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Home My WebLink AboutA002 - ISU Research Park Improvement - Parcel No. 2 Instrument:2015- UQ�111US� a• 2 5 :ii :�t1 Dot_.Nov lh��1. 11 _7 _4A D Rec Fee: 25.CIO E-Com Fee: 1..00 Hud fee. ,iris Trans Tax: .00 Rec Hanasement Fee: 1.00 Non-Standard Page Fee: .00 Filed for record in Story Counts, Iowa Return to: (env) Stacie L. Herrid9er County Recorder Ames City Clerk Box 811 Ames IA 50010 Return to and Prepared by: Ryan K.Gurwell,A&R Land Services,1601 Golden Aspen Dr.,Suite 105,Ames,IA 50010 (515)337-1197 PURCHASE AGREEMENT PARCEL NO. 2 COUNTY Story PROJECT ISU Research Park Improvement CITY Ames SELLER: Wessex,L.L.C. THIS AGREEMENT made and entered into this ��, day of U Ch I ,20 ,by and between Seller and the CITY OF AMES,IOWA,Buyer. 1 a. SELLER AGREES to sell and furnish to Buyer a conveyance document,on form(s)furnished by Buyer,and Buyer agrees to buy the following real estate and a temporary construction easement,hereinafter referred to as the premises,situated in parts of the following: Part of Unit 1 through 294 Wessex Condominiums Ames Iowa, together with all appurtenances thereto, including an individed fractional interest in the common elements areas and facilities as determined for said unit by the provisions of and in accordance with the Declaration of Submission of Property to Horizontal Property Regime for Wessex Condominiums filed in the office of the Recorder of Story County,Iowa,as Inst.No.98-00183 (and any supplements and amendments thereto). Wessex Condominiums,Ames,Iowa,as presently constituted,is located on Lot 1 Wessex Subdivision in Ames Iowa subject to easements and restrictions of record, County of Story,State of Iowa,and more particularly described on Page 4=9,including the following buildings,improvements and other property: All land trees shrubs landscaping and surfacing attached to the premises sought and described herein. 1 b. Said Temporary Construction Easement shall terminate upon completion of the construction of this project and acceptance of the project by the City Council. SELLER ACKNOWLEDGES full settlement and payment from Buyer for all claims per the terms of this agreement and discharges Buyer from liability because of this agreement and the construction of this public improvement project,except that Seller reserves any claim for any damages to the property during construction. The premises being purchased in fee also includes all estates,rights,title and interests,including all easements,and all advertising devices. 2. Possession of the premises is the essence of this agreement and Buyer may enter and assume full use and enjoyment of the premises per the terms of this agreement.SELLER GRANTS Buyer the immediate right to enter the premises for the purpose of gathering survey and soil data. SELLER MAY surrender possession of the premises or building or improvement or any part thereof prior to the time at which he has hereinafter agreed to do so, and agrees to give Buyer ten(10)days notice of Seller's intention to do so by calling Buyer collect. 3. Buyer agrees to pay and SELLER AGREES to grant the right of possession,convey title and surrender physical possession of the premises as shown on or before the dates listed below. PAYMENT AMOUNT AGREED PERFORMANCE DATE OF PERFORMANCE $ 0.00 on conveyance of title $ 0.00 on surrender of possession $ 2,277.00 on possession and conveyance 60 days after Buyer approval $ 2,277.00 TOTAL LUMP SUM Breakdown Ac./Sa.Ft. Land by Fee Title 253 sq.ft. Fence: rods woven Underlying Fee Title sq.ft. Fence: rods barbed Permanent Easement sq.ft. Temporary Easement 1336 sq.ft. DISTRIBUTION: TWO COPIES RETURNED TO BUYER -- ONE COPY RETAINED BY SELLER -Page-i—of--9— r 5. SELLER WARRANTS that there are no tenants on the premises holding under lease except:Various condominium tenants. 