West Park - Riley, CharlesCLOSING AGREEMENT - RESIDENTIAL
(IN PROVED PROPERTY)
Date: April 18, 2003
I. BUYER: Carmel -Clay Board of Parks and Recreation of Hamilton County, Indiana
("Buyer"), agrees to buy the following property from Charles C. Riley and Tina 1 Riley
("Seller") pursuant to the Right of First Refusal to Purchase Real Estate dated January 16,
1998, attached hereto as Exhibit "A" (the "First Right"), for the consideration provided
below and subject to the terms, provisions, and conditions set forth herein.
2. PROPERTY: The property ("Property") is known as 2648 W. 116`s Street in Hamilton
County, Carmel, Indiana, more particularly described as set forth in Exhibit "B" attached
hereto, together with any existing permanent improvements and fixtures attached (unless
leased), such as, but not limited to, electrical and/or gas fixtures, furnace and heating
equipment, all built-in cabinetry, r ace mantel, doors, mirrors and lighting fixtures,
built-in kitchen equipment, sump pump, water softener, window shades, curtain rods,
drapery poles and fixtures, ceiling fans, towel racks and bars, storm doors, windows,
• awnings, TV antennas, all landscaping, mailbox, decking, garage doors and garage door
opener with control(s), water heaters, sink and toilet fixtures, kitchen stove and
dishwasher and all similar equipment and fixtdres, but specifically excluding the following:
window air conditioners and fans, two refrigerators, washer and dryer, lift=top freezer and
the window sheers located in the living room of the residence. All items sold shall be fully
paid by Seller at the time of closing the transaction.
3. PRICE: Buyer will pay the total purchase price of 5173,020.00 (the "Purchase Price") for
the Property.
4. EARNEST MONEY: The Buyer is purchasing the Real Estate pursuant to the terms of
the First Right, which is specifically incorporated herein as if set out in full, and no Earnest
Money is tendered herewith.
5. PAYMENT OF PURCHASE PRICE: The entire Purchase Price shall be paid at closing
in cash_or other readily available funds, and no financing is required.
6. CLOSING: The closing of the sale (the "Closing") shall be on or before May 30, 2003
unless otherwise agreed by the parties hereto.
7. 3 POSSESSION: Possession of the Property shall be delivered to Buyer no later than
November 30, 2003. Seller may continue to occupy and utilize the Property as its
principal place of residence during the period following the Closing until November 30,
2003 (the "Transition Period"), and shall deliver possession of the Property to Buyer at
the end of the Transition Period, or at the time Seller receives possession of an altemate
Revised: May.6, 2003
11
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a_ n
THIS INDENTURE WITNESSETH, that Charles C. Riley and Tina J. Riley, husband
and wife (collectively the "Grantors"), CONVEY AND WARRANT to THE CARMEL-CLAY
BOARD OF PARKS AND RECREATION (the "Grantee"), for the sum of Ten Dollars
($10.00) and other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the real estate described in Exhibit A, which is attached hereto and made
a part hereof by reference, commonly known as 2648 W. 116th Street, Carmel, Indiana, together
with all improvements located thereon (the "Real Estate") subject to easements, agreements and
restrictions of record.
GENERAL WARRANTY DEED Instrument
2dd3d005614d
IN WITNESS WHEREOF, Grantor has executed this General Warranty Deed this 30th
day of May, 2003.
DULY ENTERE;j FOR TAXATION -6
Subject to final acceptance for transfer
day nfrt , 2Q�3
t 7 r; Auditor ui nom ]thn Count(
GRANTOR:
cZC4e7?
Charles C. Riley
AIL
Tina J. Riley
STATE OF INDIANA ) 200300056141
)SS: Filed for Record in
HAMILTON COUNTY INDIANA
COUNTY OF MARION ) JENNIFER J HAYDEN
06-11-2003 At 02:00 pm.
GEN W DEED 16.00
Before me, a Notary Public in and for said County and State, personally appeared Charles
C. Riley and Tina J. Riley, by me known, and who acknowledged the execution of the foregoing
"General Warranty Deed" and stated that the representations therein contained are true.
WITNESS my hand and seal thisnfrA
30ay of rtla 1
My Commission Expires:
My County of Residence:
Notary Public
Printed:
WILLIAM B. OLSEN
My Comm. Exp : 06-30-08
Res. of Hamilton Co.
This instrument was prepared by and after recording return to: Brian C. Bosma, Esq.,
Kroger Gardis & Regas, LLP, 111 Monument Circle, Suite 900, Indianapolis, IN 46204-5125.
Send tax bills to: CarmeUClay Board of Parks and Recreation
1055 3" Avenue, S.W., Carmel, Indiana 46032
General Warranty Deed 2203
EXHIBIT "A"
Legal Description:
Part of the West Half of the Southeast Quarter of Section 32, Township 18 North, Range 3 East
of the Second Principal Meridian in Hamilton County, Indiana, more particularly described as
follows:
Commencing at the Southeast comer of the Southeast Quarter of Section 32, Township 18 North,
Range 3 East of the Second Principal Meridian in Hamilton County, Indiana; thence South 90
degrees 00 minutes 00 seconds West (assumed bearing) 1329.81 feet on the South line of said
Southeast Quarter to the southeast comer of the West Half of said Southeast Quarter, said corner
is also the Point of Beginning of the herein described tract; thence South 90 degrees 00 minutes
00 seconds West 342.45 feet on the South line of said Southeast Quarter Section; thence North
00 degrees 27 minutes 46 seconds East 16.50 feet to a PK Nail set on the north right-of-way line
of' West 116th Street as it currently exists; thence North 00 degrees 27 minutes 46 seconds East
620.80 feet, parallel with the East line of the West Half of said Southeast Quarter to a 5/8 inch
diameter iron rebar with a plastic yellow cap marked "Weihe Engr. 0012" (capped rebar); thence
North 90 degrees 00 minutes 00 seconds East 342.45 feet, parallel with the South line of said
Southeast Quarter, to a capped rebar set on the East line of the West Half of said Southeast
Quarter thence South 00 degrees 27 minutes 46 seconds West 620.80 feet on said East line to a
capped rebar set on the north right-of-way line of West 116th Street as it currently exists; thence
South 00 degrees 27 minutes 46 seconds West 1630 feet to the Point of Beginning, said tract
contains 5.010 more or less.
End of Legal Description