FLORIDA SPINE PROPERTIES LLCCONTRACT FOR SALE OF REAL PROPERTY
BY THE CITY OF CLEARWATER, FLORIDA
PARTIES: The CITY OF CLEARWATER, FLORIDA, a Municipal Corporation of the State of Florida
(herein "Seller" or "City"), whose post office address is 112 South Osceola Avenue, Clearwater, FL
33756, and FLORIDA SPINE PROPERTIES, LLC, a Florida limited liability company (herein "Buyer"),
whose post office address is 2250 Drew Street, Clearwater, Florida 33765, (collectively "Parties"),
hereby agree that the Seller shall sell and Buyer shall buy the real property described in Paragraph 1
below ("Property") upon the following terms and conditions. This Contract shall be effective as of the
date on which the last party executes it, which date shall be referred to as the 'Effective Date."
1. PROPERTY DESCRIPTION
All real property described in that certain Warranty Deed dated December 1, 1981 between George A.
Hunt, Jr. and the City of Clearwater recorded in Official Record Book 5280, Page 892 of the Public
Records of Pinellas County, Florida, which real property is further described on the attached Exhibit "A"
that is incorporated by reference herein. The Parties acknowledge that the street address of the
Property is 2251 Drew Street, Clearwater, Florida 33765.
2. FJ1LL PURCHASE PRICE $ 1,415,000 00
3. MANNER OF PAYMENT: Wire transfer in U.S. funds at time of closing ...... ..... . $ 1,415,000.00
4. PURCHASE PRICE
The full Purchase Price has been determined by Invitation to Bid No. 11-18 (ITB 11-18), a competitive
bid initiated by the City of Clearwater. The minimum bid price established in ITB 11-18 was based upon
an appraisal prepared by James Millspaugh and Associates, Inc. with a valuation date of April 5, 2017.
5. TIME FOR ACCEPTANCE: APPROVALS
Following execution of this contract by Buyer, the price, terms and conditions as contained herein shall
remain unchanged and be held unconditionally open for a period of 45 days following delivery in
duplicate original to City Manager of the City of Clearwater for acceptance and approval, counter-offer,
or rejection by action of the Clearwater City Council ("Council"). If this Contract is accepted and
approved by the Council, it will be executed by duly authorized City officials and delivered to Buyer
within 10 days thereafter. If a counter-offer is approved by the Council, it shall be delivered to Buyer in
writing within 10 days of such action by the City Council, and Buyer shall have 10 days thereafter to
deliver to Seller written notice of acceptance or rejection of such counter-offer. If written notice of
acceptance is not timely delivered, or if the counter-offer is rejected by Buyer, this Contract shall
thereafter be null and void in all respects If this Contract is rejected by the Council upon initial
prentation to the Council, this contract shall be null and void in all respects and Buyer shall be so
informed in writing within 5 days of such action.
6. TITLE
Seller warrants legal capacity to and shall convey marketable title to the Property by Special Warranty
Deed, subject to matters contained in Paragraph 8 acceptable to Buyer and containing the covenants
and restrictions as set forth in paragraph 7, and the Permitted Exceptions. The term "Permitted
Exceptions" shall mean property taxes for the year of closing; and covenants, restrictions and public
utility easements of record and any title exceptions acceptable to Buyer. Otherwise title shall be free of
liens, easements and encumbrances of record, or any other liens, easements or encumbrances that
prevent Buyer's intended use of the Property.
