R2022-38 Resolution Authorizing Real Estate Agreement-Angle Court

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REAL ESTATE PURCHASE CONTRACT AGREEMENT Unimproved Land THIS AGREEMENT("Agreement")is entered into by and between the City of Decatur,Illinois,an Illinois municipal corporation("City")and CASA Development LLC("Buyer"). RECITALS A. The City is a municipal corporation as set forth in the Illinois Municipal Code,65 ILCS 5/1-1-1,et. seq. B. The City is a home rule unit under Article VII Section 6(a)of the Illinois Constitution(IL Const. 1970, Art.VII,Sec. 6(a)). C. The City owns property that is undeveloped and adjacent to Lake Decatur. D. The City Council has determined that the property is no longer needed for any public purpose. E. The City Code of the City of Decatur provides in Chapter 33 that the City may dispose of property as the Council authorizes or approves. F. The City desires to transfer to Buyer the property set forth in this Agreement. G. The Buyer desires to purchase from the City the property set forth in this Agreement. NOW,THEREFORE,in consideration of the foregoing recitals,the mutual covenants and agreements hereinafter set forth,and for good and valuable consideration,the receipt, sufficiency and adequacy of which are hereby acknowledged,the parties agree as follows: 1. The foregoing recitals are incorporated herein as fully stated as a part of this Agreement. 2. The City of Decatur,Illinois,as Seller,agrees to sell and CASA Development LLC,or entity they control,as Buyer,agrees to purchase at the price of$33,976.00 the following legally described real estate premises("Property")situated in Macon County,Illinois: That part of the Southeast 1/4,of Section 25,Township 16 North,Range 2 East of the Third Principal Meridian,Macon County,Illinois,described as follows: Beginning at an existing iron pin marking the Northwest corner of Lot 36,Brook's Meadow Park Second Addition,as per Plat recorded in Book 982,page 65 of the Records in the Recorder's Office of Macon County,Illinois;thence S.9°57'23"E.-135.00 feet along the West line of said Lot 36 to an existing iron pin; thence S.9°45'12"E.-68.06 feet along the West line of said Lot 36 to an existing iron pin marking the Southwest corner thereof,thence S.9°45'12"E.-185.37 feet along the Southerly extension of the West line of Lot 34 of said Brook's Meadow Park Second Addition to a point on an existing cast iron sea wall;thence N.49027'37"W.-25.52 feet along said sea wall;thence N.33°33'29"W.-50.10 feet along said sea wall;thence N.9004'26"E.-44.97 feet along said sea wall to an iron pin set;thence S.83°46'19"W.-47.45 feet to an iron pin set; thence S.68019'54"W.-69.85 feet to an iron pin set;thence N.68°22'25"W.-28.83 feet to an iron pin set;thence N.33°19'46"W.-24.20 feet to an iron pin set;thence N.9°2947"E.-58.26 feet to an iron pin set; thence N.21°48'40"E.-83.25 feet to an iron pin set;thence N.28°20'56"E.-57.56 feet to an iron pin set; thence N.18°09'52"E.-59.81 feet to an iron pin set;thence N.6052'30"E.-36.82 feet to an iron pin set on the Westerly extension of the North line of said Lot 36;thence N.87°52'10"E.-35.00 feet along said Westerly extension of the North line of said Lot 36 to the point of beginning,containing 0.78 acres,more or less. i