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HomeMy WebLinkAboutCC-02-07-00-02 Payment ROWResolution No. CC-02-07-00-02 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CAtUvlEL, INDIANA APPROVING PAYMENT OF RIGHT OF WAY WHEREAS, pursuant to Article III, Section 3.01 (b) of the Trust Indenture by and among the City of Carmel Redevelopment Authority and Fifth Third Bank of Central Indiana, dated as of August 1, 1997, approval by the Common Council is required prior to payments from the Construction Fund therein described upon p~esentation of architect's or engineer' s certificates of work completed and materials furnished; WHEREAS, Hall, Render, Killian, Heath & Lyman has presented the closing statement, easement agreement & warranty deed as attached hereto as Exhibit A. NOW, THEREFORE, BE IT RESOLVED by the Common Council of ti~e City of Carmel, Indiana, that the Right of Way Payment Requisition hereby approved for payment from the Construction Fund described in the above-referenced Trust Indenture. '7 day PASSED by the Common Council of the Cit of Carmel, Indiana this of V'~kxva_~ 2000 by a vote of [c~ ayes and ~ nays. COMMON COUNCIL OF THE CITY OF CARME ~A ': ~cer _ .- ', _ __l.- ~ ; { r, Preside'~ ~ ' ' R ~t~~ N.L. Rundie er / Wayne Wilson _) ATTEST: Diana L. Cordray, '~-Treasurer C P~s,~;~2Z me to the Mayor of the City of Carmel, Indiana the day of · ~ ,2000. ~ Diana L. Cordray, IAMC, C1 urer Approv..ed by me, Mayor of the City of Carreel, Indiana, this f day of /~7¢~-~7' ,2000. J rainard, Mayor ATTEST: Diana L. Cordray, IAMC, urer EXHIBIT A PAYMENT REQUISITION NO. 83 PAYEE A1V[OUNT DUE' CHARACTER OF EXPENDITURE 1. Check payable to: OP&F Indianapolis, LLC Send Check to: City of Carmel Attn: Clerk Treasurer 1 Civic Square Carmel, IN 46032 2. Check payable to: OP&F Indianapolis, LLC Send Check to: City of Carmel Attn: Clerk Treasurer 1 Civic Square Carmel, IN 46032 3. Check payable to: Paul E. Reifeis and Elizabeth Barney Reifeis Send Check to: City of Carmel Attn: Clerk Treasurer 1 Civic Square Carmel, IN 46032 $56,748.00 $101,685.00 $98,690.00 Right-of-Way Purchase in connection with Pennsylvania St. Right-of-Way Purchase in connection with Pennsylvania St. R/W Purchase in connection with with Pennsylvania St. 01/20/00 Parks, Craig M From: James Burroughs [SMTP:BURROUGH@IMDR.COM] Sent: Tuesday, January 11, 2000 3:48 PM To: rhicks@hrkhl.com Subject: OP&F / City ol~ Carmel I don't have the W-9 back but the tax id for OP&F Indianapolis, LLC is 95-4653438 CONFIDENTIALITY NOTICE: This E-mail and any attachments are confidential and may be protected by legal privilege. If you are not the intended recipient, be aware that any disclosure, copying, distribution, or use of this E- mail or any attachment is prohibited. If you have received this E-mail in error, please notify us immediately by returning it to the sender and delete this copy from your system. Thank you. ICE MILLER DONADIO & RYAN CLOSING STATEMENT SELLER: BUYER: PROPERTY: EFFECTIVE DATE: OP&F Indianapolis, LLC City of Carmel Approximately 0. 167 acres in fee simple, 0. 120 acres as a permanent landscape easement, and 0.042 acres for a temporary construction easement located in Carmel, Hamilton County, Indiana (Parcel 111-5W) January 6, 2000 Purchase Price: Reimbursement of Sanitary Sewer Engineering Expense (cost to cure item) Buyer's Expense (to be paid outside of closing): Title Search (Land ACQ Consulting) Closing Fee Recording Fee (Hamilton County Recorder- $30.00) (Hamilton County Auditor- $1.00) $307.00 0.00 31.00 $56,148.00 600.00 Net Amount Due Seller: Seller hereby accepts the foregoing Closing Statement By: Printed Title 02713 rah. doc(mkj ) 01/11/00 $ 56,748.00 Cross Reference to Prior Deed of Record: Instrument No. 97-9742516 in the Hamilton County, Indiana Recorder's Office EASEMENT AGREEMENT (Parcel 111-5W) This Easement Agreement (this "Agreement") is made and entered into this day of ,1999 by and between OP&F INDIANAPOLIS, LLC, an Indiana limited liability company ("Grantor") and the CITY OF CARMEL, INDIANA ("Grantee"). RECITALS A. Grantor owns certain real propeay (the "Grantor Parcel") located in Hamilton County, Indiana more particularly described as follows: Part of the Northwest Quarter and paa of the Northeast Quarter of Section 2, Township 17 Noah, Range 3 East in Hamilton Cotmty, Indiana, being more particularly described as follows: Beginning at a point on the West line of the said Northeast Quarter Section South 00 degrees 22 minutes 08 seconds West (assumed bearing) 40.02 feet from Noahwest of said Northeast Quarter Section; thence Noah 88 degrees 36 minutes 14 seconds East, parallel with the North line of said Northeast Quaaer Section, 55.00 feet; thence South 46 degrees 23 minutes 46 seconds East 20.32 tbet; thence South 00 degrees 22 minutes 08 seconds West, parallel with the said West line 509.20 feet; thence North 89 degrees 37 minutes 52 seconds West 353.98 feet; thence South 45 degrees 22 minutes 08 seconds West 59.40 feet; thence Noah 89 degrees 37 minutes 52 seconds West 160.35 feet to the East limited access right-of-way line of U.S. 31, (per Indiana State Highway Plans- Project SF. F-222 (9) dated 1973); thence Noah 00 degrees 09 minutes 52 seconds West along said East limited access right-of- way line 423.31 feet; thence Noah 88 degrees 36 minutes 14 seconds East, parallel with the Noah line of the said Northwest Quarter Section, 110.44 feet; thence Noah 00 degrees 09 minutes 52 seconds West 124.99 feet; thence North 88 degrees 36 minutes 14 seconds East, parallel with the Noah line of said Noahwest Quarter Section, 381.45 feet to the Beginning Point. B. Grantee, in connection with Grantee's improvement and widening of pennsylvania Parkway (the "Project"), requires a permanent landscape easement over a portion of the Grantor Parcel which permanent landscape easement area (herein referred to as the "Permanent Easement Parcel") is more particularly described as follows: A part of the Noaheast Quarter of Section 2, Township 17 North, Range 3 East, Hamilton County, Indiana, being that part of the land described in Deed Instrument #9200377, as recorded in the Office of the Recorder of Hamilton County, Indiana, lying within the proposed permanent easement depicted on the Right of Way Parcel Plat attached hereto and incorporated herein as Exhibit A and legally described as follows: Commencing at the noahwest corner of said quarter section; thence South 1 degree 30 minutes 31 seconds West 40.02 feet along the west lh~e of said quarter section to the north line of the owner's land; thence North 89 degrees 45 minutes 17 seconds East 45.78 feet along said north line to the point of beginning of this description: thence North 89 degrees 45 minutes 17 seconds East 9.22 feet along said north line; thence South 45 degrees 16 minutes 17 seconds East 1.08 feet; thence South 1 degree 31 minutes 11 seconds West 473.56 feet to the point designated as point "90" on said Right of Way Parcel Plat; thence Southwesterly 48.82 feet along an arc to the right and having a radius of 1,864.86 feet and subtended by a long chord having a bearing of South 2 degrees 16 minutes 11 seconds West and a length of 48.82 feet to the south line of the owner's land; thence North 88 degrees 29 minutes 29 seconds West 10.00 feet along said south line; thence Northeasterly 48.82 feet along an arc to the lef~ and having a radius of 1,854.86 and subtended by a long chord having a bearing of North 2 degrees 16 minutes 25 seconds East and a length of 48.82 feet to the point designated as point "91" on said Right of Way Parcel Plat; thence North 1 degree 31 minutes 11 seconds East 474.02 feet to the point of beginning and containing 0. 1 20 acres, more or less. C. Grantee also requires a temporary easement for the duration of the Project for purposes of constructing that portion of the Project located upon the Grantor Parcel. Such temporary easement area (herein referred to as the "Temporary Easement Parcel") is more particularly described as follows: A part of the Northeast Quarter of Section 2, Township 17 North, Range 3 East, Hamilton County, Indiana, being that part of the land described in Deed Instrument #9200377, as recorded in the Office of the Recorder of Hamilton County, Indiana, lying within the proposed temporary easement depicted on the Right of Way Parcel Plat attached hereto and incorporated herein by this reference as Exhibit A and legally described as follows: Commencing at the northwest comer of said quarter section; thence South 1 degree 30 minutes 31 seconds West 561.45 feet along the west line of said quarter section to the south line of the owner's land; thence South 88 degrees 29 minutes 29 seconds East 30.01 feet along said south line to the point of beginnh~g of this description: thence Northeasterly 48.82 feet along an arc to the left and having a radius of 1,839.86 feet and subtended by a long chord having a bearing of North 2 degrees 16 mutes 48 seconds East and a length of 48.82 feet; thence North 1 degree 31 minutes 11 seconds East 72.48 feet; thence South 88 degrees 28 minutes 49 seconds East 15.00 feet; thence South 1 degree 31 minutes 11 seconds West 72.48 feet to the point designated as point "91" on said Right of Way Parcel Plat; thence Southwesterly 48.82 feet along an arc to the right and having a radius of 1,854.86 and subtended by a long chord having a bearing of South 2 degrees 16 minutes 25 seconds West and a length of 48.82 feet to the south line of the owner's land; thence North 88 degrees 29 minutes 29 seconds West 15.01 feet along said south line to the point of beginning and containing 0.042 acres, more or less. NOW, THEREFORE, in consideration of the foregoing recitals, all of which are incorporated herein by this reference, and of the grants of easements and the mutual promises and covenants set forth herein, the parties hereto agree as follows: 1. Grant of Permanent Easement. Grantor hereby grants and conveys to Grantee an exclusive, perpetual easement over, under, through and across the Permanent Easement Parcel for the purpose of landscaping over, under, across, upon and through the Permanent Easement Parcel for which Grantee shall have the right to: (a) remove any fences, structures, asphalt or concrete paving, curbing or other improvements, bushes and earth berming that exist prior to Grantee's acquisition of such easement; (b) plant trees, bushes (the "Plantings"), grass or sod, and install earth berming; and (c) maintain, remove and replace the Plantings. 