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092-89 Ordinance RECORD OF ORDINANCES Dayton Legal Blank Co. Form No. 30043 Ordinance No. _mn-_89_ Passed __ ____ ___n__ __ _nm19_ AN ORDINANCE RATIFYING THE CITY MANAGER'S EXECUTION OF REAL ESTATE PURCHASE CONTRACT WITH THE TRIPLEX COMPANY FOR THE PURCHASE OF APPROXI- MATELY 13.67 ACRES AND DECLARING AN EMERGENCY. WHEREAS, Council has previously expressed its intention to extend Coffman Road south across State Route 33/161; and, WHEREAS, part of the road right-of-way necessary to extend Coffman Road is owned by Triplex Company; and, WHEREAS, Triplex Company has offered to sell a 13.67 acre tract, more or less, located west of Commerce Parkway between Post Road and State Route 33/161; and, WHEREAS, the City Manager has previously executed this contract which is contingent upon Council's ratification of this action; and, WHEREAS, a special bond fund (the "Coffman Road Extension Bond Fund" is hereby created to pay the costs of acquiring land for the Coffman Road land extension); and, WHEREAS, the acquisition of land for the Coffman Road land extension is vital to the preservation of the health, safety and welfare of the resident of the City of Dublin. NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Dublin, State of Ohio, 7 of the elected members concurring that: Section 1. Council for the City of Dublin, hereby ratifies and approves the actions of the City Manager and executing the real estate contract wherein the City of Dublin will purchase from the Triplex Company 13.67 acres more or less of land located west of Commerce Parkway between Post Road and State Route 33/161, for the sum of One Million Eight Hundred Four Thousand Four Hundred Forty Dollars ($1,804,400.00), subject to a final survey of this parcel. (A copy of this contract and survey drawing are attached hereto and incorporated herein as Exhibit A.) Section 2. There is hereby created pursuant to Ohio Revised Code Section 5705.09(E) a special bond fund (the "Coffman Road Extension Bond Fund") to receive the proceeds of the City's bonds or notes issued an anticipation of those bonds, to be issued to pay the costs of acquiring and improving the land for the Coffman Road Extension. Section 3. There is hereby advanced from the General Fund to the Coffman Road Extension Fund $1,810,000.00 to pay the costs of permanent improve- ments, including site acquisition for the Coffman Road Extension. This ad- vance is to be reimbursed to the City's General Fund from the proceeds of the bonds, or notes in anticipation of those bonds, to be issued to finance the costs of such permanent improvements. Section 4. There is hereby appropriated from the Coffman Road Extension Fund $1,810,000.00 to acquire the site and make improvements for the Coffman Road Extension. Section 5. This Ordinance is declared to be an emergency for the I I immediate preservation of the public health, safety and welfare of the citizens of Dublin based upon the City's need to extend Coffman Road and the specific terms and provision contained within the above-referenced contract. Passed this Nnvpmhpr , 1989. Attest: I hereby certify thl1t:cr'es of f1'S !)nrmm(e/2;s:J!IJ~:()n were posted in th0 City of Dublin :n (l::')~:lJ:1:J ':/;11 kfon 731.25 or the .~,:o Revised ~O~Q, 1A-Al7l<" ~/Q ~a 'f(~ -t erk of Cou cil ,,/~~~ Clerk of Counci , Dublin, Ohio COlumbv' lhr ""gClt11.)r. Junt, 1985 EXIUBI'l' B ~ , ., AFFIDAVIT . \ STATE OF OKlO COUNTY OF ~RANKI.IN, SS ( The undersigned Seller. whether one or more than one being first duly sworn )olntly and severally If more than one d6pQ;ses and makes the following statements fo.rth~ express purpose of Induelng the _Cit~ of Dublin t O~io ' . , . ~- ,6uyer, whether one or more than one, to purchase the following descrIbed property ("the Premlsu"). and, If applicable to Induce any mortgagee to pay prooeedS to Seller and any title Insurance company to ISSI,l8 pollelesoflns~rancEl: Situa.ted in the City of ~ublin, County of Franklin and State of Ohio and being more par:~cularly described in the atta~hed Exhibit A which is incorporated herein by this reference. I " I .,; I ... 