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R2016-20 AUTHORIZING REAL ESTATE CONTRACT Wabash Redevelopment Area
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R2016-20 AUTHORIZING REAL ESTATE CONTRACT Wabash Redevelopment Area
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Last modified
3/29/2016 9:36:01 AM
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3/29/2016 9:36:00 AM
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Resolution/Ordinance
Res Ord Num
R2016-20
Res Ord Title
AUTHORIZING REAL ESTATE CONTRACT FOR PROPERTY LOCATED IN THE 400-500 BLOCKS OF EAST KING STREET, THE 400-500 BLOCKS OF EAST CENTRAL AVENUE AND THE 800 BLOCK OF NORTH MARTIN LUTHER KING JR. DRIVE IN THE WABASH CROSSING REDEVELOPMENT AREA
Approved Date
3/7/2016
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terms of this agreement and shall be binding on the parties, their respective <br /> successors, personal representatives, heirs and assigns. <br /> (14) Miscellaneous <br /> (a) This Contract shall be void if not fully executed within thirty <br /> (30) days following contract approval by the Decatur City Council. <br /> (b) Any notice which either party may be required to give <br /> hereunder or which either party is permitted or may desire to give to the other <br /> party shall be in writing and given either personally or by mailing the same by <br /> registered or certified mail, return receipt requested, to the party to whom notice <br /> is directed at the address of such party as follows: <br /> Seller: City of Decatur !i <br /> #1 Gary K. Anderson Plaza ' <br /> Decatur, IL 62523 <br /> Buyer: Jerome Pelz <br /> Director, Northeast Community Fund <br /> 825 N. Water Street <br /> Decatur, IL 62523 <br /> Any notice served by mail shall be deemed given on the day in which the <br /> same is postmarked and deposited in the United States mail, addressed as <br /> above provided with postage thereon fully prepaid. Either party may change the <br /> party or address to which any such notice is to be addressed by giving written <br /> notice to the other party of such change. Any time limitation provided for in this <br /> Contract shall begin on the date that the party actually receives such notice, or <br /> refuses to accept delivery, and the date of postmark of any return receipt <br /> indicating the date of delivery of such notice to the addressee shall be conclusive <br /> evidence of such receipt. <br /> (c) This Contract constitutes the entire agreement between <br /> Seller and Buyer, and there are no other covenants, agreements, or conditions, <br /> either oral or written, between them concerning the Property other than those set <br /> 8 <br /> Page 25 of 180 <br />
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