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99-01 AUTHORIZING SALE OF REAL PROPERTY - NORTH WATER TREATMENT PLANT - ARCHER-DANIELS-MIDLAND COMPANY
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99-01 AUTHORIZING SALE OF REAL PROPERTY - NORTH WATER TREATMENT PLANT - ARCHER-DANIELS-MIDLAND COMPANY
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Last modified
3/10/2016 9:17:26 AM
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3/10/2016 9:17:21 AM
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Resolution/Ordinance
Res Ord Num
99-01
Res Ord Title
AUTHORIZING SALE OF REAL PROPERTY - NORTH WATER TREATMENT PLANT - ARCHER-DANIELS-MIDLAND COMPANY
Approved Date
1/4/1999
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� ', ,. , r <br /> , � � . <br /> City and its Mayor, City Counsel, of�cers, employees, attorneys, representatives and agents from <br /> any and all claims, suits, and judgments, including litigation expenses and attorneys' fees, <br /> relating in any way to the authority, propriety or appropriateness of ADM executing or <br /> performing this Agreement or as the result of the breach of any obligation, covenant, <br /> representation or warranty of ADM set forth in this Agreement. <br /> 28. Closing Costs. Each party shall pay its respective legal fees and expenses, <br /> closing costs and title charges incurred in connection with the preparation, execution and <br /> performance of this Agreement and the Closing. <br /> 29. Publicitv. The parties agree to make no public statement with respect to this <br /> Agreement or the transactions contemplated thereby until a joint press release, which the City <br /> shall draft, shall be issued. <br /> 30. Notices. All notices in connection with this Agreement shall be given when <br /> mailed by certified mail, postage prepaid, on ADM to President, Archer-Daniels-Midland <br /> Company, Box 1470, Decatur, Illinois 62525, with a copy to General Counsel, at the same <br /> address; and on the City to City Manager, City of Decatur, #1 Gary K. Anderson Plaza, Decatur, <br /> Illinois 62523-1196, with a copy to Corporation Counsel, at the same address. <br /> 31. Assignments and Applicable Law. This Agreement shall inure to the benefit of <br /> and be binding upon the successors, transferees and assigns of ADM and upon the successors, <br /> transferees and assigns of the City, and each of them. However, this Agreement shall not be <br /> assignable by either party without the prior written consent of the other party. This Agreement <br /> shall be deemed to be an Illinois contract and any matter concerning the Agreement shall be <br /> deternuned by Illinois law. <br /> 32. Invaliditv. If any term or provision of this Agreement or the application thereof <br /> to any person or persons shall to any extent be invalid or unenforceable as finally determined by <br /> -20- <br />
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