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Resolution 2015-64
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Resolution 2015-64
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Last modified
3/12/2021 4:12:55 PM
Creation date
9/17/2015 8:44:43 AM
Metadata
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Template:
City Council Records
Also Known As (aka)
Grain Elevator Purchase Agreement Amendment 07
Doc Type
Resolution
Signed Date
9/15/2015
Ord/Res - Year
2015
Ord/Res - Number
64
Subdivision Name
Louisville Mill Site
Project Name
Grain Elevator
Cross-Reference
540 Front St
544 Front St
Original Hardcopy Storage
7D6
Supplemental fields
Test
RES 2015-64
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1.1 Obligations of Purchaser at Closing. At the initial Closing, if the stabilization <br />Scope of Work is not complete, the Deposit shall be increased by $10,000, to a total Deposit of <br />$20,000. At the separate closing for Lot 3 indicated in 5.2.2, the Purchaser shall deliver the <br />Purchase Price of $200,000 less the amount of the Deposit to Seller, subject only to the <br />adjustments set forth in Section 5.4, by certified or bank cashier's check or by wire transfer of <br />federal funds at Seller's direction. Purchaser shall execute such other documents as are required <br />by this Agreement or reasonably required by the Title Company to effectuate the transaction <br />contemplated herein. <br />3. Effect of this Amendment. As amended by the terms hereof, the Agreement is in full <br />force and effect and is hereby ratified by the parties, with both parties acknowledging that <br />no defaults exist under the Agreement by the other party. <br />4. Conflict. In the event of any conflict between the Agreement and this Amendment, the <br />terms and conditions of this Amendment shall control. <br />5. Counterparts. This Amendment may be executed in counterparts, each of which shall be <br />deemed an original and all of which together shall constitute the binding and enforceable <br />agreement of the parties hereto. <br />SIGNATURE PAGE IS THE NEXT PAGE <br />
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