HomeMy WebLinkAboutOrd.5113.09-04-2018BILL NO. 18-118 ORDINANCE NO. 5113
AN ORDINANCE AUTHORIZING THE MAYOR TO
EXECUTE A SPECIAL WARRANTY DEED TO MAYSON
INVESTMENTS, LLC, FOR PROPERTY LOCATED AT
THE SOUTHEAST CORNER OF BLOOMFIELD ROAD
AND SOUTH MOUNT AUBURN ROAD, IN THE CITY
OF CAPE GIRARDEAU, MISSOURI
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF CAPE
GIRARDEAU, MISSOURI, AS FOLLOWS:
ARTICLE 1. The Mayor, for and on behalf of the City of
Cape Girardeau, Missouri, is hereby authorized to execute a
Special Warranty Deed to Mayson Investments, LLC, for property
located at the southeast corner of Bloomfield Road and South
Mount Auburn Road, in the City and County of Cape Girardeau,
Missouri, more particularly described as follows:
All that part of Lot #3 of Block 1 of Northview Acres,
a subdivision of a part of U.S.P. Survey Number 174
and a part of Outlot 85 of U.S.P. Survey Number 2199,
Township 30 North, Range 13 East of the Fifth
Principal Meridian, as recorded in Plat Book 5 at Page
5, in the City and County of Cape Girardeau, more
particularly described as follows:
Begin at a found ',t" diameter rod on the south line of
Bloomfield Road, on the west line of Lot 2 of Block 1
of Northview Acres Subdivision, and the east line of
Lot 3 of Block 1 of said Northview Acres Subdivision,
said point being on southerly 4.23 feet from the
common northern corner of said Lots 2 and 3, thence
with the common line between said Lots 2 and 3, South
08° 01' 17" East, 320.85, more or less, to a point on
the east line of Mt. Auburn Road, thence with the east
line of said road, North 190 35'57" West, 291.24 feet,
to the point of curvature of a curve to the right
having a radius of 20.00 feet; thence along the arc of
said curve a distance of 30.05 feet to a point on the
south line of Bloomfield Road, and thence with the
south line of Bloomfield Road 45.87 feet to the place
1
of beginning and containing 9,905 square feet, more or
less.
In addition, the Mayor's signature is hereby affirmed, and
the City Manager is authorized to execute all accompanying
documents.
ARTICLE 2. This ordinance shall be in full force and
effect ten days after its passage,4nd approva I -
PASSED AND ADOPTED THIS DAY OF lVD&W2018.
Bob Fox, or
ATTEST:
ruce Tay or eputy City Clerk
2
�L lJ
`�'s(3L TO CAPE COUNTY ABSTRACT AND TITLE COMPANY AND NOT FOR jffiJ``JMJE, OR ANY O'
8219367
Tx:4119015
Title of Document: Special Warranty Deed
Date of Document: August 9th , 2018
Grantor: City of Cape Girardeau
Grantor's Address: 401 Independence Street
Cape Girardeau, Missouri 63703
DOCUMENT #
2018-08062
ANDREW DAVID BLATTNER
RECORDER OF DEEDS
CAPE GIRARDEAU COUNTY, MO
RECORDED ON
08/13/2018 08:07:12 AM
REC FEE: 30.00
PAGES: 3
Grantee: Mayson Investments, LLC
Southeast Corner of Bloomfield and South Mount Auburn
Road
Grantee's Address: 1620 North Kingshighway, Ste 301
Cape Girardeau, MO 63701
Legal Description: See Following Pages
SOLD TO CAPE COUNTY ABSTRACT AND TITLE COMPANY AND NOT FOR RESALE, LICENSE, OR ANY O'
SPECIAL WARRANTY DEED
KNOW ALL PERSONS BY THESE PRESENTS: That on this 7 day of August, 2018, the
CITY OF CAPE GIRARDEAU, MISSOURI, a Municipal Corporation organized and existing
under the laws of the State of Missouri, GRANTOR, in consideration of the sum of Ten Dollars
($10.00) and other valuable consideration, to it paid by Mayson Investments, LLC, a Missouri
Limited Liability Company, does by these presents, SELL AND CONVEY unto the Grantee, its
