1/27/98
PURCHASE AND SALE AGREEMENT
RECITALS
A. Seller is the owner of certain real property located
in the Town of Oxford, County of New Haven, State of
Connecticut described in Exhibit A attached hereto and
incorporated herein by this reference.
Said real property, together with any and all
improvements, fixtures, timber, water and/or minerals located
thereon and any and all rights appurtenant thereto including
but not limited to timber rights, water rights, grazing rights,
access rights and mineral rights, shall be referred to in this
Agreement as the "Subject Property".
B. Seller acknowledges that Buyer is entering into this
Agreement in its own right and that Buyer is not an agent of
any governmental agency or entity.
C. Buyer is a conservation organization having among its
purposes the acquisition on behalf of the public of open space,
scenic and recreational lands. Buyer is exempt from taxation
under Section 501(c)(3) of the Internal Revenue Code and is
included in the "Cumulative List of Organizations described in
Section 170 (c) of the Internal Revenue Code" published by the
Internal Revenue Service. Buyer is a nonprofit organization
organized for the purpose of holding undeveloped land in trust
for conservation or recreation purposes within the meaning of
Connecticut General Statutes Section 12-498(a)(16). Buyer is
not a private foundation within the meaning of Section 509(a)
of the Internal Revenue Code.
D. Seller believes that the purchase price for the
Subject Property which is specified in this Agreement is below
fair market value. Seller intends that the difference between
the purchase price and fair market value shall be a charitable
contribution to Buyer. However, Buyer makes no representation
as to the tax consequences of the transaction contemplated by
this Agreement. Seller will obtain independent tax counsel and
be solely responsible for compliance with the gift value
substantiation requirements of the Internal Revenue Code. To
the extent that the purchase price is below the fair market
value, the parties agree that it does not reflect the existence
of defects in the Subject Property, such as environmental
conditions requiring remediation, known to Seller or Buyer.
THE PARTIES AGREE AS FOLLOWS:
1. Parties and Premises. Birmingham Utilities, Inc., a
public service company, having a place of business in Ansonia,
County of New Haven, State of Connecticut which shall be
referred to as "Seller", agrees to SELL, and The Trust for
Public Land ('nc.), a nonprofit California public benefit
corporation, with a place of business in New Haven,
Connecticut, which shall be referred to as "Buyer", agrees to
BUY, upon the terms hereinafter set forth, certain real
property located in the Town of Oxford, County of New Haven,
State of Connecticut described in Exhibit A attached hereto and
incorporated herein by this reference. Said real property,
together with any water, timber or minerals located thereon and
any and all rights appurtenant thereto, including but not
limited to water, timber, mineral and access rights, shall be
referred to as the "Subject Property". The Subject Property is
being sold "As Is", subject to the terms and conditions of this
purchase and sale agreement (the "Agreement").
2. Deed and Title. Seller shall convey to Buyer (or its
nominee or assignee, as permitted under Paragraph 21 herein,
designated in writing five (5) days prior to closing) a good
and sufficient marketable title to an indefeasible estate in
fee simple, by Connecticut-form Warranty Deed containing the
usual covenants warranting good title in fee simple free from
all encumbrances (subject only to the exceptions hereinafter
set forth), in or to the Subject Property, as applicable.
Said premises shall be conveyed subject only to the
following:
(a) Real estate taxes of the Town of Oxford on the
current list, which taxes the Buyer will assume and
agree to pay, subject to a proration of current
taxes as hereinafter provided.
(b) Building and building line restrictions and zoning,
planning and other municipal regulations of the Town
of Oxford as in effect on the date hereof.
(c) Any state of facts which a physical inspection or
survey might disclose, provided same do not render
title unmarketable.
(d) Any balance, not delinquent as of closing, on any
sewer, water, sidewalk or other municipal
improvement lien or caveat.
(e) Any and all provisions of any ordinance, municipal
regulation or public and private law.
(f) Easements in favor of the Seller as more
particularly shown on a recordable plan provided by
Seller for (i) the installation, use, operation,
maintenance, repair, and replacement of water meter
pits on the Subject Property.
(g) A covenant running with the land restricting the use
of 75% of the Subject Property to open space as
defined by Connecticut statute.
If Seller shall be unable to convey good clear record and
marketable title to Buyer at closing, Buyer shall have the
option to (a) close the transaction and accept such title as
Seller can convey; or (b) cancel this Agreement, in which event
all sums paid hereunder shall be returned to the Buyer and
neither party shall have any further liabilities or obligations
to the other; provided, however, before Buyer may exercise this
option, it must afford the Seller the opportunity to postpone
the closing for a period of time up to thirty (30) days in
order that Seller may, if it so desires, attempt to remedy the
alleged title defect.
