№ files_lp_4_process_3_059560
Purchase agreement detailing the sale of a portion of privately owned land and the donation of an adjacent tract with specified restrictions, conditions, and financial terms, serving as a primary legal source for real estate transaction.
Year: 2025
Location: Hancock County, Indiana, USA
Document Type: Purchase Agreement
Parties Involved: LabCorp Early Development Laboratories Inc., Greenfield Redevelopment Commission
Property Description: Parent Tract and Seller’s Adjacent Tracts totaling approximately 425.037 acres
Transaction Details: Sale Tract 19.688 acres, Donation Tract 6.5 acres
Purchase Price: $1,732,544.00 for Sale Tract, $0 for Donation Tract
Deposit: $20,000.00
Closing Agent: Attorneys Title Association, Greenfield, IN
Inspection Period: 90 days after Effective Date, extendable by agreement
Permitted Uses of Donation Tract: Police station, park, parking area supporting Pennsy Trail for 20 years
Restrictions on Donation Tract: No penitentiary or prison
Insurance Requirements: Commercial general liability, $1,000,000 per occurrence, $2,000,000 aggregate
Governing Law: State of Indiana
Price: 8 / 10 USD
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