successors and assigns, the following described parcel of land, lying, being and situated in the
City and County of Cape Girardeau and State of Missouri, to -wit:
All that part of Lot #3 of Block 1 of Northview Acres, a subdivision of a part of
U.S.P. Survey Number 174 and a part of Outlot 85 of U.S.P. Survey Number
2199, Township 30 North, Range 13 East of the Fifth Principal Meridian, as
recorded in Plat Book 5 at Page 5, in the City and County of Cape Girardeau,
more particularly described as follows:
Begin at a found ''/z" diameter rod on the south line of Bloomfield Road, on the
west line of Lot 2 of Block 1 of Northview Acres Subdivision, and the east line of
Lot 3 of Block 1 of said Northview Acres Subdivision, said point being on
southerly 4.23 feet from the common northern corner of said Lots 2 and 3, thence
with the common line between said Lots 2 and 3, South 08° 01' 17" East, 320.85,
more or less, to a point on the east line of Mt. Auburn Road, thence with the east
line of said road, North 19° 35'57" West, 291.24 feet, to the point of curvature of
a curve to the right having a radius of 20.00 feet; thence along the arc of said
curve a distance of 30.05 feet to a point on the south line of Bloomfield Road, and
thence with the south line of Bloomfield Road 45.87 feet to the place of beginning
and containing 9,905 square feet, more or less.
TO HAVE AND TO HOLD the same, together with all rights, privileges, appurtenances, and
immunities thereto belonging or in anywise appertaining unto the said Grantee, and unto its
successors and assigns, FOREVER, the said Grantor hereby covenanting that the above
described premises are free and clear of all encumbrances done or suffered by the Grantor, and
that it will Warrant and Defend the title to the said premises unto the Grantee and Grantee's
successors and assigns, FOREVER, against the lawful claims of all persons claiming through the
Grantor.
[Remainder of Page Intentionally Left Blank Signature Page To Follow.]
SOLD TO CAPE COUNTY ABSTRACT AND TITLE COMPANY AND NOT FOR RESALE, LICENSE, OR ANY O'
IN WITNESS WHEREOF, the undersigned has executed this Special Warranty Deed this -]
day of 52018.
CITY OW�C—A-E RDEAU, MISSOURI
Bob Fox,
ATTEST:
� � Q
Brn epi+ City Clerk
C;a41 eon.rad
STATE OF MISSOURI )
) ss.
COUNTY OF CAPE GIRARDEAU )
BE IT REMEMBERED, that on thisday ofOM 2018, before me
personally appeared Bob Fox, to me personally known, jaunicipal
being by me duly sworn did say that
he is Mayor of the City of Cape Girardeau, Missouri, Corporation of the State of
Missouri, and that the seal affixed to the foregoing instrnt is the official seal of the said City,
and that the said instrument was signed and sealed on behalf of the said City by authority of its
City Council, and acknowledged the said instrument to be the free act and deed of the said City.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my officia seal,
last above written.
Notary Public
My Commission Expires:
3131&)qa
AMANDA L. MCKINNEY
Notary Public - Notary Seal
STATE OF MISSOURI
Cape Girardeau County
My Commission Expires March 3, 2022
Commission #14588193
the date
PURCHASE AND SALE AGREEMENT
THIS AGREEMENT is made and entered into this 6th day of July, 2018 (the "Effective
Date")by and between:
CITY OF CAPE GIRARDEAU,MISSOURI,
a Municipal Corporation, of the County of Cape Girardeau,in the State of Missouri("Seller"), R.
