HomeMy WebLinkAboutTown of Southold to the Cutchogue Free Library
PF-28' .
Rev. 2/79
Date:
Parties:
Premises:
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NYBTU Form 8041 (Rev. 11178}-CONTRACT OF SALE
WARNING:
NO REPRESENTATION IS MADE THAT THIS FORM OF CONTRACT FOR THE SALE AND PURCHASE OF
REAL ESTATE COMPLIES WITH SECTION 5-702 OF THE GENERAL OBLIGATIONS LAW ("PLAIN
ENGLISH"). CONSULT YOUR LAWYER BEFORE SIGNING IT.
NOTE: FIRE AND CASUALTY LOSSES:
This connaCl form does not provide for what happens in the event of fire or casualty loss before the title closing.
Unless dillerent provision is made in this contract, Section 5-1311 of the General Obligations Law will apply. One part
of that law makes a purchaser responsible for fire and casualty loss upon taking of tide to or possession of the premises.
CONTRACT OF SALE made as of the 30M day of ~ ,1981
BETWEEN TOWN OF SOUTHOLD. a municipa orp ation of the State of New York
having its principal office at Main Road. Sou old. ew York
X'ldxlml!X
hereinafter called "SELLER", who agrees to sell;
and CUTCHOGUE FREE LIBRARY. Main Road. Cutchogue. New York
Address:
hereinafter called "PURCHASER" who agrees to buy the property, including all buildings and improvements
thereon (the "PREMISES"), more fully described as, all that certain plot, piece or parcel of land, with the buildings
and improvements thereon ereaed, situate, lying and being in IIbx Cutchogue. Town of Southold. County
of Suffolk and State of New York. described and bounded as follows:
BEGINNING at a concrete monument at the southwest corner of the premises
hereby conveyed and running thence North 42 degrees 15 minutes West 100 feet
along the property of George A. Gould Estate to a concrete monument; thence
North 37 degrees 47 minutes East 50 feet along lands of Wickham Estate to
another concrete monument; thence South 42 degrees 15 minutes East 100 feet
along lands of Wickham Estate to another concrete monument; thence South 37
degrees 47 minutes West 50 feet along the Main South Highway to the point or place
of BEGINNING.
EXCEPTING AND RESERVING unto the New York Telephone Company. its
successors and assigns. however. all the right, title and interest of the New York
Telephone Company. its successors and assigns. in andto all ducts. conduits,
manholes, cables, wires, poles, fixtures. appurtenances and facilities for
telephone purposes which may presently be located in, on, over, under and througl
the streets adjoining the premises.
ALSO RESERVING unto the New York Telephone Company, its successors an
assigns. the permanent and perpetual rights, privilege, authority, easement and
right of way to place, replace. construct. reconstruct, install. operate, use,
repair, maintain, relocate and remove such ducts, conduits, manholes, cables,
wires. poles. fixtures, appurtenances and facilities for telephone purposes as the
New York Telephone Company. its successors and assigns. may from time to .
time deem necessary in, on, over, under and through the streets adjoining the
premises.
BEING and intended to be the same premises conveyed by the New York
Telephone Company to the Town of Southold by deed dated June 4, 1970 and
recorded in the Suffolk County Clerk's Office on June 10, 1970 in Libel' 6755 of
deeds at page 18.
Said premises is shown and designated on a map entitled "Map of Land
surveyed for Town of Southold at Cutchogue, Town of :,:\outhold. New York" as
surveyed by Van Tuyl & Son on June 3. 1970. a copy of which map is annexed
}wrdo,
Also known as: Street Address:
Tax Map Designation:
1000-102-05-22
Together with SELLER'S interest, if any, in streets and unpaid awards as set forth in Paragraph 9.
Personal
Properly..
