R2022-180 Resolution Authorizing an Agreement Between the City of Decatur, Illinois, and Lindy Lu LLC., for the Sale of Retired Fire Station #3 Located at 1308 and 1316 West Eldorado St.

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One Gary K. Anderson Plazza 1969 Shore Oak Dr. Decatur, IL 62523 Decatur, IL 62521 8. City and Buyer represent to each other that each has retained and relied on or had the Opportunity to retain and rely on its own legal counsel, accountants and other professional advisers in connection with the negotiation, execution, and performance of this Agreement and its consequences, including,without limitation, tax consequences. City and Buyer represent to each other that any such professional fees and expenses incurred in connection with this Agree- ment and its performance or in any other regard, shall be the sole obligation of that party, and each party shall pay its own expenses related to this Agreement and performance of its respective obligations hereunder. 9. Each signator to this Agreement warrants and represents that such signator is duly authorized to execute this Agreement on behalf of the party for who the Agreement is signed. 10. This Agreement is expressly contingent upon payment of the agreed purchase price by Buyer to City. 11. This is an enforceable Agreement placing specific obligations on the City and the Buyer. Either Party is entitled to all legal remedies available under law or equity, including suit for specific performance or damages. 12. Time shall be considered to be of the essence of this Agreement. 13. Buyer is advised to review all easements, government regulations and restrictions before entering into this Agreement and to seek legal advice if assistance is required. 14. This Agreement contains the entire understanding of the parties hereto in respect of the transactions contemplated hereby and supersedes all prior agreements and understandings between the parties with respect to such subject matter there being NO ORAL REPRESENTA- TIONS. Buyer represents that Buyer has been advised by City to consult an attorney prior to signing this Agreement and acknowledges that it has read and understands each and every part of this Agreement. 15. The warranties and agreements contained herein shall extend to and be obligated upon the heirs, executors, administrators, successors, and assigns of the parties hereto.