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HomeMy WebLinkAboutResolutions - 2009.05.21 - 9863MISCELLANEOUS RESOLUTION vio9112 May 7, 2009 BY: PLANNING AND BUILDING COMMITTEE, JOHN SCOTT, CHAIRPERSON IN RE: PARKS AND RECREATION COMMISSION AND DEPARTMENT OF FACILITIES MANAGEMENT — APPROVAL AND ACCEPTANCE OF PURCHASE AGREEMENT - PARCEL NO. 11-03-400-015 and 11-03-400-016, VACANT MILFORD ROAD FOR EXPANSION OF HIGHLAND OAKS COUNTY PARK To the Oakland County Board of Commissioners Chairperson, Ladies and Gentlemen: WHEREAS. pursuant to the authorization of the Oakland County Planning and Building Committee, the Oakland County Parks and Recreation Commission and the Department of Facilities Management, with the assistance of Oakland County Corporation Counsel ; have negotiated the terms and conditions of the attached Purchase Agreement with Joseph D. Hodges, for the purchase of approximately 20.14-acres of vacant land located on Milford Road, Highland Township; and WHEREAS. pursuant to the terms and conditions of said Purchase Agreement the County of Oakland shall pay Joseph D. Hodges the sum of $240,000 via a cash sale for the purchase of said property, conditioned upon the County performing its required due diligence investigation of the subject property: and WHEREAS, sufficient funding for said purchase is available in the Oakland County Parks and Recreation Land Acquisition Fund; and WHEREAS. the Departments of Facilities Management and Corporation Counsel have reviewed and/or prepared all necessary documents related to the attached Purchase Agreement and recommend its approval. NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners hereby approves and accepts the terms and conditions of the attached Purchase Agreement between the County of Oakland, as purchaser, and Joseph D. Hodges, seller, via a cash safe purchase. BE IT FURTHER RESOLVED that the Oakland County Board of Commissioners hereby directs its Chairperson or his designee to execute the attached Purchase Agreement and all other related documents, which may be required to complete the purchase of said property. Chairperson, on behalf of the Planning and Building Committee, I move the adoption of the foregoing resolution. PLANNING & BUILDING COMMITTEE VOTE: Motion carried unanimously on a roll call vote. Approval and Acceptance of Purchase Agreement Joseph D. Hodges Property Parcel Nos. 11-03-400-015 and 11-03-400-016 Highland Oaks County Park On February 24, 2009 pursuant to the rules and procedures of the Oakland County Board of Commissioners the Oakland County Board of Commissioners Planning and Building Committee authorized staff to begin negotiations for the purchase of 20.14-acres of vacant land located on Milford Road, Highland Township for expansion of Highland Oaks County Park. The Departments of Parks and Recreation and Fad:hies Management with the assistance of County Corporation Counsel have negotiated the terms and conditions of the attached purchase agreement to acquire parcel no. 11-03-400-015 and 1 l-03-400-016, Property Description: 20.14-ac. Partially open and somewhat rolling topography. Buildings: None. Zoning: A-2, Agricultural. 10-ac. minimum site. Appraised value: $240,000. Purchase Price: $240,000. Cash sale. Earnest money Deposit: $25,000. Estimated Oakland County acquisition expenses: Purchase Price: $240,000 Phase I Environmental Assessment: 1,800 Phase II Environmental Assessment: 3,000 (if necessary) Title Insurance & Closing 1,150 Alta Survey 0 (included with other parcels) Estimated Total Cost: $.245,950 Seller expense Property tax proration Property transfer tax: .$2,064 Funding: Oakland County Parks and Recreation Commission Land Acquisition Fund. The purchase is conditioned upon performance of required due diligence including receipt of a negative Environmental Assessment report and subject to final approval by the Oakland County Board of Commissioners. Seller/owner of record: Joseph D. Hodges, West Bloomfield, Michigan. It is the recommendation of the Oakland County Parks and Recreation Commission and the Department of Facilities Management that the Oakland County Board of Commissioners accepts and approves the attached purchase agreement. mdh PURCHASE AGREEMENT THIS PURCHASE AGREEMENT (hereinafter "Agreement") made and entered into this day of , 2009, by and between Joseph D. Hodges, 6785 Colony Drive, West Bloomfield, MI 48323 (hereinafter "Seller") and the COUNTY OF OAKLAND, a Constitutional Corporation, 1200 N. Telegraph Road, Pontiac, Michigan 48341 (hereinafter "Purchaser"), for the purchase of the vacant land specifically described in Exhibit A ("Premises") including all rights, title, interests, and mineral rights or mineral royalty interest in the Premises, which is located in the Charter Township of Highland, County of Oakland, State of Michigan, with the following Parcel ID Numbers: 11-03-400-015 and 11-03-40-016. 