1. All t8;(8$. assessments or other charges now a lien e.ga'lnst the Pfemlse.s.are shown on the Treasurer's duplicate. and no Improvements (sIte or area) have been Installed by publlc authority, the costs of which may be usessed against the Premises. tell~r ne3 "~t been "&\1>>(\8 'within tRo p;$'rled~ yea,t ImMtwHate~t .",...~ tho ~: ":::~~ 0~:=""'18~~'.~~::~:;~:~ pw~lI. ......,lIy. .~e oe~& of v. h -;;d ~~I~r th(rf\re~I-G<l6 Irt- too-4ut\:l($ fief l'\s:,} Scl-le1' eAy ~etlee 04- .ae"EklM~e" &or etM" e~ere~of tAt) po-Wer o-f erA~ef'lt ~~ Seller represents that all bills for water aM sewer charges Is~ued prior to the date he~9of for water and sewer services to the Preml:Ses havo been fully paid, 2. No unpaid-for Impr.ovements hav~ .been ~de; or materials, maChinery.. or fuel dell'(ere~ to or labor performed on the Premises within ninety days Imm.edlately precepln9 tne date hereof which might form the, basis of a mechanlc's lien against t+\e Premises. except - . -" . 'H .-.... . ~ (none If nothing Inserted), nor hf)S Soller received 8 copy of an affidavit of mechanic's lien which may be filed against the Premises. -4~eJler Is the 0(1011'101 OOMroet~r And 1S :lsllll"lO tM I're""i3~~ ~ ~~r ~=~~~~ ~ · ~Q GeR-et,~&tlaA eeAtraet wit" Btlyer, Seller aokriowlodges pa'f""8nt In fl:Jll--of ~~e "0.1\6 pUfGha30 .c,-ontre~ ~ ., obtained by ~. Seller has no nowledge of any enoumbrancn on title to the Premises other than those set forth In the evidence of the tltl Buyer. nor dOGS Seller have any knowledge of off~record or ",ndlscloud legal or equitable Interests In the Premises owned or claimed by any other person or entity. ~t tAG rliMB (tf- .'eA8M~ 8t\Y, whltA MYEl eOOf'" fuHy dleoloo-ed tEl Buyor and tHny title IA6ldraflee e(HfI~(lI'\'f 193t1IAt tl~ .IAetlfaMe IA (ollaR-sa t~&roon-, 4. To Seller's best knowledge and belief ~ho 1I~~pro':emoF\te 00 \hg Frem~se' arQ lotatQQ wlth~rI tAli bOoWt:ldaiY- ","not of tAg PraA1lais anoall utlllty servIce lines serving the Premises are located either within the boundary lines of the Premises or within lands dedicated to public usa or withIn recorded easemonts for the same, S. VlllR ~8peat t~ the I"'JHfWefflOA~ toasted OR t~-o proffiI6()~H~~~~~~I~ ~~=&: =J.Il.l. :~:. "A.....pll.d wllh erd... itr Aell.e. 01 el.1I ilw,"&flly _.....1"9 ~._~I";;'; ~r - ..~ -=:~: T:.;t18 ,::::~l ::: :1&<"''' moo. ~w'.I.r A.A O,,".__lIeA or _~I.alloM_ i I h PrQFflI"e&r S~U t-a Seller's-.l(t\6wlee-go li&taln&l1l all n~6sar'l 8lJl~ ~grFfllt. ,,,(It varlaAt81 rQr tRi um~ , e. Seller Is not now under any legal disability which would Impede or void any of Sellers' contractual Obligations, not Is Seller a debtor In any prooeedlng under the bankruptcy laws of the United Statos.~ ~Ql>le&e at Seller. If a~', arEKJe~eaood Bna.~r aU tHlor merriQiEH1, IHftY, l1Q\'e bHA I~~~al&~ If Seller Is a partnership or corporatiOn. Its officials consummatlngthl$ transaction are properly authorized to do so, and the partnership or corporatlon and the undersigned, shall De bound by thIs affidavit. 7. Seller is not a foreign cor- poration, a foreign partnership or TRIPLEX COMPANY a foreign trust for purposes of U.S. 1ncom~.taxation; Seller's Taxpayer Identification No~ is By, .' · and Seller's - -w-' . present offi~e address is 1550 Sworn to before me and subscribed In my presence this _ day of 19!2- Old Henderson-Road, Columbus, Ohio 43220. - 1 '" I ~b...l , 4,J .L. lil Notlry Pul,)lIc WARNING: In.transacllons Involving property In excess of $300,000 or property that Is not to be usod as 8 ri~dence by Buyer, a 30pare.te affldavlt should be executed In accordance with Internal Revenue Code t1445 and the Regulations prom'ulgated thereunder (FIRPTA). . ' '" l... .. CJ. ~ ... \:) ~ 0'" l1. 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CL 4( .., ... .. 0 ..1 0 C .... -0 . ...o~ . II) Ii . o _ ~ 0.. .0 iii a . -' o . ; - ~- ...- J ... · .~ 11" /' ~... .... - "G;';;;' _ "'f. -. ..... ''"...;;n ~;i'iN v UglllX3 - ~ - c' - "-'f C) t-"t I" .J.l ~'S v r" . "J , \I ..:." 'to L L : Eo I d.::l 0::. _ ~ .-. .c t'~3Hd3_L-=. 1::':1 H J.. I ~.J .::0 - ,I, J.. J.. , .0-d .__-..,....