl li)' lhc 11ut,II\· 1a;o1J .\ 111
11 lm h llu JC I h.11 a,111.11 l.111mlc.Ji:e at11I 111111h 11crc a,1e plcJ h)' lluyc1 111 a1..:u1tl.111,:c \11lh • llh
l~l:t111·1\ N"1Sho11 11h) 1hc l'11hl1,· lfr\01J1 l •• 111.J
ti. n11.h1 \1tm11 I th1· l'H •tlC II )' \\llhm ,Ill} 'l'Cl.'t:111,1 11ni:J1-tl lll . .11.J
r . 1hc l'l.•1icli h auJ hu11lc11~ .,r Jn r Jc, J.uatn,11 jtiJ pa ll y 11-;ill ai;1c cmcr11i., 11 .mr . a,11.1
r.1,1hcr llll1!$
I.\, I',\ \'J\ll~NT O F ENCUl\l ll llA NCl-:S Any corumbi.111\·c 1c111mcJ hi be p;u.J ~Ii.i ll he
1•.1111 at "' l1o1:l111c c1 .. 1mi; lwrn the 11111\:CCJ) 1111h1!o lf ilnUClltlll 111 lr11m a11y lithe:, .\1 1111 \'1'
1.-. l 'U)S I N(; t:USTS; IIOCUM ENTS ANI> S~ltVICE.S . llu)·t r anJ Seller )hall p,1)'. m
(i,11 11.I F11nt1 ,. thr u ICl llCC h\C rlll\111¥ ,·m 1!. 3nJ all 11thc1 hc111s 1c41mc:J lo be 11a1J a, Chi.1ni:.
C\\(l'I ~\ 11IIIC11\l)C pwv,.JcJ hc,em Ull)"C:I :,rill Seiter i.h;1II )11!11 :1111.l \11111plel e a ll \'ll.lh1111J I)' Ill
1c,1)11 n,1hl~ 1c1 11111 c1I J,.1:11111enh JI 1" bdu1c Clu!.mj! recs 1111 1r.11 n1a1c Clo,mi ~c11·1cci, i,h;1II
lie p.nJ at C"l1"ml! l•r [8] Onc-11 :i ll h' llu)rr a nti Onr•lla lf h~· Sc ll r r O lluycr O Sell er D Olhrr __________ _
., lie 1i ... a1 l!~n~lc, IJI "' NIA_'.! of lhc l'unh.11c l'ri,c )h.111 be 1'•11.J jl Cl11)111 1! hr O IIU )Ct
0 Sdkr. ,\ny ~ale, j,iJ U\C: ,j, 1h~1 rnjr a,·nuc hc:1:tu )c uf tli t) 1,an)a,·1"111 ih,1 11 be 11.11J 11hcu
J uc t•y 0 11u)rr '8)Scll c r.
I~. NUlll,\l'IONS. The l11ll<111111i: )lu ll l'C 11111u1c:J h• Cl.11 111 j! l>.11c. 01cp1 i \ 11thc1w1 M'
111111nk 1I
U. T in n . l't l)Ulljl 1''"11(11 )' lj\CI . 1f any. 3riJ 1!CIIC l3 1 1cal OIJ1C 13.IC ~ Im lhc }'Cal 11I
l'h 1"11~. ha~ctl 1•11 D Thr Tau~ for lhc: Colc n,fo r Y t:ir lmmctl la lclr l'rccrtf ln ,: Cl11~l 11,: [8J
Thr l\1 1111 llrl"r1 1t 1\1111 1.r i ) uml Mu\l ll rc-c:n l ,\~1rumcnl O OIiier _________ _
l1.llr11h. Ucu,~ h.1)C J 1111 D llrn ls Ac l u:>lly ll«ri1r.J O ,\ffrur,1. Sc1 11111 y Jcp11)1b
