Res 1997-174 - Laserfiche WebLink

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-8- 19. TIME. Time is of the essence. 20. SPECIAL PROVISIONS. (This section to include additional factual data relevant to the sale which may include addenda.) Seller may retain at no cost, any pens, barns, grain storage facilities or other improvements on the property, with the exception of the perimeter fencing. Se 11 e r * See ;-to,~ retains tAe right to maintain agricultural oo~rations 61'1 the prOf)el ty ulltH notified bv Buyer of Buyer's iAte~t to commeRce use or censtructi6n on the property h'Mich I'Iðtice sMall be ~~.ithin 9~:ft.{,! of comr,eIlCt:llleUt. The obligations set forth in this paragraph will survive the closing. 21. BROKER'S FEES/COMMISSIONS. The Buyer is responsible for paying any commissions or fees for brokerage services obtained by the Buyer. The Seller has not utilized the services of a real estate broker in connection with this transaction and has not agreed to pay brokerage fees or commissions. The Buyer will indemnify the Seller from any claims for brokerage fees or commissions arising in connection with this contract. EXECUTED in multiple counterparts by the Seller and Buyer on the dates set forth below. The later signature date will be the Effective Date of this Contract. BUYER: SELLER: City of San Marcos /) c r '~l~) . }}\. ~~ ~ t{j-) Larry D. Gilley, City Manager Bill Soyars Date: Date: C¡. '3 -'] 1 Receipt of $ Earnest Money is acknowledged in the form of check # Escrow agent printed name By: Printed name, title: Date: * Buyer will allow Seller to lease-back the Property at a rental rate of $10.00 per year from the date of Closing until September 1,2001. During the lease-back term, Buyer may discharge waste- water treatment plant effluent into the leased property, and Seller agrees to hold the Buyer harmless from such discharge. Seller agrees that this lease of the Property will be for Agricultural purposes only. Seller may not assign such lease without the consent of the Buyer. Seller agrees to hold the Buyer, its officers, agents and employees harmless from claims for personal injuries or property damage related to Buyer's use of a 35.194 acre tract of property which Buyer is simultaneously purchasing from Seller for water treatment and transmission pur?oses b14J~ EXHIBIT "("