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2011-139
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2011-139
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Last modified
4/2/2019 1:44:43 PM
Creation date
10/1/2015 4:55:53 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
06/21/2011
Control Number
2011-139
Agenda Item Number
12.J.1
Entity Name
Yong's Market Kim Heon & Ae Ja
Subject
Utility Easement
Area
2106 U.S. Highway 1
Supplemental fields
SmeadsoftID
11666
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r <br />encumbrances. <br />5.2 From and after the Effective Date of this Agreement, Seller shall take no action <br />which would impair or otherwise affect title to any portion of the Utility Easement ,and shall <br />record no documents in the Public Records which would affect title to the Utility Easement, <br />without the prior written consent of the County. <br />5.3 There are no existing or pending special assessments affecting the utility easement, <br />which are or may be assessed by any governmental authority, water or sewer authority, <br />school district, drainage district or any other special taxing district. <br />6. Representations of the Countv. County and Seller acknowledge that during the <br />course of .construction of their building and excavating this easement that there may be <br />additional utilities or users of this easement. Seller acknowledges that County is paying full <br />value for an exclusive easement and as a result, shall receive an exclusive easement from <br />Sellers. As it has paid full market price for this easement, and not a proportional share, <br />County retains the sole right to contact any and all additional users of this easement in <br />order to collect a fee. for use of the County's exclusive easement in order to defray the <br />costs of this easement to the County. Seller may not, gArant any other entities easement <br />rights in the utility easement that is the subject of this Agreement. <br />7. Default. <br />7.1 In the event the County shall fail to perform any of its obligations hereunder, the <br />Seller shall, at its sole option, be entitled to: (i) terminate this Agreement by written notice <br />delivered to the County at or prior to the Closing Date and thereupon neither the Seller nor <br />any other person or party shall have any claim for specific performance, damages, or <br />otherwise against the County; or (ii) waive the County's default and proceed to Closing... <br />7.2 In the event the Seller shall fail to perform any of its obligations hereunder, the <br />County shall, at its sole option, be entitled to: (i) terminate this Agreement by written notice <br />delivered to the Seller at or prior to the Closing Date and thereupon neither the County nor <br />any other person or party shall have any claim for specific performance, damages or <br />otherwise against the Seller; or (ii) obtain specific performance of the terms and conditions <br />hereof; or (iii) waive the Seller's default and proceed to Closing: <br />8. Closing. <br />8.1 The closing of the transaction contemplated herein ("Closing" and "Closing Date") <br />shall take place within 45 days of the Effective Date of this agreement. The parties agree <br />that the Closing shall be as follows: <br />(a) If Seller is obligated to discharge any encumbrances at or prior to Closing and fails <br />to do so, County may use a portion. of Purchase Price funds to satisfy the encumbrances. <br />(b) -The Seller shall execute and deliver to the County a perpetual, exclusive Utility <br />
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