2. Temporary Rights Acquired by Grantee. During the term of the Project, Grantor hereby grants and conveys to Grantee the exclusive right to utilize the Permanent Easement Parcel and the Temporary Easement Parcel for all purposes related to the construction of the Project, including, but not limited to the storing of Grantee's equipment and the staging of the construction of the Project. Upon the completion of the Project such temporary easement shah terminate and Grantee shall return the Temporary Easement Parcel to Grantor in substantially the same condition as existed prior to the commencement of the Project. 3. Obligations of Grantee. Grantee shall maintain the Plantings and remove any diseased or dead Plantings from the Permanent Easement Parcel. If, in the course of the construction of the Project, trees which are located on the Permanent Easement Parcel as of the date hereof (the "Trees") shah be damaged or destroyed, City shall, at City's expense, remove such trees and replace them with trees of the same species and approxhnate size. Upon completion of the Project the Trees shall be deemed to be Plantings as defined in Section 1 hereof. 4. Rights Retained by Grantor. Grantor slmll retain unto itself, and its grantees, heirs, successors and assigns, and others to whom Grantor may grant rights or easements, the right to use the Permanent Easement Parcel for any and all purposes and uses not inconsistent with the foregoing easement acquisition by Grantee, including without limitation the right to install, use, maintain, repair and replace existing driveways and curbing not removed by Grantee as part of the Project. Grantor and its grantees, heirs, successors and assigns shah retain the right of access over and across the Permanent Easement Parcel to and from the Public Right-of-Way to real estate owned by Grantor adjacent to the Permanent Easement Parcel via Grantor's existing driveway or any future driveway. 5. Obligations of Grantor. Except for any driveway described in Section 4 hereof, Grantor shall keep the Permanent Easement Parcel flee of any fence, structure, asphalt, gravel, plants (other than grass or sod and the Plantings installed by Grantee) concrete or other improvements. Grantor shall mow and care for the grass located within the Permanent Easement Parcel and shah keep the Permanent Easement Parcel free from debris, weeds and refuse. 6. Easement and Covenants Appurtenant. The easements granted, created and made herein, together with the benefits thereof, shall run with the Grantor Parcel and inure to the benefit of Grantee and its grantees, successors and assigns. The easements granted, created and made herein, together with the burdens thereo f, shall run with and bind the Grantor Parcel, and shall bind Grantor and its grantees, successors and assigns. All covenants and agreements of the Grantor and Grantee hereunder, together with the benefits and burdens thereof, shall be deemed to be real covenants which touch and concern the Permanent Easement Parcel, the Grantor Parcel and the Temporary Easement Parcel, as applicable, shall run with the Permanent Easement Parcel, the Grantor Parcel and the Temporary Easement Parcel, and shall inure to the benefit of and be binding upon Grantor and Grantee, as applicable, and their respective grantees, successors and assigns. All covenants and agreements hereunder may be enforced by an action for specific performance, and in the event that a party breaches any such covenant or agreement, the other party may exercise any remedy available hereunder, at law or in equity, and recover from the breaching party all amounts expended in connection with exercising any such remedy (including without limitation, court costs and attorneys fees). 7. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Indiana. IN WITNESS WHEREOF, Grantor and Grantee have executed this Agreement as of the date first written above. GRANTOR: GRANTEE: OP&F Indianapolis, LLC City of Cannel By: By: Printed: Printed: Joseph C. Staehler Title: Title: Director of Administration STATE OF INDIANA COUNTY OF ) ) ss: ) Before me, a Notary Public in and for said County and State, personally appeared , the of Grantor and who, having been duly sworn, acknowledged the truth and accuracy of the representations made herein and the execution of the foregoing Agreemere. Witness my hand and Notarial Seal this My Commission Expires: County o f Residence: day of ,19 . Notary Public Printed STATE OF ) ) ss: COUNTY OF ) Before me, a Notary Public in and for said County and State, personally appeared Joseph C. Staehler, the Director of Administration of Grantee, who, having been duly sworn, acknowledged the truth and accuracy of the representations made herein and the execution of the foregoing Agreement for and on behalf of said Grantee. Witness my hand and Notarial Seal this day of ,19 . My Commission Expires: Co unty o f Residence: Notary Public Printed This instrument was prepared by Robert A. Hicks, Attorney at Law, HALL, RENDER, KILLIAN, HEATH & LYMAN, P.S.C., One American Square, Suite 2000, Box 82064, Indianapolis, Indiana 46282, (317) 633-4884. Return following recording to: Robert A. Hicks, Attorney at Law, HALL, RENDER, KILLIAN, HEATH & LYMAN, P.S.C., One American Square, Suite 2000, Box 82064, Indianapolis, Indiana 46282, (317) 633-4884. 02644rah.doc(mkj) 111-5W (12/02/99) WARRANTY DEED THIS INDENTURE WITNESSETH, That OP&F Indianapolis, LLC, an Indiana limited liability company ("Grantor") CONVEYS AND WARRANTS to City of Cannel ("Grantee"), for the sum often Dollars ($10.00) and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the following described real estate located in Hamilton County, state of Indiana: A part of the Noaheast Quarter of Section 2, Township 17 North, Range 3 East, Hamilton County, Indiana, being that part of the land described in Deed Instrument #9200377, as recorded in the Office of the Recorder of Hamilton County, Indiana, lying within the proposed right of way depicted on the Right of Way Parcel Plat attached hereto and incorporated herein as Exhibit A, and legally described as follows: Commencing at the noahwest comer of said quarter section; thence South 1 degree 30 minutes 31 seconds West 40.02 feet along the west line of said quarter section to the noah line of the owner's land; thence Noah 89 degrees 45 minutes 17 seconds East 55.00 feet along said north line to the northeastern line of the owner's land; thence South 45 degrees 16 minutes 17 seconds East 1.08 feet along said noaheastern line to the point of beginning of this description: thence South 45 degrees 16 minutes 17 seconds East 19.24 feet along said northeastern line to the east line of the owner's land; thence South 1 degree 30 minutes 31 seconds West 509.20 feet along said east line to the southeast comer of the owner's land; thence Noah 88 degrees 29 minutes 29 seconds West 14.76 feet along the south line of the owner's land; thence Noaheasterly 48.82 feet along an arc to the left and having a radius of 1,864.86 and subtended by a long chord having a bearing of North 2 degrees 16 minutes 11 seconds East and a length of 48.82 feet to the point designated as point "90" on said Right of Way Parcel Plat; thence Noah 1 degree 31 minutes 11 seconds East 473.56 feet to the point of beginning and containing 0,167 acres, more or less. Subject to any and all easements, agreements, restrictions and other matters of record; subject to the lien for real property taxes not delinquent; and subject to rights of way for roads and such matters as would be disclosed by an accurate survey and inspection of the real estate. GRANTOR REPRESENTS AND WARRANTS THAT THIS CONVEYANCE IS NOT SUBJECT TO THE INDIANA GROSS INCOME TAX. The undersigned person executing this deed on behalf of Grantor represents and certifies that he is a general partner of Grantor and is empowered to execute and deliver this deed; that Grantor has full capacity to convey the real estate described herein; and that all necessary action for the making of such conveyance has been taken and done. IN WITNESS WHEREOF, Grantor has executed this deed this__ day of ,1999. Grantor: OP&F INDIANAPOLIS, LLC Signature: Printed: Title: STATE OF INDIANA COUNTY OF SS: ACKNOWLEDGMENT Before me, a Notary Public in and for said County and State, personally appeared , on behalf of OP&F Indianapolis, LLC, who acknowledged the execution of the foregoing Warranty Deed, and who, having been duly sworn, stated that any representations therein contained are true. Witness my hand and Notarial Seal this day of ,1999. My Commission Expires: County of Residence: Notary Public Printed This instrument was prepared by Robert A. Hicks, Attorney at Law, Hall, Render, Killian, Heath & Lyman, P.S.C., One American Square, Suite 2000, Box 82064, Indianapolis, Indiana 46282. Send tax bills to: After recording, return deed to: 02650rah.doc(mkj) 111-5W (11/30/99) [ ) Value Finding (X)Short Form (X)Partial Acquisition ( ) Total Acquisition Type of Property Commercial Indicate: (Residential, Commercial, Bare Land, Farm, Special, Industrial) Location Southwest comer of Pennsylvania Street and 116th Street [ ) Long Form Page 1 of 17 Project Pennsylvania Street Parcel 111-5W : Owner Aetna Life'Insurance ComDany Phone 860.273.0123 Road Pennsylvania Street Address 242 Trumbull Street, Hartford, Connecticut 06160 County Hamilton Tenant () Property Manager Deanna Wolfe, Lowe Enterprises, (317.580.2430) Contract Buyer ( ) N/A Phone Address N/A Land Areas: Before 6.465 Acres Mter 6.298 Acres Acquisition 0.167 Acres Temp. R/W 0.042 Acres . Provisional R/W 0. 