Nothing shall constitute an "unmarketable" encumbrance,
lien, or exception to title for purposes of this Agreement if
the Standards of Title of the Connecticut Bar Association
recommends that no corrective or curative action is necessary
in circumstances substantially similar to those presented by
such encumbrance, lien, or exception to title. Violations, at
the time of closing of title, of any governmental (including
zoning and planning) rules, regulations or limitations shall
constitute exceptions to title for the purposes of this
Agreement only if such violations substantially impair the use
of the Subject Property (as applicable) for open-space land or
other municipal uses within the unrestricted portion of the
Subject Property, or if the Buyer has been unable to obtain
title insurance without additional premium from a title
insurance company licensed in the State of Connecticut.
Buyer shall complete its review of title, and provide
Seller with a list of any objectionable title exceptions,
within 90 days of the signing of this Agreement (the "Due
Diligence Period"). Seller shall provide Buyer with a current
survey of the Subject Property, and Buyer shall have 30 days
from the date of receipt to review said survey and provide
Seller with a list of any survey objections.
3. Purchase Price. The agreed purchase price (the
"Purchase Price") for the Subject Property is Three Million Two
Hundred Twenty Thousand Dollars ($3,220,000), of which
$ 1,000 have been paid as a deposit this day,
$ 10,000 are to be paid within 15 days after
the completion of the Due Diligence
Period (the "Deposits"), and
$3,209,000 are to be paid in certified funds at
the Time of Closing (as hereinafter
defined).
$3,220,000 Total
4. Date and Place of Closing. Final settlement of the
obligations of the parties hereto at closing ("Closing") shall
occur at such date, place and time as Buyer designates;
provided, however, said date shall occur within forty-five (45)
days after the later to occur of (1) the successful completion
of all votes needed by the Town of Oxford in order for the Town
to acquire the Subject Property, and (2) approval by the
Connecticut Department of Public Utility Control (DPUC), in
each case as provided for in Paragraph 30 herein, or as
otherwise agreed to by the parties, at such date, place and
time as the parties shall mutually agree. Notwithstanding the
foregoing, however, in no event shall any Closing hereunder
occur after December 31, 1998. If Buyer has performed in
conformance with the terms of this Agreement, and this
Agreement is terminated because Closing cannot occur prior to
December 31, 1998 because of circumstances over which Seller
has control, then Seller shall reimburse Buyer for its
documented out of pocket expenses incurred in connection with
Buyer's due diligence and efforts to win approval of the Town
of Oxford, excluding staff time and overhead. Buyer and Seller
hereby acknowledge and agree that time is of the essence for
each and every term of this Agreement. The parties agree that
Buyer may arrange a simultaneous closing with a public agency
or municipality and Seller will cooperate in coordinating such
a simultaneous closing.
5. Title Insurance. Buyer may, at Buyer's sole cost and
expense, purchase an ALTA owner's policy of title insurance
(Owner's Form B-1970) in the full amount of the Purchase Price
insuring that title to the Subject Property is vested in Buyer
at Closing subject only to the exceptions noted in Section 2.
6. Seller's Covenants.
Seller covenants that, from and after the date hereof
until the Closing, Seller will not:
(a) make or suffer to be made any leases, contracts,
options or agreements whatsoever affecting the Subject
Property, nor shall Seller cause or permit any lien,
encumbrance, mortgage, deed of trust, right, restriction or
easement to be placed upon or created with respect to the
Subject Property, except with the written consent of Buyer,
which consent shall not be unreasonably withheld, conditioned
or delayed;
(b) remove or permit the removal of any vegetation,
soil or minerals from the Subject Property or disturb or suffer
the disturbance of the existing contours and/or other natural
features of the land in any way whatsoever;
(c) cause or permit any dumping or depositing of any
materials on the Subject Property, including, without
limitation, garbage, construction debris or solid or liquid
wastes of any kind; or,
(d) cause or permit any default beyond the
applicable cure period under any mortgage or deed of trust
covering the Subject Property, or cause or permit the
foreclosure of any other lien affecting the Subject Property.
