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No. 1101 approving an agreement among the SBRA, SBRC and the St. Joseph County Airport Authority for the operation and management of Blackthorn Golf Course and authorizing the execution thereof
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No. 1101 approving an agreement among the SBRA, SBRC and the St. Joseph County Airport Authority for the operation and management of Blackthorn Golf Course and authorizing the execution thereof
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property and other items of any kind or nature from the Premises, <br />except fixtures and other items permanently affixed to the Premises, <br />except only for those items to remain as a part of the Premises as <br />herein described. <br />(c) Title Commitment. Redevelopment shall have received <br />the Title Commitment. <br />(d) Improvements. The Airport Land and all buildings and <br />improvements located thereon will at the Closing be in the same <br />condition and repair as of the date hereof, reasonable wear and tear <br />excepted. <br />(e) Deed. Redevelopment has received the form and content <br />of a deed conveying the Airport Land to Redevelopment, and all other <br />documents and instruments required to effect the conveyance of the <br />Airport Land and the agreements of the parties herein set forth. <br />(f) Bond Sale. Redevelopment shall have been issued and <br />sold the Bonds, and such Bond sale shall have taken place on or <br />before October 30, 1992. <br />7. REAL ESTATE TAXES <br />Airport shall assume all real property taxes and any general <br />and /or special assessments which may be imposed or which may have <br />accrued, if any, on or before the date of Closing, including, but not <br />limited to, 1991 taxes payable in 1992, 1992 taxes payable in 1993, <br />including interest and penalties, if any. <br />S. CLOSING. <br />(a) Provided all conditions set forth in Section 6 hereof <br />or elsewhere herein have been satisfied or waived, within the time <br />period therein required, and subject to Section 18 herein, the <br />Closing shall take place at such time and date within fifteen (15) <br />days thereafter as agreed between Redevelopment and Airport, unless <br />extended in writing by mutual agreement of the parties hereto. The <br />Closing shall occur at the offices of Redevelopment's counsel, or at <br />such other place as agreed by Redevelopment and Airport. In the <br />event all the conditions precedent to be performed by Airport have <br />not been satisfied by October 15, 1992, this Agreement may be <br />cancelled, at the option of Redevelopment, without obligation or <br />liability to either party hereto. In the event all conditions <br />precedent to be performed by Redevelopment have not been satisfied by <br />October 30, 1992, this Agreement may be cancelled at the option of <br />the Airport, without obligation or liability to either party hereto. <br />(b) Each party shall be responsible for its costs and <br />expenses in accordance with the obligations or conditions to be <br />performed by each respective party hereto, except as expressly set <br />forth herein. <br />MM <br />
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