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Prepared by Charlottesville City Attorney’s Office Date: June 14, 2017 AG REEMENT Sale of Land to Southern Property, LLC (Lot Containing 6,043 s.f. on Baylor Lane) TH IS AGREEMENT is made this _______ day of _______________, 201 7 between the CITY OF CHARLOTTESVILLE, VIRGINIA , a political subdivision of the Commonwealth of Virginia , P.O. Box 911, Charlottesville, Virginia 22902 , hereinafter referred to as “Seller” or “City”, and SOUTHERN PROPERTY, LLC , a Virginia limited liability company, hereinafter referred to as “Purchaser”, whose address is 170 South Pantops Drive, Charlottesville, VA 22911. W ITNESSETH: W HEREAS , Seller is the owner of certain real property, approximately 6,043 square feet in area, located in the City of Ch arlottesville, Virginia, designated as Parcel 45.10 on City Tax Map 26, to be addressed as 162 Baylor Lane, shown on the attached Plat made by Draper Aden Associates, dated January 2, 2015, last revised October 19, 2016, of record in the Charlottesville Circuit Court Clerk’s Office as Instrument No. 201700000618 (the “Property”); and W HEREAS, Seller has agreed to sell to Purchaser for the purchase price of Eighty Thousand One Hundred and One Dollars ($80,101.00 ) the Property and all improvements thereon a nd appurtenances thereto belonging, and Purchaser has agreed to purchase said Property from Seller, subject to the conditions outlined in Section II below; N OW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, Seller and Purchaser do hereby set forth their agreement as follows: I .AGREEMENT TO CONVEY S eller agrees to convey by General Warranty Deed to Purchaser, and Purchaser agrees to purchase from Seller, the real property referred to herein as the “Property,” which is more particularly described as follows, to-wit: A ll that certain lot or parcel of land, approximately 0.139 acre or 6,043 square feet in area, designated as Parcel A on a plat made by Draper Aden Associates, dated January 2, 2015, last revised October 19, 2016, of record in the Charlottesville Circuit Court Clerk’s Office as Instrument No. 201700000618 (the “Plat”), and attached to this Agreement. After the Plat was recorded on February 17, 2017, City Council approved a waiver of the critical slopes restrictions on the Property, which expanded the allowable building site and placed a pedestrian access easement within the boundaries of the existing storm drain easement crossing the Property. I I.TERMS AND CONDITIONS The Purchaser’s obligations under this Agreement are expressly contingent upon all of the
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