Purchase
Price:
Existing
Mortgage(s)c
Acceptable
Funds:
"Sub.iect to"
Provisions:
Title
Com.pany
Approval:
The sale also includes all fixtures and articles of personal property attached to or used in connection with the
PREMISES, unless specifically excluded below. SELLER states that they are paid for and owned by SELLER free and
clear of any lien other than the EXISTING MORTGAGE(S). They include but are not limited to plumbing, heating,
lighting and cooking fixtures, bathroom and kitchen cabinets, mantels, door mirrors, venetian blinds, shades,
screens, awnings, storm windows, window boxes, storm doors, mail boxes, we~ther vanes, flagpoles, pumps I
shrubbery, fencing, outdoor statuary, tool sheds, dishwashers, washing machines, clothes dryers, garbage disposal
units, ranges, refrigerators, freezers, air conditioning equipment and installations, and wall to wall carpeting.
Excluded from this sale are: Furniture and household furnishings,
I. la) The purchase price is
$ 55, 864.00
Payable as follows:
On the signing of this contract, by check subject to collection:
(Inclusive of $500. Bid Deposit)
By allowance for the principal amount still unpaid on EXISTING MORTGAGE(S):
$ 5,586.40
$ -0-
By a Purchase Money Note and Mortgage from PURCHASER (or assigns) to SE';LLER: $ - 0-
BALANCE AT CLOSING:
$ 50,277.60
(01 If thts sale iSsuoJect to an "XI~ II NG1'IIURTGXGE,t11€l"urCllaSeMoney Noii' and Morigage will also provide
that it will remain subject to the priorlien of any EXISTING MORTGAGE even though the EXISTING MORTGAGE
is extended or modified in good faith. The Purchase Money Note and Mortgage shall be drawn on the standard form
of New York Board of Title Underwriters by the attorney for SELLER. PURCHASER shall pay the mort(agerecording
tax, recording fees and the attorney's fee in the amount of $ .' "I6r its prepa~ation.
Ic) If any required payments are made on at} EXISTING MORTGAGE between,n6w and CLOSING which
reduce the unpaid principal amount of an EXISTING MORTGAGE below the atn011'~t shown in paragraph 2, then
the balance of the price payable at CLOSINGwill be adjusted. SELLER agrees-th'at the amount shown in Paragraph 2
is reasonably correct and that only payments required by the EXISTlNG"MORTGAGE will be made.
(d) If there is a mortgage escrow account that is maintaine~e purpose of paying taxes or insurance, ete.
SELLER shall assign it to PURCHASER, if it can be assigned>A1\ that event PURCHASER shall pay the amount in the
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escrow account to SELLER at CLOSING. /"
/
2, The PREMISES will be conveyed subjec~h: continuing lien of "EXISTING MORTGAGE(S)" as follows:
Mortgage now in the unpaid prin~unt of $ and interest at the rate of per cent per
year, presently payable /.. in installments of $ , which include principal,
interest, / and with any balance of principal being due and payable on
/'"
SELLE 4tates that no EXISTING MORTGAGE contains any provision that permits the holder of the
mo age to require its immediate payment in full or to change any other term thereof by reason of the fact of
3. All money payable under this contract unless otherwise specified, shall be either:
a. Cash, but not over one thousand ($1,000.00) Dollars,
b. Good certified check of PURCHASER, or official check of any bank, savings bank, trust company, or savings
and loan association having a banking office in the State of New York, payable to the order of SELLER, or to the order
of PURCHASER and duly endorsed by PURCHASER (if an individual) to the order of SELLER in the presence of
SELLER or SELLER'S attorney.
c. Money other than the purchase price, payable to SELLER at CLOSING, may be by check of PUR CHASER up
to the amount of ($) dollars, or
d. As otherwise agreed to in writing by SELLER or SELLER'S attorney.
4. The PREMISES are to be transferred subject to:
a. Laws and governmental regulations that affect the use and maintenance of the PREMISES, provided that they
are not violated by the buildings and improvements erected on the PREMISES.
b. Consents for the erection of any structures on, under or above any streets on which the PREMISES abut.
c. Encroachments of stoops, areas, cellar steps, trim and cornices, if any, upon any street or highway.
d. Seller represents that said premises are located in a "B-1 General Business
District" under the Southold Town Zoning Code and Seller will deliver at the
title closing a Certificate of Occupancy from the Southold Town Building Inspector
certifying thereto.
