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5A4 Purchase Agreement (Scott St. NNN) - Fully Executed
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5A4 Purchase Agreement (Scott St. NNN) - Fully Executed
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5/14/2026 1:09:14 PM
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Dept of Community Investment
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10 <br />and effect until Buyer has fully satisfied all post‑closing obligations and commitments <br />under this Agreement and Seller has issued a Certificate of Completion. <br />14.MISCELLANEOUS. <br />A.This written Agreement constitutes the entire agreement between the <br />parties and supersedes any prior oral or written agreements between the Parties regarding <br />the Property. There are no verbal agreements which can or will modify this Agreement <br />and no waiver of any of its terms will be effective unless in a writing executed by the <br />Parties. <br />B.The Parties acknowledge and agree that Buyer’s project on the Property is <br />a private development and hereby renounce the existence of any form of agency <br />relationship, joint venture, or partnership between Buyer and Seller and agree that nothing <br />contained herein or in any document executed in connection herewith shall be construed <br />as creating any such. <br />C.No member, official, or employee of Seller or the City of South Bend, <br />Indiana may have any personal interest, direct or indirect, in this Agreement, nor shall any <br />such member, official, or employee participate in any decision relating to this Agreement <br />which affects his or her personal interests or the interests of any corporation, limited <br />liability company, partnership, or association in which he or she is, directly or indirectly, <br />interested. No member, official, or employee of Seller or the City of South Bend, Indiana <br />shall be personally liable to Buyer, or any successor in interest, in the event of any default <br />or breach by Buyer or for any amount which may become due to Buyer, or its successors <br />and assigns, or on any obligations under the terms of this Agreement. <br />D.Buyer and Seller represent and warrant to one another that neither has <br />engaged or dealt with any broker or other person who would be entitled to any brokerage <br />fee or commission with respect to the finding, negotiation or execution of this Agreement <br />or the consummation of the transactions contemplated hereby. <br />E.This Agreement shall be construed and enforceable in accordance with the <br />laws of the State of Indiana. Any action to enforce the terms or conditions of this <br />Agreement or otherwise concerning a dispute under this Agreement will be commenced in <br />the courts of St. Joseph County, Indiana, unless the parties mutually agree to an alternative <br />method of dispute resolution. Both parties hereby waive any right to trial by jury with <br />respect to any action or proceeding relating to this Agreement. <br />F.This Agreement shall be binding upon and inure to the benefit of the <br />parties hereto and their respective successors and assigns. Nothing in this Agreement, <br />express or implied, is intended or shall be construed to confer upon any person, firm, or <br />corporation other than the parties hereto and their respective successors or assigns, any <br />remedy or claim under or by reason of this Agreement or any term, covenant, or condition <br />hereof, as third-party beneficiaries or otherwise, and all of the terms, covenants, and <br />conditions hereof shall be for the sole and exclusive benefit of the parties herein. Except <br />for an assignment by Buyer to an entity of which Buyer has a controlling interest, Buyer <br />may not assign its rights and obligations under this Agreement without Seller's prior written <br />consent. In the event Buyer wishes to obtain Seller’s consent regarding a proposed <br />assignment of this Agreement, Seller may request, and Buyer shall provide, any and all
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