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Res 2021-037/approving agreement with John Bugge providing for the City to purchase approximately 3.64 acres of land located at 1410 and 1412 River Road
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Res 2021-037/approving agreement with John Bugge providing for the City to purchase approximately 3.64 acres of land located at 1410 and 1412 River Road
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4/27/2021 3:24:03 PM
Creation date
3/1/2021 11:19:06 AM
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City Clerk - Document
Resolutions
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Agreement
Number
Res 2021-37R
Date
2/24/2021
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assignment of such lease. The Seller, otherwise, agrees not to enter into any leases of the Property <br />or any portion thereof after the date of this agreement. <br />8. Taxes and Assessments: Taxes and assessments against the Property shall be <br />prorated through the date of closing. it is understood and agreed by the Seller that, after closing, <br />the City may forward any tax bills attributable to the Seller's ownership of the Property directly to <br />the Seller and the Seller shall promptly pay such bill. If the City pays such bill, it may forward an <br />invoice to the Seller for reimbursement and the seller shall promptly bay such invoice. The City <br />may pursue any remedies available at law or in equity to enforce the Seller's obligations under this <br />paragraph. The Seller's obligations under this paragraph shall survive closing. <br />9. Entire Agreement: The full agreement of the Seller and the City is set forth in the <br />text of this instrument, and no other representations or obligations other than those set forth herein <br />will be recognized. <br />10. Venue: Venue for any dispute arising under this agreement shall be in the <br />appropriate state court in Hays County, Texas having jurisdiction or, if in federal court, the United <br />States District Court for the Western District of Texas, Austin Division. <br />11. Binding on Successors: This agreement shall be binding upon the Seller and the <br />Seller's heirs, executors, administrators, Successors and assigns. <br />EXECUTED to be effective as of the date of the last signature below. <br />SELLER: <br />'LL <br />ate: <br />/ 4hnBLIgge Z <br />CITYOFSA 'ARCO TEXAS <br />By: Date: <br />Narne: <br />Title: <br />
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