Assignment of Land Purchase OptionASSIGNMENT OF LAND PURCHASE OPTION
KNOW ALL MEN BY THESE PRESENTS:
That the undersigned, CITY OF KALISPELL, a municipal
corporation organized and existing under the laws of the State of
Mcntana, P.O. Box 1997, Kalispell, Montana 59901-1997 hereinafter
ASSIGNOR, for and in consideration of the sum of One Thousand
and Five Hundred Dollars ($1500.00), in hand paid, the receipt
and sufficiency of which is hereby acknowledged, and other good
and valuable consideration, hereby gives and grants to WAREHOUSE
INDUSTRIES, INC., a Washington Corporation-- dba TIDYMAN'S, 17515
Appleway, Greenacres Washington 99016, hereinafter called
ASSIGNEE, all ASSIGNOR'S right, title, and interest in that
certain LAND PURCHASE OPTION dated the 2nd day of July, 1991,
executed by Thomas Printing, Inc., a Montana Corporation, wherein
Thomas Printing, Inc. granted to the ASSIGNOR and ASSIGNEE an
irrevocable option to jointly purchase for the sum of Two Hundred
Sixty Thousand Dollars ($260,000.00) all that lot, tract, or
parcel of land and premises with the buildings and improvements
located thereon, owned by Thomas Printing, Inc., and more
particularly described as follows:
Lots One (1), Two (2) and Three (3), Block 24,
Kalispell Original, Kalispell, Montana, according to
the map or plat thereof on file and of record in the
office of the Clerk and Recorder of Flathead County,
Montana.
ASSIGNMENT - Page 1 of 4
1) The purpose of this ASSIGNMENT is to allow ASSIGNEE to
obtain from Thomas Printing, Inc. fee simple interest in the
above described real property, together with the improvements
located thereon. The execution of this ASSIGNMENT by the
ASSIGNOR or acceptance of this ASSIGNMENT by the ASSIGNEE
evidences no commitment, express or implied, on the part of the
ASSIGNOR to perform any act or commit any moneys for the
purchase of improvements located on said property or provide
relocation assistance to Thomas Printing, Inc., as anticipated in
the LAND PURCHASE OPTION.
2) ASSIGNEES right to purchase said property from Thomas
Printing, Inc. shall be subject to terms and conditions of the
LAND PURCHASE OPTION, hereinbefore referenced.
3) Both ASSIGNOR and ASSIGNEE agree that any redevelopment
of the property by the ASSIGNEE shall be subject to the Kalispell
Downtown Redevelopment Ordinance (Ordinance No. 933, as amended),
and in accordance with Title 7, Chapter 15, Parts 42 & 43,
Montana Code Annotated (Urban Renewal Law).
4) ASSIGNOR covenants to ASSIGNEE that the LAND PURCHASE
OPTION, hereinbefore referenced has, in accordance with its
terms, been validly extended, so as to expire on the 9th day of
August, 1991.
IN WITNESS WHEREOF, this ASSIGNMENT has been executed by the
ASSIGNOR and delivered to ASSIGNEE this 31 day of July, 1991.
ASSIGNMENT - Page 2 of 4
CITY OF KALISPEL/L
- l By iC '1'1 j --
Its City Manager
Attest:
Finance Officer
STATE OF MONTANA )
ss
County of Flathead )
On this 3) day of July, 1991, before me, the undersigned,
a Notary Public for the State of Montana, personally appeared
Bruce Williams and Amy H. Robertson, known to me to be the City
Manager and Finance Officer of the City of Kalispell, that
executed this instrument, and acknowledged to me that they
executed the same on behalf of the said City of Kalispell.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed
my official seal the day and year in this certificate first above
written.
Notary ublic,,State of Montana
Residing at _
My Commission E pires 6y/,9.3
ASSIGNMENT - Page 3 of 4
WAREHOUSE INDUSTRIES, INC., dba TIDYMAN'S, ASSIGNEE
hereinabove, accepts this ASSIGNMENT OF LAND PURCHASE OPTION,
this lst day of August , 1991.
WA OUSE NDUrRIES, INC.
By
It resident
STATE OF WASHINGTON }
s ss
County of Spokane )
On this ist day of gust , 1991, before me, the
undersigned, a Notary Pubric for the State of Washington,
personally appeared Jack Heuston
known to me to be the President of the corporation that
executed this ACCEPTANCE and acknowledged to me that such
corporation executed the same.
IN WITNESS WHEREOF, I have hereunto --set my hand and affixed
my official seal, the day and year in thi-s certificate first
above written. 1^-'\
;i&tiry Public, State of Wash.
Residkng at Spokane
My Commission Expires 02-04-94
ASSIGNMENT - Page 4 of 4