Sale and Purchase Agreement with Ada County Highway District ACHD for 3595 W UstickADA COUNTY RECORDER Christopher D. Rich AMOUNT .00
BOISE IDAHO 06/19/14 12:22 PM
DEPUTY Baile
RECORDEDIC REQUEST OF III I�IIIIIIIIIIIIIIIIIIIIIIIIIIIII III
Meridian City 114048097
SALE AND PURCHASE AGREEMENT
THIS SALE AND PURCHASE AGREEMENT (the "Agreement") is made and
entered into this is day of , 2014, by and between ADA
COUNTY HIGHWAY DISTRICT ("ACHD"), a body politic and corporate of the state of
Idaho, and CITY OF MERIDIAN("Buyer"); WITNESSETH:
FOR GOOD AND SUFFICIENT CONSIDERATION, IT IS AGREED:
SECTION 1. Definitions. As used in this Agreement, the following terms shall have the
following meanings:
(a) The term "Closing Date" shall mean _-c �e-, ` 20
(b) The term "Deed" shall mean the form ofdeed attached hereto as Exhibit
I{ 1 fl
(c) The term "Property" shall refer to that certain parcel of real property
described on Exhibit "A" to the Deed.
SECTION 2. Recitals.
2.1 ACHD has determined that the Property is not needed by and no longer
useful to ACHD and has the statutory authority to sell the same.
2.2 For the price and on the terms and conditions hereinafter set forth, Buyer
is willing to purchase the Property from ACHD and ACHD is willing to sell,
grant and convey the Property to Buyer.
SECTION 3. Agreement to Sell and Purchase. ACHD hereby agrees to sell, grant and
convey the Property to Buyer, and Buyer hereby agrees to purchase the Property from
ACHD for the price and on the terms and conditions hereinafter set forth.
SECTION 4. Purchase Price: Closing: Possession.
4.1 The purchase price to be paid by the Buyer for the Property is EIGHTEEN
THOUSAND DOLLARS ($18,000.00).
4.2 The closing under this Agreement shall take place at the offices of ACHD
on the Closing Date, by the delivery to ACHD of Buyer's cash or cashier's check
drawn on a national bank or state of Idaho chartered bank made payable to
ACHD in the amount of the purchase price in return for the delivery to Buyer of
the Deed, duly executed by ACHD and acknowledged in form suitable for
recording. Buyer shall be entitled to possession of the Property on receipt of the
executed Deed.
Deed, page 1
(5-27-08)
SASurplus Properties\3595 W Ustick\5Sale Contract & Sample Quitclaim.Doc