hr l1I h)' Sell,:, ,h,111111.· .. c,t11cJ t" lh,)CI Se lle, ,h~U a--1i:11 all kj\('\ '" IIU )C I an,J lhl )'CI .,lull
,l"UIIIC Mll.hll",\\\°\
1·.01lin l'rnr:1111111 \ \\'j1c1. ,,:11 ,•1 d1.11~c•. an.J m1c1c ,11111111nt1nu111i; hM11(1 ), ,I :mr. :111.J
N1> fll\!-• HI 11:-.tM.\l'I IO Ul l\0 A:\USt 1.1. Ml~\l.l'i l.\l f tt 0~1~11 Ml'IA I.I
'
•
•
•
IC,. POSSESS ION . 1'11)1,u••un 11f 1hc l'mpcr ly ,1~11 l,c dcl \\'cmJ 111 IJuycr uu l'ulScu luu
IJ nll' :m,J 1•u~~rnlu11 TlmC' (I kJ. )Ul•JCl·t Ill the foUOWlfll't lu~t•I \If ICll.1111.')'()): ~~
~
1r Seiki. :,fie, Clo\lllj;, la,I ~ '" Jl'111·c r jltl!i.\l,')~hltl n •1ic,·11icJ, Selle, )hall t!C ~UhJCl'I ht
c1·1,·1n111 anJ ~h,111 lit' au.!1111111:.i ll y h:11,k h• llll)'CI r,,, IIJ)'IU'"nl or S ~ IIC I .. by hlllll the
l'o!iM'!i)lun ll!llr Ii~.-, unul l"'"~>Mon 1> dch ,·c11:J
17. NOi' ASS H;N,\111.1~ Th1) ,·01111:1 .. 1 )hJIJ 001 l>c au1i:nJhlc by Uu)·c1 11 tth11u1 Se ll er '>
llf hlf \ll lllCII fHll \l,'UI J:,,.cp4 ;o ,u U'\III\U:J, !ho ,·11nl1 ar 1 )II.Ill mmc hi IIK' l!cnc li l 11f :1111.I he
hm,1111; 111111111hc he n•. IICl )ol lflJ I ,cpt CM:"IIIJII\C). )lt,,'\'UMM5 arMI :I.\Ml!II~ u l the Jlll!I K:\
UI , t:ONIIITION UF, /\NU IJAMACa~ TO l 'KOl'EHT\' ANO INCLUSIONS. 1:,u·pt a,
1oll1"1\,,1!,,C,' pmnJC\1 111 thu l'11nl1 ~•1, lhc \'11111(:lly, lndu)t11tH ur both ,II.all lie Jd1,·c1cJ in II K'
(114.J11M•n c ,1 1>11ni aJr, uf lhc: J;1tc ,,f 1lm \'11mn,1.'1 ,ucJm:11y wnr anJ 1ca r c.we11ted •
•. cuu1111,·: l11 111n11~ In lhe e,·e111 the l'1urc1t)'llf ln,:lu)Mll1' ,h;a11 be J amai;cJ by file
ur ,11hc1 i::ouall y 11111,r h 1 Clo\1n11. ,n :rn amuunt uf not mo•e 1km len pc 11:ent ,,f1lic: lot.a l l'u1 cha~
1'111.c. Sdk1 J>hJU l,c 1•hh11;1\C'11 111 1c11.111 Ill( J:l nlt bcf111e lhc Clu,1111 J 1ate II 2\') In lhc: c,c111
1>11,h Jamai:c 1, •••• 1c-11.mri.' "'11hm ~:111111111c ur U 1hc J,1m.1 i:n cwccJ ,u,:h ,um. 1h u, c11nt1 0M:t
m:iy he lrrmo1.11rJ al Ilic: ,irt ""' 111 Uuyr, hy Jdl\-CIUIJ 111 Seller ,,,11:cn ntllkc uf 1e1111 i11.:111un .
