R2022-91 Resolution Authorizing Redevelopment Agreement wiht Bob Brady

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Exhibit B REAL ESTATE PURCHASE CONTRACT 1. PREMISES SOLD. South Side Country Club a not for profit Illinois corporation, as Seller, agrees to sell and Robert Michael Brady, as Buyer(s), agree(s)to purchase at the price of $50,000.00 (fifty thousand dollars)the following legally described real estate (premises) situated in Macon County, Illinois based on the following terms and conditions: 1.525 Acre Tract - That part of the South 7.5 acres of the North 15 acres of the East 1/2 of the Northeast 1/4 of the Southeast 1/4 of Section 29, Township 16 North,Range 2 East of the Third Principal Meridian,Macon County,Illinois,described as follows: beginning at a stone marking the Northwest corner of the South 7.5 acres of the North 15 acres of the East 1/2 of the Northeast 1/4 of the Southeast 1/4 of said Section 29; thence N.89016'1 1"E.-659.75 feet along the North line of the South 7.5 acres of the North 15 acres of the East 1/2 of the Northeast 1/4 of the Southeast 1/4 of said Section 29 to an existing stone marking the Northeast corner thereof, thence 5.76023'07"W.-178.51 feet to an iron pin set; thence 5.59138'16"W.-85.00 feet to an iron pin set; thence 5.73037'00"W.-140.00 feet to an iron pin set; thence 5.72012'24"W.-74.00 feet to an iron pin set; thence 5.62048'12"W.-81.50 feet to an existing iron pin marking the Northeast corner of a tract of land described on a Trustee's Deed filed for record in Book 4549,page 726 of the records in the Recorder's Office of Macon County,Illinois;thence 5.88025'46"W.- 135.79 feet along the North line of said tract of land to an existing iron pin marking the Northwest corner thereof, thence N.0002'40"E.-179.65 feet along the West line of the East 1/2 of the Northeast 1/4 of the Southeast 1/4 of said Section 29 to the point of beginning. 2. SALE and TRANSFER RESTRICTION. Buyer agrees that neither he,his successors or assigns will convey ownership to the properties subject to this Agreement to any party that is not an active regular or lifetime member of South Side Country Club so long as South Side Country Club exists and that all parties who are conveyed ownership of said properties must remain active regular or lifetime members of South Side Coutnry Club for the duration of their ownership of the subject properties. 3. EASEMENT. Buyer grants a permanent ten (10) foot-wide private easement for ingress and egress for the benefit of the Seller. The Easement shall be for the south ten(10)feet of the property identified herein and shall extend to the western boundary of Seller's adjacent property. 4. DATE OF CONTRACT. The date of this contract is the latest date of signing by all parties. THIS IS A LEGALLY BINDING CONTRACT. UNLESS YOU FULLY UNDERSTAND THIS CONTRACT, CONSULT AN ATTORNEY BEFORE SIGNING.