1. PURCHASE PRICE/CONSIDERATION. 1.1 Subject to the adjustments and prorations provided for in this Agreement, the purchase price of the Premises shall be Two Hundred and Forty Thousand Dollars arid no cents ($240,000,00) payable as follows: 1.2 Earnest Money Deposit. Upon execution of this Agreement by both Parties, Purchaser will tender to the Seller a draft in the amount of Twenty Five Thousand Dollars ($25,000.00) which the Seller acknowledges as an earnest money deposit ("deposit") and as good and sufficient consideration for accepting this Agreement. Said deposit shall be held by a title company selected by the Purchaser, (the "Title Company") in an interest bearing account. The deposit and the interest accrued shall be applied toward the purchase price at the time of closing or be disbursed to the Seller or the Purchaser in accordance with the terms of this Agreement. 1.3 Payment of Balance of Purchase Price, This is a cash sale. At the time of closing, after applying the deposit plus any accrued interest to the purchase price, the balance of the purchase price minus any costs adjusted at closing will be tendered to the Seller by the Purchaser or wired by the Purchaser to the Seller's bank (or to title company), at the Seller's option 1.4 The Seller, under a separate agreement shall be responsible for and pay any broker or finder fee in connection with this transaction. Purchaser represent and warrants to Seller that it has no knowledge and has not engaged any real estate broker or any other person or entity whom would be entitled to a commission as a result of the sale and purchase of the Premises contemplated by this Agreement. 1.5 The Oakland County Board of Commissioners shall have sixty (60) days from the date of Seller's acceptance of this Agreement, to accept this Agreement on behalf of the Purchaser. If the Oakland County Board of Commissioners does not accept this 1 Agieement, then it shall be null and void and the deposit and interest shall be returned to the Purchaser. 2. TITLE CONVEYED. 2.1 Form of Conveyance. At closing, the Seller shall grant and convey legal title to the Premises to the Purchaser pursuant to a warranty deed, subject only to: (1) the lien of taxes on the Premises not yet due and payable; and (2) the easements and covenants, conditions and restrictions of record as shown on the title commitment accepted by the Purchaser. 2.2 Upon execution of this Agreement, the Seller shall not to lease, assign, or grant a security interest or other lien that would encumber the Premises after closing. The Seller warrants that any assignment, security interest or other lien that would encumber the Premises after closing shall be satisfied out of the consideration transferred at the time of closing. 3. TITLE INSURANCE, 3.1 The Purchaser will procure a commitment for an ALTA owner's form of title insurance policy, a copy of which will be delivered to the Seller. 3.2 The title insurance policy will be marked up as of closing and be effective and certified through the date of recording of the title documents, in an amount not less than the purchase price, certified to a date later than the acceptance hereof, and guaranteeing fee simple absolute title in an insurable and marketable condition. 3.3 The Seller agrees to execute a standard form Owner's Affidavit at closing to assist in the Purchaser's efforts to obtain coverage without standard exceptions. In addition to the representations and warranties contained in said Owner's Affidavit, the Seller agrees to execute an affidavit indicating the following: (I) the Seller is not on notice, whether actual or anticipated notice, of any pending claims against the Seller that would affect the sale of the Premises. (2) there are no court orders prohibiting the sale of the Premises. 