Resolution 1999-30 - Laserfiche WebLink

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(3) County's closing costs and any other documents required by this Agreement to be delivered by County to the title company or reasonably required by City or the title company in connection herewith. 8. Time of the Essence. It is agreed that time is of the essence hereof. In the event of default, both parties shall have the right to treat this Agreement as terminated, in which case all payments and things of value received hereunder shall be returned to County and both parties shall be released herefrom; or the parties may elect to treat this Agreement as being in full force and effect. 9. Representations. The City represents that to the best of the City's knowledge and as of the date of the signing of this Agreement: (A) City has received no actual notice of, and has no other knowledge of, any litigation, claim or proceeding, pending or currently threatened, which in any manner affects the Property; (B) City has received no actual notice, and has no other knowledge of, any current, existing violations of any federal, state or local law, code, ordinance, rule, regulation, or requirement affecting the Property; (C) City has the full right, power and authority to transfer and convey the interests in the Property as provided in this Agreement and to carry out the City's obligations under this Agreement; (D) Each and every document, schedule, item and other information delivered or to be delivered by the City to County hereunder, or made available to the County for inspection hereunder, shall be true, accurate and correct; (E) City has not entered into any agreements with any private persons or entity or with any governmental or quasi- governmental entity with respect to the Property (except as disclosed in the title commitment) that may result in liability or expenses to County upon the County's acquisition of any interest in the Property; 6