Laserfiche WebLink
In the event either party defaults, the non -defaulting party may sue for specific performance or damages, although <br />the HRA Board should note that given the contingencies in the purchase agreement it is likely that should F & C <br />decide not to proceed they would exercise a contingency and terminate the Purchase Agreement rather than default. <br />Recommendation: <br />Staff Recommends the HRA approve the Purchase Agreement. <br />Funding Source: <br />Cost of preparation of legal documents was funded by the HRA budget. <br />See Fiscal Impact section. <br />Council Action: <br />HRA Action: Approve the Purchase Agreement. <br />Fiscal Impact <br />Budgeted <br />Budgeted Year: 2010-2011 <br />Fund: HRA <br />Funding: <br />Cost of preparation of legal documents was funded by the HRA budget. <br />Ehlers Memo <br />Residence Plans <br />Location Map <br />Meeting Summary <br />Purchase Agreement <br />COR Presentation <br />Attachments <br />Form Review <br />Inboa Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 12/09/2010 i10 04 '_li PM <br />Form Started By Heidi Nelson Started On 12/08/2010 <br />Final Approval Date 12/09/2010 <br />