Shnulll llu~c • rlr,·1 h • ,:a11 y '"u 1h , ,·11111,;ii.·1 Je~1111e M,-,:h J amaiec:, Uu yc, ,hall be: cnulkJ lu a
1.·,e,111 . a1 l'l, ... mi:, h M • II th,r 11 \",l J 11,e 111u,:ceJ1> 1ouhm1 (111m 1>ud1 J ama,e h1 Ilic l'11•pc:1 I)' a,iJ
lr11,•h1,m1t\ 1•ayal,k 111 Selle, h,11 111,1 •he ,mneu· H!>41Cia 111111. ii :rn y. 11\us 1hc: :11111111111 uf any
tkJu,11\lk 1'111\ltkJ !111 Ill M rf1 111• ir:1111,·c rolk~·-liUt.'h c1cJ11 IMII hi c.,.·ceJ lhc ,,,,al l'urd1:u,c
h.U111n,11:c-: l11c-h11iu1n: Sc-nkr1. Should a11y l11clu )k01h,I ur liC1v11,.·ch) lmduJini;
J).MCIII) :uiJ CUl\l jlllltcnb or Il ic "'"l~''Y· ... ,. hca\lllJ. 11lu111b11111, ('\1,.·.1 f:nl m l,c J :i mal!cJ
l,,;mccn the 1l.1tc ,,r lhi) 1,.·11nt1a..·1 and fh.,,ini; '" pm 1-C))111n. wlu,;t,,c,·cr .\ha ll be ea1 hc1. 1hc n
~lie, )hall I...-h.1Mc f11, lh,c IC'l1JII \If 1cpl:t1.-Cltlt'nl or)lk.'h lnc lUM\111(11 \If .\Cl\'tl.'t'hl Wit h ;a 11111\ of
1>1 1nil,11 )!IC. aic a,iJ 11ualuy, '" :m e11uo11lcn1 l.'lt'\111, hul only tu the t'.\ll.'111 tl._,.t the m:ai mcna,11.·c
111 1r11lxemcn1 1•r M~·h h11.·lu)11111()). Krnt:cot or th1111ch) 1) 11111 Ilic: 1c\1•111)ihi h1 y 11r 1lic
ll\\lk'1~· a,~,·1;1111 ,11 , if :Ill)', k b a ny U1Mlla11t.'C 111111:tttl) ,ccc ,~ by lhl)'CI Cll\'Clin1 ), ... .-h 1ei,a1t
1111c11l~·enl(11\
c-. \\'11lk-Throu1eh: \'c-riOrullun of CunJltlon. Uuycr, upun 1c:a)1111.1hlc: 11111kt'. ,h.1 1\ ha\'C
tl 1t ri11ht 111 '-'11\lr, thmui;h tltc l'111pcll)' p1io1 to Cl1 .,,in1111 ve1ify lh:i11l1t 11hy)1,;:a l 1,.,,.11.h1 !11n 111' lltc
l'111pc:1t)' anJ l111.:lu)t1lll!>1.,1m11l ic:1 whh th h crn1t1:ll.'t .
1¥. H.EC.:01'\tl'\IENUATION Of-' l.EGAL ANU TAX COUNSl~L Hy iiJninJ 1hh
Ul 11:un ic1 11. IIU)t'I :anJ Se ller :icL1uwleJ11c lh:u lhc Sc:llin1 CUfnp;ill)' or the l.l\llllf CUIIIJl;l ll)' hu
:aJ,·lliCJ th:11 1hi) J11nm1tnl has im1111n:1 nl le1:a l 1,.'tlllliCljUClk:CI ll lld h:u 1c,;rnnnic:1iJct.l 1l1t
cumin:1111111 11r 1111c anJ rnn~ult.1111,n 11hh lct.:il 1111J 1u ,11 ,11hcr cnt.tn!>CI hcforc Ml!mui.: 1hi1
,·,,1111.:11.·1.
ln. TIME Of ES .. "iE"CE ANIJ HEMEUIES. Time: ii 11f1hc oliCni:c lic1cur. tr.:iny 11111c ur
d1a:I. !CCCl\'CJ II~ 1::mic:M Mrn-.:y he1 cunJc:1 111' ;,ny uthc:r p:l)'mc:n l Jue hc,cunJc:r ii UHi 1iaiJ .