4 TITLE OBJECTIONS 4.1. The Purchaser shall have twenty (20) days after receipt of the title insurance policy to object to the condition of the title, based upon the written opinion of the Purchaser's attorney that the title is not marketable. Upon written notice to the Seller that, in the opinion of the Purchaser's attorney, the title is defective, the Seller shall have thirty (30) days from the date the Seller is notified of the particular defect(s) claimed, to do either of the following: (1) remedy the defects or (2) obtain at the Seller's cost and expense a substitute commitment for title insurance, insuring in a manner satisfactory 2 to the Purchaser; the Purchaser's title against the claimed defects. If the Seller fails to remedy the defects or obtain a substitute commitment for title insurance within said period, the Purchaser may do any of the following at its sole option: (1) waive the claimed title defects and close subject to same, (2) defer the closing until such time as the claimed defect(s) can be remedied, if such defects can be remedied in a reasonable time, or (3) terminate this Agreement DUE DILIGENCE INVESTIGATIONS. 5.1 The Purchaser will have ninety (90) days after approval and acceptance of this offer by the Oakland County Board of Commissioners (hereinafter "Board"), to conduct the due diligence property investigations as set forth in this Section, unless this section specifically provides otherwise. ("Inspection Period"). 5.2 Survey The Purchaser shall, at its expense, obtain an ALTA/ACSM boundary survey of the Premises The Purchaser shall have until the expiration of the Inspection Period to determine if the survey matches the Premises as described in Exhibit A. If in the written opinion of the Purchaser's attorney prior to the expiration of the Inspection Period, the survey does not match the Premises as described in Exhibit A, then upon written notice received by Seller prior to the expiration of the Inspection Period, the Seller shall have thirty (30) days from the date the Seller is notified of the particular defect(s), to remedy the defects. If the Seller fails to or cannot remedy the defects ; the Purchaser may do any of the following, at its sole option: (1) waive the defects and close subject to same, (2) defer the closing until such time as the defect(s) can be remedied, or (3) terminate this Agreement 5.3 Phase 1 Environmental Assessment. 5.3.1 The Purchaser shall at its expense obtain a Phase I Environmental Assessment ("Phase 1") performed consistent with applicable ASTM standards. If the Phase 1 discloses no environmental concerns, then the Parties will proceed to closing pursuant to Section 6. If Purchaser fails to notify Seller of any objection as a result of the Phase 1 prior to the expiration of the Inspection Period, this contingency shall terminate and be of no further force and effect. 5.3.2 If, prior to the expiration of the Inspection Period, the Phase l reveals any contamination that would cause the Premises to be a Facility under Part 201 of the Michigan Natural Resources Environmental Protection Act (MCL 324.20101et. seq.) (hereinafter Part 201), then the Purchaser may do any of the following, provided it provides such notice prior to the expiration of the Inspection Period, at its sole option: (I) terminate this Agreement and receive back its deposit and any accrued interest or (2) commission a Phase II Environmental Assessment ("Phase The Purchaser shall notify the Seller 3 prior to the expiration of the Inspection Period if it elects to terminate this Agreement for environmental reasons or perform a Phase LI 5.3.3 If the Phase IT discloses that the Premises is a Facility the Purchaser, at its option, may elect to perform a Baseline Environmental Assessment (BEA). The Purchaser shall have an additional one hundred and eighty (180) days from the expiration of the Inspection Period ("Extended Inspection Period") to submit the BEA together with a Due Care Plan to the Michigan Department of Environmental Quality (hereinafter MDEQ) for a liability determination pursuant to Sections 20126 and 20129a of the Natural Resources and Environmental Protection Act. 5.3.4 If the Purchaser receives an exemption of liability from the MEDEQ and MDEQ accepts the Purchaser's proposed use of the Premises, then the Parties will proceed to closing in accordance with Section 6, It shall be conclusively presumed that Purchaser elects to proceed with the purchase of the Premises in the event that it fails to notify Seller of the results of the BEA prior to the expiration of the Extended Inspection Period, 5.3.5 It prior to the expiration of the Extended Inspection Period. the Purchaser notifies Seller that it did not receive an exemption of liability from the IvIDEQ, or if MDEQ requires response activities to be performed, then the Purchaser may do any of the following, at its sole option: (I) terminate this Agreement and receive back its deposit and any accrued interest or (2) proceed to closing pursuant to Section 6, 5.4 The Purchaser may perform any other investigations during the inspection period that it, in its sole discretion, shall deem appropriate. 