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Res 2014-113/Approving a contract with Aurelius, Ltd., a Texas Limited Partnership, for the City to purchase approximately 6.97 acres of land, being part of Farm Lots 25 and 26 out of the Original Town of San Marcos and located along Cm Allen Parkway at
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Res 2014-113/Approving a contract with Aurelius, Ltd., a Texas Limited Partnership, for the City to purchase approximately 6.97 acres of land, being part of Farm Lots 25 and 26 out of the Original Town of San Marcos and located along Cm Allen Parkway at
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1/22/2015 3:49:49 PM
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8/26/2014 9:58:01 AM
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Resolutions
City Clerk - Type
Approving
Number
2014-113
Date
8/19/2014
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M. Miscellaneous Provisions <br />1. Notices. Any notice required by or permitted under this contract must be in <br />writing. Any notice required by this contract will be deemed to be delivered (whether actually <br />received or not) when deposited with the United States Postal Service, postage prepaid, certified <br />mail, return receipt requested, and addressed to the intended recipient at the address shown in <br />this contract. Notice may also be given by regular mail, personal delivery, courier delivery, <br />facsimile transmission, electronic mail, or other commercially reasonable means and will be <br />effective when actually received. Any address for notice may be changed by written notice <br />delivered as provided herein. Copies of each notice must be given by one of these methods to the <br />attorney of the party to whom notice is given. <br />2. Entire Contract. This contract, together with its exhibits, and any Closing <br />Documents delivered at closing constitute the entire agreement of the parties concerning the sale <br />of the Property by Seller to Buyer. There are no oral representations, warranties, agreements, or <br />promises pertaining to the sale of the Property by Seller to Buyer not incorporated in writing in <br />this contract. <br />3. Amendment. This contract may be amended only by an instrument in writing <br />signed by the parties. <br />4. Assignment. Buyer may assign this ' contract provided the assignee does not <br />change the treatment of the sale of the Property as provided in N.1. as a charitable contribution <br />under Section 170 of the Internal Revenue Code of 1986 as amended. <br />5. Survival. The obligations of this contract that cannot be performed before <br />termination of this contract or before closing will survive termination of this contract or closing, <br />and the legal doctrine of merger will not apply to these matters. If there is any conflict between <br />the Closing Documents and this contract, the Closing Documents will control. <br />6. Choice of Law; Venue; Alternative Dispute Resolution. This contract will be <br />construed under the laws of the state of Texas, without regard to choice -of -law rules of any <br />jurisdiction. Venue is in the Hays County, Texas. Time permitting, the parties will submit in <br />good faith to an alternative dispute resolution process before filing a suit concerning this <br />contract. <br />7. Waiver of Default. It is not a waiver of default if the nondefaulting party fails to <br />declare immediately a default or delays taking any action with respect to the default. <br />8. No Third- -Party Beneficiaries. There are no third -party beneficiaries of this <br />contract. <br />9. Severabilht 4 The provisions of this contract are severable. If a court of <br />competent jurisdiction finds that any provision of this contract is unenforceable, the remaining <br />provisions will remain in effect without the unenforceable parts. <br />11 <br />
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