Resolution 2015-05 - Laserfiche WebLink

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conformity shall be made by the Louisville City Manager. The contractors performing the Scope of Work shall be qualified and have experience and expertise in completing stabilization and rehabilitation of historic structure in accordance with the Department Standards, and the City Manager shall have the right to approve or disapprove the contractors proposed for the work based on the City Manager's review of such qualifications. The Purchaser shall complete the stabilization Scope of Work and receive written City approval thereof by October 31, 2015. In the event Purchaser does not complete the stabilization Scope of Work and receive written City approval thereof by October 31, 2015, Seller shall have the right to require Purchaser re- convey to Seller by special warranty deed title to Lot 2, together with rights of access over Outlot A and the right to not less than six parking spaces within Outlot A. The City's rights under this Section may, at the City's option, be set forth in the special warranty deed conveying Lot 2 to Purchaser. Such remedies are in addition to the provisions of this Agreement providing that title to Lot 3 shall not be transferred to Purchaser until Purchaser has completed the stabilization Scope of Work and received written City approval thereof. In the event Purchaser cannot complete the stabilization Scope of Work by October 31, 2015 solely due to acts of God or other circumstances constituting force majeure beyond the control of Purchaser, then such completion deadline shall be extended by that number of days that is equal to the number of days of the existence of such acts of God or other circumstance constituting force majeure. 3. Effect of this Amendment. As amended by the terms hereof, the Agreement is in full force and effect and is hereby ratified by the parties, with both parties acknowledging that no defaults exist under the Agreement by the other party. 4. Conflict. In the event of any conflict between the Agreement and this Amendment, the terms and conditions of this Amendment shall control. 5. Counterparts. This Amendment may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute the binding and enforceable agreement of the parties hereto. NEXT PAGE IS THE SIGNATURE PAGE