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Award Bid - Sale of City Property - 1241 W. California Ave.
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Award Bid - Sale of City Property - 1241 W. California Ave.
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9/10/2020 9:38:42 AM
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9/10/2020 9:38:39 AM
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Board of Public Works
Document Type
Contracts
Document Date
9/8/2020
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Buyer, and Buyer’s successors and assigns, shall be liable for any and all real property <br />taxes assessed and levied against the Property with respect to the year in which the sale <br />occurred and for all subsequent years. Seller shall have no liability for any real property <br />taxes associated with the Property, and nothing in this Agreement shall be construed to <br />require the proration or other apportionment of real property taxes resulting in Seller’s <br />liability therefor. <br /> <br />5. TITLE AND ABSTRACT COSTS <br />The Buyer agrees to pay all title and abstract costs involved in said transaction which it <br />shall desire or request. <br />6. COMMISSIONS <br />The Parties acknowledgethat neither is represented by any broker in connection with the <br />transaction contemplated in this Agreement. Buyer agrees to indemnify and hold Seller <br />harmless from any claim for commissions in connection with the transaction <br />contemplated in this Agreement. <br /> <br />7. INTERPRETATION; APPLICABLE LAW <br />Both Parties having participated fully and equally in the negotiation and preparation of <br />this Agreement, this Agreement shall not be more strictly construed, nor shall any <br />ambiguities in this Agreement be presumptively resolved, against either Party. This <br />Agreement shall be interpreted and enforced according to the laws of the State of Indiana. <br /> <br />8. ENTIRE AGREEMENT <br />This Agreement embodies the entire agreement between Seller and Buyer and supersedes <br />all prior discussions, understandings, or agreements between Seller and Buyer concerning <br />the transaction contemplated in this Agreement, whether written or oral. <br />9. BINDING EFFECT; COUNTERPARTS; SIGNATURES <br />All the terms and conditions of this Agreement will be effective andbinding upon the <br />Parties and their successors and assigns at the time the Agreement is fully signed by <br />Buyer and Seller. This Agreement may be separately executed in counterparts by Buyer <br />and Seller, and the same, when taken together, will be regarded as one original <br />Agreement. Facsimile signatures will be regarded as original signatures. <br />10. AUTHORITY TO EXECUTE <br />The undersigned Parties executing and delivering this Agreement represent and certify <br />that they are the duly authorized and fully empowered to execute and deliver this <br />Agreement. <br /> <br />3 <br /> <br />
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