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Reso 2008-1264
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Reso 2008-1264
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Last modified
11/6/2015 1:43:01 PM
Creation date
5/30/2008 4:07:59 PM
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Template:
CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2008-1264
Date (mm/dd/yyyy)
05/15/2008
Description
Avila Property Purchase Agreement ($1,900,000.00)
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<br />expressly survive termination of this Agreement; or (2) proceed <br />to close this transaction. Seller hereby agrees to furnish <br />Buyer with written notice of a proposed condemnation within five <br />(5) business days after Seller's receipt of notification. <br />Should buyer terminate this Agreement, the parties hereto shall <br />be released from their respective obligations and liability <br />hereunder other than those that expressly survive termination of <br />this Agreement and Buyer shall receive a return of the Escrow <br />Funds provided that Buyer had timely exercised the Option in the <br />manner required under this Agreement. Should Buyer elect not to <br />terminate this Agreement, the parties hereto shall proceed to <br />Closing and Seller shall assign all of its rights, title and <br />interest in all awards in connection with such taking to Buyer. <br /> <br />18. Notice. Notices shall be in writing delivered by <br />hand, or by certified mail, return receipt requested, or <br />overnight delivery by nationally recognized service, to the <br />addressee at the address set forth herein, and shall be deemed <br />to have been delivered on the date of receipt of such notice, if <br />hand-delivered, or, if mailed, on the date the receipt for which <br />the certified mail is signed or refused, by the addressee or its <br />unauthorized agent or employee, or if an overnight nationally <br />recognized delivery service, on the business day immediately <br />following delivery to such delivery serVlce. Ei ther party may <br />change the address for notice to that party by delivering <br />written notice of such change in the manner provided above, such <br />change to be effective not sooner than ten (10) days after the <br />date of notice of change. If either party relies upon a hand <br />delivery as described herein, then the party using this medium <br />shall maintain an appropriate receipt of delivery, in the normal <br />course of business. <br /> <br />rBUYER: <br /> <br />The City of Sunny Isles Beach <br />18070 Collins Avenue <br />Fourth Floor <br />Sunny Isles Beach, Florida 33160 <br /> <br />I <br />I I <br />f---=t- <br />r_---=__ I ~~~~ <br /> <br />Attn: A. John Szerlag, City Manager and <br /> <br />Hans Ottinot, City Attorney <br /> <br />a <br /> <br />Harold M. Rifas, P.A. <br />7900 Red Road <br /> <br />to: <br />
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