7. COVENANTS & RESTRICTIONS
The sale proposed in this contract shall be subject to the following covenants and restrictions: (1) The
property must generate ad valorem tax revenue free from exemptions. Alternatively, an otherwise tax-
exer‘gpt purchaser shall enter into a PILOT agreement for all city portions of real property taxes,
tangible property taxes, utility taxes and any other applicable taxes; and (2) The property owner shall be
required to expend at least $50,000 within the first year of Buyer's ownership, $50,000 within the
second year of Buyer's ownership and $200,000 within the third year of Buyer's ownership toward
capital improvement on the Property. For the purposes of this requirement, the first year is considered
to begin on the closing date and to end on the one-year anniversary thereof, the second year is
considered to begin on the day following the one-year anniversary of the closing date and to end on the
two-year anniversary of the closing date, and the third year is considered to begin on the day following
the tivo-year anniversary of the closing date and to end on the three-year anniversary of the Closing
date. Any excess amounts expended by Buyer in a particular year of ownership which are above the
applicable requisite amount described in this Paragraph shall apply to the succeeding anniversary year
to reduce the requisite amount due in such succeeding anniversary year accordingly. For the purposes
of determining whether the Buyer has satisfied this capital improvement requirement, it shall be
sufficient for Buyer to expend the requisite amount of monies toward any improvement of the physical
condition of the Property whatsoever (including, without limitation, replacement or upgrade of any
structural, cosmetic, electrical, plumbing, interior or other aspects, systems or features of the Property),
and for Buyer to provide Seller with copies of receipts describing the amount and nature of the capital
improvements. Further, Buyer is required to commence capital improvements within the first year of
Buyer's ownership; however, such capital improvements are not required to be completed within the
timeframes described above, and it shall be sufficient for Buyer to simply enter into legally binding
contracts or agreements with one or more third -parties performing the capital improvements which, in
the .12gregate, require that Buyer expend at least the requisite amount of monies provided herein;
provided however, that within five years of the closing date, Buyer completes capital improvements to
the Property intended by the expenditures required herein. If Buyer fails to expend the required
amounts towards capital improvements as required herein, Seller has the right, at its sole discretion, to
repurchase the Property from Buyer at a purchase price equal to $1,415,000.00, payable in cash at
closing. Buyer, upon the request from Seller, shall forthwith reconvey the Property to Seller via special
warranty deed. The terms of this paragraph 7 shall not merge into the deed, are an integral, material
inducement for the Seller to convey the Property, and shall survive unless and until incorporated in total
into deed which conveys the Property from Seller to Buyer.
S. TITLE EVIDENCE
Seller shall, at Seller expense and within 30 days prior to closing date deliver to Buyer a title insurance
commitment issued by a Florida licensed title insurer agreeing to provide owner's title insurance
coverage in the amount of the Purchase Price against all liens, encumbrances, exceptions or
qualifications acceptable to the Buyer in writing, and the easements, except for the Permitted
Exceptions set forth under this Contract, and for any liens, encumbrances, and easements which shall
be discharged by Seller at or before closing. Such owner's title insurance coverage shall provide for
the standard exceptions thereto to be deleted, subject to satisfaction of the requirements outlined by the
title underwriter in the title commitment for deletion of said exception, including Buyer securing and
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providing a survey to underwriter. Seller shall be responsible for paying all title insurance premium
costs related to the owner's title insurance commitment to provide such title insurance coverage that will
be delivered to the Buyer at Closing. Seller shall convey marketable title subject only to Permitted
Exceptions defined under this Contract. Marketable title shall be determined according to applicable
Title Standards adopted by The Florida Bar and in accordance with law, and subject to the Permitted
Exceptions defined under this Contract. Buyer shall have 15 days from receiving evidence of title to
examine it. If title is found defective, Buyer shall, within 7 days thereafter, notify Seller in writing
specifying defect(s). If there are any defects in title to the Property, Seller will have 120 days from
receipt of notice within which to remove the defect(s), failing which Buyer shall have the option of either
accepting the title as it then is or withdrawing from this Contract. Seller will make a diligent good faith
effort to correct defect(s) in title within the time provided therefor, including the bringing of necessary
suits.
9. SURVEY
Sellrif will, within 5 days from the delivery of this Contract to Buyer by Seller after acceptance and
approval of the Contract by the Council, deliver to Buyer copies of prior surveys, plans, specifications,
construction and engineering documents relating to the Property, along with any and all documents
relating to the installation, operation and maintenance of the HVAC and plumbing systems on the
Property, which have been prepared for or by Seller, or are in Sellers possession, and which show all
currently existing structures and any and all systems therein. In the event this transaction does not
close, alt documents provided by Seller will be returned to Seller within 10 days from the date this
Contract is terminated.
Buyer may, at Buyer's expense, and within the time period allowed to deliver and examine title
evidence, obtain a current certified survey of the Property from a registered surveyor. If the survey
reveals encroachments on the Property or that the improvements encroach on the lands of another,
such encroachments will constitute a title defect to be cured within 30 days from receipt by Seller of
the written notice delivered from Buyer of such encroachments. Seller may elect not to cure defects if
Seller reasonably believes any defect cannot be cured within such 30 day period, Buyer will have 10
days from receipt of notice of Seller's inability to cure the defects to elect whether to terminate this
Contract or accept title subject to existing defects arid close the transaction without reduction in
Purchase Price.