Seller shall promptly cure, at Seller's sole cost and
expense, each and every breach or default of any covenant set
forth in this paragraph upon receipt of notice thereof by
Buyer. Buyer shall have the right, but no obligation, to cure
or cause to be cured any such breach or default, at Seller's
sole cost and expense if, in Buyer's reasonable judgment,
Seller has failed to promptly or completely cure the same or if
such action on Buyer's part is reasonably necessary to preserve
and protect the natural, scenic or other open space values of
the Subject Property. The reasonable costs of such cure
attempted or effected by Buyer may, at Buyer's election, be
credited against the balance of the purchase price due and
payable at Closing.
7. Seller's Representations and Warranties. Seller
makes the following representation and warranty:
a. Seller has full power and authority to enter
into this Agreement (and the persons signing this Agreement for
Seller if Seller is not an individual have full power and
authority to sign for Seller and to bind it to this Agreement)
and to sell, transfer and convey all right, title and interest
in and to the Subject Property, subject to the prior approval
of the DPUC, and subject to any and all statutory rights of
purchase in favor of third parties.
8. Deposits and Remedies upon Default. All Deposits
made hereunder shall be held by Seller as xxxxxxx money for the
proper performance on the part of Buyer subject to the terms of
this Agreement and shall be duly accounted for at Closing. In
the event Seller defaults in the performance of any of Seller's
obligations under this Agreement, Buyer shall, in addition to
any and all other remedies provided in this Agreement or at law
or in equity, have the right of specific performance against
Seller. The parties acknowledge that Seller has no adequate
remedy at law in the event of Buyer's failure to fulfill its
obligations hereunder to purchase the Subject Property because
it is impossible to compute exactly the damages that would
accrue to Seller in such event. The parties have therefore
taken these facts into account in setting the amounts of the
Deposits and hereby agree that: (i) such $11,000.00 amount is
the best pre-estimate of such damages which would accrue to
Seller; (ii) said $11,000.00 amount represents damages and not
any penalty against Buyer; and (iii) if Buyer shall fail to
fulfill Buyer's obligations hereunder, said $11,000.00 amount
paid hereunder by Buyer shall be retained by Seller as its full
and liquidated damages in lieu of all other rights and remedies
which Seller may have against Buyer at law or in equity for
such failure.
9. Environmental Assessment. Buyer's obligation to
purchase the Subject Property pursuant to this Agreement shall
be contingent upon a determination by Buyer that the
environmental conditions at the Subject Property are acceptable
to Buyer.
a. On or before the expiration of the Due Diligence
Period, Buyer, through its employees and agents, may enter
upon the Subject Property for the purpose of accomplishing
an environmental assessment of the soils, water and
improvements (the "Environmental Assessment") at Buyer's
sole cost and expense. Should Buyer determine, in its sole
discretion, based on its investigations of the Subject
Property, that the environmental conditions at the Subject
Property or adjacent property are unacceptable on or
before the end of the 90 day Due Diligence Period, Buyer
shall so notify Seller, and Seller shall use its best
efforts, up to an expenditure of $5,000, to remove such
unacceptable condition by Closing. In no event shall
Seller be required to expend more than $5,000 to cure such
unacceptable condition. In such case where the cost of
curing an unacceptable condition exceeds $5,000, and
Seller elects not to cure said condition, Buyer may elect
to terminate this Agreement, in which case Buyer shall
have no obligation to purchase the Subject Property, and
all Deposits paid under the terms of this Agreement shall
promptly be refunded. Buyer shall restore Subject Property
to its original condition if it is disturbed as a result
of the environmental inspections.
10. Risk of Loss. All risk of loss shall remain with
Seller until Closing. In the event the Subject Property is
destroyed or damaged prior to Closing, Buyer shall have the
right at its option to terminate this Agreement by written
notice to Seller, and thereupon Seller shall refund to Buyer
the full amount of the Deposits. Seller shall notify Buyer in
writing of any damage to or destruction of the Subject Property
within five (5) days after Seller learns of such damage or
destruction.
11. Condemnation. In the event of the taking of all or
any part of the Subject Property by eminent domain proceedings,
or the commencement of such proceedings prior to Closing, Buyer
shall have the right, at its option, to terminate this
Agreement by written notice to Seller, in which case Seller
shall promptly refund to Buyer the Deposits. If Buyer does not
so terminate the Agreement, then Buyer may, at its option,
either (i) proceed to Closing with the Purchase Price reduced
by the total of any awards or other proceeds received or to be
received by Seller as a result of such proceedings, or (ii)
proceed to Closing with an assignment by Seller of all Seller's
right, title and interest in and to any and all such awards and
proceeds. Seller shall notify Buyer in writing of any eminent
domain proceedings affecting the Subject Property within five
(5) days after Seller learns of such proceedings.
