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Reso 2003-534
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Reso 2003-534
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Last modified
7/1/2010 9:41:01 AM
Creation date
1/25/2006 1:57:17 PM
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Template:
CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2003-534
Date (mm/dd/yyyy)
04/08/2003
Description
– Sale of City-Owned Property @ 393-401 Sunny Isles Blvd to FPL.
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<br />contained upon or under the land or being discharged from the land directly or indirectly into any <br /> <br />body of water. Seller knows of no breach of applicable laws or regulations, nor of any <br /> <br />underground tank located on or under the Property. <br /> <br />19. ItJ.vestigation. <br />Seller and Buyer agree that after the execution in full of this Agreement, Buyer shall have <br /> <br /> <br />the right to enter upon the Property for the purpose of inspecting same, making surveys, maps, <br /> <br /> <br />contour studies, engineering studies, conducting test borings, other subsurface soil tests and the <br /> <br /> <br />like, all for the purpose of determining whether the Property is suitable for the intended use. All <br /> <br /> <br />of the foregoing shall be at Buyer's sole cost and expense, and the Seller shall have no <br /> <br /> <br />responsibility in connection herewith. The Buyer agrees to hold the Seller harmless from any <br /> <br />damages to persons or property as a result of the foregoing. Buyer's right to enter into the <br /> <br />Property is expressly conditioned upon Buyer's covenant to protect the Seller from the filing of <br /> <br />any liens against the Property. In the event any such liens are filed, the Buyer shall either pay <br /> <br />the sum claimed by the lienor at once or bond such claim in the manner permitted by law. Buyer <br /> <br />shall restore the Property to its original condition at the completion of all of its tests and studies. <br /> <br />Buyer shall complete all such studies and testing within one hundred twenty (120) days of the <br /> <br />Effective Date of this Agreement. In the event any of the foregoing tests or studies obtained by <br /> <br /> <br />Buyer discloses, in Buyer's sole judgment, that the Property is unsuitable for the intended use, <br /> <br /> <br />the Buyer shall have the right to void this Agreement and receive the immediate return of its <br /> <br /> <br />Deposit. In that event, the parties shall have no further obligation to each other except as to the <br /> <br /> <br />obligation to hold the Seller harmless. <br />20. Compliance with Governmental Requirements: No Lawsuits: Authority. <br /> <br />Seller represents and warrants to Buyer that (a) to the best of Seller's knowledge and <br /> <br />9 <br />
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