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2012-148A
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2012-148A
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Last modified
1/4/2016 11:40:14 AM
Creation date
10/1/2015 4:53:25 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Lease
Approved Date
08/21/2012
Control Number
2012-148A
Agenda Item Number
12.J.
Entity Name
Beale Holdings
Subject
Lease Agrement
Utilities Acres Adjacent to South Water Plant Contract
Area
1225 5th Street SW
Supplemental fields
SmeadsoftID
11654
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Addendum to Purchase. Contract <br /> (1 ) Feasibility, Study* Buyer will, at Buyers empense on , or before August 21 , 2012 <br /> ff easibillty Study Period' , determine whether the Property is suitable and acceptable, <br /> In Buyer's4 sots and absolute discretion, for govetrmmental use. During the Feasibility <br /> Study Period, Buyer , may conduct a -. Phase i environmental, assessment, an appraisal <br /> and any other tests; analyses, surveys and Investigations (Olnspectfonal that Buyer <br /> deems . necessary to determine .to Buyer's satisfaction the Propertys. engineering , <br /> architectural and environmental properties; zoning and zoning restrictions'; subdivision <br /> statutes; soil and . grade; . availability . of access to public roads, water, and other utilities; <br /> consistency . with .loo 1, :state.. �and regional, - grcWfif ,management plah�s; availability of <br /> permits, govemmeht approvals, and licenses; , and . other inspections that Buyer deems <br /> appropriate to determine the Property's suitability and acceptability , for the Buyer's <br /> intended use. <br /> Seller gives : Buyer, its agents; contractors and assigns, the rlghtto enter the Property at- <br /> any time during the Feasibility Study Period for the purpose of oonducting inspections; <br /> provided, however, that Buyer, its agents, oontracgors and assigns enter the Property <br /> and conduct inspections at their own risk. Buyer will indemnify and hold Seiler harmless <br /> from losses, damages, costs, claims and expanses of any nature, including attorneys' <br /> fees, expenses and liability .incurred :in application for rezoning or related proceedings, <br /> and from liability to any person, arising from the .conduct of any and all Inspections or <br /> any work authorized by Buyer. Buyer will not engage in any activity that could result In <br /> a construction lien being filed against. the Property without Seller's prior written consent. <br /> if this transaction does not dose, Buyer will, at Buyer expense, (1 ) repair all damages <br /> to the Property resulting from the inspections and return the Property to the condition it <br /> was in prior to conduct of the inspections, and (2) release to Seller all reports and other <br /> work generated as a result of the inspections. <br /> Buyer will deliver written notice to Seiler prior to the expiration of the Feasibility Study <br /> Period of Buyers determination of whether or not the Property Is suitable and <br /> acceptable . . . Buyers failure to comply Hrlth this notice requirement, will constitute <br /> acceptance of the Property as suitable for Buyers intended use in Its °as W condition. <br /> If the Property Is, unacceptable too Buyer and written notice of this fact Is timely delivered <br /> to Seller, this Contract will be deemed germinated as of t a day after the . Feasibility <br /> Study period ends and Buyer's deposit(sl will be returned after Escrow Agent receives <br /> . proper authorization from all Interested parties. <br /> IRC <br /> 375 <br />
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