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R95-146 ACCEPTING NOMINATION BY CICD
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R95-146 ACCEPTING NOMINATION BY CICD
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7/8/2016 1:36:42 PM
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7/8/2016 1:36:40 PM
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Resolution/Ordinance
Res Ord Num
R95-146
Res Ord Title
ACCEPTING NOMINATION BY CICD REGARDING OPTIONS TO PURCHASE REAL PROPERTY
Approved Date
10/9/1995
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• , � <br /> � � REAL ESTATE PURCFIASE OPTION <br /> This Real Estate Purchase Option ("Option") is made this 17th day of October 1994, by and <br /> between Community Investment Corporation of Decatur, Inc. (CICD), an lllinois not-for-profit <br /> corporation ("Buyer") and James B. Matthews and Ross H. Whitford, ("Seller") and is subject <br /> to the following terms and conditions: <br /> l. OPTION TO PURCHASE: Seller, in consideration of$500.00 ("Deposit") paid by <br /> Buyer, the receipt and sufficiency of which is hereby acknowledged, hereby grants Buyer the <br /> exclusive option to purchase the following described real estate: <br /> Description 1) N 8 ft E 116 ft Lot 1 Blk 9. Town of Decatur (Plat A/1). <br /> Description 2) S 15 ft Lots 14, 15 & S 15 ft E 2 ft Lot 13 Blk 1. Central Addition. <br /> COMMONLY KNOWN AS: 211 North Water <br /> 2. PURCHASE PRICE. The purchase price for the real estate shall be FIFrY-SIX <br /> THOUSAND DOLLARS ($56,000) which shall be paid at the time of closing of the purchase <br /> of the real estate. <br /> . . �� <br /> . � <br /> � „ �� <br /> � <br /> . , <br /> E,'7E2`F �a «�.,, r��_...,.:. ,.�...�i i.,. «..,:...�.a i.,.. �,.����. <br /> � <br /> � <br /> � <br /> . � <br />
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