UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): June 25, 2009
MONARCH SERVICES, INC.
----------------------
(Exact name of Registrant as specified in Charter)
Maryland 000-08512 52-1073628
-------- --------- ----------
(State or other Jurisdiction (Commission file number) (IRS Employer
of incorporation) Identification No.)
4517 Harford Road, Baltimore, Maryland 21214
--------------------------------------------
(Address of Principal Executive Offices/Zip Code)
Registrant's telephone number, including area code: (410) 254-9200
--------------
Not Applicable
--------------
(Former name or former address of Registrant, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant under any
of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
NFORMATION TO BE INCLUDED IN THE REPORT
Item 1.01 Entry into a Material Definitive Agreement.
On June 25, 2009, Girls Life Plantation Mansion, LLC, a wholly owned
subsidiary of Monarch Services, Inc., held a public auction and entered into
a Contract of Sale (the "Contract") with Xiao Fei Li and Xiaobing Wang (the
"Buyers") for the sale of the property known as 12450 Dulaney Valley Road,
Baltimore County, Maryland 21131 (the "Property"). Pursuant to the Contract,
the Buyers have agreed to purchase the Property for the purchase price of
$560,000. The closing for the sale of the Property is scheduled to occur on
or before forty-five days from the date of the auction and subject to the
customary and standard terms and conditions of such a real estate transaction.
The foregoing is only a summary of, and is qualified in its entirety by, the
Contract, which is attached hereto as Exhibit 10.1 and incorporated herein by
reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
10.1 Contract of Sale between Girl's Life Plantation Mansion, LLC and Xiao
Fei Li and Xiaobing Wang
The exhibits filed with this report are listed on the Exhibit Index that
immediately follows the signatures hereto, which index is incorporated herein
by reference.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.
MONARCH SERVICES, INC.
Dated: June 25, 2009 By:/s/ Jackson Y. Dott
----------------------
Jackson Y. Dott
President and CEO
EXHIBIT INDEX
Exhibit No. Description
10.1 Contract of Sale between Girl's Life Plantation Mansion, LLC and Xiao Fei
Li and Xiaobing Wang (filed herewith)
Baltimore County, Maryland June 25, 2009
Xiao Fei Li & Xiaobing Wang have this day purchased at Public Auction for the
price of $560,000.00 the property known as 12450 Dulaney Valley Road, Baltimore
County, Maryland 21131, in Fee Simple, From Girls Life Plantation Mansion, LLC
(for settlement contact Eric Dott at 410254-9200), of which a deposit of
Twenty-Five Thousand ($25,000) Dollars has been paid.
The deposit shall be increased to 10% of the purchase price within 24 hours
at the Auctioneer's Office. Balance to be paid in cash within 45 days. If
payment of the balance does not take place within the specified time, the
deposit shall be forfeited and the property may be resold at the risk and
expense of the Purchaser. Interest to be charged on the unpaid purchase
money, at the rate of 12% per annum, from date of sale to date of settlement.
All adjustments, including taxes, all other public charges and assessments
payable on an annual basis, and sanitary and/or metropolitan district charges,
if any, to be adjusted for the current year to date of sale and assumed
thereafter by the Purchaser. The property will be sold in "AS IS" condition,
and subject to easements, agreements, restrictions or covenants of record
affecting same, if any. Purchaser assumes the risk of loss from the date of
sale forward. If the Seller is unable to convey good and marketable title,
the Purchaser's sole remedy in law or equity shall be limited to the refund
of the deposit. Upon refund of the deposit this sale shall be null and void
and of no effect, and the Purchaser shall have no further claim against the
Seller or Auctioneers. The Purchaser agrees to wave the well yield and
potability test provisions under the Baltimore County Code. Recordation
costs, transfer taxes and all costs incidental to settlement to be paid by
the Purchaser. Time is of the essence.
PROPERTY DISCLAIMER STATEMENT: The Seller(s) of the property herein makes no
representations or warranties as to the condition of the real property or any
improvements thereon, and the Purchaser will be receiving the real property
"as is" with all defects which may exist. Except for latent defects of
which the Seller(s) has actual knowledge, the Seller(s) makes no represent-
ations or warranties as to the condition of the real property or any
improvements on the real property; and the Purchaser(s) will be receiving
the real property "AS IS", with all defects, including latent defects, that
may exist, except as otherwise provided in the Contract of Sale of the
property. The Purchaser(s) and Seller(s) acknowledge having carefully
examined this statement and further acknowledge that they have been informed
of their rights and obligations under Section 10-702 of the Maryland Real
Property Article. Purchaser agrees to waive the right of inspection for
lead paint as provided under current Federal and State law.
WAIVER OF PROVISION OF MINIMUM WELL YIELD,
BACTERIOLOGICAL AND CHEMICAL QUALITY TESTS
PRIOR TO CONVEYANCE
BUYERS(S) HEREBY ACKNOWLEDGES THAT BUYER(S) IS AWARE THAT THE PROPERTY BUYER(S)
INTENDS TO PURCHASE WILL BE SERVED BY A PRIVATE WATER SUPPLY SYSTEM AS A
SOURCE OF DOMESTIC WATER, THAT WATER QUANTITY IS MOST IMPORTANT FOR RESIDENT-
IAL USE OF THE PROPERTY, THAT SECTIONS 34-2-104 AND 34-2-102(B)OF THE BALTIMORE
COUNTY CODE REQUIRE SELLER(S) TO PROVIDE A WELL WITH A SUPPLY OF WATER MEETING
CERTAIN MINIMUM WATER YIELD AND CHEMICAL QUALITY REQUIREMENTS, AND THAT A
BUILDING PERMIT WILL NOT BE ISSUED FOR CONSTRUCTION OF A RESIDENCE ON ANY LOT
NOT SERVED BY A PUBLIC OR COMMUNITY WATER SUPPLY SYSTEM UNLESS IT HAS A WELL
WHICH MEETS THE REQUIRED MINIMUM WATER YIELD. NEVERTHELESS, BUYER(S)
SPECIFICALLY ELECTS TO WAIVE THE REQUIREMENT THAT A WELL MUST BE PROVIDED
WHICH SATISFIES THE YIELD AND CHEMICAL QUALITY STANDARDS OF THE BALTIMORE
COUNTY CODE PRIOR TO SETTLEMENT AND/OR THE DATE OF CONVEYANCE TO BUYER(S)
WHICHEVER SHALL FIRST OCCUR, AND BUYER(S) ELECTS TO ACCEPT CONVEYANCE OF THE
PROPERTY WITHOUT THE WELL YIELD AND CHEMICAL QUALITY TESTS AS PROVIDED BY
LAW, AND KNOWINGLY AND VOLUNTARILY EXECUTE THIS WAIVER ON THIS 25TH DAY OF
June, 2009.
WITNESS: Signed: Xiao Fei Li (Seal)
---------------------
as to signatures and Purchaser
receipt of deposit
Jack Billig Xiaobing Want
-------------------- --------------------(Seal)
Purchaser
Girls Life Plantation Mansion, LLC, by:
Jackson Dott (Seal)
---------------------
Jackson Dott, Member