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9-9-19 Special Meeting
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9-9-19 Special Meeting
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Last modified
10/28/2019 1:14:37 PM
Creation date
10/28/2019 1:11:44 PM
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Admin-Clerk
Document Type
Minutes
Committee
Board of Commissioners
Date
9/19/2019
Book No
31
Page No
1
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financial condition of the Property or any portion thereof, (xii) compliance of the Property with any or all past, <br />present or future federal, state or local ordinances, codes or similar laws, building, fire or zoning ordinances, codes <br />or other similar laws, (xiii) the existence or non-existence of underground storage tanks, (xiv) any other matter <br />affecting the stability or integrity of the land (xv) the potential for further development of the Property, (xvi) the <br />existence of vested land use, zoning or building entitlement affecting the Property, (xvii) the merchantability of the <br />Property or fitness of the Property for any particular purpose (Buyer affirming that Buyer has not relied on Seller's <br />skill or judgment to select or fumish the Property for any particular purpose, and that Seller makes no warranty that <br />the Property is fit for any particular purpose), or (xviii) tax consequences (including, but not limited to, the amount, <br />use or provisions relating to any tax credits). The Seller shall sell and convey to Buyer and Buyer shall accept the <br />Property "AS IS, WHERE IS WITH ALL FAULTS AND LIMITATIONS." Buyer has fully reviewed the <br />disclaimer and waivers set forth in this Agreement with its counsel and understands the significance and effect <br />thereof. <br />(1) Waiver. No claim of waiver, consent, or acquiescence with respect to any provision of this <br />Agreement shall be made against any party hereto except on the basis of a written instrument executed by or on <br />behalf of such party. However, the party for whose unilateral benefit a condition is herein inserted shall have the <br />right to waive such condition. <br />(m) Counterparts: Facsimile/Electronic Mail. This Agreement may be executed via facsimile <br />and/or electronic mail and in one or more counterparts, each of which shall be deemed an original and all of which <br />taken together shall constitute but one and the same instrument. <br />(n) Rule of Construction. Seller and Buyer have experience with the subject matter of this <br />Agreement, have been represented by counsel and have each fully participated in the negotiation and drafting of <br />this Agreement. Accordingly, this Agreement shall be construed without regard to the rule that ambiguities in a <br />document are to be construed against the drafter. <br />(o) Termination of Option. The underlying Option shall not terminate until Closing under this <br />Agreement or the naturally occurring expiration of the Option under the terms of the Option. <br />(p) This Contract represents the result of negotiations between Seller and Buyer, <br />neither of whom has acted under duress or compulsion and each of whom has had the opportunity to <br />consult with counsel of its own choice. Consequently, the provisions hereof shall be interpreted and <br />construed in accordance with their usual and customary meanings, and all parties waive any rule that any <br />ambiguous or conflicting provisions be construed against the party who caused this Contract to be dratted. <br />[SIGNATURE PAGE FOLLO WSJ <br />999999.009-2231269x3 10 <br />
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