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Reso 2014-2296
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Reso 2014-2296
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Last modified
7/16/2024 2:40:30 PM
Creation date
9/22/2014 1:24:02 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2014-2296
Date (mm/dd/yyyy)
09/18/2014
Description
Ratify Sale & Purchase Agmt w/Plaza of the Americas Club, 826W Overpass Bridge
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change would be sought. This Agreement shall be binding upon the parties hereto and their <br />respective successors and assigns. <br />(f) This Agreement and any subsequent amendments hereto may be executed <br />in any number of counterparts, each of which, when executed, shall be deemed to be an original, <br />and all of which shall be deemed to be one and the same instrument. Facsimile transmission <br />signatures shall be deemed original signatures. <br />(g) If prior to the Closing, a taking by condemnation or eminent domain shall <br />occur, Purchaser shall have the option to either close the purchase of the Property, in which event <br />Purchaser shall be entitled to the condemnation awards, if any, or Purchaser may terminate this <br />Agreement. Such election shall be made by Purchaser's written notice to Seller within ten (10) <br />calendar days following written notice from Seller to Purchaser informing Purchaser of the <br />taking. If Purchaser shall elect to terminate this Agreement pursuant to this paragraph, the parties <br />shall be relieved of any obligations or liabilities hereunder and the Escrow Agent shall return the <br />Deposit together with any interest accrued thereon to Purchaser. <br />14. Threat of Condemnation. Purchaser's acquisition of the Property from Seller is <br />being made under the threat of condemnation. <br />IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year <br />first set forth above. <br />WITNESSES: <br />VelM <br />ruiC Name] <br />PLAZA OF THE AMERICAS CLUB, INC.; <br />as Seller <br />BY: -- <br />Date Executed: .. 6 1f J <br />Page 5 of 10 <br />
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