'""""cJ '" 1cuJc1c-J 11licn Jut.1w ,r a11r1>1 l1tr 11lll111:11iu11 l1trcunJc:r h 1kJ4 rcrror rncJ 111' \\".11,-cJ a.\
hc,c:in 111011Ul'J , 1bc1c ~i:.11 be the l111\1110.ln~ 1cmc:,Jic:s:
11. U lh1,-u k In Uc-rault :
0 II) S1K'('ll'k l'ufornuancc-. Se ller 1113)' c:la:1 h1 II CJt tlu~ c11n\r.a1,.·1 n c:i,111.•clcJ. m winc h
,·11!-C all 11;1,ymclll) :a nJ 1hin11) 11( ,·aluc 1«c:1,·c:J hcmmJcr ,h:ill be forrc:i1cJ .anJ ,c:1 aincJ un bch;i\l
uf Sdkr, anJ Se ller 111~y tct:11,·cr )uth J Jmaic:1 111 m:1y be p111per , 111 Seller nuy clttl 10 11c.1t tl11 ~
l'1111\ra.:1 J\ hcmi.: m lull r,11 ,c 111111 c:lf«·t anJ Seller )h1II h;u ·c the fll!hl tu ~pe1:1 IN.' 1icr fornl;l1 11..·c 111
J ,UIIJFO ,IIC 1>111h
~ Ill l.lquld111rd 1>1111111,:u .. All ri;.i}'Ultlll) :mJ thinp uf v1lue ,ccch-cJ hc1c:unJe1 )1~11
l,c ft11 fc:itcJ hy llu)'Cl :anJ 1r1a111CJ un l1Ch;1\fnf Seller a1kl h111h ll.1111() 1h:11I 1lic:1caltct be: 1clc:1)W
foul\ all 11hl1 p111,n) hc:1c:u11Jc1 , II 1~ ar.rc:cJ illlt 1uc h Jl;l,"lllCt\O, ;ukl 111in11 ur ,·aluc :uc
I.IQUll>,\Tl:I> lJAMAGES :uiJ (e.wcpl l\\ 11111\iJcJ in wb~1i1 111cl a,c SEU.ER'S SOLE ANO
ONI.\' IU :Ml:I>\' hie lluyer'1 (:at lure lu pr1(111m tl1t 11blifaU1Kll> uf 1111\ CIIOll ;it:I. Se ll er C'~jllU~ly
wm,·c:i ll lC 1cmed10 uf l(IN.'ifi t 1ic:1f,11111a,11:c anJ ~J1uon.1I J :irn:ain ,
b. lrSc-lkr 11 In Uc-(1iul1 : llu)·cr mJy clttl 1t1 UcJl 1h11 nmli:a\·t n nocclcJ, in whid1 n,c
all p;l)'IUC:111 \ a,iJ 1111111=1 ,,r ,·;i luc ICt:c:11·eJ hcrc:unJcr )h:a ll be IC:IUIIICJ ark.I IIU)'el may 1c:1.·m·c:r
~ut:h JJ111at:r~ ;1~ 111:t)· le pmpc,. Ill' IIU)"C:I lllll )' clc:1·1 lo lrnl dm \'°1 11111:tl.'I ;I.) bcn:11 Ill ru111 m1·c:
;ukl cfft'l.'I a1iJ Uuyc:, )hall h;u-c the 11il11 111 ~IIC\.'1flc 11trf111111;a1K'c: tll' J :a11 1.:1gc:1. 01 b111h .
r. Cn~t., 1mJ E~11mn·s. In lhc c,cnl ur :any :a1b11r:at111n Ill' lm l!a1 mn 1c:b 1tn1 111 tlm
1,.11nlf111:1. lhe a1l1111a1tw ur ,·ourt ~hall aw,uJ lo the: p1e,·a1hn1 1m1 y all 1en11n:itilc: CtJ\b :uiJ
0 1,c:11~~. mc ha.hn,: ;i111 11 ucr rc:u .
21 . ~1t-:1>1ATION. Ir :I J1 ~ru1c :1 11\C) 1cl.111ng tu 1h1 s c11n•l;k.'I, r1111f lllUf ::iftc, CM111g, 3nJ lli
ntll 1011h·rJ. the 11:alllCli ,hall lil 1t r11 ,,;c:c:J rn F11tiJ firnh lo 1>ulm1t1 tlic m.auc:c lo mcd131mn.
