R98-20 AUTHORIZING AGREEMENT - Laserfiche WebLink

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' -5 - outside the corporate limits of the City within said twenty (20) years. In the absence of the information required by subparagraph (a) for the purpose of ascertaining and verifying the ROT paid,Brady shall be obligated to pay an amount equal to the ROT paid for the last full year prior to such sale or assignment,increased by an amount equal to the increase in the CPI from the end of said year to the end of the year for which payment is due, for each year remaining in said twenry (20)year period. C. Subsections (A) and (B) hereof shall apply to all dealerships purchased by Brady as set out in Section 1(B). Section Five: Contingencies This contract is subject to the following contingencies and if any one or more of the said contingencies are not met, the contract is null and void. However, Brady must advise City within 90 days of the date of this agreement if any contingency has not been met. If notice is not given within 90 days,the contingency shall be deemed to have been waived. A. The Lessor of the Auto Mall property consents to the assignment of the lease to the City. B. All manufacturers/franchisers of Brady consent to the relocation. C. Brady and the Owner of the Premises have an agreement that Brady can purchase appro�mately 16 acres of the Premises. D. Brady is able to make reasonable provisions for financing his obligations under this agreement. E. Brady has secured assurance from the Macon County Zoning Department that the Premises and the immediately surrounding area are zoned commercial. Section Six: Relationship to Other Agreements A. This Agreement is related to an annexation agreement between the City of Decatur and Donald L. Wilber as trustee of the Alvin T. Boyd family trust, John Tryner, Amy Tryner, Janko Financial Group,L.L.C. and a Real Estate Purchase Agreement between Janko Financial Group, L.L.C. and Brady. The parties agree that neither party is