120 Acres Abutters Rights N/A CERTIFICATE OF APPRAISER I hereby certify: That I have personally inspected the property herein appraised and that I have personally made a field inspection of the comparable sales relied upon in making said appraisal. The property being appraised and the comparable sales were as represented or referenced within the appraisal. That to the best of my knowledge and belief the statements contained in the appraisal herein set forth are true, and the information upon which the opinions expressed herein are based is correct; subject to the limiting conditions herein set forth. That I understand that such appraisal may be used in connection with the acquisition of right-of-way for a project utilizing federal funds. That such appraisal has been made in conformity with appropriate laws, regulations, policies and procedures applicable to the appraisal of property for such purposes; and that to the best of my knowledge no portion of the value assigned to such property consists of such items which are non-compensable under appropriate established law. That this appraisal assignment may have called for less than would otherwise be required by the specific guidelines of the Uniform Standards of Professional Appraisal Practices (USPAP), but is not so limited in scope that it may tend to mislead the users of the report, or the public. That neither my employment nor my compensation for making this appraisal and report are in any way contingent upon the values reported herein. That any decrease or increase in the fair market value of real property prior to the date of valuation caused by the public improvement for which said property is acquired, or by the likelihood that the property would be acquired for such improvement, other than that due to ph. ysical deterioration within the reasonable control of the owner, was disregarded in determining the compensation f6r the property. That I have no direct or indirect present or contemplated future personal interest in such property or in any way benefit from the acquisition of such property appraised. That the owner or a designated representative was afforded the opportunity to accompany me on the property inspection. That I have not revealed the findings and results of such appraisal to anyone other than the proper officials of the Acquiring Agency or officials of the Federal Highway Administration and I will not!~do so until authorized by said officials or until I am required to do so by due process of law, or until I am released from this obligation by having publicly testified as to such findings. That I have not given consideration, or included in my appraisal, any allowance for relocation assistance benefits. That no one provided significant professional assistance to the person signing this report with the exception of those signing below. That my opinion of fair market value for the property to be acquired and residue damage, if any, as of the 23rd day of February 1999 . which is the effective date of this appraisal is $ 80,465.00 based upon my independent appraisal and the exercise of my professional judgment. SUMMARY BEFORE VALUE (Observed) AFTER VALUE (Observed) $ 12,000,000.00 $ 11,9 19,535.00 Land Taken $ 42,585.00 ,.* Land Improvements $ 11,550.00 Improvements $ '0- Cost-to-Cure $ 8, 100.00 Damages $ -0- Temp. - Prov. R/W $ 18,230.00 TOTAL DUE OWNER $ 80,465.00 Form 25008 (Rev. 6/94) Signature · Nmne Typed L. Scott Anderson Appraisal License # CG69100542 Broker # IB58709107 Date: ~- 4- cqc] ASSISTED BY Signature ~ , C, ~ N~e ~ped B~ C. Reske Appr~s~ License ~ CG494 0189 Broker ~ IB2930007~/~7~ Date: ~ Si~amre N~e ~ped Appr~s~ License ~ Broker ~ Date: CLOSING STATEMENT SELLER: BUYER: PROPERTY: EFFECTIVE DATE: OP&F Indianapolis, LLC City of Carmel Approximately 0.297 acres in fee simple and 0.282 acres as a permanent landscape easement located in Carreel, Hamilton County, Indiana (Parcel 116-1 W) January 6, 2000 Purchase Price: Reimbursement of Sanitary Sewer Engineering Expense (cost to cure item) Buyer's Expense (to be paid outside of closing): Title Search (Land ACQ Consulting) Closing Fee Recording Fee (Hamilton County Recorder $30.00) (Hamilton County Auditor- $1.00) $307.00 0.00 31.00 $101,085.00 600.00 Net Amount Due Seller: Seller hereby accepts the foregoing Closing Statement By: Printed Title 02712rah.doc(mkj) 01/11/00 $101.685.00 Cross Reference to Prior Deed of Record: Instrument No. 97-9742519 in the Hamilton County, Indiana Recorder's Office EASEMENT AGREEMENT (Parcel 116-1 W) This Easement Agreement (this "Agreement") is made and entered into this day of ,1999 by and between OP&F INDIANAPOLIS, LLC, an Indiana limited liability company ("Grantor") and the CITY OF CARMEL, INDIANA ("Grantee"). RECITALS A. Grantor owns certain real property (the "Grantor Parcel") located in Hamilton County, Indiana more particularly described as follows: Part of the Southwest Quarter of Section 35, Township 18 Noah, Range 3 East in Hamilton County, Indiana, being more particularly described as follows: Beginning at the Southeast corner of the said Southwest Quarter Section; thence North 00 degrees 05 minutes 40 seconds West (assumed bearing) along the East line of the said Quarter Section 728.45 feet; thence North 75 degrees 05 minutes 40 seconds West 58.58 feet to a curve having a radius of 117.00 feet, the radius point of which bears North 14 degrees 54 minutes 20 seconds East; thence Northwesterly along the said curve 61.26 feet to a point which bears South 44 degrees 54 minutes 20 seconds West from said radius point; thence North 45 degrees 05 minutes 40 seconds West 287.00 feet; thence South 44 degrees 54 minutes 20 seconds West 145.00 feet; thence South 89 degrees 54 minutes 20 seconds West 172.39 feet to the East right-of-way line of U.S. Highway #31 (the next two (2) described courses being along the said East right- of-way line); thence South 00 degrees 04 minutes 52 seconds East 819.16 feet; thence South 58 degrees 40 minutes 40 seconds East 44.51 feet; thence South 00 degrees 04 minutes 52 seconds East 45.01 feet to the South line of the said Quarter Section; thence North 88 degrees 32 minutes 30 seconds East along the said South line 549.26 feet to the Beginning Point. ALSO: Part of the Southwest Quarter of Section 35, Township 18 North Range 3 East in Hamilton County, Indiana, being more particularly described as follows: Beginning at a point on the East line of the said Southwest Quarter Section North 00 degrees 05 minutes 40 seconds West (assumed bearing) 728.45 feet from the Southeast corner of the said Quarter Section; thence North 00 degrees 05 minutes 40 seconds West along the said East line 538.26 feet; thence South 89 degrees 54 minutes 20 seconds West 80.00 feet; thence North 45 degrees 05 minutes 40 seconds West 275.07 feet; thence South 89 degrees 54 minutes 20 seconds West 47.99 feet; thence North 45 degrees 05 minutes 40 seconds West 267.30 feet; thence South 89 degrees 54 minutes 20 seconds West 75.20 feet to the East limited access right-of-way line of U.S. #31; thence South 00 degrees 04 minutes 52 seconds East along the said East limited access right-of-way line 775.92 feet; thence North 89 degrees 54 minutes 20 seconds East 172.39 feet; thence North 44 degrees 54 ni~utes 20 seconds East 145.00 feet; thence South 45 degrees 05 minutes 40 seconds East 287.00 feet to a curve having a radius of 117.00 feet, the radius point of which bears North 44 degrees 54 minutes 20 seconds East; thence Southeasterly along the said curve 61.26 feet to a point which bears South 14 degrees 54 minutes 20 seconds West from said radius point; thence South 75 degrees 05 minutes 40 seconds East 58.58 feet to the Beginning Point. B. Grantee, in connection with Grantee's improvement and widening of pennsylvania Parkway (the "Project"), requires a permanent landscape easement over a portion of the Grantor Parcel which permanent landscape easement area (herein referred to as the "Permanent Easement Parcel") is more particularly described as Ibllows: A part of the Southwest Quarter of Section 35, Township 18 North, Range 3 East, Hamilton County, Indiana, being that part of the land described in Deed Instrument #9200375 & Deed Instrument #9200376, as recorded in the Office of the Recorder of Hamilton County, Indiana, lying wkhin the proposed permanent easement depicted on the attached Right of Way Parcel Plat of Parcel 116-1W of the City of Carmel Project 97-04, attached hereto and incorporated herein as Exhibit A described as follows: Commencing at the southeast