McJ1:a l11•n I) a l'""''C:)Jr, ,n wl uch lilt flJ ll10 lnc'CI \\"llh :111 1mr,,11 1.1I flClklll who helps hi rci,oh·c
Il ic: J,~l'IIIC: 111f111m.1lly a 1kl ,·1111riJcn11ally. MN,.ahu ca nnot 11111,11liC bmJm1 Jc\:htun,. l'lic
p;IIIIC) Ill Il l( dl)J'U IC 11111\I :ll!IC..: l,c l,"e :any M:lllemtnl i, lmidtnF , TIit 11.111ic:, wi ll Jointly :I IIJkllnl
;111 :ll.'lCJ1t.1hk n1C1hJl111' and w,11 \h:11c f'l1u.all y ,n lhc: t1 1)t 11I )lk.'h n'-.-Ji a1i11n. The: nicJmtiun,
unkJ) ollltllll\C ;1 111cc:J. )IIJI! IC:IUIIIIJIC III lhc: c•c:nl lhc t'lll irc: J11pu1 e '' ntlt 1c1o1 1lvcJ JO calenJJr
J ay, rmm Ilic= J :a1e 1\IUICII 11011\·e 1c11,ic~on, nitJi:at Mm 11 liC lll by 1111( 1,:i11y Ill lilt uthcth). Tin,
Sc,·111111 >h~ll 11111 ;i hc, any J.itc m llm l'lllllr:tt:I, unlen1111~r"'·bc .a,:,CC\I .
u . 1-:.\ltNt-:.'ff MONE\' UISl'lJT I~ N11t11 11h,1:a11t..hni ;I ll)' IC!lllll\;lli11n ur lhili CUtl\l;tt:I ,
ll11 yl.'I :1 111.I Sc lkt :.,,cc 1l1.11, m 1hc c,cm ul :a ny ,·11nu11 ,·eoy 1cp1Jm11 1hc Ea111t•t Money 1mJ
N ■,t 'K );J.t,tt. l'tl :"-1 M..u •1 ltl 1111\' ,\Nll !\1 I.I. MUI , t:\l .\lt: \l'IIMMt:kt'l,\I 1
'
•
•
•
1111111!~ ,,I \.1 l11c hcl<I l,y l1111~c r ,,, Ch,,111ll Curn1 1any tuntcu rnutu Jt •·rt11cn t-:~Uudn111~ a,c
ICH ll\"iJ l•I ,11,· h11Mc1 11f the l:.arnc)I t.htnC)' :1m.l lhrnt;) or 1;d uc). l,11 ,l.c1 111 CIU)III~ Cu111 p.1J1)'
,h .,U 11111 I"-' rc1 111ucJ 111 l.i~c llll)' a. 1nm l 111t m.ay ,01~1\ :1 11)' l)llt\.CC:1lrny, Ill ,1 1 l •111~c,•~ 111 (.'/11'11!!;
{",11111',III ) ', .. ,,11 .. 11 llll\l , .. 1c Ll is1.,ch 11n. Ill.I )' 1nH:1pkaJ all 1',II UC ~ :mJ Jq111,,1 ,lll)' m11ucp HI
lhlllj!) ,,1 ,.,lm• IIIIH,I """' "' \lllllj'l.'.ICIII 1mis,J11 11t1 11 ;11,I ~h .1tl 1c1.,HCI 111ml '" ,, ~ ~ u :,IMlll,lh lc
lUIHI IIC)frC)
2.1 . TEll/\llN,\ noN In lhc CHIii 1h11 ,111111 :1,1 I\ ICI IIUll:t1Cll , a ll 1'•1)'1 111.'III \ ,uiJ 1hmi:• ,,f
,,1hu,: 11•1 c1,·cJ l1c11·m11.kr ,h,111 he 1cll nr1<'.I ,1nJ 1hc l'a111n ~lull be u:lu.-1cJ u l .1II 11hh1•,11111111
lll·1c11mlc1, "d•1c1 t ,., H 10,. :!I .mJ :!:?