12. Adjustments. Adjustments for taxes and the like
shall be made to the date of the Closing in accordance with the
closing customs of the bar of the County of New Haven. The
parties acknowledge that the conveyance of the Subject Property
from Seller to Buyer, or to Buyer's permitted nominee or
assignee under Paragraph 21 herein, is exempt from real estate
conveyance taxes.
13. Notices. All notices pertaining to this Agreement
shall be in writing delivered to the parties personally, by
fax, commercial express courier service or by first class
United States mail, postage prepaid, addressed to the parties
at the addresses set forth below. All notices given personally,
by fax or by commercial express courier service shall be deemed
given when received. All notices given by mail shall be deemed
given when deposited in the mail, first class postage prepaid,
addressed to the party to be notified. The parties may, by
notice as provided above, designate a different address to
which notice shall be given.
SELLER: BUYER:
Birmingham Utilities, Inc. The Trust for Public Land (Inc.)
000 Xxxxxx Xxxxxx 00 Xxxxx Xxxxxx
X.X. Xxx 000 Xxxxxx, XX 00000
Xxxxxxx, XX 00000 Attn: Xxxxxx Xxxxxx Xxxxxxxx, Jr.
Attn: Xxxxx Xxxxxx-Xxxx, Chairwoman Senior Project Manager
Tel: (860) Tel: (000) 000-0000
Fax: (860) Fax: (000) 000-0000
Copies of any notice to Seller Copies of any notice to Buyer
should also be sent to: should also be sent to:
Xxxxxx X. Xxxxxxx, XX, Esq. The Trust for Public Land (Inc.)
Xxxxx Xxxxxx & Xxxxxx, LLP 00 Xxxxx Xxxxxx, 0xx Xxxxx
Xxxx Xxxxx/00xx Xxxxx Xxxxxx, XX 00000
Xxxxxxxx, XX 00000-0000 Attn: Xxxxx X. Xxxxx, Esq.
Tel: 000-000-0000 Tel: (000) 000-0000
Fax: 000-000-0000 Fax: (000) 000-0000
14. Attorneys' Fees. If any legal action is brought by
either party to enforce any provisions of this Agreement, the
prevailing party shall be entitled to recover from the other
party reasonable attorneys' fees and court costs in such
amounts as shall be allowed by the court.
15. No Broker's Commission. Each party represents to the
other that it has not used a real estate broker in connection
with this Agreement or the transaction contemplated by this
Agreement. In the event any person asserts a claim for a
broker's commission or finder's fee against one of the parties
to this Agreement, the party on account of whose actions the
claim is asserted will indemnify and hold the other party
harmless from and against said claim and the provisions of this
Paragraph 15 shall survive Closing or any earlier termination
of this Agreement.
16. Binding on Successors. This Agreement shall be
deemed a covenant running with the land and shall be binding
upon the parties and also upon their heirs, personal
representatives, assigns, and other successors in interest.
17. Memorandum of Purchase and Sale Agreement.
Concurrently with the signing of this Agreement, the parties
shall sign a Memorandum of Purchase and Sale Agreement in
recordable form in the form of Exhibit B, which is attached to
this Agreement and incorporated herein by this reference. Buyer
shall cause the Memorandum of Purchase and Sale Agreement to be
recorded. In the event Buyer does not acquire the Subject
Property under the terms of this Agreement, Buyer shall, if
requested to do so by Seller, deliver upon demand a quitclaim
deed or release of purchase and sale in a form suitable for
recordation covering the Subject Property so as to eliminate
any cloud on Seller's title to the Subject Property.
18. Additional Documents. Seller and Buyer agree to
execute affidavits customarily required for the issuing of
title insurance protecting against mechanics' liens and parties
in possession and such additional documents as may be
reasonable and necessary to carry out the provisions of this
Agreement.
19. Non-Foreign Certificate. Concurrently with the
execution of this Agreement, Seller shall execute a Non-Foreign
Certificate pursuant to Section 1445 of the Internal Revenue
Code of 1986, as amended, and shall deliver such certificate to
Buyer. Seller acknowledges that if Seller is unable to certify
that it is not a "foreign person," Buyer may be required to
withhold a portion of the Purchase Price at Closing for federal
income tax purposes.