corner of said quarter section; thence South 89 degrees 45 minutes 17 seconds West 25.01 feet along the south line of said quarter section to the prolonged west boundary of Pennsylvania Street; thence North 1 degree 05 minutes 56 seconds East 40.00 feet along said prolonged boundary to the noah boundary of 116th Street; thence South 89 degrees 45 minutes 17 seconds West 13.56 feet along the boundary of said 116th Street to the point designated as point "119" on said Right of Way Parcel Plat and the point of beginning of this description: thence South 89 degrees 45 minutes 17 seconds West boundary to the point designated as point Way Parcel Plat; thence North 1 degrees East 243.93 feet to the point designated Right of Way Parcel Plat; thence Northerly to the left and having a radius of 11,404.16 10.01 feet along said "120" on said Right of 45 minutes 27 seconds as point "112" on said 13 1.09 feet along an arc feet and subtended by a long chord having a bearing of North 1 degree 25 minutes 42 seconds East and a length of 13 1.09 feet to the point designated as point "114" on said Right of Way Parcel Plat; thence Noah 1 degree 05 minutes 56 seconds East 694.14 feet to the point designated as point "116" on said Right of Way Parcel Plat; thence Northerly 158.73 feet along an arc to the left and having a radius of 5,674.58 feet and subtended by a long chord having a bearing of North 0 degrees 17 minutes 51 seconds East and a length of 158.72 fbet to the north line of the owner's land; thence South 88 degrees 54 minutes 04 seconds East 10.00 feet along said north line; thence Southerly 158.73 tbet along an arc to the right and having a radius of 5,684.58 t~et and subtended by a long chord having a bearing of South 0 degrees 17 minutes 56 seconds West and a length of 158.72 feet to the point designated as point "115" on said Right of Way Parcel Plat; thence South 1 degree 05 minutes 56 seconds West 694.14 feet to the point designated as point "113" on said Right of Way Parcel Plat; thence Southerly 13 1.21 feet along an arc to the right and having a radius of 11,414.16 feet and subtended by a long chord having a bearing of South 1 degree 25 minutes 42 seconds West and a length of 13 1.20 l~et to the point designated as point "111" on said Right of Way Parcel Plat; thence South 1 degree 45 minutes 27 seconds West 243.58 feet to the noah boundary of 116th Street and the point of beginning and containing 0.282 acres, more or less. NOW, THEREFOE, in consideration of the foregoing recitals, all of which are incorporated herein by this reference, and of the grants of easements and the mutual promises and covenants set forth herein, the parties hereto agree as follows: 1. Grant of Permanent Easement. Grantor hereby grm~ts and conveys to Grantee an exclusive, perpetual easement over, under, through and across the Permanent Easement Parcel for the purpose of landscaping over, under, across, upon and through the Permanent Easement Parcel for which Grantee shall have the right to: (a) remove any fences, structures, asphalt or concrete paving, curbing or other improvements, bushes and earth berming that exist prior to Grantee's acquisition of such easement; (b) plant trees, bushes (the "Plantings"), grass or sod, and install earth berming; and (c) maintain, remove and replace the Plantings. 2. Temporary Rights Acquired by Grantee. During the term of the Project, Grantor hereby grants and conveys to Grantee the exclusive right to utilize the Permanent Easement Parcel for all purposes related to the construction of the Project, including, but not limited to the storing of Grantee's equipment and the staging of the construction of the Project. Upon the completion of the Project such rights shah terminate. 3. Obligations of Grantee. Grantee shall maintain the Plantings and remove any diseased or dead Plantings from the Permanent Easement Parcel. If, in the course of the construction of the Project, trees which are located on the Permanent Easement Parcel as of the date hereof (the "Trees"), shah be damaged or destroyed, City shall, at City's expense, remove such trees and replace them with trees of the same species and approximate size. Upon completion of the Project the Trees shall be deemed to be Plantings as defined in Section 1 hereof. 4. Rights Retained by Grantor. Grantor shah retain unto itself, and its grantees, heirs, successors and assigns, and others to whom Grantor may grant rights or easements, the right to use the Permanent Easement Parcel for any and all purposes and uses not inconsistent with the foregoing easement acquisition by Grantee, including without limitation the right to install, use, maintain, repair and replace existing driveways and curbing not removed by Grantee as part of the Project. Grantor and its .grantees, heirs, successors and assigns shah retain the right of access over and across the Permanent Easement Parcel to and from the Public Right-of-Way to real estate owned by Grantor adjacent to the Permanent Easement Parcel via Grantor's existing driveway or any future driveway. 5. Obligations of Grantor. Except for any driveway described in Section 4 hereof, Grantor shall keep the Permanent Easement Parcel flee of any fence, structure, asphalt, gravel, plants (other than grass or sod and the Plantings installed by Grantee) concrete or other in~provements. Grantor shah mow and care fbr the grass located within the Permanent Easement Parcel and shall keep the Permanent Easement Parcel flee from debris, weeds and refuse. 6. Easement and Covenants Appurtenant. The easements granted, created and made herein, together with the benefits thereof, shall run with the Grantor Parcel and inure to the benefit of Grantee and its grantees, successors and assigns. The easements granted, created and made herein, together with the burdens thereof; shah run with and bind the Grantor Parcel, and shall bind Grantor and its grantees, successors and assigns. All covenants and agreements of the Grantor and Grantee hereunder, together with the benefits and burdens thereof, shall be deemed to be real covenants which touch and concern the Permanent Easement Parcel and the Grantor Parcel, as applicable, shall run with the Permanent Easement Parcel and the Grantor Parcel and shah inure to the benefit of and be binding upon Grantor and Grantee, as applicable, and their respective grantees, successors and assigns. All covenants and agreements hereunder may be enforced by an action for specific performance, and in the event that a party breaches any such covenant or agreement, the other party may exercise any remedy available hereunder, at law or in equity, and recover from the breaching party all amounts expended in connection with exercising any such remedy (including without limitation, court costs and attorneys fbes). 7. Governin~ Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Indiana. IN WITNESS WHEREOF, Grantor and Grantee have executed this Agreement as of the date first written above. GRANTOR: OP&F Indianapolis, LLC By: Printed: Title: GRANTEE: City of Carmel By: Printed: Joseph C. Staehler Title: Director of Administration STATE OF INDIANA COUNTY OF ) ) ss: ) Before me, a Notary Public in and for said County and State, personally appeared , the of Grantor and who, having been duly sworn, acknowledged the troth and accuracy of the representations made herein and the execution of the foregoing Agreement. Witness my hand and Notarial Seal this My Commission Expires: Co unty o f Re sidence: STATE OF INDIANA COUNTY OF ) ) ss: ) day of ,19 . Notary Public Printed My Commission Expires: County of Residence: Notary Public Printed This instrument was prepared by Robert A. Hicks, Attorney at Law, HALL, RENDER, KILLIAN, HEATH & LYMAN, P.S.C., One American Square, Suite 2000, Box 82064, Indianapolis, Indiana 46282, (317) 633-4884. Return following recording to: Robert A. Hicks, Attorney at Law, HALL, RENDER, KILLIAN, HEATH & LYMAN, P.S.C., One American Square, Suite 2000, Box 82064, Indianapolis, Indiana 46282, (317) 633-4884. 02643mh.doc(mkj) I16-1W(12/01/99) Witness my hand and Notarial Seal this day of ,19 . Before me, a Notary Public in and for said County and State, personally appeared Joseph C. Staehler, the Director of Administration of Grantee, who, having been duly sworn, acknowledged the truth and accuracy of the representations made herein and the execution of the foregoing Agreement for and on behalf of said Grantee. WARRANTY DEED THIS INDENTURE WITNESSETH, That OP&F Indianapolis, LLC, an Indiana limited liability company ("Grantor") CONVEYS AND WARRANTS to City of Carreel ("Grantee"), for the sum often Dollars ($10.00) and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the following described real estate located in Hamilton County, state of Indiana: A part of the Southwest Quarter of Section 35, Township 18 Noah, Range 3 East, Hamilton County, Indiana, being that part of the land described in Deed Instrument #9200375 & Deed Instrument//9200376, as recorded in the Office of the Recorder of Hamilton Coumy, Indiana, lying within the proposed right of way depicted on the attached Right of Way Parcel Plat of Parcel l16-1W of the City of Carmel Project 97-04, attached hereto and incorporated herein as Exhibit A described as follows: Commencing at the southeast comer of said quarter section; thence South 89 degrees 45 minutes 17 seconds West 25.01 feet along the south line of said quarter section to the prolonged west boundary of Pennsylvania Street; thence North 1 degree 05 minutes 56 seconds East 40.00 feet along said prolonged