Reso 99-113 - Laserfiche WebLink

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B) Sellers represent to the Buyers that they provided to Buyers all environmental reports that they have received that pertain to these properties. (2) COVENANTS, REPRESENTATIONS, AND WARRANTIES OF SELLERS: Seller hereby covenants, represents and warrants the following to the Buyer: (a) Each party executing this contract has the full, unrestricted authority to make, deliver, enter into the terms and conditions of this Contract and shall enter into all documentation as required by Buyer's Title insurance company, as required by the title insurance commitment that will be obtained by Buyer. (b) Seller is not insolvent and is not the subject of any pending, threatened or contemplated Bankruptcy, insolvency or other debtor relief proceedings. There are no actions, suits or proceedings pending or threatened against, by, or affecting the Sellers in any court or before any government agency relating to ownership of or Sellers' ability to convey the property. (3) DISCLOSURE: the laws of the State of Florida and the City Charter for the City of Sunny Isles Beach requires full sworn and notarized disclosure as to all parties in interest as to each Seller in this transaction. This disclosure must be provided to Buyer within ten (10) days of effective date of Contract and shall include the following information: (a) Identity of property and name of owner (b) Names and Addresses of each person or entity holding and interest either as owner or shareholder of owner and (c) For the corporate owner, the names and addresses of each officer and director. (4) SURVEY: Seller is providing Buyer with a copy of the existing survey on each parcel. Seller will enlist the services of a licensed surveyor at its sole cost and expense and will have the surveys properly certified and updated to satisfy all closing requirements. (5) COMMISSION APPROVAL: This Contract is contingent upon approval by the City Commission of the City of Sunny Isles Beach at its Commission meeting to be held on January 21, 1999. The effective date of this agreement shall be January 21, 1999. (6) F.D.O.T. CONTINGENCY: This Contract is expressly contingent upon conveyance or approval by F.D.O.T. , Florida Department of Transportation of the areas described below in Exhibit B attached hereto, located Just East and West of the subject parcels, of the property as described in Exhibit A, with the approval of FDOT and the Department of Environmental Resource Management (DERM) of Dade County to allow construction of a parking