5. SELLER shall give and PURCHASER shall accept such title as any reputable title company doing
business in Suffolk County ,a member of The
New York Board ofTicle Underwriters will be willing to approve and insure in accordance with their standard form of
title policy, subject only to the matters provided for in this contract.
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GUOlva.k+ee<i+o Tke. Ti+le GlAQ va t'f tee j
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SURVEYED FOR'
.
TOWN OF SOUTHOLD
AT
CUTCHOGUE
TOWN OF SOUT/-lOLD, N.'!:'
/0<>0 _ 10'), - o.$"- ~;l.
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Sea Ie: 20 ',. I~
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Closing
Defined
And
form of
Deed:
r
.
" .
Closing
Date and
Place:
Broi<er.'
Streets and
Assignment of
Unpaid Awards:
Mortgagee's
Certificate
or Letter as to
Existing
Mortgages(s ).'
Compliance with
State and
Munidpal
Department
Violations
and Orders:
Omit if the
Property is rwt in
the City of New
York:
InstaJJment
Assessment:
Apportionments:
Water Meter
ReadingJ::
AJJowance jor
Unpaid TaxeJ:, eu.:
Use of
PurchaJ:e Price
to Pay
EncumbranceJ::
Alfuiavit as to
Judgments.
Bankruptcies:
.
,.
,
,
,
6. "CLOSING" means the settlement of the obligations of SELLER and PURCHASER to each other under this
contract, including the payment of the purchase price to SELLER, and the delivery to PURCHASER of a
Bargain and Sale deed in proper statutory form for recording so as to transfer
full ownership (fee simple title) to the PREMISES, free of all encumbrances except as herein stated. The deed will
contain a covenant by SELLER as required by Section 13 of the Lien Law.
If SELLER is a corporation, it will deliver to PURCHASER at the time of CLOSING (a) a resolution of its Board of
Directors authorizing the sale and delivery of the deed, and (b) a certificate by the Secretary or Assistant Secretary of
the corporation certifying such resolution and setting forth facts showing that the transfer is in conformity with the
requirements of Section 909 of the Business Corporation Law. The deed in such case shall contain a recital sufficient
to eSlablish cOInpliance with that section.
7. The deed shall be delivered upon the receipt of said payment at the office of
Robert W. Tasker, Town Attorney, 425 Main Street, Greenport, New York, at
'10:00 A. M. thirty (30) days after the effective date of the Town Board Resolution
, authorizing this sale or such time as is mutually agreed to by the parties hereto.
8. PURCHASER hereby states that PURCHASER has not dealt with any broker in connection with this sale other
than
and SELLER agrees to pay the broker the commission earned thereby (pursuant to separate agreement).
9. This sale includes all of SELLER's ownership and rights, if any, in any land lying in the bed of any street or highway,
opened or proposed, in front of or adjoining the PREMISES to the center line thereof. It also includes any right of
SELLER to any unpaid award by reason of any taking by condemnation and/or for any damage to the PREMISES by
reason of change of grade of any street or highway. SELLER will deliver at no additional cost to PURCHASER, at
CLOSING, or thereafter, on demand, any documents which PURCHASER may require to collect the award and
damages. '
I
CLOSIN G signed by the holder of each EXISTIN G MORTGAGE, in form for recordin c
unpaid principal and interest, date of maturity, and rate of interest.
SELLER shall pay the fees for recording such ce . e older of a mortgage is a bank or other institution as
defined in Section 274-a, Re w, it may, instead of/he certificate, furnish an unqualified leuerdated not
more tha ays before CLOSING containing the same information. SELLER hereby states that any
G.
e
e amount of/he
II. a. SELLER will cOIuply with all notes or notices of violations of law or municipal ordinances, orders or
requirements noted in or issued by any governmental department having authority as to lands, housing, buildings,
fire, health and labor conditions affecting the PREMISES at the date hereof. The PREMISES shall be transferred free
of them at CLOSING and this provision shall survive CLOSING. SELLER shall furnish PURCHASER with any
authorizations necessary to make the searches that could disclose these matters.