U . AlllllTltlN,\I. l'llt)\ ISI UNS I l hc l,111j!n,1~e 11f Lhc-.c :i.t.1111,111.t l 1"""''""' h.1, •••• ll("\'1 1
·'l'IHll\t'll I•)' 11111: (',,k~.M.l.t ll c;,I 1:,1.itc c ·,111 11111""•'1)
{\ IIU }CI ,, \III ICl11')' k ,l\tllt,'. ;I 1111111111, .. r Ilic l 'wpen y !tent ~h.,11 lic pm ,.ucJ 111 Ilic J :1 1c
,,t \'h,,mj! miJ 1-,•111 ,1,,,111i: Ilic l.ca,e )h,1l1 1n111 m:11c
II /\I 1hr llllll' 111 d u)lt11!, ll11)CI llj!ICt'\ h• 1c~,c l),"11.'I. Ill Sdlrr Ille 11111111111 ur lhc 1'1 1111C1t)'
111111 P\l lll'l l'J l1 y Se ller . \'l lll~l)llll j! 11( :11111m ,1111;11 cl ) JJ:!U '1 111.ife lcct 1 he le:t)C ,ti .,u
I'<' t,,, UI J .,y~. at• 111mh ly 1cm.1I 111 i:t-1!0 . 11111k 11l'I Al 1hc erk! uf thr (ill t.l J)' 111:11,IU ,
ll u~c, ,h.,11 k J\.C 111 Selk, 1hr -..,u1 hc111 1/J uf 1hc hui lJmt,'. lllll~"tm1,: uf (t l'l"'"m1,11ely
:!IUJ ,1111,uc frc 1 '1hr k.,w )h,111 he f,,r a I )C:11 1c1m 111 1h :i I re:11 ,,11111111 ·ttie 1e11ta l
)h.,11 '"'' .,, Lhe a nnuJI 1,1h: "' ~·, !iO JloCI ~,u~,c 1,.,1 . 111111c 11e1. :mt.I lhe 11~1he) )lmll
1111.',I\LII \' 1he k,I\CII )l'J\C 1•rn 11 ht 1·011111tl'1k·e mcn1 uf lhc lcr m. u,,,h lc.,~~ ,,h:,U he
Mj!IICII I•) Ili c pJI II C~ ill lhc 1rn1c of lhC clt1Mllj!, Se ll er. :II 11 ~•l e l'IIM. ~h.1 11 Ct111 )tnu:I ll
1k 1111~lllj! 11·,111 ;111111u1c,I l•y 1111~1·1, M'p:w.i ltn j! Ili c k~M:J .\l'Jl'.e 1111111 the l(III J1111111,'.
11111 1w11 11r 1tic l'1u11(1ly
(' lln ll•1', ,,hl,1!;1111111, 1mJn lhl\ l'111111ac1 :uc c,111 c"I)' ,·1111l11tl_!Cnl 11111111 li nJI :1 p1u111•:1 I
t ~...i 11•,1J1t11_!l 11I th" C11n11 .1,·1 hr 1hc C'11 r Cuun..:11 ul 1hc Cur of 1:1111le11,",J 1111 1tc c1·cm
~11d1 :1 1'1'"'1 ;11 "111,t ot •t~1nc1J t•r M,I)' 11}, ~OOJ . 1hc li11)·e1 .\loM 11 It :•·,: 1hc lll_!hl lt1 u1~•rlll
1hc """Ill_! 1111111 .1 hu \HIC\\ 11.,y~ 1 .. 111111 1111_! Mich ap11111 1:1I. 11ith ,•n:h ,111p111 v.1I h• lie
,,l,1 ,11neJ t•• l.1 1c1 thJn lune l , !00.) unJ the d om tf. nu l.11c1 th:111 Jun,: Ci . !UO ,l In 1he
CICIU 111,: ( '11r Ct1111 k·il :11•1•11 11·c\ lht ~ C11 1111a1.·1 11·,1h111 the IIIII C ICljtlUCJ , Ilic lhl)'CI .,h,1 11
111•l 1ly Ilic Sdk, 1tl ll'ltllllj!. In lhe c1·cn\ !he Ull )'CI f:u b '" lklhfy the Selk,"' ~11111111,,I
t111 "' 1,,r,.,e MJ)' !O. :!UU.l 1111.\ r111111J1't ,hall he J cemeJ 1e1mi11;11cJ uuk,1 the lluycr
h.l\ ll'l jUC.\I CJ Ill \l llllll j! l 1y Mid, ,t.1tc an u1cm11 111 11f 1h1\ c1111h111_!e 111;y hi a JJle '"' 1:uc,