10. CLOSING PLACE AND DATE
SellOr shall designate closing agent and this transaction shall be closed in the offices of the designated
closing agent in Pinellas County, Florida, on or before September 30, 2018, unless extended by other
provisions of this contract including but not limited to time allotted for the removal of title defects as
provided for in Paragraph 8 above. Seller may require, at Seller's sole discretion, that closing may not
occur prior to August 31, 2018. If the Buyer is unable to comply with any provision of this Contract
within the time allowed, and be prepared to close as set forth above, after making all reasonable and
diligent efforts to comply, then upon giving written notice to the otter party, time of closing may be
extended up to 60 days without effect upon any other term, covenant or condition contained ill this
contract.
11. CLOSING DOCUMENTS
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Seller shall furnish closing statements for the respective parties, special warranty deed, bill of sate (if
applicable), mechanic's lien affidavit, assignments of leases, tenant and mortgage estoppel letters,
contptive instruments, originals of those assignable service and maintenance contracts that will be
assuined by Buyer after the Closing Date (as determined in Buyer's sole and absolute discretion) and
letters to each service contractor from Seller advising each of them of the sale of the Property and, if
applicable, the transfer of its contract, and any assignable warranties or guarantees received or held by
Seller from any manufacturer, contractor, subcontractor, or material supplier in connection with the
Property, and assignments of permits and licenses. At Closing, Seller shall also deliver to Buyer an
owner's title insurance commitment to title insurance coverage, as described in Paragraph 8. The
Closing procedure shall be in accordance with the norms where the Property is located, as provided in
Paragraph 19 below.
12. CLOSING EXPENSES
Pursuant to Chapter 201.24, Florida Statutes, Seller is exempt from paying documentary stamps on the
deed. Buyer shall pay the cost for documentary stamps, if applied to the deed. Seller shall be
responsible for paying the costs of recording any corrective instruments relating to Seller being able to
provide marketable title at Closing. Buyer shall be responsible for all documentary stamp taxes and
other fees associated with Buyer obtaining financing to purchase the Property. Buyer shall also be
responsible for paying recording fees associated with recording the deed and any documents related to
its financing. Each party will be responsible for its own attomey's fees.
13. PRORATIONS; CREDITS
104
Tax, assessments, rent (if any) and other revenue of the Property shall be prorated through the day
before closing. Closing agent shall collect all ad valorem taxes uncollected but due through the day
prior to closing and deliver same to the Pinellas County Tax Collector. If the amount of taxes and
assessments for the current year cannot be ascertained, rates for the previous year shall be used with
due allowance being made for improvements and exemptions. Any deposits held by Seller in trust for
third parties in occupancy of the Property shall be credited to Buyer at time of closing. Any tax
proration based on an estimate will, at request of either party, be readjusted upon receipt of current
year's tax bill; this provision will survive closing.
14. OCCUPANCY
Seller warrants that there are no parties in occupancy other than the Seller, or as otherwise disclosed
herein and the Property shall not be rented or occupied beyond closing. if Buyer agrees to accept
occupancy of the Property before Closing, Buyer assumes all risk of loss to Property from date of its
occupancy, shall be responsible and liable for maintenance from that date, arid shall be deemed to
have accepted Property in its existing condition as of the time of taking occupancy unless otherwise
stated herein or in separate writing; provided, however, that this sentence shall apply only if Buyer
has agreed in writing to accept occupancy of the Property before closing.
15. LEASES
Ser warrants that there are no leases encumbering the Property and Seller will not enter into a
lease for the Property during the duration of this Contract.
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16. PROPERTY CONDITION
Seller shall deliver the Property to Buyer at time of closing in its present "as is" condition, ordinary wear
and tear excepted, and shall maintain the landscaping and grounds in a comparable condition to what
presently exists. Seller makes no warranties other than is disclosed herein under Paragraph 21 ("Seller
Warranties") and marketability of title. Neither party is aware of any latent defects on the Property and
will immediately notify the other party upon discovery thereof Buyer's covenant to purchase the
Property is subject to its right of inspection as described in the succeeding paragraph.
a. As Is With Right of Inspection: Buyer may, at Buyer's expense within forty-five (45)
days following the Effective Date hereof ("inspection Period"), conduct inspections, tests,
environmental and any other investigations of the Property Buyer deems necessary to
determine suitability for Buyer's intended use. Accordingly, Buyer is permitted to, without
limitation, hire a licensed engineer, contractor, zoning consultant, environmental
engineer, and/or such other individuals or companies as are deemed appropriate by
Buyer in its sole discretion to inspect all aspects of the property being purchased,
including but not limited to land, structural, radon detection, lead paint, presence of
mold, asbestos, appliances, and whether the Property is suitable for Buyer's intended
use. Upon Seller's execution hereof, Seller shall grant reasonable access to the Property
to Buyer, its agents, contractors and assigns for the purposes of conducting the
inspections provided, however, that all such persons enter the Property and conduct the
inspections and investigations at their own risk. For the purposes of the preceding
sentence, risk assumed by Buyer shall survive termination of this Contract and closing
and conveyance of the Property. Buyer shall not engage in any activity that could result
in a mechanics lien being filed against the Property without Seller's prior written consent.