and
MAYSON INVESTMENTS,LLC,or its assigns,
a Missouri limited liability company(the"Buyer"),
IN CONSIDERATION of the mutual covenants and agreements of the respective parties as
hereinafter set forth,and intending to be legally bound,the parties hereby covenant and agree as follows:
1. COVENANT TO SELL. Seller hereby agrees to sell and convey to Buyer, and Buyer hereby
agrees to purchase from Seller, all that certain parcel of vacant land, lying and being situated in the City
and County of Cape Girardeau, State of Missouri, being approximately 9,905 square feet, located on
Southeast corner of the intersection of Bloomfield Road and Mt. Auburn Road, Cape Girardeau,
Missouri, being more particularly described on Exhibit A, attached hereto and incorporated herein,
together with, all and singular, the rights and appurtenances pertaining thereto, including any right, title,
and interest of Seller in and to adjacent streets, roads, alleys, accesses, and rights-of-way, and any and all
easements and licenses benefiting said land(the"Property").
2. PURCHASE PRICE. The total "Purchase Price" for the Property shall be Twenty-two
Thousand Dollars($22,000.00),to be paid in full at Closing.
3. TITLE AND SURVEY REVIEW. €=
3.1 Title Commitment. After the Effective Date, Buyer shall obtain a commitment to issue
an Owner's Policy of Title Insurance, with "extended coverage" to Buyer, together with such
endorsements as Buyer shall reasonably request, through Cape Girardeau Abstract and Title
Company, Inc., 105 S.Broadview, Cape Girardeau, MO 63703,(the"Title Company"), in which
commitment the Title Company shall agree to insure the Property for the full amount of the
Purchase Price, subject only to Permitted Exceptions, defined herein(the "Title Commitment").
The Title Commitment shall name the Buyer as the insured, and insure the owner's title to be t_
marketable in fact in accordance with the Title Examination Standards of The Missouri Bar, and
shall provide that a policy shall be issued immediately after the Seller's General Warranty Deed
to Buyer is placed of record. Simultaneously with the issuance of the Owner's Policy,Buyer may
obtain a Lender's Policy for Buyer's lender, if any.
3.2 Survey. Buyer will obtain, at Buyer's expense, a current survey of the Property prepared
by a registered surveyor with such survey showing the boundaries of the property, the size and
location of improvements thereon, all easements, rights of way, encroachments of record or r'
disclosed by actual inspection,the location of all lines,pipes or other access for all utility service;
and a legal description, including acreage. (the "Survey") The legal description of the Property
taken from the Survey shall be used in the General Warranty Deed from Seller to Buyer. Buyer €-
shall have the option, at its expense, to add such ALTA Standards and Table A items as
designated and requested by Buyer.
Page 1 of 8
is
3.3 Title and Survey Objections; Cure Period. This Agreement is contingent upon Buyer
being completely satisfied with any exceptions listed on the Title Commitment and any matters
shown on the Survey. Within fifteen(15)days after Buyer's receipt of both the Title Commitment
(including all underlying title documents) and Survey, Buyer shall deliver to Seller written
specification of any objections to the title,and any objections to matters shown on the Survey(the
"Objections"). Upon receipt of such Objections, Seller shall have fifteen(15) days to have such
Objections corrected. In the event that such Objections are not rectified within such fifteen(15)
day period, Buyer shall have the right to (i) terminate this Agreement, after which both parties
will be relieved of all obligations hereunder (except as otherwise expressly provided herein), or
(ii) waive such Objections, and accept such title as Seller is able to convey and/or accept the
Property subject to all matters shown on the Survey, or(iii)extend the cure period to allow Seller
sufficient time to correct the Objections. Any exception which Buyer has not objected to, or for
which an objection has been made and later waived, shall be deemed to be a "Permitted
Exception."
5. CLOSING. The "Closing" shall mean the exchange of the general warranty deed for the
Purchase Price. The Closing shall take place at the office of the Title Company or at such other place as
the parties may agree, on or before August 10, 2018, at a specific date and time to be mutually agreed
upon by the parties.