5.5 Nothing in this Agreement will prohibit the Parties from modifying or extending the date for closing if such changes are necessary based upon the due diligence property investigations. Such modification or extension must be agreed to in a written addendum to this Agreement signed by both Parties, 5.6 If, prior to the expiration of the Inspection Period (or the Extended Inspection Period, as the case may be), the Purchaser, in its sole discretion, gives written notice to the Seller that it is not satisfied with the condition of the Premises, as evidenced by the due diligence investigations, then the Purchaser shall be entitled to the return of its deposit and any accrued interest thereon and may terminate this Agreement. 5,7 This Agreement is contingent upon the due diligence requirements set forth in this Section. Such due diligence requirements are deemed waived in the event that Purchaser fails to terminate this Agreement prior to the expiration of the Inspection 4 Period (or the Extended Inspection Period, as the case may be), CLOSING, AND CLOSING DOCUMENTS. 6.1 If this offer is accepted by the Seller and the Oakland County Board of Commissioners pursuant to Sec-don 1.5 and if the Seller can convey title and comply with all of contingencies set forth in this Agreement, then the Purchaser agrees to complete the sale on or before August 28, 2009. 6.2 The closing shall be held at the offices of a Title Company of the Purchaser's choosing or any other mutually convenient location agreed upon by the Parties. The Purchaser or the Title Company, will prepare the necessary documents for signatures, if the Purchaser so elects. 63 The Purchaser, at least five (5) days prior to closing, shall submit to the Seller all closing documents required by the Purchaser. 6.4 The Seller will sign and deliver at closing, a statutory form Warranty . Deed conveying fee simple absolute title to the Premises inclusive of all minerals rights or royalties, if any, (pursuant to Michigan law) in the condition required by this Agreement and a Non-Foreign Persons Affidavit. The Seller at least five (5) days prior to closing shall submit these documents to the Purchaser for review and approval. 6.5 The Seller will pay any costs or fees required to remove or satisfy outstanding mortgages or other liens on the Premises. 6.6 The Seller will pay for the recording of the Warranty Deed, any notary fees, and the property transfer tax (revenue stamps) 6.7 At the closing, the Seller will sign an Affidavit of No Liens on the Title Company's standard form, sufficient to permit the Title Company to delete the standard Schedule B exceptions. 6.8 At the closing, the Seller will sign a Certificate of Accuracy, regarding the Representations made by the Seller in Section 12. 6.9 The Seller and the Purchaser will sign and/Or prepare any other documents necessary to complete the sale and transfer of the Premises. 6.10 Current property taxes shall be prorated on the due date basis of the taxing authority, on the basis of a three-hundred sixty-five (365) day year the Seller being responsible for taxes up to and including the date of closing. POSSESSION. 5 The Purchaser shall have possession of the Premises at the end of the closing. 8. RIGHT OF ENTRY AND ACCESS While this Agreement is in effect, the Purchaser and its employees and agents shall have the right to enter and access the Premises at reasonable times, with reasonable notice to the Seller, for the purpose of surveying, testing, environmental impact studies, site planning, and other such work as the Purchaser deems necessary or desirable to determine the Premises' suitability for the conduct of the Purchaser's business. However, in the event that this sale does not take place, then the Purchaser, at its own expense, shall restore the Premises to substantially the same condition that existed on the date this Agreement was executed, to the extent such restoration is necessaiy due to the Purchaser's actions. 