e. Jail land-purchase agreement
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e. Jail land-purchase agreement
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<br />SELLER releases and indemnifies BUYER from any and all losses or abatement costs <br />incurred as a result of asbestos materials, hazardous or toxic wastes or other <br />environmental hazards that existed on the Property prior to Closing, regardless of the <br />source of such materials, wastes or hazards. <br /> <br />13. Miscellaneous. If is further agreed as follows: <br /> <br />13.1 Taxes. All taxes due and payable after the Effective Date are the obligation <br />of the BUYER. SELLER has not received any assessment notices against the Property <br />with respect to any governmental improvements which have been completed prior to the <br />date hereof and for the cost of which the Property can be assessed; no such <br />governmental improvements for which the Property could be assessed are, to the best <br />of SELLER's knowledge, presently planned or in progress. There are uncertified, and <br />consequently unpaid, special assessments as well as certified special assessments, <br />which together amount to approximately One Hundred Twenty Thousand Dollars <br />($120,000.00) which are assumed by the BUYER. <br /> <br />13.2 Time. Time is of the essence in each provision of this Agreement. <br /> <br />13.3 Notice. All notices required hereunder will be in writing and served <br />personally or by certified mail, return receipt requested, postage prepaid or by nationally <br />recognized overnight courier service, which provides receipt for delivery, at the <br />addresses shown above, until notification of a change of such addresses. All notices <br />shall be deemed delivered one (1) business day after delivery to an independent same <br />day or overnight courier. Either party's designated counsel may execute notices. <br /> <br />13.4 Entire Agreement. This document constitutes the entire agreement <br />between the BUYER and the SELLER relating to the sale of the Property and there are <br />no agreements, understandings, warranties or representations between the BUYER and <br />SELLER except as set forth herein. This Agreement cannot be amended except in <br />writing executed by the BUYER and the SELLER. In addition to paragraph 11, any <br />other provisions of this Purchase Agreement that contemplate ongoing responsibilities <br />of the parties shall survive closing. <br /> <br />13.5 Binding Effect. This Agreement will inure to the benefit of and bind the <br />respective successors and permitted assigns of the parties. <br /> <br />13.6 Attorneys' Fees. If either party institutes any action or proceeding against <br />the other relating to the provisions of this Agreement or any default hereunder, the <br />unsuccessful party to such action or preceding will reimburse the successful party <br />therein for the reasonable expenses of attorneys' fees, disbursements and litigation <br />expenses incurred by the successful party, unless deemed inappropriate by the District <br />Court. <br /> <br />13.7 Severability. If any clause or provision of this Agreement is deemed by a <br />court of law illegal, invalid, or unenforceable under any present or future law, the <br />remainder of this Agreement will not be affected thereby. It is the intention of the parties <br />that if any such provision is held to be illegal, invalid, or unenforceable, there will be <br />added in lieu thereof a provision as similar in terms to such provision as is possible and <br />still be legal, valid and enforceable. <br /> <br />6 <br />
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