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R2023-273 Resolution Authorizing Real Estate Purchase Agreement Including the Transfer of Real Estate Miracle Valley - City of Decatur 901-905 E. Wood Street and 1921 N. Railroad Avenue
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R2023-273 Resolution Authorizing Real Estate Purchase Agreement Including the Transfer of Real Estate Miracle Valley - City of Decatur 901-905 E. Wood Street and 1921 N. Railroad Avenue
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12/12/2023 12:08:50 PM
Creation date
12/12/2023 12:08:49 PM
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Resolution/Ordinance
Res Ord Num
R2023-273
Res Ord Title
R2023-273 Resolution Authorizing Real Estate Purchase Agreement Including the Transfer of Real Estate Miracle Valley - City of Decatur 901-905 E. Wood Street and 1921 N. Railroad Avenue
Department
City Clerk
Approved Date
12/4/2023
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authorized to execute this Agreement on behalf of the party for who the Agreement is signed. <br /> 16. Miracle Valley and City acknowledge and agree that this purchase is for a <br /> governmental purpose with public benefit and that this Agreement is expressly contingent upon <br /> approval by the Decatur City Council. <br /> 17. This is an enforceable Agreement placing specific obligations on the City and <br /> Miracle Valley. Either Party is entitled to all legal remedies available under law or equity, <br /> including suit for specific performance or damages. <br /> 18. Time shall be considered to be of the essence of this Agreement. <br /> 19. This Agreement contains the entire understanding of the parties hereto in respect of <br /> the transactions contemplated hereby and supersedes all prior agreements and understandings <br /> between the parties with respect to such subject matter there being NO ORAL <br /> REPRESENTATIONS. Miracle Valley represents that Miracle Valley has been advised by City <br /> to consult an attorney prior to signing this Agreement and acknowledge that it has read and <br /> understands each and every part of this Agreement. <br /> 20. The warranties and agreements contained herein shall extend to and be obligated <br /> upon the parties respective agents, representatives, officers, transferees, heirs, executors, <br /> administrators, successors, and assigns of the parties hereto. <br /> 21. This Agreement may be executed in counterparts, and any party hereto may sign any <br /> counterpart. This Agreement shall be effective when each party hereto has signed a counterpart, <br /> and a set of counterparts bearing the signature of each party hereto shall constitute the <br /> Agreement as fully as if all of the parties shall have signed a single document. <br /> 22. Miracle Valley acknowledges that Miracle Valley has inspected the RR Property and <br /> is acquainted with the condition thereof. Miracle Valley accepts the same in AS IS WHERE IS <br /> CONDITION,WITH NO REPRESENTATIONS OR WARRANTIES EITHER WRITTEN OR <br /> IMPLIED. MIRACLE VALLEY WARRANTS THAT MIRACLE VALLEY IS <br /> PURCHASING THE RR PROPERTY ON AN AS IS, WHERE IS BASIS AND <br /> ACKNOWLEDGES THAT NEITHER CITY NOR ANY OF ITS RESPECTIVE AGENTS, <br /> EMPLOYEES, OFFICERS OR DIRECTORS MADE ANY WARRANTIES OF ANY KIND, <br /> EXPRESS OR IMPLIED, EITHER ORAL OR WRITTEN WHETHER OF HABITABILITY, <br />
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