boundary to the north boundary of 116th Street and the point of beginning of this description: South 89 degrees 45 minutes 17 seconds West 13.56 feet along the boundary of said 116th Street to the point designated as point "119" on said Right of Way Parcel Plat; thence North 1 degree 45 minutes 27 seconds East 243.58 feet to the point designated as point "111"; thence Northerly 131.21 feet along an arc to the let't having a radius of 11,414.16 feet and subtended by a long chord having a bearing of North 1 degree 25 minutes 42 seconds East 131.20 feet to the point designated as point "113" on said Right of Way Parcel Plat; thence North 1 degree 05 minutes 56 seconds East 694.14 feet to the point designated as point "115" on said Right of Way Parcel Plat; thence Northerly 158.73 feet along an arc to the left and having a radius of 5,684.58 and subtended by a long chord having a bearing ofNorth 0 degrees 17 ninutes 56 seconds East and a length of 158.72 feet to the north line of the owner's land; thence South 88 degrees 54 minutes 04 seconds East 12.21 feet along said north line to the west boundary of Pennsylvania Street; thence South 1 degree 05 minutes 56 seconds West 1,227.30 feet along the boundary of said Pennsylvania Street to the point of beginning and containing 0.297 acres, more or less. Subject to any and all easements, agreements, restrictions and other matters of record; subject to the lien for real property taxes not delinquent; and subject to rights of way fbr roads and such matters as would be disclosed by an accurate survey and inspection of the real estate. GRANTOR REPRESENTS AND WARRANTS TItAT THIS CONVEYANCE IS NOT SUBJECT TO THE INDIANA GROSS INCOME TAX. The tradersigned person executing this deed on behalf of Grantor represents and certifies that he is a general partner of Grantor and is empowered to execute and deliver this deed; that Grantor has full capacity to convey the real estate described herein; and that all necessary action for the making of such conveyance has been taken and done. IN WITNESS WHEREOF, Grantor has executed this deed this__ day of ,1999. Grantor: OP&F INDIANAPOLIS, LLC Signature: Printed: Title: STATE OF INDIANA COUNTY OF SS: ACKNOWLEDGMENT Before me, a Notary Public in and for said County and State, personally appeared , on behalf of OP&F Indianapolis, LLC, who acknowledged the execution of the foregoing Warranty Deed, and who, having been duly sworn, stated that any representations therein contained are true. Witness my hand and Notarial Seal this__ day of ,1999. My Commission Expires: County of Residence: Notary Public Printed This instrument was prepared by Robert A. Hicks, Attorney at Law, Hall, Render, Killian, Heath & Lyman, P.S.C., One American Square, Suite 2000, Box 82064, Indianapolis, Indiana 46282. Send tax bills to: After recording, return deed to: 02651rah.doc(mkj) 116-1W (11/30/99) ( ) Value Finding (X)Short Form (X)Partial Acquisition () Total Acquisition Type of Property Commercial Indicate: (Residential, Commercial, Bare Land, Farm, Special, Industrial) Location 116 11 and 11711 North Meridian Street. Camel, Indiana ( ) Long Form Page 1 of 19 Project Pennsylvania Street Parcel 116-1W : Owner Aetna Life Insurance Company Phone 860.273.0123 Road Pennsylvania Street Address 242 Trumbull Street, Hartford, Connecticut 06160 County Hamilton Tenant () Property Manager, Lowe Enterprises, Deana Wolfe (317) 580.2430 Contract Buyer ( ) N/A Phone Address N/A Land Areas: Before 18.468 Acres After 18.17 1 Acres Acquisition 0.297 Acres Temp. R/W N/A Provisional R/W 0.282 Acres Abutters Rights N/A CERTIFICATE OF APPRAISER I hereby certify: That I have personally inspected the property herein appraised and that I have personally made a field inspection of the comparable sales relied upon in making said appraisal. The property being appraised and the comparable sales were as represented or referenced within the appraisal. That to the best of my knowledge and belief the statements contained in the appraisal herein set forth are true, and the information upon which the opinions expressed herein are based is correct; subject to the limiting conditions herein set forth. That I understand that such appraisal may be used in connection with the acquisition of right-of-way for a project utilizing federal funds. That such appraisal has been made in conformity with appropriate laws, regulations, policies and procedures applicable to the appraisal of property for such purposes; and that to the best of my knowledge no portion of the value assigned to such property consists of such items which are non-compensable under appropriate established law. That this appraisal assignment may have called for less than would otherwise be required by the specific guidelines of the Uniform Standards of Professional Appraisal Practices (USPAP), but is not so limited in scope that it may tend to mislead the users of the report, or the public. That neither my employment nor my compensation for making this appraisal and report are in any way contingent upon the values reported herein. That any decrease or increase in the fair market value of real property prior to the date of valuation caused by the public improvement for which said property is acquired, or by the likelihood that the property would be acquired for such improvement, other than that due to physical deterioration within the reasonable control of the owner, was disregarded in determining the compensation for the property. That I have no direct or indirect present or contemplated future personal interest in such property or in any way benefit from the acquisition of such property appraised. That the owner or a designated representative was afforded the opportunity to accompany me on the property inspection. That I have not revealed the findings and results of such appraisal to anyone other than the proper officials of the Acquiring Agency or officials of the Federal Highway Administration and I will not do so until authorized by said officials or until I am required to do so by due process of law, or until I am relea~.~d from this obligation by having publicly testified as to such findings. That I have not given consideration, or included in my appraisal, any allowance for relocation assistance benefits. That no one provided significant professional assistance to the person signing this report with the exception of those signing below. That my opinion of fair market value for the property to be acquired and residue damage, if any, as of the 22nd day of February 1999 . which is the effective date of this appraisal is $ 159.670.00 based upon my independent appraisal and the exercise of my professional judgment. SUMMARY BEFORE VALUE, (Observed) $ 35,000,000.00 AFTER VALUE (Observed} $ 34,840,330.00 Land Taken $ 71,280.00 Land Improvements $ 29,850.00 ..' Improvements $ '0- Cost-to-Cure $ 24,700.00 Damages $ -0- Temp. - Prov. R/W $ 33,840.00 TOTAL DUE OWNER $ 159,670.00 Form 25008 (Rev. 6/94) PRIMARY APPRAISER~D S Signature . e/0~,/c Name Typed L. Scott Anderson Appraisal License # CG69 100542 Broker # IB58709 107 Date: 3- 4- q ct Name Typed Brian C. Reskd Appraisal License # CG494 0189 Broker # IB2930007~~ Date: ~ Signature Name Typed Appraisal License # Broker # Date: CLOSING STATEMENT SELLERS: Paul E. Reifeis and Elizabeth Barney Reifeis, husband and wife BUYER: City of Carmel PROPERTY: Approximately 0.340 acres in fee simple, 0.075 acres as a permanent landscape easement, and 0.018 acres for a temporary construction easement located in Carreel, Hamilton County, Indiana EFFECTIVE DATE: january 6, 2000 Purchase Price: $98,690.00 Buyer's Expense (to be paid outside of closing): Title Search (Land ACQ Consulting) Closing Fee Recording Fee (Hamilton County Recorder- $40.00) (Hamilton County Auditor - $1.00) $307.00 0.00 41.00 Net Amount Due Seller: $ 98,690.00 SELLERS Paul E. Reifeis Social Security No. 306-52-4588 Elizabeth Barney Reifeis Social Security No. 306-78-2574 02711 rah.doc(n~cj) 01/20/00 APPRAISAL REPORT (') Value Finding (X) Short Form (X)Partial Acquisition ( ) Total Acquisition Type of Property Commercial lndicate:(Residential, Commercial, Bareland, Farm. Special, Industrial) Location Approx. 