Buyer shall have the right to terminate this Contract and return any deposit paid by
Buyer if any condition or circumstance relating to the Property is not satisfactory for
Buyer's intended use or as otherwise determined in Buyer's sole discretion, by Buyer
providing written notice to Seller prior to expiration of the Inspection Period. If Buyer
exercises its right to terminate this Contract within the Inspection Period, then it shall
have no further obligations under this Contract except obligations expressly intended to
1 survive termination of this Contract. In the alternative, at the Buyer's sole discretion, if
Seller offers to repair or otherwise remedy such conditions to Buyer satisfaction, Buyer
may accept such offer; or Buyer, at its option, may elect to accept a credit at closing of
the total estimated repair costs as determined by a licensed general contractor of Buyer's
selection and expense. if Buyer terminates this contract, and this transaction does not
close, Buyer agrees, at Buyer expense, to repair all damages to the Property resulting
from the inspections and investigations and return the Property to its present condition.
if Buyer does not elect to terminate this Contract within the Inspection Period, and the
transaction contemplated under this Contract proceeds to Closing, then Buyer shall
further have the right to have the Property re -inspected immediately before the Closing,
provided that only issues raised by Buyer during the Inspection Period, and/or
conditions that have changed on the Property since the expiration of the inspection
Period, may be raised upon re -inspection of the Property immediately before the
Closing.
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Buyer may also have the property appraised by a Florida licensed certified appraiser
who is listed on the list of appraisers approved by Valley National Bank within forty five
05) days of Effective Date, and if the value determined to apply in such appraisal is
less than the Purchase Price allocated to the transaction contemplated by the Contract,
then Buyer may give written notice to Seller to terminate this Contract prior to the end of
the Inspection Period, and Buyer shall have no further obligations under this Contract
except obligations expressly intended to survive termination of this Contract.
This Contract shall be contingent upon all due diligence deemed appropriate by Buyer,
and Buyer shall have the right to cancel this Contract and be relieved from any and all
liability relating thereto by providing notice to Seller of Buyer's intent to cancel this
Contract within the Inspection Period.
17. WALK-THROUGH INSPECTION
At a time mutually agreeable between the parties, but not later than the day prior to closing, Buyer may
conduct a final "walk-through" inspection of the Property to determine compliance with any Seller
obligations and to insure that all Property is in and on the premises. In the event that that the condition
of the Property has materially changed since the expiration of the Inspection Period, the Buyer may
eleckito terminate the Contract.
18. RISK OF LOSS
Except as provided in Paragraph 14 of this Contract, Seller shall bear the risk of loss associated with
the Property until the Closing. If the Property is damaged by fire or other casualty before closing, Buyer
shall have the option of either taking the Property "as is", together with any insurance proceeds payable
by virtue of such loss or damage, or of canceling this contract.
19. oLOSING PROCEDURE
Unless otherwise agreed or stated herein, closing procedure shall be in accordance with the norms
where the Property is located. Seller will deliver possession and occupancy of the Property to Buyer at
closing. Seller will provide keys, remote controls, and any security access codes necessary to operate
all locks, mailboxes, and security systems. At Closing, the parties shall execute all documents
necessary to effectuate the transaction contemplated by this Contract Buyer shall pay the Purchase
Price (subject to adjustments and prorations as provided herein) to the escrow agent via wire transfer.
The deed shall be recorded upon clearance of funds. Proceeds of sale shall be released to Seller upon
execution of all documents by the parties and release thereof from escrow.
