City Council Agenda and Packet 1985 06 18

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TO Sf.L.LIRS t TO PUNCSASIns Dwight robe City Administrator Beulah Robs City of Louisville 1241! Appaloosa Place 74! Main Street Broomfield, CO 10020 Louisville, CO $0027 Notice of any change in the addresses to be used for notification hereunder shall be provided in the same manner. 1; 10. Closing shall be held in Louisville, Colorado at a Ij mutually agreeable time and shall be held no later than June 27, I. � 1l13. Conveyance shall be free and clear pf ell liens and encumbrances by aaaiglasnt of certificate No. - to the Purchaser. Purchaser shall simultaneously therewith deliver to Sellers Purchaser's check in the amount of seventh-five Nundrad Dollars ($7,500.00). 11. The benefits of this agreement and the burdens EI hereunder shall respectively inure to and be binding upon the 1 successors and assigns of the parties hereto. 12. No amendment or codification of this agreement shall be of any force or effect unless in writing and executed by the parties hereto. 13. Time is of the essence hereof, and if any payment or other condition hereof is not wade, tendered or performed by either the Sellers or the Purchaser as herein provided, then this • contract, at the option of the party who is not in default, may be terminated by such party, in which ease the non-defaulting party may recover such damages as may be proper. In the event of default by the Purchaser any payments made hereunder shall be (� retained by the Sellers as liquidated damages. In the event of L • default by the Sellers nothing herein shall be construed to prevent the Purchaser from requiring p apeclfic performance of this contract. h• 14. If any judicial proceeding may hereafter be brought to enforce any of the provisions hereof, including an action for specific performance and/or damages, the prevailing party shall be entitled to recover the costs of such proceeding, including reasonable attorney's fees and expert witness fees. •t } 3 I i