2022 11 15 City Council

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THIS INSTRUMENT PREPARED BY:
BIDDLE & TREW, LLP
ATTORNEYS AT LAW
ATHENS, TN 37371-0010

REAL ESTATE SALES AGREEMENT

THIS AGREEMENT entered into this day of , 20 _,
by and between TERESA LOUISE VINCENT, herein referred to as

"Seller" and CITY OF ATHENS, TENNESSEE, herein referred to as
"Buyer 7 W

WITNESSETH:

In consideration of the mutual covenants and promises herein,
Seller hereby sells to Buyer, and Buyer buys from Seller, subject
to conditions hereinafter set out, the following described Property:

LYING AND BEING situated in the City of Athens, McMinn County,
Tennessee, at or near the intersection of Jackson Street and Redfern
Blvd. with the property conveyed being approximately 2.93 acres off
of the West side of Parcel 290.00 on Map 047 as shown in the records
of the Property Assessor’s Office for McMinn County, Tennessee, more
particularly described as follows:

THE BEGINNING point of this conveyance is at a one inch iron pipe
found located north 42 degrees 41 minutes east 193.86 feet from a
concrete monument found on the north side of Redfern Blvd. at or
near the intersection of Redfern Blvd. and Jackson Street, which
concrete monument found is at a GPS coordinate of N: 415845.30 E:
2385577.32; thence from the BEGINNING point marked with the one inch
iron pipe found north 47 degrees 42 minutes west 48.71 feet to a
one-half iron rod set; thence north 46 degrees 26 minutes east
1128.94 feet to a metal fence corner; thence south 88 degrees 11
minutes east 152.17 feet to a one-half iron rod set; thence south
46 degrees 26 minutes west 1226.69 feet to a one-half inch iron rod
set; thence north 48 degrees 57 minutes west 60 feet to the
BEGINNING corner marked with the referenced one inch iron pipe
found, with the area conveyed containing approximately 2.93 acres,
more or less, with the boundary lines of the property conveyed
herein shown on the survey of Christian M. Medders, dated 8/28/2022,
designated as Job No: 21-788 Plat 4, with a copy of this Plat
recorded in Plat Book , Page , in the Register of Deed’s
Office for McMinn County, Tennessee.

AND BEING a part of the same property conveyed to Teresa Louise
Vincent by Deed recorded in Deed Book 16-D, page 489, in the
Register of Deed’s Office for McMinn County, Tennessee, to which
reference is here made.

SUBJECT to any existing easements and rights-cf-way, visible or not.

Upon Seller offering or delivering to Buyer a Warranty Deed
free and clear from all encumbrances, except for any restrictions
and any zoning ordinances or laws of any governmental authority,
Buyer shall, within the time for closing herein, pay for the
property the sum of Fifty Eight Thousand Six Hundred Dollars and
00/100 ($58,600.00) under the following terms:

A earnest money deposit of $1000.00 payable upon execution of
this Agreement.

The full purchase price, with a credit for the earnest money,
will be paid by certified funds or cashier check at the
closing.

If marketable title, free and clear of all encumbrances cannot
be given, or Seller fails to perform any obligations under this
Agreement, this Agreement shall be deemed null and void, and the
earnest money deposit shall be r@2urned to Buyer.