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05/13/14
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05/13/14
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7/18/2025 11:33:00 AM
Creation date
5/28/2014 2:18:42 PM
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Meetings
Meeting Document Type
Agenda
Document Title
Housing & Redevelopment Authority
Document Date
05/13/2014
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domain proceedings pending or, to Seller',s knowledge, threatened with respect to <br />the Property. <br />11.11. Additional Interests. There are no property interests or other improvements that <br />are owned by Seller and which are necessary or useful for the use and operation of <br />the Property that are not being conveyed pursuant to this Agreement. <br />11.12. Private Sewage Systems: Wells. There are no private sewage systems or wells <br />located on the Property. <br />11.13. Use of Property. To the best of Seller's knowledge, no methamphetamine <br />production has occurred on the Property. <br />11.14. Unpaid Labor and Materials. Neither Seller nor any other party is indebted for <br />labor or material that might give rise to the filing of notice of mechanic's lien <br />against any portion of the Property. <br />11.15. No Broker. Seller has not engaged the services of any broker in connection with <br />the sale and purchase contemplated by this Agreement except CBRE, to whom <br />Seller will pay all real estate commissions due and owning no later than the <br />Closing Date. <br />11.16. Property Notice / No Redemption Rights. There exist no outstanding redemption <br />rights in any third parties with respect to all or any portion of the Property and the <br />Seller has given all proper notices and obtained all requisite approvals necessary <br />to sell and convey the Property to the Buyer pursuant to the terms of this <br />Agreement. <br />Seller will indemnify the Indemnified Parties, against, and will hold each of the <br />Indemnified Parties harmless from, any expenses or damages, including reasonable <br />attorneys' fees, that the Indemnified Parties incur because of the breach of any of the <br />above representations and warranties. Each of the foregoing representations and <br />warranties shall be deemed remade as of the Closing Date with respect to the Property. <br />12. Representations and Warranties of Buyer. Buyer represents and warrants to Seller as of <br />the Effective Date and the Closing Date as follows: <br />12.1. Buyer is duly organized or incorporated under the laws of the State of its <br />formation and has received all requisite authority to transact business in the State <br />in which the Property is located. <br />12.2. Buyer has the power and authority to enter into this Agreement and all of the <br />Buyer's Closing Documents signed or to ble signed by it. <br />12.3. Buyer's execution, delivery and performance this Agreement and of the Buyer's <br />Closing Documents do not conflict with or result in violation of Buyer's <br />8 <br />
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