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R99-93 AUTHORIZING PURCHASE OF REAL PROPERTY
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R99-93 AUTHORIZING PURCHASE OF REAL PROPERTY
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Last modified
4/8/2016 10:04:20 AM
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4/8/2016 10:04:19 AM
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Resolution/Ordinance
Res Ord Num
R99-93
Res Ord Title
AUTHORIZING PURCHASE OF REAL PROPERTY - 1128, 1134 AND 1162 NORTH WATER STREET
Approved Date
6/1/1999
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� , <br /> . •. <br /> environmental engineering firm regarding the environmental study. Buyer will pay all costs of <br /> the environmental study. If, before settlement, Buyer is not reasonable satisfied in any respect <br /> with such data and information contained in the Environmental Study or receives notification <br /> from any reasonably reliable source that Hazardous Materials or underground storage tanks exist <br /> in; under or on the premises, then Buyer shall have the right to decline to purchase and acquire <br /> the premises, in its sole discretion, which right shall be in addition to any other right Buyer has <br /> under this contract. <br /> 11. The Buyer and Seller expressly acknowledge that this Purchase Contract was the <br /> result of willing, voluntary and good faith negotiations between Seller and Buyer, on behalf of <br /> each party, and further acknowledge that neither party acted in bad faith or in any manner <br /> attempted to compel or coerce the other, and accordingly each hereby releases the other from any <br /> and all costs, claims, demands, damages, rights of action or causes of action resulting from or <br /> arising out of any actions taken by the other party, including any officers or employees of either <br /> party, and including the Local Liquor Control Commissioner of the City of Decatur, relating to <br /> or concerning either City of Decatur Liquor License #951 A , including but not limited to the <br /> revocation or suspension of same, or the purchase of the premises by the City. This provision <br /> shall continue in effect after the execution and delivery of any deed for the premises to Buyer. <br /> 12. The date of this contract is the latest date of signing by all parties. <br /> SELLER: BUYER: <br /> Waks Investments L.L.C., an Illinois City of Decatur, Illinois, a municipal corporation, <br /> Limited Liability Company, <br /> Byc�a.�,� �J. (it��-- B ��� <br /> y <br /> Dated: �✓�� � Q 9 Dated: �%�-- Z i �� <br /> LOCAL LIQUOR CONTROL COMMISSIONER: <br /> -=� <br /> � _ .... . <br /> Dated: L r <br /> 4 <br />
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