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Redevelopment Commission Agenda & Packet 06.11.26
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Redevelopment Commission Agenda & Packet 06.11.26
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Dept of Community Investment
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2 <br /> <br />1. RECITALS <br />The recitals above are hereby incorporated into this Agreement by reference. <br />2. OFFER AND ACCEPTANCE <br />A copy of this Agreement, signed by Buyer, constitutes Buyer’s offer to purchase the Property on <br />the terms stated in this Agreement and shall be delivered to Seller, in care of the following <br />representative (“Seller’s Representative”): <br />TO SELLER: City of South Bend <br /> Department of Community Investment <br /> 215 S. Dr. Martin Luther King Jr. Boulevard, Suite 500 <br /> South Bend, Indiana 46601 <br /> Attn: Executive Director, Department of <br /> Community Investment <br /> <br />WITH A COPY TO: South Bend Legal Department <br /> 215 S. Dr. Martin Luther King Jr. Boulevard, Suite 600 <br /> South Bend, Indiana 46601 <br /> Attn: Corporation Counsel <br /> <br />This offer shall expire thirty (30) days after delivery unless accepted by Seller. To accept Buyer’s <br />offer, Seller shall return a copy of this Agreement, counter-signed by Seller in accordance with <br />applicable laws, to the following (“Buyer’s Representative”): <br />TO BUYER: Greater Lowell Holdings LLC <br /> P.O. Box 148 <br /> South Bend, Indiana 46624-0148 <br /> Attn: Frank Perri <br /> <br />WITH A COPY TO: ______________________________ <br /> <br /> ______________________________ <br /> <br /> ______________________________ <br /> <br /> Attn: ______________________________ <br /> <br />3. PURCHASE PRICE AND EARNEST MONEY DEPOSIT <br />A. Purchase Price. The purchase price for the Property shall be Eighty-Three <br />Thousand Dollars ($83,000.00) (the “Purchase Price”), payable by Buyer to Seller in cash at the <br />closing described in Section 10 below (the “Closing,” the date of which is the “Closing Date”). <br />B. Earnest Money Deposit. Within ten (10) business days after the Contract Date, <br />Buyer will deliver to a title company selected by Seller and reasonably acceptable to Buyer (the
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