R2024-365 Resolution Authorizing Real Estate Purchase Agreement Andrew R. Weatherford and Josie D. Luedke-City of Decatur, Illinois-412 S. Franklin Street

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documents required. Owner shall be responsible for all Real Estate Taxes due and owning and/or accruing prior to Settlement Date. Buyer agrees to cooperate should Seller elect to sell the premises as part of a like-kind exchange under IRC Section 1031. Seller's contemplated exchange shall not impose upon Buyer any additional liability or financial obligation, and Seller agrees to hold Buyer harmless from any liability that might arise from such exchange. This Contract is not subject to or contingent upon Seller's ability to acquire suitable exchange property or effectuate an exchange. In the event any exchange contemplated by Seller should fail to occur,for whatever reason,the sale of the premises shall nonetheless be consummated as provided herein. Assignment of this contract for any reason, including in relation to a like-kind exchange,shall not relieve Seller of the obligations undertaken hereunder. Section 5. All notices, demands and requests that are required or allowed to be given by either party shall be in writing and shall be personally delivered or sent by certified mail,postage prepaid,to the address as set forth below or to such other address as either party may subsequently designate in writing: OWNER: CITY: Andrew R.Weatherford and City of Decatur Josie D. Luedke City Manager 543 Lauren Lane One Gary K.Anderson Plaza Forsyth, IL 62535 Decatur, IL 62523-1196 Section 6. Owner warrants that to the best of its knowledge, information and belief, there are no underground storage tanks of any kind located upon the property they currently own. Owner and City represent to each other that each has retained and relied 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. Owner and City represent to each other that any such professional fees and expenses incurred in connection with this Agreement 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. Section 7. 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. Section 8. Owner and City acknowledge and agree that this purchase is for a governmental purpose and that this Agreement is expressly contingent upon approval by the Decatur City Council.