-4'! REAL ESTATE PURCHASE AGREEMENT This agreement (the "Aqreementlt) is maae to be effective the day of october, 1989 by and between the CITY - OF DUBLIN, OHIO, a municipal corporation under the laws of the state of Ohio (the UBuyer"), and TRIPLEX COMPANY, an Ohio corporation (the "Seller"). WIT N E SSE T H: In consideration of the mutual covenants ana agreements set forth hereinafter, Buyer and Seller agree as follows: 1. SALE ANQ PURCHASE: Seller agrees "to sell and convey and Buyer agrees to purchase and pay for, on the terms and conditions set forth herein, the following described parcel of real property situated in the City of DUblin, County of Franklin and State of Ohio, together with all improvements thereon and all easements, rights and other appurtenances pertaining thereto (collectively the hSubject Premises"): Being Lot No. 2 of METRO NORTH BUSINESS PARK, as the same is designated, delineated and describecl on the recorcled plat thereof, of record in Plat Book 66 at page 71 in the Recorder's Office of Franklin County, Ohio. The Subject Premises are shown on the drawing that is attached hereto as Exhibit A and incorporated herein by this reference, which drawing is a portion of the recorded plat that is identified hereinabove. The exact size of the Subject Premises shall be certified to the parties by Charles R. WOlfe, the registered surveyor who prepared said plat. 2. PURCH~SE PRICE: The purchase price to be paid by Buyer to Seller for the Subject Premises shall be that sum which is computed by multiplying the number of acres contained in the Subject Premises, as certified by Charles R. Wolfe (computed ~o the nearest 1/100th of an acre), times One Hundred Thirty-two Thousand Dollars ($132,000.00). If said surveyor confirms that the Subject Premises are 13.67 acres in size, the purchase price shall be one Mill ion Eight Hundred Four Thousand Four Hundred Forty Dollars ($1,S04,440.00) . The purchase price, plus or minus any credits or adjustments required by this Agreement to be made at the Closing of the subject transaction (the >>Closing"), shall be paid by Buyer to Seller in cash or other immediately available funds at the Closing. 3. POSSESStQH: Seller shall deliver possession of the Subject Premises to Buyer at the Closing. 4. SURVEIOR'S CERTIFICAT~Q~: Not later than ten (10) calendar days prior to the Closing, Seller shall furnish to Buyer, at Seller's sole cost and expense, the written certification of Charles R. Wolfe verifying the size Of the Subject Premises to the pearest 1/100th of an acre, together with a full-sized copy of the ~ecorded plat of the Subject Premises. 5. ~: At the Closing Seller Shall convey to Buyer a merchantable title in fee simple to the Subject Premises by a transferable and recordable general warranty deed, free and clear ~f all liens and encumbrances except real property taxes and lnstallments of assessments that are a lien but are not then delinquent, legal streets and highways, zoning and building . ordinances and reg~lations, ana building setback lines, rights-of- way, easements, covenants, conditions and restrictions of record (collectivelY the "permitted exceptionstt): provided, however, that seller further agrees that no such liens and encumbranoes, other than the statutory lien for unpaid real property taxes and assessments, shall be monetary in nature (that is, securing or requiring the payment of money in order to tle released and discharged of record), and any such impermissible monetary liens and encumbrances shall not be permitted exceptions as that. term is used in this Agreement. Seller shall cause any such impermissible monetary liens or encumbrances to be released at or prior to the Closing, and Buyer agrees that a portion of seller's net proceeds from the sale of the subject Premises may ~e used to obtain such releaseS. prior to the Closing, Seller shall also obtain all necessary approvals for the legal description of the subject Premises set forth in said deed. 6. jVIDE~CE OF TITLE: Buyer may, at its expense, obta in such evidence of the merchantability and condition of Seller's title to the subject Premises as Buyer may desire. If such evidence of title discloses that title to the S,ubject Px'emises is subj ect to any 1 iens or encumbrances other, than the standard exceptions relating to Off-record matters that are generally disclosed in suCh evidence of title and the permitted exceptions described in section 5 hereof, Buyer shall so notify Seller in writing at least ten (10) calendar days before the Closin9, which notification shall identify those additional