Ju 11c ·'· !I~,\ h1 1hc (\('II\ the llll )'Cf C.\le n,h tin ~ ,·,mlm l,!Clk')' :ulll 1hc1caflc1 fa,b hi
'""''Y the Cil ) Ill 11 1111111_! hy Jmic .1 . :?00) LhJI 1h11 C1•U1IJ CI ha) IJoCC II app1111cJ h)' tl,c
C1t r ('111111,.:11. lhl.\ ,·111111,1,·1 )hall he \JccmeJ rc111 11n;ucU . In the e1·cu1 tlll .\ Cllllll:ll'I Im.\
1"-·c n h:1111111.1tcU a, a IC \uh ,of 1he fat lu1 e h)' (ti)' C1 1un1:il tu ap111 111·e 1111) C.:111111 .i,.t 11111 1111
1h,· 11 111( 1c1 1m1cJ , 1hc CJIIICM ll ll 'IIC )' Jcpo)II . '"j!Clhct wi th :1 11 y canicJ mlC'ICM . )h;1II l,c
,,.uJ h i lluyc r JIU.I cad, 11,111y )hall IJoC 1ckaM: rm 1111)' hnlhc, ublij!lllto •II urlllcr 1111~
1'>1111 ;111
IJ l::i..:h pJ!I)' 11 ;11r;rn1., tu 1hc 111hc1 thal II hn 1101 Cll j!ai;cJ ~U)' brol.cr 111 ullll'I IIC l.\1111 1111h
IClllC\'I h• th ·, 1,.111,:11·111111 anU hereby u.J<:mnifk~ :mu al!ICC~ Ill hu lu lhe 11thc1 p:111 )'
h 11111 an y d J1111 l•lf :i \111111111 \\11111 111 111hcr c11mpc ni a1u111 d amicll hy an)' 1ic 1~111
,1ll,·j!c1ll y cni_:,1i_:ctJ I•)' \lk. h 11,11 1y
?!ii . ENl'llll·'. ,\(;IU'.l·:~11·:NT ; SlJIISE(JUENT P.IOU l t'lt'ATION: SUlt\'I VAL. 'l h"
lt'llll,ld \IIU,hlutc~ 1hc CIIIII C \11 1111 .1'1 lic rnecn the flJIII C~ 1d.1tm11 h i IIM: )t1 bJe,·t l1C1c11 f, JtiJ :m y
I'""' :lj!ICemcm , IIC tl.lllllll j! 1hc1c 1u, \\hClhcr 111JI "' IIIIIICn , h31'C IICCII mcq,\cJ anJ UIIC j!l lll CJ
IIIIU 1111, 1·01111.,,1 Nu .\t1 l•-c11ucm II MM..hfl\Jll"II 11! anr .. r !he teu m 11f lhl ) \'111111 ;1\I ~11.1 11 hc 1·;1l1J ,
l•ir~lm l_! Ill'"" Lhc p.u uc,, "' c11h,1u·,1ltlc Ulllc ), m.,Jc Ill \\'lllrng :mJ ~•i;ttrU by Ilic 11,1111c, 1\t1 )'
t1hhi:,1t11•n 111 tl u, 111nt1 ;1,·t 11l11d1, h)' 1b 1c1111,. •~ rntcoJ rJ tu lie 11erfo1111cU aflc, 1c11m 11.1111 •11 111
t 'll•\lll}!'h;1l l •m •11e 1hc .\,mM:
21,. t',\('Sl1\III.E. S1i:11>1hnc , [gj 1\la}· 0 M~,-Not he c1·1Jc111.·cJ b)' r.1c)m11l c 1)11,:um,, 1,
111111 Ull}!lll.11 \l}!IIJ hll t'\ ,11.1 111,,: 1•11,111J,:d h • the ulhc, 11:lll)' :I I C lt1Mtli!. "' c:11hc1 1111un 1e111tr)I Il l
:111y p ,11t)
21 . NOTH.:E. l:\lq11 f,u the 11.,11,:c ll'11uc~1111i_: mcJ1Jl1 m1 J o,:11hcJ ,u * 2 1. JII)' 111111..:c 111
llu)CI ,h,1 11 lie c ll c,11 1,: •1hcn 1c,c11 cJ h)' lluycr a1i,J any n11hl'C h1 Selk, )hJII IIC cllc,·11 1·c 11 hc n
11•,-c,,c,l l•)·Sctlc,
~M. NOT l('E OF .\(f.]~l'T,\NL.:E: l'OUNTElll'AllT!,. Tlill l''"IM1 ~al ~h:1 11 c,11111 e u11lc~,
,1C1'1Ctl 111 1\111111 }!, t,~ ll u)·c, ;mJ Sdlc1, :1, c11Jc111·tJ by1hc11 'IJ!IM1urcJ licluw . .1 11.J 1hcullc11n j!