20. Modification: Waiver. This Agreement shall be
construed without regard to any presumption or other rule
requiring construction against the party causing this Agreement
to be drafted. No supplement, modification, waiver or amendment
of this Agreement shall be binding unless specific and in
writing executed by the party against whom such supplement,
modification, waiver or amendment is sought to be enforced. No
delay, forbearance or neglect in the enforcement of any of the
conditions of this Agreement or any rights or remedies
hereunder shall constitute or be construed as a waiver thereof.
No waiver of any of the provisions of this Agreement shall be
deemed or shall constitute a waiver of any other provision,
whether or not similar, nor shall any waiver constitute a
continuing waiver.
21. Assignment of Buyer's Interest. This Agreement shall
not be assigned by Buyer except as specifically provided
herein. The parties hereto agree that the Buyer may assign its
interest in this Agreement to one or more municipalities or to
an organization or entity that is a qualified tax exempt
organization at the time of transfer under Section 170(h) of
the Internal Revenue Code of 1986, as amended, and the
applicable regulations promulgated thereunder. Upon any such
assignment the assignee shall have all the rights and
obligations of the Buyer hereunder. Buyer also may designate a
nominee to take title to the Subject Property at the Closing.
22. Counterparts. This Agreement may be executed in
counterparts, each of which shall be deemed an original and
which together shall constitute one and the same agreement.
23. Severability. Each provision of this Agreement is
severable from any and all other provisions of this Agreement.
Should any provision(s) of this Agreement be for any reason
unenforceable, the balance shall nonetheless be of full force
and effect.
24. Governing Law. This Agreement shall be governed by
and construed in accordance with the laws of the state of
Connecticut, without regard to application of its principles of
conflict of law.
25. Possession. Possession of the Subject Property shall
be delivered on the date of Closing in the same condition as it
is on the date hereof, ordinary wear and tear excepted, free
and clear of the rights or claims of any other party.
26. Seller's Promise to Remove Personal Property. Prior
to Closing, Seller promises to remove or cause to be removed
from the Subject Property at Seller's expense any and all
personal property and/or trash, rubbish or any other unsightly
or offensive materials including but not limited to any
hazardous substance in tanks, barrels, equipment, or containers
on the Subject Property, excluding existing meters and meter
pits, unless otherwise agreed to in writing by Buyer.
Satisfaction of the promises contained herein shall be subject
to Buyer's inspection and approval of the physical condition of
the Subject Property, which approval shall not be unreasonably
conditioned, withheld or delayed. If, on or before the date set
for Closing, Seller has not satisfied the promises contained
herein, Buyer may elect to either (a) defer the Closing until
Seller has satisfied said promises or (b) remove or cause to be
removed said personal property and/or trash, rubbish, or other
offensive materials as described above in which case Buyer
shall be credited at Closing with the amount expended by Buyer
in this regard in order to satisfy Seller's promises contained
herein. Notwithstanding the foregoing, this Paragraph 26 shall
not be construed so as to require Seller to remediate any
hazardous materials identified by Buyer on the Subject
Property, the identification and removal of which are governed
by Paragraph 9 herein.
27. No Merger. The obligations contained in this
Agreement will not survive the Closing unless specifically set
forth herein.
28. Expiration. This Agreement shall be of no force or
effect, and shall be null and void, unless a fully-signed
original of this Agreement, signed by both parties, is
delivered to Buyer and received by Buyer no later than February
15, 1998.
29. Headings. The headings used in this Agreement are
for convenience of reference only and shall not operate or be
construed to alter or affect the meaning of any of the
provisions hereof.
30. Additional Conditions to Closing. Buyer's and
Seller's obligations to perform under the terms of this
Agreement are conditioned upon the following:
Seller's Contingencies:
(a) DPUC Approval. Notwithstanding any provision of
this Agreement to the contrary, Seller's obligation to sell the
Subject Property hereunder is contingent upon Seller obtaining
Final approval from the DPUC (which approval shall become
"Final" only upon the expiration of the applicable appeal
periods without any appeal having been filed or served), for
the sale of the Subject Property to the Buyer pursuant to
Section 16-43 of the Connecticut General Statutes, and upon
final approval by the DPUC, as defined above, of a ratemaking
accounting treatment for the net gain from such sale reasonably
satisfactory to Seller. For the purposes of this Agreement,
"reasonably satisfactory" shall mean comparable to ratemaking
accounting treatments approved by DPUC on comparable pending or
completed sales of other land owned or sold by Seller. Such
satisfaction shall be deemed to have been obtained if the
Seller does not notify the Buyer to the contrary in writing
within five (5) business days after the DPUC's final approval
of the sale and ratemaking accounting treatment. Seller agrees
to submit this Agreement to the DPUC for approval within 35
days after publishing notice of its intention to sell in
accordance with Section 16-50c(b)(2) of the Connecticut General
Statutes, to diligently pursue such application and to supply
to Buyer copies of all appraisals of the fair market value of
the Premises obtained by Seller to be submitted to the DPUC in
connection with Seller's application for approval. If Seller
shall not have received such Final approval by December 15,
1998 Seller shall have the option to terminate this Agreement
and return the Deposits to Buyer in which event the obligations
of the parties hereunder shall terminate and come to an end.