9. DEFAULT OF SELLER. In the event the Seller shall default in the performance of its obligations herein, the Purchaser, in addition to other remedies provided by law, may in its sole discretion, elect to proceed under either 9.1 or 9.2, but not both 9.1 The Purchaser may specifically enforce this Agreement and require specific performance of this Agreement by judicial decree; or 9.2 The Purchaser may demand a refund of the entire deposit plus accrued interest and terminate this Agreement. 10. DEFAULT OF PURCHASER. In the event the Purchaser shall default in the performance of its obligations herein, the Seller may, in its sole discretion, elect to proceed under either 10.1 or 10.2, but not both 10 1 The Seller specifically enforce this Agreement and require specific performance of this Agreement by judicial decree; or 10 2 The Seller may declare that the Purchaser has forfeited all rights hereunder and retain the deposit and interest as liquidated damages The retention of the deposit and interest by the Seller shall cancel this Agreement and be in full and final satisfaction of any and all claims that the Seller may bring against the Purchaser. 11. RISK OF LOSS. No risk of loss shall pass to the Purchaser prior to closing. Except as otherwise provided in this Agreement, the Purchaser acknowledges the following; (1) the Seller has made no representations or warranties with respect to the Premises; (2) the inspection rights set forth in this Agreement are sufficient to enable the Purchaser to inspect the Premises to determine if they are satisfactory to the Purchaser. 12. WARRANTIES BY THE SELLER The Seller warrants to the Purchaser and shall certify to 6 the Purchaser upon the execution of this Agreement the following: 12.1 The Seller has full authority to enter into and perform this Agreement in accordance with its conditions, without breaching or defaulting on any obligation or commitment that the Seller has to any third parties and will provide the Purchaser with any necessary resolutions, waivers and consents or other documents that verify the Seller has the requisite authority, which documents can be attached hereto as Exhibit B. 12.2 The Seller is the fee simple owner of the Premises and will discharge any liens prior to closing. 12.3 To the Seller's knowledge, the legal description set forth in Exhibit A is an accurate description of the Premises and does not include any adjacent or contiguous land owned by the Seller or any third party. 12.4 To the Seller's knowledge, there are no leases, rights of first refusal, contracts, or other agreements of any kind with respect to the Premises, which would impair the Purchaser's right to receive fee title absolute. 12.5 To the Seller's knowledge, there are no lawsuits, actions, or proceedings pending or threatened by any party, including governmental authorities or agencies, against or involving the Premises which would affect the Seller's ability to convey the Premises. 12.6 The Seller has no notice or knowledge of any of the following: 12.6.1 any planned or commenced public improvements that might result in special assessments or otherwise directly and materially affect the Premises; 12.6.2 any government agency or court order requiring corrections of any existing conditions; 12.6.3 any request by an insurer or a mortgagee of the Premises requiring correction of any existing conditions. 12.7 The Seller has not used the Premises for the purpose of disposing, refining, generating, manufacturing, producing, storing, handling, treating, transferring, processing or transporting Hazardous Materials 12.8 As used in this Agreement, the term "Hazardous Materials" shall mean any hazardous or toxic substances, wastes or materials, or flammable explosives, including, without limitation, those described in the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended, the Hazardous Materials Transportation Act, as amended, the Resource Conservation and Recovery Act, Parts 7 20, 211 and 213 of the Natural Resources Environmental Protection Act, and all rules, regulations and policies promulgated thereto (collectively, the "Environmental Laws") 13. WARRANTIES BY THE PURCHASER. The Purchaser warrants the following to the Seller: 13.1 The Purchaser is a Michigan Constitutional Corporation. 13.2 The Purchaser has full authority and funding to enter into and perform this Agreement in accordance with its conditions and will provide the Seller with the pertinent resolution which will be attached as Exhibit C. 14. SURVIVAL OF THE WARRANTIES, The warranties of the Parties contained in this Agreement shall survive for two (2) years after closing. 