20. DEFAULT
If this transaction contemplated by this Contract is not closed due to any default or failure on the part of
the Seller, other than Seller being unable to make the title marketable after a diligent and good faith
effort, Buyer may either (1) seek specific performance; or (11) unilaterally cancel this Contract, receive a
return of any deposits, and have no further obligation under the Contract, upon giving written notice to
Seller. If this transaction is not closed due to any default or failure on the part of the Buyer for any
reason other than Buyer's permitted termination of this Contract during the Inspection Period or
otherwise as specified under this Contract, Seller's sole and absolute remedy shall be to receive
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liquidated damages in the amount equal to $42,450, which is 3% of the Purchase Price (the "Liquidated
Damages Amount), and to unilaterally cancel this Contract upon giving written notice to Buyer. The
Parties acknowledge that actual damages to Seller in the event of the default by Buyer are difficult to
ascertain, and that the Liquidated Damages Amount is not a penalty and is an appropriate
representation of the damages that might be suffered by Seiler in the event of such a default.
21. SELLER WARRANTIES
Seller warrants the following to be true and accurate and further agrees that as of closing the following
will be true and accurate, with these representations to survive the closing:
(a) Seller (1) has complete and full authority to execute the Contract and to convey to Buyer
good and marketable fee simple title to the Property, in accordance with the Contract, which is free and
clear of all liens, encumbrances and other exceptions to title except for the Permitted Exceptions, (ii)
will execute and deliver such other documents, instruments and agreements, including, but not limited.
to, affidavits and certificates necessary to effectuate the transaction contemplated herein, and (lii) will
take all such additional action necessary or appropriate to effect and facilitate the consummation of the
sale and purchase transaction contemplated herein.
(b) All assessments that are liens against the Property are shown in the official records of the
taxing authorities in whose jurisdiction the Property is located; no improvements (site or area) have
been constructed or installed by any public authority, the cost of which may be assessed in whole or in
part against any part of the Property in the future; and Seller has not been notified of any possible
future improvements that might create an assessment against any part of the Property.
(c) Seller has not received notice of any violations of law, municipal or county ordinances, or
other legal requirements with respect to the Property or with respect to the use, occupancy or
conduction thereon.
(d) Seller will not further sell, lease, encumber, convey, assign or contract to sell, convey,
assign, pledge, encumber or lease all or any part of the Property, nor restrict the use of all or any part of
the Property, nor take or cause to be taken any action in conflict with the Contract at any time between
the Effective Date and (i) Closing, or (ii) the earlier termination of the Contract pursuant to its terms.
Seller additionally hereby represents and warrants that no leases, purchase contracts, rights of first
refusal or similar agreements exist in connection with the Property which would in any way interfere
with Buyer's ability to purchase the Property as provided herein, or which is in any way in contravention.
of the spirit and intent of the Contract.
(e) There currently exists access to and from the Property to all street fronts and adjoining
right of ways.
(f) Neither the entering into of the Contract nor the consummation of the transaction
contemplated hereby will constitute or result in a violation or breach by Seller of any judgment, order,
writ, injunction or decree issued against or imposed upon it, or will result in a violation of any applicable
law, order, rule or regulation of any governmental authority. There is no action, suit, proceeding or
investigation pending which would become a cloud on the title to the Property or any portion thereof or
which questions the validity or enforceability of the transaction contemplated by the Contract or any
action taken pursuant hereto in any court or before or by any federal, district, county, or municipal
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department, commission, board, bureau, agency or other governmental instrumentality.
(g) Seller has no knowledge of, nor has Seller received any notice of, any actual or
threatened action, litigation, or proceeding by any organization, person, individual or governmental
agency (including governmental actions under condemnation authority or proceedings similar thereto)
against the Property or Seller, nor has any such organization, person, individual or governmental
agency communicated to Seller anything which Seller believes to be a threat of any such action,
litigation or proceeding. Seller agrees to indemnify and hold harmless Buyer, its officers, shareholders,
directors, agents, employees and contractors from any claims, liabilities or other actions which may
arise as a result of the entering into the Contract by Buyer with Seller, including, but not limited to any
actions or proceedings brought by any tenants of the Property.
22. RADON GAS NOTIFICATION
In agordance with provisions of Section 404.056(8), Florida Statutes (2014), as amended, Buyer is
hereby informed as follows:
RADON GAS: Radon is a naturally occurring radioactive gas that, when it has
accumulated in a building in sufficient quantities, may present health risks to persons
who are exposed to it over time. Levels of radon that exceed federal and state guidelines
have been found in buildings in Florida. Additional information regarding radon and radon
testing may be obtained from your county public health unit
23. CONTRACT NOT RECORDABLE; PERSONS BOUND
Neither this contract nor any notice of it shall be recorded in any public records. This contract shall bind
and inure to the benefit of the parties and their successors in interest Whenever the context permits,
singular shall include plural and one gender shall include all.