York prior to CLOSING and a able'
s
y
R at CLOSING. This provision shall
12. If at the time of CLOSING the PREMISES are affected by an assessmem which is or may become payable in
annual installments, and the first installment is then a lien, or has been paid, then for the purposes of this contract all
the unpaid installmems shall be considered due and are to be paid by SELLER at CLOSING.
13. The following are to be apportioned as of midnight of the day before the day of CLOSING:
(a) ReIn!! ilS aHa ,.heR fsllenea. (B) hlten:!lt 8ft EXIETU1C ~tORTC!.CE(E). (e) PY[l..itt..i1J <i..l.~:.!.l:.'b b.~.Jh..u..Lle
in-suranLL pul~(~C:1 a.wl H_IU_H..d.~.....f Lln....,.... ...^Y~,~u5 p.;""'1 ....... CLOSIUG. (d) Taxes, water charges and sewer rents, on
the basis of the fiscal period for which assessed. (e) Fuel, if any. (I) ..",,,It fharg~.
If CLOSING shall occur before a new tax rate is fixed. the apportionment of taxes shall be upon the basis of the
old tax rate for the preceding period applied to the latest assessed valuation.
Any errors or omissions in computing apportionments at CLOSING shall be corrected. This provision shaH
survive CLOSING.
14. lfthere be a water meter on the PREMISES, SELLER shall furnish a reading to a date not more than thirty days
before CLOSING date and the unfixed meter charge and sewer rem, if any, shall be apportioned on the basis of such
last reading.
15. SELLER has the option to credit PURCHASER as an adjustment of the purchase price with the atIlount of any
unpaid taxes, assessmelHS, water charges and sewer rems, (()gether with any inu'rest and penahies (hereon to a dale
not less thall five business days after CLOSING, provided that official bills therefor computed 1O said date are
produced at CLOSING.
16. If there is anything else affecting the sale which SELLER is obligated to pay and discharge at CLOSIN G, SELLER
may use any portion of the balance of the purchase price to discharge it. As an alternative, SELLER may deposit
money with the title insurance company employed by PURCHASER required by it to assure its discharge, but only if
the title insurance company will insure PURCHASER'S title clear of the matter or insure against its enforcement Out of
lhe PREMISES. Upon request made within a reasonable time before CLOSING, PURCHASER agrees to provide
separate certified checks as requested to assist in clearing up these matters.
17. I.f a ~itle examination discloses judgments, bankruptcies orother returns against persons having names the same
as or stmllar to that of SELLER, SELLER shall deliver a satisfaclory detailed affidavit at CLOSING showing that they
are not agamst SELLER.
/)f!f!d nan.if"
and
Recording Taxes:
Purchaser's lien:
Seller's Inability
to convey and
I imitation of
liahili(y:
Cmubtion (I!
Pmp,'rly:
F.ntir('
A~eemrnl:
ChangeJ Must Be
In Writing:
Singular also
Means Plural:
TITLE NO.
18. At CLOSING, SELLER shall deliver a certified check payable to the order of the appropriate State, City or
County officer in the amount of any applicable transfer andlor recording tax payable by reason of the delivery or
recording of the deed, together with any required tax return. PURCHASER agrees to duly complete the tax return and
to cause the check(s) and the tax return to be delivered to the appropriate officer promptly after CLOSING.
19. All money paid on account of this contract, and the reasonable expenses of examination of the title to the
PREMISES and of any survey and survey inspection charges are hereby made liens on the PREMISES and collectable
out of the PREMISES. Such liens shall not continue after default in performance of the contract by PURCHASER.