12300 North Pennsylvania Street, Carmel, IN 46032 Owner Paul E. Reifeis and Elizabeth Barney Reifeis Address 11939 North Meridian Street, Carmel, IN 46032 Tenant ( ) Contract Buyer ( ) N/A Address N/A ( ) Long Form Page 1 of 7 Project Pennsylvania Street Parcel 116-4W Road No. Pennsylvania Street County Hamilton Phone N/A Land Areas: Before 3.677 +/- AC (Net) Temp. R/W 0.018 AC After 3.337 +/- AC (Net~ Permanent Ease. 0.075 AC Acquisition 0,340 AC Abutters Rights No CERTIFICATE OF APPRAISER I hereby certify: That I have personally inspected the property herein appraised and that I have personally made a field inspection of the comparable sales relied upon in making said appraisal. The property being appraised and the comparable sales were as represented or referenced within the appraisal. That to the best of my knowledge and belief the statements contained in the appraisal herein set forth are true, and the information upon which the opinions expressed herein are based is correct; subject to the limiting conditions herein set forth. That I understand that sucl~ appraisal is not to be used in connection with the acquisition of right-of-way for a project utilizing federal funds. That such appraisal has been made in conformity with appropriate laws, regulations, policies and procedures applicable to the appraisal of property for such purposes; and that to the best of my knowledge no portion of the value assigned to such property consists of such items which are noncompensable under appropriate established law. That this appraisal assignment may have called for less than would otherwise be required by the specific guidelines of the Uniform Standards of Professional Appraisal Practices (USPAP), but is not so limited in scope that it may tend to mislead the users of the report, or the public. That neither my employment nor my compensation for making this appraisal and report are in any way contingent upon the values reported herein. That any decrease or increase in the fair market value of real property prior to the date of valuation caused by the public improvement for which said property is acquired, or by the likelihood that the property would be acquired for such improvement, other than that due to physical deterioration within the reasonable control of the owner, was disregarded in determining the compensation for the property. That I have no direct or indirect present or contemplated future personal interest in such property or in any way benefit from the acquisition of such property appraised. That I have not revealed the findings and results of such appraisal to anyone other than the proper officials of the Acquiring Agency and 1 will not do so until authorized by said officials or until ! am required to do so by due process of law, or until I am released from this obligation by having publicly testified as to such findings. That I have not given consideration, or included in my appraisal, any allowance for relocation assistance benefits. That no one provided professional assistance to the person signing this report with the exception of those signing below. That my opinion of fair market value for the property to be acquired and residue damage. if any, as of the 19th day of April, 1999, which is the effective date of this appraisal is $ 93,690 based upon my independent appraisal and the exercise of my professional judgment. SUMMARY PRIMARY AI~~F~ BEFORE VALUE $ N/A Signature · 5 Name Typed Robert N. Sanders' Appraisal License # CG69200986 Broker #' IB58705337 Date: (,- "?'ft AFTER VALUE $ N/A Land Taken Land Improvements Improvements Cost-To-Cure Landscape Easement Temporary Easement TOTAL DUE OWNER Form 25008 (Rev. 6~94) $ 83.300 $ -0- $ -0- $ -0- $ 9.190 $ 1,200 93,690 ASSISTED BY Signature Name Typed Appraisal License # Broker # Signature Name Typed Appraisal License # Broker # Date: REAL ESTATE PURCHASE AGREEMENT This Real Estate Purchase Agreement ("Agreement") is made this day of January, 2000 by and between the City of Carmel ("City") and Paul E. Reifeis and Elizabeth Barney Reifeis, husband and wife: Recitals WHEREAS, City is undertaking the extension, widening and improvement of Pennsylvania Street (herein the "Project"); and WHEREAS, in furtherance of the Project, City needs to acquire from Seller, the fee simple title to approximately 0.340 acres of real estate described on Exhibit A attached hereto and incorporated herein, and WHEREAS, in furtherance of the Project, City needs to acquire from Seller, a permanent landscape easement from Seller for approximately 0.075 acres, and a temporary easement from Seller for approximately 0.018 areas, all on the terms and conditions set forth in the form of Easement Agreement attached hereto and incorporated herein as Exhibit B, and WHEREAS, City has the power to acquire the above-described property pursuant to the Indiana laws of eminent domain, and WHEREAS, Seller has requested that City approve a curb cut on Pennsylvania Street oriented where the proposed center median is absent as depicted on the engineering plans for the Project; and WHEREAS, Seller has also requested that City alter the engineering plans for the Project by adding a median taper to accommodate left turns into Seller's property (at the location of the aforementioned curb cut) for vehicular traffic traveling in a northbound direction on Pennsylvania Street; and WHEREAS, although City is generally supportive of curb cuts that are oriented where a center-of-the-road median is absent, and is generally supportive of such a median taper when the volume of traffic entering a site is substantial, City cannot prospectively approve Seller's requested curb cut or median taper due to the fact that such curb cut and median taper must first be approved by the City's Board of Works after Seller has submitted to the Board of Works a Site and Development Plan which depicts a use of Seller's property that justifies such curb cut and median taper. NOW, THEREFORE, in consideration of the foregoing Recitals, the following mutual covenants and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged; the parties agree as follows: 1. Purchase Price. For the real estate described in Exhibits A and B (the "Property"), the City agrees to pay the sum of Ninety-Eight Thousand Six Hundred Ninety and 00/100 Dollars ($98,690.00) (the "Purchase Price"). The Purchase Price shall be paid by City to Seller at the "Closing" (as defined below) in cash or other immediately available funds. 2. Title to Property. The Property shall be sold and conveyed to City free and clear of any and all liens and encumbrances except the following (the "Permitted Exceptions"): (a) Real Estate Taxes: Current real estate taxes not delinquent; and (b) Other Title Exceptions: easements and rights of way as shown in that Title and Encumbrance Report prepared by Land Acq Consulting, a copy of which is attached hereto and incorporated herein as Exhibit C and such other matters of record that would not render title in and to the Property unmarketable. 3. Closing. The transaction contemplated hereby shall be closed within ten (10) days following the partial release of the mortgages encumbering the Property identified in Exhibit C (the "Closing"). At the Closing, Seller shall deliver to City the following documents against simultaneous delivery of the consideration described in Paragraph 1: A properly executed warranty deed in the form of Exhibit A; (b) A properly executed Easement Agreement in the form of Exhibit B conveying the landscape easement described therein; and (C) A certificate of non-foreign status with respect to Seller as required by Section 1445 of the Internal Revenue Code. At the Closing, City shall deliver to Seller the Purchase Price and such instruments, documents and considerations as Seller or its counsel may reasonably deem necessary or appropriate to consummate the transaction contemplated hereby. 4. Taxes and Assessments. Seller shall pay, or cause to be paid, on or before Closing, all property taxes and assessments, whether special or otherwise, relating to the Property described in Exhibit A and which are due and payable on or before the Closing. Following the Closing, Seller shall pay, or cause to be paid, all real estate taxes and assessments, whether special or otherwise, relating to the Property described in Exhibit A assessed for and becoming a lien during the calendar year in which the Closing occurs. Thereafter, pursuant to Section I.C. 6- 1.1-4-14 the Property described in Exhibit A will not be assessed to Seller because it is within the right-of-way of Pennsylvania Street. 5. Possession/Right of Entry. From and after the date hereof, City shall have, and Seller hereby grants to City and its agents, the right to enter upon any of the Property, including without limitation, for the purpose of constructing the Project. 6. Entire Agreement; Written Modifications; Survival of Representations, Warranties and Agreements. This Agreement contains the entire agreement between Seller and' City with respect to the subject matter hereof. All representations, promises and prior or contemporaneous understandings between the parties are merged into and expressed in this Agreement, and any and all prior agreements between the parties are hereby canceled. This Agreement shall not be amended, modified or supplemented without the written agreement of Seller and City at the time of such amendment, modification or supplement. All representations, warranties and agreements made herein shall be merged by the delivery of the deed by Seller to City. , 7. Default. In the event of a default on the part of Seller hereunder, City may exercise any or all of the rights and remedies to which it may be entitled at law or in equity, including without limitation, the remedy of specific performance. In the event of a default on the part of City under this Agreement, Seller may exercise any or all of the rights and remedies to which it may be entitled at law or in equity, including without limitation, the remedy of specific performance. 8. Expenses; Brokerage. Except as herein specifically provided in this Agreement, Seller and City shall each bear its own expenses incurred in connection herewith, and neither shall be liable to the other for any of such expenses, whether or not the transaction contemplated hereby is consummated. Each of the parties covenants that it has not employed or used any broker, finder or agent in connection herewith or with the transaction contemplated hereby. Each party agrees to defend, indemnify and hold the other harmless from and against any damage, loss, liability, claim, expense, cost or fee suffered or incurred by such indemnified party arising out of any breach or misrepresentation under this paragraph 8. 9. Authority of Undersigned. The undersigned persons executing this Agreement on behalf of Seller or City, respectively, each represents and certifies that he or she is duly authorized and is fully empowered to execute and deliver this Agreement or the acceptance thereof to the other party hereto. 