title exceptiones] with specificity. Seller shall then have a reasonable period of time within which to remedy or remove any such additional title exception or to obtain title insurance against the same, all at Seller's option and expense. If Seller is unable or unwilling to remedy, remove or o~tain insurance against any additional title exception within a reasonable period time, Buyer shall then have the option of either (a) taking title to the subject Premises in such condition as Buyer is able and willing to convey, without any diminution to the purchase price therefor, and proceeding promptly with the Closing, or (b) terminating this Aqreement by qivin9 written notice of such termination to Seller. In the event that Buyer rightfully gives such a notice of tel~ination to Seller, this Agreement shall thereafter be of no further force or effect and both Buyer and Seller shall be released from all further liability and responsibility under this Agreement. Merchantability of title to the subject premises for all purposes under this Agreement shall be determined in accordance with the Standards of Title Examination adopted by the Ohio state Bar Association. 7. CONTINGENCIES: The parties understand that a 3.47 acre portion of the Subject Premises, more or less, is currently under contract for sale (the 'Iother contractU) to state l'~arm Mutual Automobile Insurance Company ("state Farm"). For that reason, this Agreement and all obligations of both Seller and Buyer hereunder are oontingent upon state Farm waiving its right to purchase 5ai~ portion of the subject Premises by tenninating the Other contract. Seller alone shall deal with state Farm in attempting to terminate the Other Contract, and Seller shall be solely responsible for all costs and expenses involved in that effort (with the understanding that the oosts and expenses incurred by Seller in attempting to terminate the other Contract, if any, shall be incurred at the sole and arbitrary discretion of Seller). If Seller is unable to terminate the Other contract as of or prior to the Closin9, this Agreement shall then automatically terminate and both parties shall be released from all further liability and responsibility hereunder. This Agreement and all obligations of both Seller and Buyer hereunder are further contingent upon the final approval of this Agreement and the transaction contemplated by this Agreement by the OUblin city council. If such approval is not qiven at or prior to the meeting of Dublin City council to be held on Monday, November 6, 1989, this Agreement shall terminate after that date -2- . at the option of either party hereto and both parties shall then be releasea from all further liability and responsibility hereunder. S. ~AXES AND ASSESSMENTS: As of the date of the ClosinlJ, Seller shall payor credit on the purchase price all delinquent taxes attributable to the subject Premises together with penalties and interest thereon, and all special assessments that are a lien thereon on the effective ~ate of this Agreement, both current and reassessed and whether due or to become due. Buyer hereby warrants and represents to Seller that during the ninety (90) day period immediately prior to the effective date of this Aqreement, Buyer did not take any action to cause any such special assessments to become a lien upon the subject Premises. Seller shall also payor credit on the purchase price all unpaid real property taxes not yet due for years prior to the Closing and a portion of such taxes for the year of the Closing, prorated through the date of the Closing. The proration of undetermined taxes shall be based on a 365 day year and on the most recently available information pertaining to tax rate and valuation. Such proration as calculated at the ~ime of the Closing shall be final. g. El"1INENT DOXAIH: Buyer hereby acknowledges that during the course of negotiating this Agreement for the purchase of the SUbject premises, Buyer notified Seller that if suoh a voluntary sale and purchase could not be negotiated, Buyer would acquire the Subject Premises pursuant to its powers of eminent domain. Seller thereafter completed the negotiation of this Agreement, and is selling the subject premises to Buyer, under the threat of and in lieu of that exercise by Buyer of its powers of eminent domain. 