20. If SELLER is unable to transfer title to PURCHASER in accordance with this contract, SELLER'S sole liability
shall be to refund all money paid on account of this contract, plus all charges made for: (i) examining the title, (ii) any
appropriate additional searches made in accordance with this contract, and (iii) sUlVey and survey inspection charges.
Upon such refund and payment this contract shall be considered cancelled, and neither SELLER nor PURCHASER
shall have any furt her riKhts against the other.
21. PURCHASER has inspeered the buildin!';s on the PRF.MISES and the personal property included in this sale
alld is lhoroughly <H:quaillleu with theirconuition. PURCHASER agrees to purchase thcllI "as is" and ill their present
('C)Julili()J) 'llllj(.(ll() reaS(lllahk use, wear, lear, and natural delerioration between now and CLOSING.PURCHASER
shall have the fl!';ht, after reasonable notice to SELLER, to inspect them before CLOSING.
22. All prior underslandings and aweements between SELLER and PURCHASER are merged in this contract. It
compl<-lely expresses their full agreement. It has heen entered into after full investigation, neither party relying upon
any statellH'Tlls made hy anyone else that are not set forth in this contract.
23. This contract may not be changed or cancelled except in writing. The contract shall also apply to and bind the
distributees, heirs, executors, administrators, successors and assigns of the respective parties. Each of the parties
hereby authorize their attorneys to agree in writing to any changes in dates and time periods provided for in this
contract.
24. Any sin~lar word or term herein shall also be read as in the plural whenever the sense of this contract may
require it.
In Pre~ce",Qf:./ ___ ",---'
~a;(.J'../'<:7
,/ dJJ:/dh ~_' . .P:? .Rdt iff
William R. Pell, III
Supervisor, Town of Southold
CUTCHOGUE FREE LIBRARY
By /__* / L___ L/(,J;
Susan Rosenstreich, President
Closing of title under the within contract is hereby adjourned to
at o'clock, at
as of 19
Dated, 19
For value received, the within contract and all the right, title and interest of the purchaser thereunder are hereby
assigned, transferred and set over unto
and said assignee hereby assumes all obligations of the purchaser thereunder.
Dated, 19
19
; title to be dosed and all adjustments to be made
Purchaser
A ssignee of Purchaser
PREMISES
Section
Block
Lot.
County or T9wn
Street Numbered Address
Recorded At Request of
.
,
,
To:
U-"lIFE TITLE INSURANCE
Company of New York
RETURN BY MAIL TO:
Standard Form of New York
Board of Title Underwriters
Distributed by
U-"lIFE TITLE INSURANCE
Company of New York
___~~.l
Zip No.
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BID
TO THE TOWN BOARD OF THE TOWN OF SOUTHOLD,
SUFFOLK COUNTY, NEW YORK, FOR THE PURCHASE
OF LAND AND BUILDINGS
The undersigned declares that he has carefully examined and fully
understands the attached "Notice to Bidders", "Specifications", and this
form of bid, and that he hereby proposes to purchase the land and buildings
owned by the Town of Southold and located at Main Road (New York Route 25)
at Cutchogue, New York, and more fully described in the form of contract
annexed to the aforesaid Specifications in accordance with the price named
in this bid and in accordance with the Specifications and Notice to Bidders
for the sum of
Fifty five thousand eight hundred sixty four doll
($ 55,864.00
) Dollars.
The undersigned hereby agrees to enter into a contract, in the form
annexed to the Specifications within five (5) days from the date of written
notice of acceptance of this bid.
In the default of the performance of any of these conditions on my part
to be performed, the certified check in the amount of $500. 00 which is
herewith deposited with the Town Board shall be paid to the Town of Southold
for the benefit of said Town as liquidated damages for such default; other-
wise, the certified check deposited herewith will be returned to the under-
signed.
By submission of this bid or proposal, the bidder certifies that:
(a) This bid or proposal has been independently arrived at without collusion
with any other bidder or with any competitor or potential competitor;
(b) This bid or proposal has not been knowingly disclosed and will not be
knowingly disclosed, prior to the opening of bids or proposals for this
project, to any other bidder, competitor or potential competitor; (c) No
'f',..