15. LIABILITY. The Seller shall be liable for and defend any and all alleged losses, claims, suits, causes of action, litigation, or other demands for damages of any kind, pertaining to the Premises prior to closing, except those losses, claims, suits, causes of action, litigation, or other demands for damages, arising solely out of the acts of the Purchaser or the Purchaser's agent(s) while performing any surveys or due diligence inspections of the Premises prior to the closing. The Seller shall be responsible for paying any and all judgments, damages awarded, costs and expenses (including attorney fees and court costs) and any other liabilities that result from any such alleged losses, claims, suits, causes of action, litigation, or other demands for damages of any kind pertaining to the Premises prior to the closing, except as noted above in this Section. 16. CONDEMNATION/EMINENT DOMAIN. In the event that all or any portion of the Premises shall be taken by the exercise of eminent domain or condemnation proceedings prior to closing, the Purchaser may, at its option, terminate this Agreement by giving written notice to the Seller. If the Purchaser elects to terminate this Agreement as a result of a condemnation proceeding or exercise of eminent domain, then the deposit paid by the Purchaser and any accrued interest shall be returned to the Purchaser. In the event of such a termination, this Aereement shall be null and void and the parties shall have no further rights or obligations under this Agreement. If the Purchaser does not elect to terminate this Agreement in the event of the exercise of eminent domain or condemnation, the Purchaser shall accept title to the Premises without any reduction of the purchase price and the Seller shall assign to the Purchaser at closing all of Seller's right, title, and interest in and to any resulting condemnation award. 17. NOTICE. Any notice, request, demand, consent, approval or other communication given hereunder shall be in writing and shall be sent by registered or certified mail, return receipt requested, addressed to the other Party at its address as set forth below: 8 Seller: Joseph D. Hodges 6785 Colony Drive West Bloomfield, 'MI 48323 Copy to: Peter W. Joe'son Joelson Rosenberg, PLC 30665 Northwestern Highway, Suite 200 Farmington Hills, MI 43334 Purchaser. Michael Hughson County of Oakland Department of Facilities Management 1 Public Works Dr. Waterford, Michigan 48328 248-858-5380 Any Party may change its address for notice by providing notice as required by this Section. Any notice by either Party shall be sufficient if signed on behalf of said Party by any elected or appointed official thereof 18. TIME OF THE ESSENCE. Time is of the essence for this Agreement. 19. COMPLIANCE WITH LAWS. The Parties shall comply with all federal, state, and local laws, statutes, ordinances, any regulations, applicable to their activities under this Agreement. 20. NO IMPLIED WAIVER. Absent a written waiver, no act, failure, or delay by a Party to pursue or enforce any right or remedy under this Agreement shall constitute a waiver of those rights with regard to any existing or subsequent breach of this Agreement. No waiver of any term, condition, or provision of this Agreement, whether by conduct or otherwise, in one or more instances, shall be deemed or construed as a continuing waiver of any term, condition, or provision of this Agreement. No waiver by either Party shall subsequently affect its right to require strict performance of this Agreement. 21. SEVERAEsILITY If a court of competent jurisdiction finds a term, condition, or provision of this Agreement to be illegal or invalid, then the term, condition, or provision shall be deemed severed from this Agreement. All other terms, conditions, and provisions of this Agreement shall remain in full force and effect 22. CAPTIONS The section and subsection numbers, captions, and any index to such sections and subsections contained in this Agreement are intended for the convenience of the reader and are not intended to have any substantive meaning and shall not be interpreted to limit or modify any substantive provisions of this Agreement. Any use of the singular or plural number, any reference to the male, female, or neuter genders, and any possessive or 9 nonpossessive use in this Agreement shall be deemed the appropriate plurality, gender or possession as the context requires. 