10. ~J.OSING DOCl.,lMENT~: In addition to the deed described in section 5 hereof, Seller shall also execute and/or deliver to Buyer at the Closing (a) reasonable evidence that the person who executed this Agreement on behalf of Seller and any person who executes documents at the Closing on behalf of Seller was and is properly authorized to do 60, and that Seller is and will be bound by his or their actions, and (b) an Affidavit relating to off-record matters that may affect titie to the Subject Premises in the form attached hereto as Exhibit B and incorporated herein by this reference. 11. ~LOSIN<:i: This transaction shall be closed not later than November 13, 1989, or if either contingency described in section 7 hereof has not been satisfied by that date, then on such later date as Buyer and Seller may mutually agree upon. The Closin9 shall take place at such time during regular business hours and such place in Franklin or Delaware County, Ohio as Buyer may designate at least three (3) calendar days prior to the Closing- If the Closing is delayed beyond November 13, 1989 at the request of Buyer and with the consent of Seller, on November 14, 1989 the purchase price for the subject premises shall be increased by one percent (1%) of the purchase price as ori9inally calculated under section 2 of this Agreement, and there shall be a similar one percent (1%) increase in the purchase price on each thirtieth (30th) day thereafter until the Closing takes place. By way of illustration, if the original purchase price is $1,804,440 and the Closing occurs, at the request of Buyer and with the concurrence of Seller, on December 20, 1989, the adjusted purchase price would be two percent (2%) higher than the original purohase price, which would be the sum of $1,840,528.80. Under no circumstances, however, shall the Closing occur later than December 29, 1989. 12. 9THER AqREEMENT: Upon the consummation of the sale and conveyance of the subject Premises by Seller to Buyer, Jentgen- Klein Company, an Ohio general partnerShip whose partners are also shareholders in Seller, shall automatically be released from all further obligations under that certain Agreement between said pa~tnership and the Village of Dublin dated January ___, 1987 that -3- . relates to the construotion of an east/west roadway acroSS a portion of the subject Premises and the posting of a bond or letter of credi t to cover the cost of that construction, and that Agreement shall be deemed to be ter~inated and of no further force or effect. Buyer agrees to execute and deliver to Seller at the Closing an instrument that evidences that release of o~ligations and the termination of that Agreement in form prepared by counsel for Seller and subject to the reasonable approval of counsel for Buyer. 13. OURA~ION OF OFFER: This offer shall be open for acceptance by Buyer until 5:00 p.m. local time in Franklin County, Ohio on October ~, 1989. 14. COMMISSIONa: Buyer and Seller hereby warrant and represent to each other that no broker or agent is or will be owed a fee or commission with respect to the procu~ement or closing of this transaction, and further agree that they will each indemnify and hold the other harmless from and against all causes of action, claims and demands for such a fee or commission arising out of the act or omission of the indemnifying party. . 15. NOTICES: Any notice required or intended to be given to Buyer under this Agreement shall be in writing and shall be deemed to be duly given if delivered personally or if deposited in the united states mail, marked certified or registered with return receipt requested and postage prepaid, and addressed t.o Buyer c/o stephen J. Smith, Esq., 5354 Cemetery Road, P.o. Box 7, Hilliard, Ohio 43026-0007, or at such other address as Buyer may designate from time to time in a written notice to Seller. Any notice required or intended to be given to seller under this agreement shall be in writing and shall be deemed to ~e duly given if delivered personally or if deposited in the United states mail, marked certified or registered with return receipt requested and postage prepaid, and addressed to Seller at 1550 Old Henderson Road, Columbus, Ohio 43220, or at such other address as Seller rnay designate from time to time in a written notice to Buyer. 