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attempt has been or will be made to induce any other person, partnership
or corporation to submit or not to submit a bid or proposal; (d) The
person signing this bid or proposal certifies that he has fully informed
himself regarding the accuracy of the statements contained in this certifi-
cation, and under the penalties of perjury, affirms the truth thereof, such
penalties being applicable to the bidder as. well as to the person signing in
its behalf; (e) That attached hereto (if a corporate bidder) is a certified
,
copy of resolution authorizing the execution of this certificate by the
signator of this bid or proposal in behalf of the corporate bidder.
Dated:
July 10,1981
L...:./ ~-,.,;J~U"A
Signature of Bidder
Susan Rosenstreich, President
Cutchogue Free Library
Main Road, Cutchogue, N.Y.
11935
Business Address of Bidder
.
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"
CERTIFIED COPY OF RESOLUTION
AUTHORIZING THE EXECUTION OF
NON-COLLUSIVE BIDDING CERTIFICA-
TION IN BEHALF OF CORPORATE
BIDDER
RESOL VED THAT
Outchogue Free Library
(Name of Corporation)
be authorized to sign and submit the bid or proposal of this corporation for
the following project: Purchase of lal).d and buildings from the Town of
Southold, Suffolk County, New York,' and to include in such bid or proposal
the certificate as to non-collusion required by Section 103-d of the General
Municipal Law as the act and deed of such corporation, and for any inaccu-
racies or misstatements in such certificate this corporate bidder shall be
liable under the penalties of perjury.
The foregoing copy is a true and correct copy of the resolution
adopted by Outcholrue Free Library
corporation at a
meeting of its Board of Directors held on the 6th day of July
1981.
L_ .)/ L~_E"t/'1
/President Treasurer
(Seal of the
Corporation)
NOTICE TO BIDDERS
NOTICE IS HEREBY GIVEN that sealed bids are sought and requested
by the Town Board of the Town of Southold, Suffolk County, New York, for
the sale of land and buildings of the Town (former Justice Court property
at Cutchogue, New York)
The sealed bids will be received by said Town Board at the Town Clerk's
Office, Southold Town Hall, Main Road, Southold, New York, until 3 :Oop. M.
(E.S.T.)on July 10, 1981, at which time and place they will be
publicly opened and read aloud. Specifications containing the terms of sale
can be examined and obtained at the Southold Town Clerk's Office, Main
Road, Southold, New York.
Bids must be upon and in accordance with the form of bid prepared by
the Town Attorney, which bids shall be made and will be received upon the
following conditions:
Each bid must be accompanied by the deposit of a certified check made
payable to the order of the Town of Southold in the amount of Five Hundred
($500.00) Dollars, conditioned that if the bid is accepted, the successful
bidder will enter into a contract within five (5) days from the date of written
notice of the acceptance of the bid.
All deposits except that of the successful bidder will be returned.
Upon the acceptance of his bid, if the successful bidder fails to enter
into a contract pursuant to the requirements of the Town, then the check
deposited with the bid and the moneys standing to the credit of the same,
shall be forfeited to the Town of Southold as liquidated damages.
The Town Board of the Town of Southold reserves the right to reject
any and all bids and to wai ve any and all informality in any proposal should
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it be deemed in the best interest of the' Town of Southold.
All bids must be signed and enclosed in a sealed envelope plainly
marked "Bid for Real Property" and addressed to the Town Board, Town of
Southold, Southold, New York.
Dated: June 9, 1981
TOWN BOARD, TOWN OF SOUTHOL
BY JUDITH T. TERRY
TOWN CLERK
PLEASE PUBLISH ONCE, JUNE 25, 1981, AND FORWARD ONE AFFIDAVIT OF
PUBLICATION TO JUDITH T. TERRY, TOWN CLERK, TOWN HALL, MAIN ROAD,
SOUTHOLD, NEW YORK 11971.