5.1 Seller's Obligations at Closing. At Closing, Seller shall do the following:
5.1.1. Execute and deliver to Buyer a General Warranty Deed conveying the Property
free and clear of all encumbrances whatsoever except the Permitted Exceptions;
5.1.2. Execute and deliver to the Title Company any affidavit or other documents
required by the Title Company to authorize the execution and delivery by Seller of this
Agreement, and all other documents and instruments necessary or advisable to
consummate the transaction contemplated hereby, including but not limited to a
certificate on the Title Company's form certifying, as of the Closing, that there are no
mechanic's liens or other liens against the Property which are not shown of record; and
5.1.3. Execute and deliver to the Title Company Seller's side of the Closing Statement,
which shall be prepared by the Title Company.
5.2. Buyer's Obligations at Closing. Subject to the terms, conditions and provisions hereof, F
and contemporaneously with the performance by Seller of its obligations set forth above, at
Closing, Buyer shall deliver to the Title Company the following:
5.2.1. A cashier's or certified check or wire transfer in the amount of the balance of the
Purchase Price, as adjusted as provided for herein, which amount shall equal the amount
set forth on the Closing Statement;
5.2.2. Any documents required by the Title Company to authorize the execution and
delivery by Buyer of this Agreement, and all other documents and instruments necessary
or advisable to consummate the transaction contemplated hereby; and
5.2.3. The fully executed Buyer's side of the Closing Statement.
5.3 Seller's Closing Costs. Seller shall pay the following costs and expenses in connection
Page2of8
1 4"
with the Closing:
5.3.1. The cost to prepare and record any document necessary to clear the title to the
Property;
5.3.3. All sums necessary to pay off, satisfy, discharge and release of record all
mortgages, deeds of trust, security interests, judgment liens, tax liens or other
encumbrances affecting the Property or any part thereof;
5.3.4. All of Seller's attorney's fees.
5.4 Buyer's Closing Costs. Buyer shall pay the following costs and expenses in connection
with the Closing:
{
5.4.1. The cost for the title search, Title Commitment, Owner's Policy, and
endorsements obtained by Buyer, and any Lender's Policy;
5.4.3 The fee to prepare and record the General Warranty Deed;
5.4.4. All of the fee charged by the Title Company for handling the Closing of this
transaction;
5.4.5. All of Buyer's attorney's fees; and
5.4.6. The cost of the Survey.
5.5 Possession. Possession shall be delivered to Buyer by Seller on the Closing date. Seller
agrees to deliver the Property to Buyer at Closing in the same condition as the Effective Date.
6. TAXES/PRORATIONS. Seller shall pay all general real estate taxes for prior years, and all
special assessments which may now be, or which may become, prior to Closing, a lien on the Property.
General real estate taxes for the current year shall be pro-rated as of the date of Closing,with Seller to pay
the last day, and with Seller's portion being credited to the Purchase Price, and Buyer agreeing to pay
same. If the actual amount of current general tax is not known, the amount to be pro-rated shall be the
amount of taxes for the preceding year with no post-closing adjustment. Buyer shall pay all general real
estate taxes for future years and all special assessments which may become a lien on the property after the
date of Closing.
7. INSURANCE / RISK OF LOSS. The Property is now insured by Seller and Seller shall keep
the present insurance in force until Closing. In the event of loss prior to Closing, Seller shall forthwith
give Buyer written notice thereof. Buyer may then, at Buyer's option: (a)proceed to Closing and pay the
full Purchase Price, in which case Seller shall direct the payment of the insurance proceeds to Buyer; or
(b) terminate this Agreement, whereupon both parties shall be relieved of any further liability hereunder
(except as otherwise expressly provided herein). Buyer shall notify Seller of the option Buyer has elected
within ten(10)days after the loss,but in no event later than the Closing date.
8. EMINENT DOMAIN. If the Property or any part thereof is taken by eminent domain prior to
Closing, Seller shall forthwith give Buyer written notice thereof, and Buyer shall have the option to:
(a)elect to proceed with this Agreement and pay the full Purchase Price,in which event Seller shall assign to
Buyer all damages to which Seller may be entitled on account of such condemnation; or (b) void this
Agreement, whereupon both parties shall be relieved of any further liability hereunder. Buyer shall notify
Page 3 of 8
a �
Seller of the option Buyer has elected within ten (10) days after notification of any such taking, but in no
event later than the Closing Date.