6. This agreement shall apply to and bind the legal successors in interest of the Seller and SELLER AGREES to pay all liens and assessments against the premises,including all taxes and special assessments payable until surrender of possession as required by the Code of Iowa,and agrees to warrant good and sufficient title.Names and addresses of lienholders are: U.S.Bank National Association 405 Main Street,Ames,IA 50010 7. Buyer may include mortgagees,lienholders,encumbrancers and taxing authorities as payees on warrants issued in payment of this agreement. In addition to the Total Lump Sum,Buyer agrees to pay$150.00 for the cost of adding title documents required by this transaction to Seller's abstract of title. 8. If Seller holds title to the premises in joint tenancy with full rights of survivorship and not as tenants in common at the time of this agreement,Buyer will pay any remaining proceeds to the survivor of that joint tenancy and will accept title solely from that survivor,provided the joint tenancy has not been destroyed by operation of law or acts of Seller. 9. These premises are being acquired for public purposes and this transfer is exempt from the requirements for the filing of a Declaration of Value by the Code of Iowa. 10. Buyer hereby gives notice of Seller's five-year right to renegotiate construction or maintenance damages not apparent at the time of the signing of this agreement as required by the Code of Iowa,Section 613.52. 11. This written agreement constitutes the entire agreement between Buyer and Seller and there is no agreement to do or not to do any act or deed except as specifically provided for herein. 12. Seller states and warrants that,to the best of Seller's knowledge,there is no burial site,well,solid waste disposal site,hazardous substance,nor underground storage tank on the premises described and sought herein. DISTRIBUTION: TWO COPIES RETURNED TO BUYER -- ONE COPY RETAINED BY SELLER .Page-2-� Qa SELLER'S SIGNATURE AND CLAIMANT'S CERTIFICATION: Upon due approval and execution by the Buyer, we the undersigned claimants certify the Total Lump Sum payment shown herein is just and unpaid. WESSEX,L.L.C. k4DeaE. X ziker,Me er 105 S. 10h Street Ames,IA 50010 (Mailing Address) (NOTARY PUBLIC:PLEASE COMPLETE LEFT AND RIGHT SIDES) SELLER'S ALL-PURPOSE ACKNOWLEDGMENT CAPACITY CLAIMED BY SIGNER: STATE OF IOWA } ❑INDIVIDUAL COUNTY OF STORY } ss: j ®CORPORATE --- j Title(s)of Corporate Officer(s): On this ' day of r - ' A.D. 20 ,:,before me,the Member undersigned,a Notary Public in and for said State,personally appeared ❑Corporate Seal is affixed Dean E.Hunziker,Member ❑No Corporate Seal procured ❑ to me personally known ❑PARTNER(s): or proved tome on the basis of satisfactory evidence to be the person(s) ❑ Limited Partnership whose name(s)is/are subscribed to the within record and acknowledged to me that ❑ General Partnership he/she/they executed the same in his/her/their authorized capacity(ies),and that by ❑ATTORNEY-IN-FACT his/her/their signature(s)on the record the person(s),or the entity upon behalf of ❑ EXECUTOR(s)or TRUSTEE(s) which the person(s)acted,executed the record. ❑ GUARDIAN(s)or CONSERVATOR(s) ❑ OTHER: ign in Ink) SIGNER IS REPRESENTING: Signature of Notary Public List name(s)of entity(ies) or person(s) Wessex,L.L.C. RYAN K. GURWELL : Commiisssiiogn�gNuupmber 703655 • ow any l f vC / 1�moires Buyer' s Approval elz Recommended by: Ryan K. Gurwell, Project