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Res 2017-153/approving a real estate contract to purchase 20.61 acres of land at 2240 Clovis Barker at a purchase price of $2.75 per square foot totaling $2,468,872 plus closing costs and rollback taxes totaling approximately an additional $132,000 for th
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Res 2017-153/approving a real estate contract to purchase 20.61 acres of land at 2240 Clovis Barker at a purchase price of $2.75 per square foot totaling $2,468,872 plus closing costs and rollback taxes totaling approximately an additional $132,000 for th
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3/30/2018 11:06:26 AM
Creation date
10/5/2017 9:36:26 AM
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City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2017-153
Date
10/2/2017
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Exhibit B <br />Representations; Environmental Matters <br />A. Seller's Representations <br />Seller represents to Buyer that the following are true and correct as of the Effective Date <br />and will be true and correct on the Closing Date. <br />1. Authority. This contract is, and all documents required by this contract to be <br />executed and delivered by each party at closing will be duly authorized, executed, and delivered <br />by such party. <br />2. Litigation. There is no litigation pending or threatened against either party that <br />might affect the Property or either party's ability to perform its obligations under this contract. <br />3. Violation of Laws, Neither party has received notice of violation of any law, <br />ordinance, regulation, or requirements affecting the Property or use of the Property. <br />4. Condemnation; Zoning; Land Use; Hazardous Materials. Seller agrees to provide <br />any environmental, hazardous materials and other such reports or disclosures, in its possession to <br />Buyer within the deadline for providing Seller's Records, Other than such information, if any, <br />Seller has not received notice of any condemnation, zoning, .or land -use proceedings affecting the <br />Property or any inquiries or notices by any governmental authority or third party with respect to <br />the presence of hazardous materials on the Property or the migration of hazardous materials from <br />the Property. <br />S. No Other Obligation to Sell the, Property or Restriction against Selling the <br />Property. Seller has not obligated itself to sell the Property to any party other than Buyer. Seller's <br />performance of this contract will not cause a breach of any other agreement or obligation to <br />which Seller is a party or to which it is bound. <br />6. No Liens. On the Closing Date, the Property will be free and clear of all <br />mechanic's and materialman's liens and other liens and encumbrances of any nature except the <br />Permitted Exceptions, and no work or materials will have been furnished to the Property that <br />might give rise to mechanic's, materialman's, or other liens against the Property other than work <br />or materials to which Buyer has given its consent. <br />7. No Other Representation, Except as stated above or in this Agreement Seller <br />makes no other representation with respect to the Property. <br />8. No Warranty, Seller has made no warranty in connection with this contract, <br />
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