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R2018-114 Resolution Authorizing Real Estate Contract for Property Generally Located in the 200-500 Blocks of East Marietta Street, The 200-500 Blocks of East King Street, The 200-500 Blocks of East Central Avenue, The 200-500 Block of East Wabash Avenue
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R2018-114 Resolution Authorizing Real Estate Contract for Property Generally Located in the 200-500 Blocks of East Marietta Street, The 200-500 Blocks of East King Street, The 200-500 Blocks of East Central Avenue, The 200-500 Block of East Wabash Avenue
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Last modified
11/1/2018 9:40:28 AM
Creation date
9/25/2018 3:27:06 PM
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Resolution/Ordinance
Res Ord Num
R2018-114
Res Ord Title
R2018-114 Resolution Authorizing Real Estate Contract for Property Generally Located in the 200-500 Blocks of East Marietta Street, The 200-500 Blocks of East King Street, The 200-500 Blocks of East Central Avenue,
Department
Econ and Com Dev
Approved Date
9/4/2018
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CONTRACT OF SALE <br /> THIS CONTRACT OF SALE ("Contract") is by and between the CITY OF DECATUR, <br /> an Illinvis municipal corporation ("Seller"), and CROSSING HEALTHCARE, L(JCATED AT <br /> 320 Central Avenue, DECATUR,IL 62523 having FEIN#37-0951830 ("Buyer"). <br /> WITNESSETH: <br /> Seller agrees to sell and Buyer agrees to purchase on the terms and conditions hereinafter <br /> set forth, the unimproved real estate situated in Macon County, Illinois, described on E�ibits A <br /> and B attached hereto and incorporated by reference(the "Premises"). <br /> 1. Purchase Price. The purchase price for the Property is Six Hundred Fifty ($650) <br /> Dallars with purchase price for the praperty to he paid at closing, subject to clasing adjustments. <br /> 2. No Representations. Seller has not made and does not make any representations, <br /> warranties or guarantees of any kind concerning the Premises or its condition or suitability for <br /> Buyer's proposed use, wnether express or implied, oral or written. Buyer agrees that it is <br /> purchasing the Premises"as is"with all faults and defects and based solely on Buyer's inspectian, <br /> testing and investigation of the Praperty. Buyer acknowledges that the disclaimers, agreements <br /> and other staternents set farth in this section are an integral portian of this Contract and that Seller <br /> would not agree to sell the Premises to Buyer for the purchase price without the disclaimers, <br /> agreements and other statements set forth in this Paragraph 2 and that the disclaimers, agreements <br /> and other statements in this Paragraph 2 shall survive the closing af the sale under this Contract. <br /> 3. Canditions Precedent. <br /> 3.1 Seller's obligations under this Contract are subject to the fallowing <br /> conditions: <br /> (a) Seller approving Buyer's site plan and landscape plan for Seller's proposed <br />
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