2008-152 A - Laserfiche WebLink

Home Browse Search

$550,000.00 or 10% of the final adjusted Total Purchase Price for the Property as determined i n accordance with paragraph 3 ,B. ("Local Government's Purchase Price "), will be paid to Seller byLoeal Government heck at closing, The Total Purchase Price is subject to adjustment in accordance with paragraph 3 .B, determination of the final Total Purchase Price can only be made after the completion and approval oThe f he survey required in paragraph 5, This Agreement is contingent upon approval of Total Purchase Price, Acquiring Agency's Purchase price, and Local Government's Purchase Price by Purchaser and upon confirmation that the Total Purchase price is not in excess of the final maximum approved purchase price of the Property as determined in' accordance with Rule 9K-8 .007 Florida Administrative Code ("Maximum Approved Purchase Price"), ' This Agreement is also contingent upon Local Government's Hands for closing being available at closing upon Local Government giving written notice to Acquiring Agency, prior to the exercise of the option, that these funds are available to close in accordance with this Agreement. If such notifition is not accomplishedAcquiring Agency inay in its sole discretion declare this Agreement void and of ab further force and effect as, of that date, Local Government's funds are the sole'responsibility of Local Government, Seller shall have no recourse whatsoever, at law or equity, againsl 'Acquiring Agency or the Property as a result of any matter arising at any time whether before or after fee simple title is conveyed to Local Gove rnment relating to Local Government's funds, Acquiring Agency shall have no obligation under this Agreement to provide anyportion of Local Government's funds. Acquiring A$ency's funds necessary to close are the sole responsibility of Acquiring Agency. Seller shall have no recourse whatsoever, at law or equity, against Local Government or the Property as a result of any matter arising at any time, whether before or after fee simple title is conveyed to Local Government, relating to Acquiring Agency's funds, Local Government shall have no obligation under this Agreement to provide 9ny portion of Acquiring Agency's funds, Should Local Government's funds or Acquiring Agency's Hands not be available for any reason, Purchaser or Seller may elect to terminate this Agreement by written notice to the parties without liability to any party, Acquiring Agency and Local Government agree that the Local Government shall take fee simple title to all of the Property at the closing notwithstanding that Acquiring Agency and Local Government are required to pay all of the Total Purchase Price in the manner set forth in this Agreement. Conveyance of the Property in fee simple from Seller to Local Government will talo place at the closing, in exchange for the payments to be made by Acquiring Agency and Local Government to Seller at closing as set forth above in this paragraph 3 .A. 3 .13, ADJUSTMENT OF TOTA r Pr CV TA 4" pR rrE, prior to closing, Acquiring Agency determines A, exceeds the final Maximum Approved that the Total Purchase Price stated in paragraph 3 , the Property, the Total Purchase Price will be reduced to the final Maximum Approved Purchase Price of the Property, Upon determination of the final adjusted Total Purchase Price, Acquiring Agency's Purchase Price and Local Government's Purchase Price will be determined and adjusted in accordance with paragraph 3 .A. If the final adjusted Total Purchase Price is less than 95% of the Total Purchase Price stated in paragraph 3 .A. because of a reduction in the Maximum Approved Purchase Price of the Pro discretion, have the right to terminate this Agreement and neither p '� Seller shall, in his sole this Agreement, If Seller elects to terminate this Agreement, party shall have any further obligations under uiring Agency and Local Government of his election to terminate this Agreementwit provideler shall 0 days after Seller swritten notice to receipt of written notice from Acquiring Agency of the final adjusted Total Purchase Price, In the event Seller fails to give Acquiring Agency and Local Government a written notice of termination within the aforesaid time period from receipt of Acquiring Agency's written notice, then Seller shall be deemed to have waived any right to terminate this Agreement based upon a reduction in the Total Purchase Price stated in paragraph 3 .A. January 16 , 2008 page 2 07-030 -FF7 A L� l