HomeMy WebLinkAbout050440-001ubE 6.16 FAU 870 2e8
ROAD AGREEMENT
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THIS AGREEMENT made this /3' day of irlax , 1986, between
EASTWOOD COMMONS BUILDING CORP. (the "Company ) and the TOWN OF
ITHACA (the "Town").
WITNESSETH:
WHEREAS, the Company has requested the Town to accept a
deed, for Town highway purposes, by which the Company will convey
to the Town the road described on Schedule A annexed hereto; and
WHEREAS, such road has not yet been completed to the Town's
specifications; and
WHEREAS, the Town is willing to accept a conveyance of said
roads although they have not as yet been completed provided,
however, that the Company complies with certain conditions; and
WHEREAS, the Town and Eastwood Commons Development Company
have previously entered into an agreement dated August 28, 1974,
recorded in the Tompkins County Clerk's Office in Book 531 of
Deeds at Page 199 relating to prior road conveyances.
NOW, THEREFORE, in order to induce the said Town to accept
the titles to said lands for highway purposes and in
consideration of the premises and the mutual agreements
hereinafter set forth, it is agreed as follows:
1. The Town hereby accepts a conveyance of said roads.
2. The Company agrees to complete said roads in the same
manner as required for the roads governed by the aforesaid
agreement of August 28, 1974. Such roads must be completed not
later than September 1, 1986.
3. All of the other covenants and agreements contained in
said agreement of August 28, 1974 are incorporated herein and
made applicable to the road being conveyed by this agreement as
if fully set forth therein except that the Company will post as
partial security the sum of $1,000.00 in a form satisfactory to
the Town instead of $6,000.00 as set forth in Paragraph 8 of
said agreement, and except that the abstract of title delivered
to the Town shall be the same abstract previously delivered under
said August 28th agreement updated to show the conveyance of the
road governed by this agreement.
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UkR 616 PALE 872
IN WITNESS WHEREOF, this agreement has been executed by the
parties as of the day and year first above written.
EASTWOOD COMMONS BUILDING CORP.
"', TOWN OF ITHACA
By. �.���c� y7 ✓
Supervisor
STATE OF NEW YORK
ss.
COUNTY OF TOMPKINS :
On this W day of /'141 , 1986, before me personally came
NORBERT H. SCHICKEL, JR., to me personally known, who, being by
me duly sworn, did depose and say that he resides at 85 Ferguson
Road, Dryden, New York; that he is the President of Eastwood
Commons Building Corp., the corporation described in and which
executed the within instrument; that he knows the seal of said
corporation; that the seal affixed to said instrument is such
corporate seal; that it was so affixed by order of the Board. of
Directors of said corporation; and that he signed his name
thereto by like order. v
Notary ublic 4
STATE OF NEW YORK
ss. COUNTY OF TOMPKINS
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On this % fiday of Mt , 1986, before me came NOEL DESCH, to 0
me known, who being by me duly sworn, did depose and say that he 0
resides at U pd yk a Road, Ithaca, New York, and that he is the Z:
Supervisor of the TOWN OF ITHACA, the municipality described in "o
and which executed the within instrument; that he knows the seal �, v
of said municipality; that the seal affixed to said instrument is J
such municipal seal; that it was so affixed by order of the Town °
Board of the TOWN OF ITHACA, and that he signed his name thereto
by like order.
Not a Public 3 L 6p„
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