Reso 2018-2840 - Laserfiche WebLink

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(a) The Owner is a duly organized and validly existing limited liability corporation under the laws of the State of Florida and has all necessary powers and authority to enter into this Agreement and to perform and carry out the terms and conditions required of it hereunder. 8. City Warranties and Representations. (a) The City hereby warrants and represents to the Owner that it is a duly organized and validly existing municipal corporation under the State of Florida and a political subdivision of the State of Florida and has all necessary power and authority to enter into this Agreement and to perform and carry out the terms and conditions required of it hereunder. 9. Inspection and Due Diligence. The City shall have the right, at its own cost and expense, to (i) inspect the Property to its full and complete satisfaction with the full cooperation of the Owner within 60 days ("Inspection Period") from the date of execution of this Agreement, (ii) such inspection will be undertaken by one or more persons of City's choosing, and(iii) the Owner shall provide the City with reasonable and full access to the Property for the purpose of its inspection but in no event shall City's inspection unreasonably interfere with the on-going business of the tenant. During the Inspection Period, the City is authorized to investigate all aspects of the Property including title, survey, environmental, soils, entitlements, land use considerations, access, and utilities. The City acknowledges that it has not relied, and does not rely, upon any warranties, representations, or statements concerning the Property other than those that are specifically included in this Agreement. The City acknowledges the present state and condition of-the Property and agrees to accept the Property,notwithstanding any known deficiencies or defects of or with respect to the Property. 10. The Owner's Documentation and Delivery of Instruments. Prior to Closing or otherwise, in the time periods specifically set forth herein, the following documents and instruments will be executed and delivered by the Owner to Escrow Agent to be held by Escrow Agent pursuant to the terms of the Escrow Agreement the form of which is attached hereto as Exhibit"E" (the"Escrow Agreement"): (a) A copy of unrecorded Warranty Deed to the City's Escrow Agent upon the creation of a private TDR account for the Navarro's TDRs; and (b) The Deed, executed by the Owner, conveying to City all of the Owners' right, title and interest in and to the Real Property at the time of Closing; and 4of8 •