p.111y rc,·c11 c, 111,11,·c ,,r t1H'Cf'l,1111 c 11m,ua111 111§:?7111111, 11erur: .\l'Ctpl1rn ct UcuUllnc Ihle :uiJ
,\t·cc11lnm·r l)tmllin r l'lmc I J ~, I If ;1,·l'c1 11ctJ . 1h1) Jo,:um cnt ~ti.d i lx:cu mc a t·1111t1 acl l1Ct1,cen
!\elk, :1111l llu~e1 {\ "'1')'11fll11 ~J ..... ·umcm ma y lJc C.\CCIII CJ b)' cad, llall)'. ~,watcl )', anJ 11 h,:11
t•,11:h p,111 ~· 11.1, c u,·u1 c11 :1 l'"l'Y 1h,•1c1 •I. Ml\'h 1·••1110 1at.c11 11 1i:c1hc1 )liJII Ix: J cc mcJ tu he .1 full
:1111l,·1111111k1c,,111L1J\lhc:wcr11 1ltr 11,111,c,
r;?L!JZa ~
l ).11 c 1•t tl u~c •·-~•1_!11,tllHC -~fe-l lJtt·11 f ll11 )'CI \S11in111u 1c · _____ _
r,:,, 1'11\1,,H I IIS lll,\l'l llllllt\',\:,;11)11.1 Ml ,\l,l \l .\lt:11·11,\I MUH'l.\l,I
'
• Date:
May 5, 2003
Initiated By: Safe ty Services
COUNCIL COMMUNICATION
I
Agenda Item : I Subject : Purchase of 3629 S. Fox St.
11 a i property
I
Staff Source : Chris Olson. Director
Rick Kahm , Capi tal Pro jects
Dir ecto r
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
Council approved Ordinance No. 7, Ser ies of 2002 , auth oriz ing th e lease of 2,212 sq uare feet of
office space at 3629 S. Fox St.
Council auth o rized staff to negotiate for the acquisition of the property.
RECOMMENDED ACTION
Staff recommends that City Council adopt an ordinan ce approving the purchase u f Lots 13 thru 16,
Block 15, Eng lewood Subdivision for the purchase p ri ce of $650,750.
BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED
Safety Services has been leasi ng approximately 1/3 of the property at 3629 S. Fo x St. since Janua ry
1, 2002. Curren tl y, the leased area provides office space fo r the Professio nal Standards Bureau.
The remaining 2/3 of the building is occupied by the owners.
In late 2002 , staff began discussions with the owners after lea rn ing they were interested in selling.
Staff ordered and re ceived an appraisal of the property. The fair market va lue is esiabl ishe d at
$685,000. An offe r of $6 50,750 was presented and accepted by th e owner. This offer is subject to
City Council approval of the purc hase .
The owners desire It remain as tenants at the fair ma rket, as determined by appraisal, lease rate of
59.50 (th e City is presen tl y pa yi ng $8 .75). The y will lea se back the 2/3 of the building the y
presently occupy for th e nex t 60 days and 1/3 of th e building for, at least, th e remainder of a one-
yea r lease .
r.,z p urchase of this facility will allow the City to vaca te existing lease pa yments for this property
and th e property at 290 1/2909 S. Broadway.
The Forfei ture Board has approved th e funds for the purchase of this bui ldin g and any required
upgrades.
FINANCIAL IMPACT
Savin gs rel ated to this purchase include:
$19,356 annual lease payments fo r 3629 S. Fox St.
$48,168 an nual lease pa ym en ts for 2901 /2909 S. Broadway
Revenu e w ill b e received from lease of 2,160 square feet in the annual amount 01 $20,520.
Th e D epartment of Safety Servi ces has adequate funds avai lable in th e Forfeiture Fur .i to cover thi s
purchase and r equi red upgrades . No Genera l Fund m onies will be req uired.
LIST Of AlTACHMENn
Contract
Proposed Bill for an Ordinance
•