23 AGREEMENT MODIFICATIONS OR AMENDMENTS. Any modifications, amendments, rescissions, waivers, or releases to this Agreement must be in writing and agreed to by both Parties. 24. GOVERNING LAWS/CONSENT TO JURISDICTION AND VENUE. This Agreement shall be governed, interpreted, and enforced by the laws of the State of Michigan. Except as otherwise required by law or court rule, any action brought to enforce, interpret, or decide any claim arising under or related to this Agreement shall be brought in the Sixth Judicial Circuit Court of the State of Michigan, the 50th District Court of the State of Michigan, or the United States District Court for the Eastern District of Michigan, Southern Division, as dictated by the applicable jurisdiction of the court. Except as otherwise required by law or court rule, venue is proper in the courts set forth above. The choice of forum set forth above shall not be deemed to preclude the enforcement of any judgment obtained in such forum or taking action under this Agreement to enforce such judgment in any appropriate jurisdiction. 25. ENTIRE AGREEMENT. This document represents the entire agreement and understanding between the Parties. This Agreement supersedes all other prior oral or written understandings, communications, agreements or contracts between the Parties. The language of this Agreement shall be construed as a whole according to its fair meaning and not construed strictly for or against any Party. 26. PROPERTY SOLD "AS IS". 26.1: Except as is otherwise expressly provided in this Agreement, Seller hereby specifically disclaims any warranty (oral or written) concerning (i) the nature and condition of the Premises and the suitability thereof for any and all activities and uses that Purchaser may elect to conduct thereon, (ii) the manner, construction, condition and state of repair or lack of repair of any improvements located thereon, (iii) the nature and extent of any right-of-way, lien, encumbrance, license, reservation, condition or otherwise, (iv) the compliance of the Property or its operation with any laws, rules, ordinances, or regulations of any government or other body, it being specifically understood that Purchaser shall have full opportunity, during the Inspection Period or Additional Inspection Period, to determine for itself the condition of the Premises; and (v) any other matter whatsoever except as expressly set forth in this Agreement. Except as is otherwise expressly provided in this Agreement, the sale of the Premises as provided for herein is made on a strictly "AS IS" "WHERE IS" basis as of the closing date. 26.2. PURCHASER SPECIFICALLY ACKNOWLEDGES THAT PURCHASER IS NOT RELYING ON (AND SELLER HEREBY DISCLAIMS AND RENOUNCES) ANY REPRESENTATIONS OR WARRANTIES MADE .BY OR ON BEHALF OF 10 SELLER OF ANY KIND OR NATURE WHATSOEVER, EXCEPT AS IS OTHERWISE EXPRESSLY PROVIDED IN THIS AGREEMENT. 26.3. Seller and Purchaser acknowledge and agree that the provisions contained in this Section 26 were a material factor in Seller's acceptance of the purchase price and that Seller was unwilling to sell the Premises to Purchaser unless Seller was released as expressly set forth above. IN WITNESS WHEREOF, the parties have executed this Agreement as of the dates indicated below. WITNESSED BY: PURCHASER: County of Oakland a Michigan Municipal And Constitutional Corporation Michael D. Hughson By: Bill Bullard, Jr., Chairperson Oakland County Board of Commissioners Date- , 2009. The foregoing instrument was acknowledged before me in Oakland County, Michigan on this day of , 2009 by , Notary Public Oakland County, Michigan acting in Oakland County, Michigan. My Commission expires: 11 Seller's Acceptance WITNESSED BY: SELLER(S): Joseph D. Hodges The foregoing instrument was acknowledged before me in Oakland County, Michigan on this day of , 2009 by Joseph D. Hodges. , Notary Public Oakland County, Michigan acting in Oakland County, Michigan. My Commission expires: 12 EXHIBIT A Parcel No. 11-03-400-015 & 11-03-400-016 Vacant Milford Road Highland Township, Michigan Land situated in the Township of Highland, in County of Oakland, State of Michigan is described as follows: A parcel of land described as being located in the East 1/2 of fractional Section 3, Town 3 North, Range 7 East, described as: Beginning at a point