R2022-180 Resolution Authorizing an Agreement Between the City of Decatur, Illinois, and Lindy Lu LLC., for the Sale of Retired Fire Station #3 Located at 1308 and 1316 West Eldorado St.

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said Lot 1, said point being the Point of Beginning; thence South 88 degrees 55 minutes 05 seconds West(Bearings based on the Illinois State Plane Coordinate System East Zone Datum of 1983) a distance of 27.76 feet, said point being on the Northerly Right-of-Way line of West Eldorado Street; thence North 60 degrees 39 minutes 19 seconds East a distance of 17.57 feet; thence North 31 degrees 23 minutes 42 seconds East a distance of 23.63 feet to the Westerly Right-of-Way line of Fairview Avenue; thence South 00 degrees 15 minutes 45 seconds East a distance of 28.18 feet on said Westerly Right-of-Way line to the Point of Beginning, containing 291 square feet, more or less. Situated in Macon County, Illinois. Parcel# 04-12-16-203-022 and 04-12-16-203-021 Commonly known as 1308 and 1316 West Eldorado, Decatur situated in Macon County, Illinois. 3. Buyer shall pay to the City the sum of One Hundred Fifteen Thousand Dollars ($115,000) for purchase of the above-described property, said monies to be paid to City at time of settlement in the form of a cashier's check. City and Buyer agree that settlement shall occur no later than sixty(60) days from the date of this Agreement at which time Buyer shall be entitled to possession. 4. The City shall not provide title insurance, however,Buyer may obtain title insurance on its own discretion and at its own cost. 5. At settlement, the City shall deliver to Buyer a quitclaim deed to the Property in such form and together with such documentation as shall be required for recording said deed. Buyer agrees to pay for transfer tax stamps,the cost of recording with the Recorder of Deeds any of the documents necessary to complete the transfer of ownership and any other additional documents required. 6. Buyer shall be responsible for all Real Estate Taxes accruing subsequent to Settlement date. 7. All notices, demands and requests that are required or allowed to be given by either party shall be in writing and shall be personally delivered or sent by certified mail, postage prepaid,to the address as set forth below or to such other address as either party may subsequently designate in writing: CITY: BUYER: City of Decatur Lindy Lu LLC City Manager Mark Allen