9. ENCUMBRANCE OF PROPERTY. During the time that this Agreement is in existence between
Buyer and Seller, Seller shall not enter into any new license or easement agreements with respect to the
Property or permit the Property to be encumbered in any way without Buyer's prior written consent. Buyer
may give or withhold any such consent at its sole option.
10. REPRESENTATIONS, WARRANTIES, AND COVENANTS OF SELLER. Seller
represents,warrants and covenants to Buyer that:
10.1. Seller is a municipal corporation duly organized, validly existing and in good standing
under the laws of the State of Missouri. Seller has the requisite power and authority to execute k`
this Agreement and all other documents executed pursuant hereto without any further action. The
execution, delivery and performance of this Agreement and any other document pursuant hereto
has been or will be duly authorized by all requisite corporate action and will not violate any
provision of law,any order of any court or governmental agency,the certificate of organization of
Seller, or any provisions of any indenture, agreement or other instrument to which Seller is a
party, or by which it or any of its properties or assets are bound, or be in conflict with, result in a
breach of, or constitute (with or without notice and/or lapse of time) a default under any such
indenture,agreement or other instrument.
10.2. There is no pending or prospective condemnation affecting this Property, or any pending
public improvements in, about or outside the Property which will in any manner adversely affect
the Property,nor is Seller aware that any such action is presently contemplated;
10.3. The execution, delivery and performance of this Agreement does not conflict with any
instruments or agreements to which Seller is a party, or any judgment, decree,writ, order, rule,or
regulation to which Seller is subject;
10.4. There are no violations of any applicable law, ordinance, rule, regulation or order against
or affecting the Property, or any litigation or other proceeding pertaining thereto including,
without limitation, zoning, fire, health, building, or environmental laws, ordinances, rules,
regulations and orders; (b) any existing, presently pending, or threatened actions, suits or
proceedings affecting the Property; or, (c) any pending but uncertified, unsatisfied, unconfirmed
or unrecorded special assessment which, when certified ratified or confirmed would result in a
lien against the Property;
10.5. As of Closing,there will be no leases or other rights of occupancy for the Property; and
10.6. Seller is the owner in fee simple title to the Property, free and clear of all liens,
encumbrances, covenants, conditions, restrictions, options, rights-of-way, and easements
p g Y�
affecting title, except the Permitted Exceptions, and Seller has not granted to any other party the
right to acquire the Property, or any part thereof.
is
10.7. No portion of the Property is listed on or contained in a F.E.M.A.designated flood hazard
area or floodway, U.S.G.S. designated floodplain, or U.S. Army Corps of Engineers wetland
inventory.
10.8. The Property is not in any way contaminated with any hazardous substances (as defined
for purposes of any federal environmental laws or any state or local environmental laws or
Page4of8
i �.
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ordinances of the state in which the property is located),petroleum or petroleum products;(b) it is
not subject to any federal, state or local "Superfund" lien, proceedings, claim, liability or action,
or the threat or likelihood thereof, for the clean-up, removal, or remediation of any hazardous
substance from same;(c)there is no asbestos on same;(d)there is no underground storage tank(s)
on same; (e) no part of it has been classified as "wetlands"; and (f) there have been no past or
there are no pending or threatened claims, complaints, notices or requests for information
received by Seller with respect to any alleged violation of any environmental law; or complaints,
notices or requests for information to Seller regarding potential liability under any environmental
law; and
10.9. Seller knows of no facts or circumstances which have not been disclosed to Buyer, in
writing, and which could materially impair, impede, or prohibit Buyer's use of the Property as a
commercial building development.
All of the representations, warranties and covenants contained in this Agreement shall survive the E-
delivery of deed, and Seller hereby agrees to hold Buyer harmless from any claim, demand, damage or is
expense, including reasonable attorney's fees, for any breach of warranties, representations or covenants
contained in this Agreement.
