Specifications include, but are not limited to: the sale of certain City-owned property (the "Property"), which is located within the Lincolnway Industrial Rail and Air Park Urban Renewal Area, and more particularly described as follows: BEGINNING AT THE NORTHEAST CORNER OF SAID LOT ALSO BEING A POINT ON THE EAST LINE OF THE SOUTHWEST QUARTER OF SECTION 24. THENCE ALONG THE EAST LINE OF SAID LOT SOUTH 01 DEGREES 53 MINUTES 39 SECONDS EAST TO THE SOUTH LINE OF SAID LOT, A DISTANCE OF 482.25 FEET. THENCE ALONG SAID SOUTH LINE SOUTH 88 DEGREES 05 MINUTES 17 SECONDS WEST, A DISTANCE OF 451.68 FEET. THENCE NORTH 01 DEGREES 53 MINUTES 42 SECONDS WEST TO THE NORTH LINE OF SAID LOT, A DISTANCE OF 482.17 FEET. THENCE ALONG SAID NORTH LINE NORTH 88 DEGREES 04 MINUTES 40 SECONDS EAST, A DISTANCE OF 451.68 FEET TO THE POINT Of BEGINNING ; The Agreement proposes that the City would sell the Property to Buyer for $89,820, under the terms and conditions set forth in the Agreement.