Manager (Date) Approved by: Ann Cam e I I, Mayor (Date) Buyer's Acknowledgement STATE OF IOWA } COUNTY OF STORY ++ } ss: On this )C, day of c- b1bX v 20 I`� before me, the undersigned, personally appeared Ann Campbell, known to me to be the Mayor and authorized representative of the Buyer and who did say that the record was signed on behalf of the Buyer by its authority duly recorded in its minutes, and said authorized representative acknowledged the execution of the record, whose signature appears hereon, to be the voluntary act and deed of the Buyer, and by it voluntarily executed. Jill L. Rip p erger o`�,Riac s zL er- Commission Number Signature of Notary ubiic � 49 .k My Commission Expirespines DISTRIBUTION: TWO COPIES RETURNED TO BUYER -- ONE COPY RETAINED BY SELLER User:JWWINTE Drawing: P:\Projects\DM\4144750\Deliverables\Drawings\dwg\AcquisitionPlats\AP.02.dwg;AP2.01 Last Modified: Nov.09, 15-08:04 ACQUISITION PLAT FEE SIMPLE RIGHT-OF-WAY OAKWOOD ROAD OAKWOOD ROAD N 89050'59" E 23.43' NE COR LOT I WESSEX — —- - SUBDIVISION AND POINT-OF-BEGINNING R-O-W 2 253 SQ.FT. ti S 00°04'27"W 21.57' Q 0.006 ACRES >>9?7� Q �. W J Z) O m U) W Z LEGEND: MONUMENT FOUND AS NOTED • PROPOSED MONUMENT O SECTION LINE EXISTING ROW LINE - -- ROW LINE TEMPORARY EASEMENT LINE T/E ROW LINE FEE SIMPLE RAN ACQUISITION AREA 1 HEREBY CERTIFY THAT THIS LAND SURVEYING DOCUMENT WAS •:LAND SQL••, PREPARED AND THE RELATED SURVEY WORK WAS PERFORMED BY ME OR UNDER MY DIRECT PERSONAL SUPERVISION AND THAT I AM A DULY LICENSED LAND SURVEYOR UNDER THE LAWS OF j THE STA�'j OF IOWA. 0 10 20 40 MURRAY B. o SIGN 11 o DATE: J ' BERTING A NAME: MURRAY B. BERTING SCALE IN FEET L 13148 1 31 48 LICENSE NUMBER: MY LICENSE RENEWAL DATE IS: DECEMBER 31, 2016 • PAGES, SHEETS OR DIVISIONS COVERED BY THIS SEAL: 1 OF Z CLIENT: CITY OF AMES, IOWA •.*• „•••••.. •• 2OF2 515 CLARK AVENUE /0WA AMES,IOWA 50010 ...... CLIENT NO. 292-8192-439 320-8192-439 RM-0155(686)--90-85 ACQUISITION R-O-W 2 PROJECT NO. SH I V E—�-I ATT E AM SE IOWA4144750 ARCHITECTURE + ENGINEERING DATE 03/04/15 SCALE SHEET No. Iowa I Illinois I Indiana I Missouri http://www.shive-hattery.mm DRAWN JWW FIELD BOOK 1 of 2 4125 WESTOWN PARKWAY,SUITE 100,WEST DES MOINES,IA 50266(515)223-8104 APPROVED REVISION J� t�I ec) q User:JWWINTE Drawing: P:\Projects\DM\4144750\Deliverables\Drawings\dwg\AcquisitionPlats\AP.02.dwg;AP2.02 Last Modified: Nov.09, 15-08:04 ACQUISITION PLAT FEE SIMPLE RIGHT-OF-WAY OAKWOOD ROAD FEE SIMPLE RIGHT-OF-WAY DESCRIPTION R-O-W 2: A PARCEL OF LAND LYING ENTIRELY WITHIN AND FORMING A PART OF LOT 1, WESSEX SUBDIVISION NOW IN AND FORMING A PART OF THE CITY OF AMES, STORY COUNTY, IOWA, MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHEAST CORNER OF SAID LOT 1; THENCE SOUTH 00004'27"WEST, ALONG THE EXISTING WEST RIGHT-OF-WAY LINE OF UNIVERSITY BOULEVARD AS PRESENTLY ESTABLISHED, FOR A DISTANCE OF 21.57 FEET; THENCE NORTH 47°25'21"WEST, FOR A DISTANCE OF 31.79 FEET TO A POINT ON THE EXISTING SOUTH RIGHT-OF-WAY LINE OF OAKWOOD ROAD AS PRESENTLY ESTABLISHED; THENCE NORTH 89050'59" EAST, ALONG SAID SOUTH RIGHT-OF-WAY LINE, FOR A DISTANCE OF 23.43 FEET TO THE POINT-OF-BEGINNING. CONTAINING 253 SQUARE FEET (0.006 ACRES) MORE OR LESS. CLIENT: CITY OF AMES, IOWA 515 CLARK AVENUE AMES,IOWA 50010 CLIENT NO. 292-8192-439 320-8192-439 RM-0155(686)--90-85 ACQUISITION R-O-W 2 PROJECT NO. SH I V E F I A7T E RY AMES, IOWA4144750 ARCHITECTURE + ENGINEERING DATE 03/04/15 SCALE SHEET NO. Iowa I Illinois I Indiana I Missouri http://www.shive-hattery.com DRAWN JWW FIELD BOOK I'� OT r I L� 4125 WESTOWN PARKWAY,SUITE 100,WEST DES MOINES,IA 50266(515)223-8104 APPROVED REVISION L