distant North 89 degrees 12 minutes 34 seconds West 889.75 feet from the Southeast Section corner; thence North 89 degrees 12 minutes 34 seconds West 413.25 feet: thence North 01 degrees 30 minutes 36 seconds East 1062.00 feet; thence South 89 degrees 12 minutes 34 seconds East 413.25 feet; thence South 01 degrees 30 minutes 36 seconds West 1062.00 feet to the point of beginning. Parcel No. 11-03-400-015. A parcel of land described as being located in the East 1/2 of fractional Section 3, Town 3 North, Range 7 East, described as Beginning at a point distant North 89 degrees 12 minutes 34 seconds West 476.50 feet from Southeast Section corner; thence North 89 degrees 12 minutes 34 seconds West 413.25 feet; thence North 01 degrees 30 minutes 36 seconds East 1062.00 feet; thence South 89 degrees 12 minutes 34 seconds East 413.25 feet; thence South 01 degrees 30 minutes 36 seconds West 1062.00 feet to the point of beginning. Parcel No. 11-03-400-016. 13 Highland Oaks County Park Joseph Hodges Property Location: Vacant land near the intersection of Milford Road and White Lake Road, Highland Township at southeast corner of Highland Oaks County Park. Owner(s): Joseph D. Hodges, III Living Trust. Parcel No. 11-03-300-015 and 11-03-400-016. Parcel size: Total of 20.14-ac. (two adjoining 10.07-ac. parcels) Property Description: Partially open and somewhat rolling (see attached.exhibit). Buildings; None. Zoning: A-2, Agricultural. 10-ac. minimum site. State Equalized Value $102,480 each. Appraised value: $240,000 ($120,000 each parcel). Purchase Price: $240,000. Earnest money Deposit: $25,000. Cash sale, Mh4/9/09 800 400 200 0 D rIc Hodges Property Owner. Joseph D. Hodges Parcel Parcel ID i v irnnhi Feet =Highland Oaks Hodges Property i Highland Oaks County PaO Resolution #09112 May 7, 2009 The Chairperson referred the resolution to the Finance Committee. There were no objections. F2A1E COMMITTEE FISCAL NOTE (MISC. #09112) May 21, 2009 BY: Finance Committee, Tom Middleton, Chairperson IN RE: PARKS AND RECREATION COMMISSION AND DEPARTMENT OF FACILITIES MANAGEMENT — APPROVAL AND ACCEPTANCE OF PURCHASE AGREEMENT - PARCEL NO. 11-03-400-015 and 11-03-400- 016, VACANT MILFORD ROAD FOR EXPANSION OF HIGHLAND OAKS COUNTY PARK To the Oakland County Board of Commissioners Chairperson, Ladies and Gentlemen: Pursuant to Rule XII-C of this Board, the Finance Committee has reviewed the above referenced Miscellaneous Resolution and finds: 1. The Oakland County Parks and Recreation Commission is seeking approval and acceptance of a purchase agreement between the County of Oakland and Joseph D. Hodges for the purchase of property parcels no. 11-03-400-015 and 11-03-400-016 at vacant Milford Road, Highland, Michigan. 2. The negotiated price is in the amount of $240,000. The land purchase will expand the current acreage of Highland Oaks County Park. 3. The purchase agreement was recommended for approval by the Oakland County Parks and Recreation Commission on April 15, 2009. 4. No Oakland County General Fund/General Purpose funding is required for this acquisition. 5. Sufficient funding is available in the Oakland County Parks and Recreation Commission's Fiscal Year 2009 Capital Improvement Program Budget. No budget amendment is recommended. FINANCE COMMITTEE Motion carried unanimously on a roll call vote with Gingell absent. Resolution #09112 May 21, 2009 Moved by Gosseiin supported by Schwartz the resolutions (with fiscal notes attached) on the Consent Agenda be adopted (with accompanying reports being accepted), AYES: Burns. Capello, Coulter, Douglas, Gershenson, Gingell, Gosselin, Greirnel, Jackson, Jacobsen, Long, Middleton, Nash, Potter, Potts, Runestad, Schwartz, Scott, Taub, Zack, Bullard. (21) NAYS: None. (0) A sufficient majority having voted in favor, the resolutions (with fiscal notes attached) on the Consent Agenda were adopted (with accompanying reports being accepted). I HEREBY APPROVE THE FOREGOING RESOLUTON ACTING PURSUANT TO 1973 PA 139 STATE OF MICHIGAN) COUNTY OF OAKLAND) I. Ruth Johnson, Clerk of the County of Oakland, do hereby certify that the foregoing resolution is a true and accurate copy of a resolution adopted by the Oakland County Board of Commissioners on May 21, 2009, with the original record thereof now remaining in my office. In Testimony Whereof, I have hereunto set my hand and affixed the seal of the County of Oakland at Pontiac. Michigan this 21st day of May, 2009. Ruth Johnson, County Clerk