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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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development af the Property. <br /> (b) Buyer obtaining all approvals and permits from all governmental authorities <br /> having jurisdiction over the Properry which are necessary to permit Buyer's praposed development <br /> of the Property. <br /> (c} Buyer promptly commencing construction on the Premises of a Community <br /> Care Campus to include an all-inclusive drug misuse rehabilitation facility to the Decatur axea, <br /> inpatient drug detox and treatment center, autpatient treatment center and associated uses or those <br /> uses, including but not lirnited to social services and residential or institutional uses, that are <br /> consistent with the national CDBG abjectives as agreed to in writing by the Seller. <br /> (d) Buyer maintaining all utility easements within or relocating all utilities from <br /> alleyways and vacated public rights of way more particularly described on E�ibit B attached <br /> hereto. <br /> If all of the foregoing conditians have not been satisfied within 180 days after the <br /> Effective Date of this Contract, then this Contract may be terrninated by Seller by written notice <br /> ta Buyer. As used in this Contract, "Effective Date of this Contract" means the date that bath <br /> parties have executed this Contract and received a fully executed original of this Contract. <br /> 3.2 Buyer's obligations under this Contract are subject to the following <br /> canditions: <br /> (a) Buyer rnay, at its expense and option, obtain such title reports and surveys <br /> as to the Premises as Buyer may desire. Buyer shall advise Seller in writing within 30 days after <br /> the effective date of this agreement concerning any defect in the c�nditian of title disclosed by <br /> such reports or surveys and rendering the title unmarketabie. In the event of such notice, the <br /> conveyance to Buyer shall be delayed pending Sellers efforts to resolve the same. In event Seller <br /> is unable or unwilling to cure such defects within a reasanable time after notice thereof,Buyer ar <br /> 2 <br />
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