Copies to the following on June 23, 1981:
The Suffolk Times
L.I. Traveler-Watchman
Town Board Members
Highway Superintendent Dean
Town Clerk Bulletin Board
-2-
SPECIFICATIONS FOR THE SALE
OF LAND AND BUILDINGS BY THE
TOWN OF SOUTHOLD
GENERAL INFORMATION
1. By these specifications, the Town Board of the Town of Southold
(Town) requests bids for the sale of a parcel of land owned by the Town,
located on the north side of Main Road (New York Route 25) at Cutchogue.
Town of Southold, Suffolk County, New York, together with the buildings and
improvements erected thereon. The parcel has an area of approximately
5,000 square feet, is shown on the Suffolk County Tax Map as District
1000, Block 102, Section 05, Lot 22, and is more fully described in the form
of contract hereunto annexed and made a part hereof. The property is zoned
"B-1 General Business" under the Southold Town Zoning Code.
2. The sale shall be subject to a permissive referendum pursuant to the
applicable provisions of the Town Law.
TERMS OF SALE
1. The minimum bid shall be in an amount of not less than Fifty
Thousand ($50,000.00) Dollars. Any bid submitted in an amount of less than
$50,000.00 shall be deemed not to comply with the bidding requirements and
shall be rejected.
2. The bidder whose bid is accepted by the Town Board shall be deemed
the purchaser (subject to the taking effect of a resolution adopted by the Town
Board, subje ct to a permissi ve referendum). In the event that the bidder
whose bid is accepted by the Town Board shall fail to comply with the terms
and conditions of these Specifications and the annexed contract, at the option
of the Town Board, the property may be re -offered upon the same terms and
conditions and such bidder will be held liable for any deficiency there may
be between the sum for which the property may be sold upon the re-sale, or
\
the Town Board may, at its option, retain the bid deposit as liquidated
damages.
3. The bidder whose bid is accepted by the Town Board shall be
required, within five days after written notice of such acceptance, to execute
a contract of sale in the form annexed hereto at which time such bidder
shall pay to the Town, by check subject to collection, a sum which together
with the bid deposit shall equal ten percent (10%) of the bid price.
4. The Town Board reserves the right to reject any and all bids if it,
in the exercise of its discretion, deems it in the interest of the Town to do
so. The Town Board shall accept or reject bids within twenty (20) days
after bids are opened. In the event that the Board rejects all bids, the bid
deposits will be returned to the bidders within ten (10) days thereafter. The
bid deposits of unsuccessful bidders will be returned within ten (10) days
after the successful bidder has executed the contract of sale.
5. Interested bidders may inspect the premises during business hours
by appointment arranged through the Town Clerk. Neither the Town, nor
any of its officers, agents or employees have made and do not make any
representations as to the physical condition of the premises, it bE/ing under-
stood that the premises is being sold "AS IS".
6. All bids shall be upon the bid form prepared by the Town, shall be
enclosed in a sealed envelope addressed to Judith T. Terry, Town Clerk,
Southold Town Hall, Main Road, Southold, New York 11971, and shall have
marked on the envelope "Bid for Real Property".
7. Each bid shall be accompanied by a bank or certified check made
payable to the Town of Southold in the amount of $500.00.
8. All Bidders are advised that, pursuant to the provisions of the
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Town Law, a conveyance by the Town of Southold of real property owned by
it, may only be made by the Town Board by the adoption of a resolution
authorizing such conveyance, which resolution is subject to a permissive
referendum. Accordingly, the acceptance of any bid by the Town Board
shall be conditioned upon the adoption and taking effect of a resolution
of the Town Board, subject to a permissive referendum.
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JUSTICE COURT PROPERTY
MAIN ROAD. CUTCnOGUE I
TOWN OF SOUTHOLD,
Seller
To
CUTCHOGUE FI\EE LIBRARY,
Purchaser
CONTRACT OF SALE
7/S'()/n
ROBERT W. TASKER
ATTORNEY AT LAW
425 MAIN STRE:E:T
GREENPORT, NEW YORK 11944
516-477-1400
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