Under such termination, the Deposits shall be retained by
Seller or returned to Buyer in accordance with the provisions
of Paragraph 4, herein.
(b) Buyer acknowledges and agrees that Seller can
not sell the Subject Property until any and all statutory
rights of purchase in favor of third parties have expired or
been waived. If these rights have not expired or been waived by
December 31, 1998, then Seller shall have the right to
terminate this Agreement.
Buyer's Contingencies:
a. Buyer's agreement to purchase the Subject
Property is contingent upon satisfactory results (in Buyer's
sole discretion) from Buyer's title and environmental Due
Diligence as described herein and upon the approval of Buyer's
Board of Directors, which shall be granted or denied before the
end of the Due Diligence Period.
b. Buyer's agreement to purchase the Subject
Property is contingent upon the successful completion of all
municipal votes, including a referendum vote (in whatever
percentage vote is necessary to support a municipal
acquisition) by the Town of Oxford to acquire the Subject
Property, as restricted by the 75% open space requirement in
accordance with Paragraph 2(g) herein, for the Purchase Price.
31. Buyer's Cooperation. The Buyer shall provide, upon
the request from time to time of the Seller, such cooperation
as shall be necessary to enable the Seller to obtain any and
all tax benefits associated with the transactions contemplated
hereunder. The provisions of this Section 34 shall survive the
closing.
IN WITNESS of the foregoing provisions, the parties have
executed and delivered this Agreement as of the date first set
forth above:
SELLER: BUYER:
BIRMINGHAM UTILITIES, INC. THE TRUST FOR PUBLIC LAND (INC.)
By: /s/ Xxxxx Xxxxxx-Xxxx By: /s/ Xxxxx Xxxxxx
Name:Xxxxx Xxxxxx-Xxxx Name:Xxxxx Xxxxxx
Title:Chairwoman Title:Vice President
Date:1/30/98 Date:2/11/98
EXHIBIT A
DESCRIPTION OF SUBJECT PROPERTY
Set forth on pages 12-I and 12-II
Exhibit A
That portion of the following described real property which is
situated entirely in the Town of Oxford:
PARCEL C, situated in said Towns of Oxford and Seymour, is
bounded:
Southeasterly by Xxxxxxxx Road, sometimes known as
Great Hill Road;
Northeasterly, Southeasterly again and Southwesterly
by the Xxxx School District;
Southeasterly again by Xxxxxxxx Road, sometimes
known as Great Hill Road;
Easterly by Moose Hill Road;
Northerly, Easterly again, Northerly again, Easterly
again and Northerly again by land now or formerly of
Xxxxxx X. Xxxxxxxxxx;
Easterly again by land now or formerly of Xxxxxx X.
Xxxxxxxxxx in part and in part by land now or
formerly of Xxxxxx X. Xxxxxxxx Estate;
Northerly again by Xxxxxxx Xxxx;
Westerly, Northerly again, Westerly again and
Northerly again by land now or formerly of Xxxxxx
Xxxxxxx;
Westerly again by Xxxx Xxxxx Xxxx Xxxx, 000 feet,
more or less;
Southerly 320 feet, Easterly again 76 feet,
Southeasterly again, Southwesterly and Northerly
again by land now or formerly of Xxxxxx Xxxxxxx;
Westerly again by Rock House Hill Road.