11. DEFAULT.
11.1. Buyer. If Buyer fails or refuses to comply fully with the terms of this Agreement for any
reason, Seller may rescind this Agreement by written notice to Buyer,whereupon Buyer shall pay
to Seller an amount equal to all of Seller's direct, out-of-pocket costs and expenses arising out of
the transactions contemplated by this Agreement, as liquidated damages, it being agreed that
actual damages are difficult, if not impossible,to ascertain,and this Agreement shall thereafter be
void.
11.2. Seller. If Seller fails or refuses to comply fully with the terms of this Agreement for any
reason, Buyer may, at its option, either (i) rescind this Agreement by written notice to Seller,
whereupon Seller shall pay to Buyer an amount equal to all of Buyer's direct, out-of-pocket costs
and expenses arising out of the transactions contemplated by this Agreement including, but not
limited to, those for the survey, title examination, and attorney's fees, as liquidated damages, it
being agreed that actual damages are difficult, if not impossible, to ascertain; or (ii) pursue any
other legal or equitable remedy, including, without limitation, a suit for specific performance and
to recover damages suffered by Buyer as a result of the delay in the acquisition of the Property.
Provided,however,that an election by Buyer to pursue one or the other of the foregoing remedies
shall not preclude Buyer from pursuing the other remedy until full satisfaction shall have been
received on the remedy pursued.
11.3. Attorney's Fees. In the event of litigation subsequent to default, the prevailing party
shall be entitled to recover its reasonable attorneys' fees and its litigation costs, including court
costs, from the non-prevailing party.
12. REAL ESTATE AGENTS AND COMMISSION. Seller and Buyer hereby acknowledge,
represent and warrant that, neither has engaged or otherwise employed any brokers or finders, the
employment or engagement of whom would result in the other party hereto having any additional duty or
obligation with respect thereto. In addition, Buyer and Seller agree to indemnify and hold each other
harmless from any and all claims of brokers, consultants or real estate agents by, through or under the
indemnifying party for fees or commissions arising out of the sale of the Property to Buyer.
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13. ENTIRE AGREEMENT. This Agreement constitutes the entire agreement and understanding
between the parties hereto, and supersedes any prior agreement and understanding relating to the subject
matter of this Agreement. This Agreement may be modified or amended only by written agreement by
the parties hereto.
14. COUNTERPARTS. This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original hereto and all of which together shall constitute but one instrument.
15. HEADINGS. Headings and titles of the paragraphs and subparagraphs herein are placed herein
for convenient reference only, and shall not to any extent have the effect of modifying, amending or
changing the express terms and provisions of this agreement.
16. SUCCESSORS AND ASSIGNS. This Agreement and all of the provisions hereof shall be
binding upon and shall inure to the benefit of the parties hereto and their respective successors and
assigns. Buyer reserves the right to assign its interest in this Agreement to a related person or entity (an
individual, corporation, limited liability company, partnership or other such entity which, directly or
indirectly, is in control of, is controlled by or is under common control with Buyer) at the option
of Buyer.
17. GOVERNING LAW. This Agreement shall be construed in accordance with the laws of the
State of Missouri.
jr
18. SEVERABILITY. In the event any part or parts of this Agreement are found to be void or in <.
violation of any law, the remaining provisions of this Agreement shall nevertheless be binding with the
same effect as though the void or unlawful parts were deleted.
19. NOTICES. Any notice which any party hereto may desire or may be required hereunder to give
to the other parties hereto, shall be in writing and shall be deemed to be duly given when received (or
when refused, if that be the case) by personal delivery, or after three(3) days when by registered or
certified U. S.Mail,postage prepaid,return receipt requested, addressed to such other party as follows:
SELLER: City of Cape Girardeau
ATTN: Scott A.Meyer
401 Independence St.
Cape Girardeau,MO 63701
BUYER: Mayson Investments,LLC
Attn: Jeff Maurer
1610 N.Kingshighway, Suite 301
Cape Girardeau,MO 63701
With a copy to: Lucas Haley
The Limbaugh Firm
407 N. Kingshighway, Suite 400
P. O. Box 1150
Cape Girardeau,MO 63702-1150
or to such other address as a party hereto may hereafter designate to the other parties in writing.