16. A~S~GNMENT: Neither Buyer nor Seller may assiqn its rights or Obligations under this Agreement without the prior written consent of the other party, which consent may be withheld for any reason. No such assignment, with or without such consent, shall relieve the assignor from its continuin9 obligations and liability hereunder. 17. iNTIRE AGREEMENT: This document constitutes the entire agreement between the parties and supersedes all prior or contemporaneous discussions, representations or agreements relating to the subject matter. No amendments, modifications or additions to this Agreement shall be made or be binding on any party unless made in writing and signed by each party. 18. SE~ARABILITY OF PROVISI~: This Aqreement shall be construed in accordance with the laws of the State of Ohio. If any part of this Agreement is held to be invalid or unenforceable for any reason, the remainder of this Agreement shall continue in full force and effect. 19. aEADn~GS AND PRONOUN~: Irhe headings to the sections of this Agreement have been inserted for convenience of reference only and shall in no way modify or restrict any provision hereof or be used to construe any of such provisions. Any pronoun used in this A9reement shall include all other numbers and genders, as the context or the number and gender of its antecedent may require. 20. NO t1ERGER: All warranties, representations, Obligations, covenants and agreements contained in this Agreement -4- . ; shall survive the Closing and sha.ll not be merged ",1th any instruments delivered by seller to Buyer at the Closin9. 21. F~RSONS BOUN.t!: This Agreement shall inure to the benefit of and bind the parties hereto and their respective successors and assigns. The effective date of this Agreement snall be the date on which it was last e~ecuted by either Seller or euyer. IN WITNESS WHEREOF, seller and Buyer have each caused thia A9reement to be executed by a duly authorized offieer or agent to be effective on the date set forth above. SELLER BUYER TRIPLEX COMPANY CITY OF OUBLIN, OHIO By ~ n::;;... ,^"",. 'CR..o ~ . By ~A~~~'-:' /'" Peter M. Kle1n, secretary/ Timothy Ha.nSley,~~ty Manager Treasurer . 10!78916'340~70.wp! ...5- ~ . . . . . MEMORANDUM TO: Members of Dublin City Council FROM: Denise King and Dan Sutphen SUBJECT: Recommendations from Public Service Committee Regarding Street Signage DATE: September 21, 1989 The Public Service Committee met with representatives of various civic organiza- tions regarding street signage, and the following are the recommendations of the Public Service Committee regarding same: 1. Recommend that the City use reflective brown signs with reflective letters, with the standard brown four-sided post; that the size for residential streets will be the same as it it now; that the size of the sign for the main streets be 9 x 48; that there be no shamrocks on the signs. 2. Regarding the issue of non-standard or distinctive signage, it is recommended that when a subdivision originally had distrinctive signage approved that they be allowed to retain that signage as long as it uses reflective letter- ing. Usage of the City's signs may be chosen. The posts, as they are replaced, must be designed to be breakaway; that the civic associations involved be required to purchase and obtain the signs and make them available to the City for installation. 3. Recommended that a fee be established for installation of the sign posts and that the fee be no more than $75.00 per post per installation. 4. When a subdivision chooses to eliminate distinctive signage and requests that the City standard issue signage be installed, that there be no fee assessed for the removal and replacement of those signs, but replacement will need to be done at a time when adequate funds are available in the budget. The distinctive posts, if removed, become the property of the City. Following discussion regarding the wooden posts already purchased by the Llewellyn Farms Civic Association (12 in number) it was agreed that the residents would be encouraged to put up the brown standard posts with the brown standard signs, and that the City would reimburse the Llewellyn Farms Civic Association for the 12 wooden posts already purchased.