PARCELS D and E, situated in said Towns of Oxford and Seymour,
is bounded:
Southerly by Squantuck Road;
Easterly, Southerly and Westerly by land now or
formerly of Xxxxx X. Xxxxx or possibly Easterly by
Rock House Hill Road (See NB. below);
Easterly again by Rock House Hill Road;
Northwesterly by land now or formerly of Xxxxxx
Xxxxx, 356 feet;
Northwesterly again by land now or formerly of
Xxxxxx Xxxxx, 821 feet;
Northeasterly by land now or formerly of Xxxxxx
Xxxxx, 318 feet;
Northwesterly again by land now or formerly of
Xxxxxx Xxxxx, 1758 feet;
Northwesterly again by land now or formerly of
Xxxxxx Xxxxx, 328 feet;
Northwesterly again by land now or formerly of the
Xxx Brass Manufacturing Company, 152 feet;
Northwesterly again by land now or formerly of the
Xxx Brass Manufacturing Company, 195 feet;
Northwesterly again by land now or formerly of the
Xxx Brass Manufacturing Company, 1240 feet;
Southerly again by land now or formerly of J.R.
Warner, 2004 feet, being an irregular line;
Southwesterly by land now or formerly of J.R.
Warner, 468 feet;
Southeasterly by land now or formerly of J.R.
Warner, 873 feet;
Southeasterly again by land now or formerly of J.R.
Warner, 400 feet;
Southwesterly again by land now or formerly of J.R.
Warner, 283 feet;
Northwesterly again by land now or formerly of J.R.
Warner, 175 feet;
Southwesterly again by land now or formerly of J.R.
Warner, 200 feet, more or less;
Northwesterly again by land of owners unknown, 370
feet, more or less;
Westerly again by land now or formerly of Xxxxxxxxx
X. Xxxxxx, 212 feet;
Northwesterly again by land now or formerly of
Xxxxxxxxx X. Xxxxxx, 162 feet;
Northeasterly again by land now or formerly of
Xxxxxxxxx X. Xxxxxx;
Northerly by land now or formerly of Xxxxxxxxx X.
Xxxxxx;
Northwesterly again, Westerly again and
Southwesterly again by land now or formerly of Xxxxx
Xxxxxx, in part, and in part by land now or formerly
of Xxxxxxx Xxxxxxx, and being an irregular line.
PARCEL F, situated in said Town of Oxford and possibly in said
Town of Seymour, is bounded:
Southwesterly by Moose Hill Road;
Southeasterly by Xxxxxxxx Road, sometimes known as
Great Hill Road;
Northeasterly by land now or formerly of Xxxx X.
Xxxx;
Northwesterly by land now or formerly of Xxxx X.
Xxxx, in part and in part by land of C. A.
Xxxxxxxxxx.
Together with certain spring rights as contained in a deed
to Xxxxxxx X. Xxxxx from Xxxxxx Xxxxxxxxxxxxxx, dated February
11, 1901 and recorded in Volume 26 on Page 250 of the Oxford
Land Records.
EXHIBIT B
MEMORANDUM OF PURCHASE AND SALE AGREEMENT
THIS AGREEMENT made this ________ day of_______________
199__ by and between Birmingham Utilities, Inc., a Connecticut
corporation, having an office in Ansonia, CT (the "Seller") and
THE TRUST FOR PUBLIC LAND (INC.), a nonprofit California public
benefit corporation, having an office in New Haven, CT
("Buyer").
W I T N E S S E T H:
1. In consideration of the terms, conditions, covenants
and agreements set forth in the Purchase and Sale Agreement
dated __________________, 199__ , Seller granted to Buyer a
right to purchase the real property of Seller described on
Exhibit A attached hereto and made a part hereof.
2. The closing date for the acquisition is not later
than December 31, 1998.
3. The address of Seller is: 000 Xxxxxx Xxxxxx
X.X. Xxx 000
Xxxxxxx, XX 00000
Attn: Xxxxx Xxxxxx-Xxxx
Chairwoman
4. The address of Buyer is: 00 Xxxxx Xxxxxx
Xxxxxx, XX 00000
Attn: Xxxxxx Xxxxxx Xxxxxxxx, Jr.
5. Copies of the Purchase and Sale Agreement are on file
with Seller and Buyer.
IN WITNESS WHEREOF, the parties have executed this
instrument on the date above written.
WITNESSES: Birmingham Utilities, Inc.
By:
Its: Chairwoman
WITNESSES: The Trust for Public Land (Inc.)
By:
Its:
ACKNOWLEDGEMENT
State of )
) ss.
County of )
On this 30th day of January, 1998, before me appeared
Xxxxx Xxxxxx-Xxxx, personally known to me to be the person who
executed the within instrument as Chairwoman of Birmingham
Utilities, Inc., a Connecticut corporation, on behalf of the
corporation.
Notary Public
My commission expires
ACKNOWLEDGEMENT
State of )
) ss.