24. NOTICE
All notices will be in writing and provided for herein shall be deemed to have been duly given if and
when deposited in the United States Mail, overnight courier, or personal delivery, properly stamped and
addressed to the respective party to be notified, including the parties to this contact and the parties'
attorneys.
25. moSIGNABILITY; PERSONS BOUND
This contract is not assignable. The terms "Buyer", "Seller", and 'Broker" (if any) may be singular or
plural. This Contract is binding upon Buyer, Seller, and their heirs, personal representatives,
successors and assigns (if assignment is permitted).
26. ATTORNEY FEES; COSTS
In any litigation arising out of this contract, the prevailing party shall be entitled to recover reasonable
attorney's fees, costs, and expenses.
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27. CURE PERIOD
Prioot.o any claim for default being made, a party will have an opportunity to cure any alleged default. If
a party fails to comply with any provision of this Contract, the other party will deliver written notice to the
non -complying party specifying the non-compliance. The non -complying party will have 7 days after
delivery of such notice to cure the non-compliance. Notice and cure shall not apply to failure to close.
28. BROKER REPRESENTATION
Neither Party hereto is represented by a Licensed Real Estate Broker upon the execution hereof.
Should either Party choose to obtain the services of a License Real Estate Broker, the Party obtaining
such services shall be responsible for any Broker fee or expense due to said Broker.
29. EFFECT OF PARTIAL INVALIDITY
The invalidity of any provision of this contract will not and shall not be deemed to affect the validity of
any other provision. In the event that any provision of this contract is held to be invalid, the parties
agree that the remaining provisions shall be deemed to be in full force and effect as if they had been
executed by both parties subsequent to the expungement of the invalid provision.
30. GOVERNING LAW
It is greed by and between the parties hereto that this contract shall be governed by, construed, and
enfebed in accordance with the laws of the State of Florida.
31. COUNTERPARTS: FACSIMILE COPY
This contract may be executed in two or more counterparts, each of which shall be deemed an original
and all of which together shall constitute one instrument. A facsimile copy of this contract, including any
addendum, attachments and any written modifications hereof, and any initials or signature thereon shall
be deemed an original.
32. ENTIRE AGREEMENT
Upon execution by Seller and Buyer, this contract shall constitute the entire agreement between the
parties, shall supersede any and all prior and contemporaneous written and oral promises,
representations or conditions in respect thereto. All prior negotiations, agreements, memoranda and
writings shall be merged herein. Any changes to be made in this agreement shall only be valid when
expressed in writing, acknowledged by the parties and incorporated herein or attached hereto.
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EXECUTED this 3 day of -J LJ L( , 2018 by Buyer.
FLORIDA SPIN PROPERTIES, LLC
By:
Luis Fi 4uERa
Print Name/Title
APPROVED BY SELLER & EFFECTIVE this.u'day of qu.--1 , 2018.
keormtrAttos
George N. Cretekos
Mayor
Approved as to form:
11/11-1
Pamela Akin
City Attorney
THE CITY OF CLEARWATER, FLORIDA
By:
8.
William B. Home, II
C ty Manager
Attest:
Rosemarie Cali
City Clerk
J:\F\Florida Spine 7nstitutee225I Drew Sale Documents \Sale East Library Contract. l o.docx
:*cak*jmp*cd*jmp 6/27/18
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EXHIBIT "A"
Legal Description
LIBRARY SITE:
From the NW corner of the NW % of the NW % of Section 18, Township 29 South, Range 16
East, thence S 89° 22' 51" E, along the centerline of Drew Street, 553.20 feet; thence S 00° 18'
05" W, 50.0 feet to a point of beginning; thence S 89° 22' 51" E, 220.00 feet; thence S 00° 18'
05" W, 220.00 feet; thence N 89° 22' 51" W, 220.00 feet; thence N 00° 18' 05" E, 220.00 feet to
the point of beginning.
Containing 1.111 Acres
0.7AAcres
From the NW corner of the NW % of the NW % of Section 18, Township 29 South, Range 16
East, Thence S 89° 22' 51" East, along the centerline of Drew Street, 553.20 feet; Thence S
00° 18' 05" West, 270.00 feet to a Point of Beginning; Thence S 89° 22' 51" East 220.00 feet;
Thence S 00* 18' 05" West, 138.60 feet; Thence N 89" 22' 51" West, 220.00 feet; Thence N
00° 18' 05" East, 138.60 feet to the Point of Beginning.
Containing 0.700 Acres
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