20. CONSTRUCTION. Each party acknowledges that all parties participated equally in drafting
this Agreement and, accordingly, no court construing this Agreement shall construe it more stringently
Page 6 of 8
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against one party or the other.
21. LEGAL COUNSEL. By signing this Agreement, Buyer and Seller acknowledge that they have
read this Agreement and understand the terms contained herein and have sought the advice of their
respective legal counsel or knowingly waived the right to do so.
22. BUSINESS DAY. Whenever this Agreement provides for a date, day or period of time on or
prior to which action or events are to occur or not occur, and if such date,day or last day of such period of
time falls on a Saturday, Sunday or legal holiday, then same shall be deemed to fall on the immediately
following business day.
23. TIME OF THE ESSENCE. Time wherever specified herein for satisfaction of conditions or
performance of obligations by Seller or Buyer is of the essence of this Agreement.
24. ELECTRONIC SIGNATURES. This Agreement may be executed and delivered by electronic
transmission (pdf file) which shall become effective when one or more counterparts have been signed by
all of the parties hereto and delivered to the other parties, regardless of whether originals are delivered
thereafter.
25. IRS 1031. If either partydesires to take advantage of the provisions of Section 1031 of the
g
Internal Revenue Code,the other party will cooperate fully in that aspect of the transaction, so long as all
expenses and risks are borne by the party being accommodated.
IN WITNESS WHEREOF, the undersigned have signed this Agreement as of the date first
herein written.
SELLER:
City o ape ''arde• Missouri
13 •
Scott : • ty Manager
BUYER:
Mayson Investments,LLC
By; _, rf nutelt.
J ffre} J. curer,Manager
Page 7 of 8
EXHIBIT A
ALL OF THAT PART OF LOT#3 OF BLOCK 1 OF NORTHVIEW ACRES; A SUBDIVISION OF A
PART OF U.S.P. SURVEY NUMBER 174 AND A PART OF OUTLOT 85 OF U.S.P. SURVEY
NUMBER 2199, TOWNSHIP 30 NORTH, RANGE 13 EAST OF THE FIFTH PRINCIPAL
MERIDIAN, AS RECORDED IN PLAT BOOK 5 AT PAGE 5, IN THE CITY AND COUNTY OF
CAPE GIRARDEAU,MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGIN at a found '/2" diameter rod on the south line of Bloomfield Road, on the west line of Lot 2 of
Block 1 of Northview Acres Subdivision, and the east line of Lot 3 of Block 1 of said Northview Acres €-
Subdivision, said point being on southerly 4.23 feet from the common northern corner of said lots 2 and
3, thence with the common line between said lots 2 and 3, South 08o01'17" West, 320.85 feet, more or
less, to a point on the east line of Mt. Auburn Road, thence with the east line of said road, North 19-
35'57" East, 291.24 feet, to the point of curvature of a curve to the right having a radius of 20.00 feet;
thence along the arc of said curve a distance of 30.05 feet to a point on the south line of Bloomfield Road,
and thence with the south line of Bloomfield Road 45.87 feet to the place of beginning and containing
9,905 square foot,more or less.
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Page 8 of 8
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{ Summary of Salient Facts and Conclusions
Subject: A Remnant Parcel
Location: South Mt. Auburn Road @ Bloomfield Road, Cape Girardeau, Missouri
• Type: Remnant
• Land Area: 9,905 Square Feet
Owner of Record: The City of Cape Girardeau
Census Tract Number: 8815.00
Property Tax Identification No.: 20-314-00-10-003.00-0000
County: Cape Girardeau
Client: Mayson Capital Partners, LLC
Effective Date of the Appraisal: June 20, 2018, the date of inspection
Report Date: July 2, 2018
Intended Use: To aid the client in their due diligence in consideration of a purchase
option.
Interest Appraised: Fee Simple t-
Highest & Best Use: Assembly with adjacent parcel
Hypothetical Conditions: None
Extraordinary Assumptions: None
I �
Market Value Conclusion: $22,000 F
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