County of )
On this _______ day of______________________ 199__, before
me appeared _________________________________ personally known
to me to be the person who executed the within instrument as
___________________________________ of The Trust for Public
Land (Inc.), a nonprofit California public benefit corporation,
on behalf of the corporation.
Notary Public
My commission expires
Exhibit A
That portion of the following described real property which is
situated entirely in the Town of Oxford:
PARCEL C, situated in said Towns of Oxford and Seymour, is
bounded:
Southeasterly by Xxxxxxxx Road, sometimes known as
Great Hill Road;
Northeasterly, Southeasterly again and Southwesterly
by the Xxxx School District;
Southeasterly again by Xxxxxxxx Road, sometimes
known as Great Hill Road;
Easterly by Moose Hill Road;
Northerly, Easterly again, Northerly again, Easterly
again and Northerly again by land now or formerly of
Xxxxxx X. Xxxxxxxxxx;
Easterly again by land now or formerly of Xxxxxx X.
Xxxxxxxxxx in part and in part by land now or
formerly of Xxxxxx X. Xxxxxxxx Estate;
Northerly again by Xxxxxxx Xxxx;
Westerly, Northerly again, Westerly again and
Northerly again by land now or formerly of Xxxxxx
Xxxxxxx;
Westerly again by Xxxx Xxxxx Xxxx Xxxx, 000 feet,
more or less;
Southerly 320 feet, Easterly again 76 feet,
Southeasterly again, Southwesterly and Northerly
again by land now or formerly of Xxxxxx Xxxxxxx;
Westerly again by Rock House Hill Road.
PARCELS D and E, situated in said Towns of Oxford and Seymour,
is bounded:
Southerly by Squantuck Road;
Easterly, Southerly and Westerly by land now or
formerly of Xxxxx X. Xxxxx or possibly Easterly by
Rock House Hill Road (See NB. below);
Easterly again by Rock House Hill Road;
Northwesterly by land now or formerly of Xxxxxx
Xxxxx, 356 feet;
Northwesterly again by land now or formerly of
Xxxxxx Xxxxx, 821 feet;
Northeasterly by land now or formerly of Xxxxxx
Xxxxx, 318 feet;
Northwesterly again by land now or formerly of
Xxxxxx Xxxxx, 1758 feet;
Northwesterly again by land now or formerly of
Xxxxxx Xxxxx, 328 feet;
Northwesterly again by land now or formerly of the
Xxx Brass Manufacturing Company, 152 feet;
Northwesterly again by land now or formerly of the
Xxx Brass Manufacturing Company, 195 feet;
Northwesterly again by land now or formerly of the
Xxx Brass Manufacturing Company, 1240 feet;
Southerly again by land now or formerly of J.R.
Warner, 2004 feet, being an irregular line;
Southwesterly by land now or formerly of J.R.
Warner, 468 feet;
Southeasterly by land now or formerly of J.R.
Warner, 873 feet;
Southeasterly again by land now or formerly of J.R.
Warner, 400 feet;
Southwesterly again by land now or formerly of J.R.
Warner, 283 feet;
Northwesterly again by land now or formerly of J.R.
Warner, 175 feet;
Southwesterly again by land now or formerly of J.R.
Warner, 200 feet, more or less;
Northwesterly again by land of owners unknown, 370
feet, more or less;
Westerly again by land now or formerly of Xxxxxxxxx
X. Xxxxxx, 212 feet;
Northwesterly again by land now or formerly of
Xxxxxxxxx X. Xxxxxx, 162 feet;
Northeasterly again by land now or formerly of
Xxxxxxxxx X. Xxxxxx;
Northerly by land now or formerly of Xxxxxxxxx X.
Xxxxxx;
Northwesterly again, Westerly again and
Southwesterly again by land now or formerly of Xxxxx
Xxxxxx, in part, and in part by land now or formerly
of Xxxxxxx Xxxxxxx, and being an irregular line.
PARCEL F, situated in said Town of Oxford and possibly in said
Town of Seymour, is bounded:
Southwesterly by Moose Hill Road;
Southeasterly by Xxxxxxxx Road, sometimes known as
Great Hill Road;
Northeasterly by land now or formerly of Xxxx X.
Xxxx;
Northwesterly by land now or formerly of Xxxx X.
Xxxx, in part and in part by land of C. A.
Xxxxxxxxxx.
Together with certain spring rights as contained in a deed
to Xxxxxxx X. Xxxxx from Xxxxxx Xxxxxxxxxxxxxx, dated February
11, 1901 and recorded in Volume 26 on Page 250 of the Oxford
Land Records.
