157500 03/19/2008 CITY OF CARMEL, INDIANA VENDOR: 356690 Page 1 of 1
ONE CIVIC SQUARE C DEAN HARRILL DOTTIE HARRILL
CARMEL, INDIANA 46032 3057 SUGAR MAPLE COURT CHECK AMOUNT: $8,000.00
CARMEL IN 46033 CHECK NUMBER: 157500
CHECK DATE: 3/19/2008
DEPARTMENT' ACCOUNT PO NUMBER INVOICE NUMBER AMOUNT DESCRIPTION
902 4460814 8,000.00 STREET DEPT FACILITY
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i
PURCHASE AGREEMENTCr
This Purchase Agreement (the "Agreement entered into by and between 251, LLC (the "Seller
and The City of Carmel Redevelopment Commission (the "Purchaser this day of June, 2005,
WITNESSES: G. f l_ r.-/65
1. Conveyance. Subject to terms and conditions of this Agreement, Purchaser shall purchase from
Seller, and Seller shall convey to Purchaser, certain real estate owned by Seller and located at 2512 nd Street
SW and 2612 nd Street SW, which real estate is depicted on Exhibit A (collectively, the "Parcel together with
and including all of Seller's right, title, and interest in and to: (a) all buildings and improvements located on
the Parcel (the "Improvements and (b) all rights, interests, privileges, and easements in any way
appertaining to the foregoing, or used in connection therewith (the "Rights The Parcel, the
Improvements, and the Rights, collectively, are the "Property
2. Purchase Price. The purchase price forthe Property shall be $990,000.00 (the "Purchase Price
3. Earnest Money. Within five business days afterthe date hereof (the "Execution Date Purchaser
shall deposit $8,000.00 (the "Earnest Money with Hamilton Title Security, LLC (the "Title Insurer
Purchaser shall forfeit the Earnest Money to Seller if: (a) Seller has performed all of its obligations
hereunder (including, without limitation, its obligations under Subsections 8(a) and 8(c)); and
(b) Purchaser fails or refuses to perform its obligations hereunder, despite the fact that all conditions of
the performance of Purchaser have been satisfied or waived by Purchaser in writing. Such forfeiture of
the Earnest Money shall: (a) constitute liquidated damages; and (b) be the sole remedy of Seller at law
or in equity. The Earnest Money otherwise shall be paid, forfeited, refunded, or applied in accordance
with the terms and conditions of this Agreement. All interest earned on the Earnest Money shall be added
to, and deemed to be part of, the Earnest Money.
4. Closing. Subject to the terms and conditions of this Agreement, the transaction contemplated
herein (the "Transaction shall be closed and the Land Sale Contract (as defined in Subsection 6(a)) shall
be executed and delivered on J my 15, 2005, or such other date agreed upon by Purchaser and Seller (the
"Closing Date The closing shall take place either at the office of the Title Insurer, or at such other place
as Purchaser and Seller mutually may agree. At the closing, Purchaser shall pay to Seller a portion of
the Purchase Price equal to: (a) $100,000; plus (b) an amount equal to: (i) $8,000; multiplied by (ii) the
number of times that the first day of a calendar month occurs during the period beginning on (and
including) June 1, 2005, and ending on the Closing Date; which portion of the Purchase Price shall be:
(a) paid in cash or by wire transfer; and (b) reduced by: (i) the Earnest Money; and (ii) any reductions,
credits, or prorations for which this Agreement provides. The remainder of the Purchase Price shall be
paid in accordance with the terms and conditions of the Land Sale Contract. At the closing, Purchaser
shall reimburse Seller for the amount of the premiums paid by Seller to maintain insurance for the
Property for the period beginning on June 1, 2005, and ending on the Closing Date; provided that, in no
event shall Purc' codlcr nnv amounts paid for such premiums in excess
of $1,500.00.
5. Posses.- C l 0 'perty to Purchaser on the Closing Date,
free and clear c N possession, use, or occupancy of the
Property. Prior late all: (i) leases, licenses, and other
agreements cur 3 L use, or occupancy of the Property (the
"Leases (ii) s ct to the ownership or operation of the
Property (the d leasing contracts or agreements with
respect to the F dazrt (the "Management Contracts (b) pay
all amounts due v 7 e Service Contracts and the Management
Contracts (the r 1 of personal property from the Property.
Prior to closing, l ;sor, the furnace, and any woodwork from
the Property. /o
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�escfloed by State Board of Accounts ACCOUNTS PAYABLE VOUCHER City Form No. 201 (Rev. 1995)
CITY OF CARMEL
An invoice or bill to be properly itemized must show: kind of service, where performed, dates service rendered, by
whom, rates per day, number of hours, rate per hour, number of units, price per unit, etc.
f n Payee
cry Del%_ �e f}t a I- ti Purchase Order No.
M4.a Terms
TM '(6 1 33 Date Due
Invoice Invoice Description Amount
Date Number (or note attached invoice(s) or bill(s))
3 /1 9 /0 7 1 000 00
Total 8 000. 00
I hereby certify that the attached invoice(s), or bill(s), is (are) true and correct and I have audited same in accordance
with IC 5- 11- 10 -1.6.
20
Clerk- Treasurer
VOUCHER NO. WARRANT NO.
ALLOWED 20
IN SUM OF
M4,e U
TA)
o00
ON ACCOUNT OF TION FOR
0 F'
q Z 9g "Y
Board Members
PO# or INVOICE NO. ACCT #!TITLE AMOUNT
DEPT. I hereby certify that the attached invoice(s), or
c 4 q(.0 y ove bill(s) is (are) true and correct and that the
materials or services itemized thereon for
which charge is made were ordered and
received except
20 D
Signature
k r m
Cost distribution ledger classification if Title
claim paid motor vehicle highway fund