10. Counterparts. This Agreement may be executed in separate counterparts, each which when so executed shall be an original, but all of such counterparts shall together constitute but one and the same instrument. 11. Attorneys' Fees. In addition to any other right or remedy granted hereunder each party shall be entitled to recover from the other (the "defaulting party") reasonable attorneys' fees and court costs incurred by such party in connection with the enforcement of its rights and remedies hereunder resulting from the default or breach of the defaulting party. IN WITNESS WHEREOF, the undersigned City and Seller have duly executed and delivered this Agreement as of the day and year first above written. Seller: City: Paul E. Reifeis Elizabeth Barney Reifeis By: Printed: Title: Joseph C. Staehler Director of Administration 0266 ! RAH 01/03/00 3 EXHIBIT "A" Warranty Deed WARRANTY DEED' THIS INDENTURE 'WITNESSETH, That Paul E. Reifeis and Elizabeth Barney Reifeis, husband and wife ("Grantor") CONVEYS AND WARRANTS to City of Carmel ("Grantee"), for the sum often Dollars ($10.00) and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the following described real estate located in Hamilton County, state of Indiana: A part of the Northwest Quarter of section 35, Township 18 North, Range 3 East, Hamilton County, Indiana, being .that part of the land described in Deed Record 350, page 720, as recorded in the Office of the Recorder of Hamilton County, Indiana, lying within the proposed right of way depicted on the attached Right of Way Parcel Plat of Parcel 116-4W of the City of Carmel Project 97-04, described as follows: Commencing at the southeast corner of said quarter section; thence North 1 degree 02 minutes 41 seconds East 660.00 feet along the east line of said quarter section to the southeast comer of the owners' land; thence South 89 degrees 57 minutes 26 seconds West 15.75 feet along said the south line of the owners' land to the west boundary of Pennsylvania Street and the point of beginning of this description: thence South 89 degrees 57 minutes 26 seconds West 45.26 feet along the said south line; thence North 1 degree 02 minutes 41 seconds East 327.00 feet to the noah line of the owners' land; thence noah 89 degrees 57 minutes 26 seconds East 45.26 feet along said north line to the west boundary of said Pennsylvania Street; thence South 1 degree 02 minutes 41 seconds West along the west boundary of said Pennsylvania Street to the point of begixming and containing 0.340 acres, more or less. Subject to any and all easements, agreements, restrictions and other matters of record; subject to the lien for real property taxes not delinquent; and subject to rights of way for roads and such matters as would be disclosed by an accurate survey and inspection of the real estate. IN WITNESS WHEREOF, Grantor has executed this deed this __ day of ,2000. Grantor: Paul E. Reifeis and Elizabeth Barney Reifeis Paul E. Reifeis ~ Elizabeth Barney Reifeis STATE OF INDIANA COUNTY OF SS: ACKNOWLEDGMENT Before me, a Notary Public in and for said County and State, personally appeared Paul E. Reifeis and Elizabeth Barney Reifeis, husband and wife, who acknowledged the execution of the foregoing Warranty Deed, and who, having been duly sworn, stated that any representations therein contained are true. Witness my hand and Notarial Seal this__ day of ,2000. My Commission Expires: County of Residence: Notary Public Printed This instrument was prepared by Robert A. Hicks, Attorney at Law, Hall, Render, Killian, Heath & 'Lyman, P.S.C., One American Square, Suite 2000, Box 82064, Indianapolis, Indiana 46282. Send tax bills to: After recording, return deed to: 02662RAH 01/03/00 e® EXHIBIT "B" Easement Agreement Cross Reference to Prior Deed of Record: Deed Record 350, page 720 in the Hamilton County, Indiana Recorder's' Office EASEMENT AGREEMENT This Easement Agreement (this ~'Agreement") is made and enteredinto this day of ,2000 by and between Paul E. Reifeis and Elizabeth Barney Reifeis, ~ husband and wife ("Grantor") and the CITY OF CARMEL; INDIANA ("Grantee"). RECITALS A. Gran.tor owns certain real property (the "Grantor Parcel") located in Hamilton County, Indiana more particularly described as follows: A part of the Noahwest Quarter of Section 35, Township 18 Noah, Range 3 East, described as follows: BEGIN at a point 660 feet north of the southeast corner of Noahwest Quarter of Section 35, Township 18 Noah, Range 3 East; thence west parallel with south line of said Noahwest Quarter 622.0 feet to center of U.S. State Road No. 31, thence noaheasterly along center of said State Road to a point 327.0 feet north and 442.0 feet west of place of beginning; thence east parallel with south line of said Northwest Quarter 442.2 feet to intersection of east line of said Northwest Quarter, thence south 327.0 feet to the place of beginning. B. Grantee, in connection with Grantee's improvement and widening of Pennsylvania Parkway (the "Project"), requires a permanent landscape easement over a portion of the Grantor Parcel which permanent landscape easement area (herein referred to as the "Permanent Easement Parcel") is more particularly described as follows: A part of the Northwest Quarter of Section 35, Township 18 Noah, Range 3 East, Hamilton County, Indiana, being that part of the land described in Deed Record 350, page 720, as recorded in the Office of the Recorder of Hamilton County, Indiana lying within the proposed permanent easement depicted on the attached Right of Way Parcel Plat of Parcel 116-4W of the City of Carmel Project 97-04, described as follows: Commencing at the southeast comer of said quarter section; thence North 1 degree 02 minutes 41 seconds East 660.00 feet along the east line of said quarter section to the southeast comer of the owners' land; thence South 89 degrees 57 minutes 26 seconds West 61.01 feet along the south line of the owners' land to the point of beginning of this description: thence South 89 degrees 57 minutes 26 seconds West !0.00 along said south line; thence North 1 degree 02 minutes 41 seconds East 327.00 feet to the north line of the owners' land; thence Noah 89 degrees 57 minutes 26 seconds East 10.00 feet along said noah line; thence South 1 degree 02 minutes 41 seconds West 327.00 feet to the point of beginning and containing 0.075 acres, more or less. C. Grantee also requires a temporary easement for the duration of the Project for purposes of constructing that portion of the Project located upon the Grantor Parcel. Such temporary easement area (herein referred to as the "Temporary Easement Parcel") is more particularly described as follows: A part of the Northwest Quarter of Section 35, Township 18 North, Range 3 East, Hamilton County, Indiana, being that part of the land described in Deed Record 350, page 720, as recorded in the Office of the Recorder of Hamilton County, Indiana lying within the proposed temporary easement depicted on the attached Right of Way Parcel Plat of Parcel 116-4W of the City of Carreel Project 97-04, described as follows: Commencing at the southeast corner of said quarter section; thence North 1 degree 02 minutes 41 seconds East 660.00 feet along the east line of said quarter section to the southeast comer of the owners' land; thence South 89 degrees 57 minutes 26 seconds West 71.01 feet along the south line of the owners' land .to the point of beginning of this description: thence South 89 degrees 57 minutes 26 seconds West 10.00 'along said south line; thence North 1 degree 02 minutes 41 seconds East 76.57 feet; thence South 88 degrees 57 minutes 19 seconds East 10.00 feet; thence South 1 degree 02 minutes 41 seconds West 76.38 feet to the point of beginning and containing 0.018 acres, more or less NOW, THEREFORE, in consideration of the foregoing recitals, all of which are incorporated herein by this reference, and of the grants of easements and the mutual promises and covenants set forth herein, the parties hereto agree as follows: 1. Grant of Permanent Easement. Grantor hereby grants and conveys to Grantee an exclusive, perpetual easement over, under, through and across the Permanent Easement Parcel for the purpose of landscaping over, under, across, upon and through the Permanent Easement Parcel for which Grantee shall have the right to: (a) remove any fences, structures, asphalt or concrete paving, curbing or other improvements, bushes and earth berming that exist prior to Grantee's acquisition of such easement; (b) plant trees, bushes (the "Plantings"), grass or sod, and install earth herruing; and (c) maintain, remove and replace the Plantings. 2. Temporary Rights Acquired by Grantee. During the term of the Project, Grantor hereby grants and conveys to Grantee the exclusive right to utilize the Permanent Easement Parcel and the Temporary Easement Parcel for all purposes related to the construction of the Project, including, but not limited to the storing of Grantee's equipment and the staging of the construction of the Project. Upon the completion of the Project such temporary easement shall terminate and Grantee shall return the Temporary Easement Parcel to Grantor in substantially the same condition as existed prior to the commencement of the Project. .. 3. Obligations of Grantee. Grantee shall maintain the Plantings and remove any diseased or dead Plantings from the Permanent Easement Parcel. 