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2003-059-RES APPROVE/AUTHORIZE REAL ESTATE PURCHASE AGREEMENT WITH CHAMBER OF COMMERCE FOR 3/10 OF LOT 1 BLOCK 102, LOTS 2A & B BLOCK 102-B
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2003-059-RES APPROVE/AUTHORIZE REAL ESTATE PURCHASE AGREEMENT WITH CHAMBER OF COMMERCE FOR 3/10 OF LOT 1 BLOCK 102, LOTS 2A & B BLOCK 102-B
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8/18/2006 4:28:00 PM
Creation date
5/12/2003 3:28:54 PM
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CITY CLERK
Doc Name
2003
Doc Type
Resolution
CITY CLERK - Date
3/17/2003
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<br />following will occur: <br /> <br />a. Closing documents. The parties will execute and deliver the closing documents. <br /> <br />b. Payment of purchase price. Buyer will deliver the purchase price and other <br />amounts that Buyer is obligated to pay under this contract to title company in funds <br />acceptable to the title company, and the adjustments thereto associated with the sale <br />of the Property shall be made. Thereafter, following any other disbursements or <br />other costs, the title company will be instructed to disburse the purchase price and <br />other funds in accordance with this contract, record the deed and other closing <br />documents directed to be recorded, and distribute documents and copies in <br />accordance with the parties' written instructions. <br /> <br />8. Termination. This contract shall be and is hereby made specifically subject to the <br />conditions of termination of that commercial real estate purchase agreement by and <br />between the Chamber of Commerce of Lamar County, Inc. and NEAT Properties, LLP, <br />Limited Liability Partnership, dated January 13, 2003, a copy of which is attached hereto <br />and for all purposes incorporated herein as Exhibit B, as said contract shall provide for <br />termination by either the Chamber or NEAT Properties, and upon termination of said <br />agreement in accordance with the terms of said agreement contract shall likewise be <br />terminated and of no further force and effect. <br /> <br />9. Miscellaneous provisions. <br /> <br />a. Notices. Any notice required by or permitted under this contract must be in <br />writing. Any notice required by this contract will be deemed to be delivered <br />(whether actually received or not) when deposited with the United States Postal <br />Service, postage prepaid, certified mail, return receipt requested, and addressed to <br />the intended recipient at the address shown in this contract. Notice may also be <br />given by regular mail, personal delivery, courier delivery, facsimile transmission, <br />or other commercially reasonable means and will be effective when actually <br />received. Any address for notice may be changed by written notice delivered as <br />provided herein. Copies of each notice must be given by one of these methods to <br />the attorney of the party to whom notice is given. <br /> <br />b. Entire Contract. This contract, together with its exhibits, and any Closing <br />Documents delivered at closing constitute the entire agreement of the parties <br />concerning the sale of the Property by Seller to Buyer. There are no oral <br />representations, warranties, agreements, or promises pertaining to the sale of the <br />Property by Seller to Buyer not incorporated in writing in this contract. This <br />contract is in replacement of and in all things supercedes that prior Real Estate <br />Purchase Agreement between the parties dated February 10, 2003. <br /> <br />Page 5 of 8 <br />
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