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Res 1995-009
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Res 1995-009
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Last modified
6/18/2007 2:33:11 PM
Creation date
6/18/2007 2:33:11 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
1995-9
Date
1/9/1995
Volume Book
117
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<br /> ,.. " . (L~ß <br /> -3- <br /> and Wildlife Habitat Phase II project in the amount of at least $253,375 within 30 days <br /> of the date of this agreement. The Seller agrees to execute all documents necessary to <br /> the processing of the Purchaser's grant application and reimbursement requests to the <br /> Texas Parks and Wildlife Department. <br /> 5.02. The sale is also contingent upon Southwest Texas State University Support <br /> Foundation receiving the property as a gift. <br /> 5.03. Neither party is obligated to complete this transaction unless both these <br /> contingencies occur. <br /> 5.04. This contract is also subject to the obtaining by Purchaser of a report within <br /> 30 days after the date of this contract from a qualified firm based on a preliminary <br /> environmental site assessment regarding the presence of building improvement or site <br /> conditions requiring environmental remediation under applicable federal, state or loeallaws. <br /> , <br /> Seller and Buyer shall each pay 50% (not to exceed $1,500 each) towards the cost of this <br /> report. Should the report identify required remediation, Seller may choose to fully perform <br /> such remediation at its sole expense prior to closing, or Seller may refuse to do so, in which <br /> case Purchaser may cancel this contract. If Seller chooses to perform the remediation, <br /> Seller shall provide, at Seller's expense, a report to Purchaser prior to the Closing Date <br /> from a qualified firm verifying the results of the remediation. <br /> 5.05. If any part of the property, including the Rio Vista Dam, is damaged before the <br /> time of the closing, the Seller will either repair the property to its previous condition and <br /> function, insofar as practicable, prior to the closing, or Seller may terminate this contract <br /> by providing written notice to the Purchaser. <br /> 6. General Provisions <br /> 6.01. Neither party may assign its rights or duties under this contract without the <br /> written consent of the other. <br />
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