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Res 2018-152/approving a contract with the Texas Realty Retail Partners, Inc. for the City to purchase approximately 27.094 acres of land located on the South Side of Farris Street near its intersection with Wilson Street for a price of $475,000.00 for s
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Res 2018-152/approving a contract with the Texas Realty Retail Partners, Inc. for the City to purchase approximately 27.094 acres of land located on the South Side of Farris Street near its intersection with Wilson Street for a price of $475,000.00 for s
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9/25/2018 10:24:26 AM
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City Clerk - Document
Resolutions
City Clerk - Type
Contract
Number
2018-152
Date
8/21/2018
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M. Miscellaneous Provisions <br /> 1. Notices. Any notice required by or permitted under this contract must be in writing. <br /> Any notice required by this contract will be deemed to be delivered (whether actually received or <br /> not) when deposited with the United States Postal Service, postage prepaid, certified mail, return <br /> receipt requested, and addressed to the intended recipient at the address shown in this contract. <br /> Notice may also be given by regular mail, personal delivery, courier delivery, facsimile <br /> transmission, electronic mail, or other commercially reasonable means and will be effective when <br /> actually received. Any address for notice may be changed by written notice delivered as provided <br /> herein. Copies of each notice must be given by one of these methods to the attorney of the party <br /> 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. <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 for any dispute arising under this agreement shall be in the appropriate state <br /> court in Hays County, Texas having jurisdiction or, if in federal court, the United States District <br /> Court for the Western District of Texas, Austin Division. Time permitting, the parties will submit <br /> in 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. Severability. The provisions of this contract are severable. If a court of competent <br /> jurisdiction finds that any provision of this contract is unenforceable,the remaining provisions will <br /> remain in effect without the unenforceable parts. <br />
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