4. Rights Retained by Grantor. Grantor shall retain unto itself, and its grantees, heirs, successors and assigns,' m~d others to whom Grantor may grant rights or easements, the right to use the Permanent Easement Parcel for any and all purposes and uses not inconsistent with the foregoing easement acquisition by Grantee, including without limitation the right to install, use, maintain, repair and replace existing driveways and curbing not removed by Grantee as part of the Project. Grantor and its grantees, heirs, successors and assigns shall retain the right of access over and across the Permanent Easement Parcel to and from the Public Right-of-Way to real estate" owned by Grantor adjacent to the Permanent Easement Parcel via Grantor's existing driveway or any future driveway. 5. Obligations of Grantor. Except for any driveway described in Section 4 hereof, Grantor shall keep the Permanent Easement Parcel free of any fence, structure, asphalt, gravel, plants (other than grass or sod and the Plantings installed by Grantee) concrete or other improvements. 6. Easement and Covenants Appurtenant. The easements granted, created and made herein, together with the benefits thereof, shall run with the Grantor Parcel and inure to the benefit of Grantee and its grantees, successors and assigns. The easements granted, created and made herein, together with the burdens thereof, shall run with and bind the Grantor Parcel, and shall bind Grantor and its grantees, successors and assigns. All covenants and agreements of the Grantor and Grantee hereunder, together with the benefits and burdens thereof, shall be deemed to be real covenants which touch and concern the Permanent Easement Parcel, the Grantor Parcel and the Temporary Easement Parcel, as applicable, shall run with the Permanent Easement Parcel, the Grantor Parcel and the Temporary Easement Parcel, and shall inure to the benefit of e, and be binding upon Grantor and Grantee, as applicable, and their respective grantees, successors and assigns. All covenants and agreements hereunder may be enforced by an action for specific performance, and in the event that a party breaches any such covenant or agreement, the other ', party may exercise any remedy available hereunder, at law or in equity, and recover from the breaching party all amounts expended in connection with exercising any such remedy (includir~g without limitation, court costs and attorneys' fees). 7. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Indiana. IN WITNESS WHEREOF, Grantor and Grantee have executed this Agreement as of the date first written above. GRANTOR: GRANTEE: City of Carmel Paul E. Reifeis By: Printed: Joseph C. Staehler Title: Director of Administration Elizabeth Barney Reifeis STATE OF INDIANA COUNTY OF ) ) ss: ) Before me, a Notary Public in and for said County and State, personally appeared Paul E. Reifeis and Elizabeth Barney Reifeis, husband and wife, who, having been duly sworn, acknowledged the truth and accuracy of the representations made herein and the execution of the foregoing Agreement. Witness my hana and Notarial Seal this day of ,2O0O. My Commission Expires: County of Residence: Notary Public Printed STATE OF ) ) ss: COUNTY OF ) Before me, a Notary Public in and for said County and State, personally appeared Joseph C. Staehler, the Director of Administration of Grantee, who, having been duly sworn, acknowledged the truth and accuracy of the representations made herein and the execution of the foregoing Agreement for and on behalf of said Grantee. Witness my hand and Notarial Seal this day of · 2000. My Commission Expires: County of Residence: .Notary Public Printed This instrument was prepared by Robert A. Hicks, Attomey at Law, HALL, RENDER, KILLIAN, HEATH & LYMAN, P.S.C., One American Square, Suite 2000, Box 82064, Indianapolis, Indiana 46282, (317) 633-4884. Return following recording to: Robert A. Hicks, Attorney at Law, HALL, RENDER, KILLIAN, HEATH & LYMAN, P.S.C., One American Square, Suite 2000, Box 82064, Indianapolis, Indiana 46282, (317) 633-4884. 02663RAH 0 1103100 Project: 97-04 Parcel 116-4W Sheet 1 of 3 A par't of the Northwest Quarter of Section 35, Township 18 North, Range 3 East, Hamilton County, Indiana~ being that part of the land described in Deed Record 350, page'720, as recorded in the Office of the Recorder of Hamilton County, Indiana, lying within the proposed right of way depicted on th~ attached Right of Way Parcel Plat of Parcel 11614W of the City of Carmet Project 97-04, described as follows: Commencing at the southeast corner of said quarter section; thence North 1 degree 02 'minutes 41 seconds East 660.00 feet along the east line of said quarter section to the southeast corner of the owners' land; thence South 89 degrees 57 minutes 26 seconds West 15.75 feet along said the south line of the owners' land to the west boundary of Pennsylvania Street and the point,of beginning of this description: thence South 89 degrees 57 minutes 26 seconds West 45.26 feet along the said south line; thence North 1 degree 02 minutes 41 seconds East 327.00 feet to the north line of the owners' land; thence North 89 degrees 57 minutes 26 seconds East 45.26 feet along said north line to the west boundary of said Pennsylvania Street; thence South 1 degree 02 minutes 41 seconds West along the west boundary of said Pennsylvania Street to the point of beginning and containing 0.340 acres, more or less. Given under my hand and seal ~~/9~ Jeffrey A. ~.~yers Reg'i:.~tered .Land Surveyor No. LS29300001, State of Indiana LEGAL DESCRIPTION Project: 97-04 Permanent Easement Parcel 116-4W Sheet 2 of 3 A part of the Northwest Quarter of Section 35, Township 18 North, Range 3 East, Hamilton County, indiana, being that part of *'~.' land de ~.~ ~ scribed in Deed Record 350, page 720, as.recorded in the Office of 'the Recorder of HLn~ilton County, Indiana lying within the proposed permanent easement depicted on the attached Right of Way Parcel Plat of Parcel 116-4W of the City of Carmel Project 97-04, described as follows: Conmencing at' the southeast corner of said quarter section; thence North 1 degree 02 minutes 41 seconds East 660.00 feet along the east line of said quarter section to the s~utheast corner of the owners' land; thence South 89 degrees 57 minutes 26 seconds West 61.01 feet along the south line of the owners' land to the point of beginning of this description: thence South 89 degrees 57 minutes 26 seconds West 10.00 along said south line; thence North 1 degree 02 minutes 41 seconds East 327.00 feet to 'the north line of the owners' land; thence North 89 degrees 57 minutes 26 seconds East 10.00 feet along said north line; thence South 1 degree 02 minutes 41 seconds West 327.00 feet to the point of beginning and containing 0.075 acres, more or less. Given under my hand and seal Z/~3/~ ~effrey A. Myers Registered Land Surveyor No. LS29300001, State of Indiana LEGAL DESCRIPTION Project: 97-04 Temporary Easement Parcel 1i6-4W Sheet 3 of 3 A part of the Northwest Quarter of section 35, Township 18 North, Range 3 East, Hamilton County, Indiana, being that part of the land described in Deed Record 350, page 720, as recorded in. tl{e Office of the Recorder of Hamilton County, Indiana lying within the proposed temporary'easement depicted on the attached Right of Way Parcel Plat of Parcel i16-4W of the City of Carmel Project 97-04, described as follows: Conm~encing at the southeast corner of said quarter section; thence North 1 degree 02 minutes 41 seconds East 660.00 feet.along the east. line of said quarter · section to the southeast corner of the owners' land; thence South 89 degrees 57 minutes 26 seconds West 71.01 feet along the south line of the owners' land to the point of beginning of this description: thence South 89 degrees 57 minutes 26 seconds West 10.00 along said south line; thence North 1 degree 02 minutes 41 seconds East 76.57 feet; thence South 88 degrees 57 minutes 19 seconds East 10.00 feet; thence South i degree 02 minutes 41 seconds West 76.38 feet to the point of beginning and containing 0.018 acres, more or less. Given under my hand and seal Jeffrey A. Myers Registered Land Surveyor No. LS29300001, State of Indiana LEGAL DESCRIPTION I I 'i RESIUUE A \ " ,\ \ :.' , II'..'SET ,I SCAi.E 1" =: 100' '1 dOO 0 < O0 SO0 EXHIBIT "A" RIGHT-OF-WAY PARCEL PLAT Ld POINT NORTH EAST STAI'tOlt J. I 14595.57 5290.60 20<)+,54.96 . 'A' J 2 17217.14 5338.41 226,117.19 [ 3 14595.55 5274.60 200+F, 4.66 I 0.00 'A' ",,, 18702.20 s~,~.o, 2r~,'~i.,"~'j o.oo 'A' 127 145gG.41 .5229.60 2CX3-t,S4.70 t-45.00 'A" 12e, 14598.60 5219.GI 2OO.tGA-.71 :.:c~!c.' I"= 40''~' , ....,='LEE,~,,.~~'.-~.~'~! a~;;.:'.~J~:~ '~' NORTli N~D EAST COORDINATES Af,.E OVE:R STAII0:~S N'ID OFFt,F/S (-) It;DICATES OFFS.L'r LEFT OF CEN'[[RLINE SURVEY;j:R STATEMENT '[o the !.,est of my I,.nowledqe and belief, this plot. tog,::ther · viith the. 'LocQtion Control P:oute .Survey Plot" recorded as Docurr, ert Number in the Office of the Recorder of County. Indicr, a (i:',corpo:'oled and mode o part hereof by reference) cornpri~:~ a Route Survc. y executed in accordance with indiana ~ ~e .,. Administrctivu Code 865 IAC 1-12. ("Rule 12"). __ . ,~:. ~. E.;;7~':::~ TEMPORARY ~SEMENT Jeffrey A. Myers LS2930000 ~_,~, .... ,, , ............ ,, ................ O'tiNEI~: R:EIFEIS, PAUL E. E'r UX DRAWN BY: R.H. MORGAN 12/15/97 PARCEL: I 16-4W CHECKED BY: D.A. HUGlIES 12/17/97 PROJECT: 97-04 ROAD': F'ENNSYLVANIA ST. ,~:EE6 RECORD 350, PA~ 72% COUNt': i~,MILTON . (WARgN~ DEED) SECTIOfP: '~5 TC.V'iNSH:P: .18 N R..,HGE: 3 EAST Dimensions shown ure from the ubove listed