2022-09-14 City Council Packet - Laserfiche WebLink

Home Browse Search

Centerville Schifsky PA version 09092022-2 for Council Packet of such investigationandtestingandwillholdSellerandtheRealProperty harmless from all costs and liabilities relating to Buyer's activities, except arising out of any existing environmental conditions or any negligence or willful misconduct of the Seller, its agents, employees or contractors. Buyer will further repair and restore any damage to the Real Property caused by or occurring during Buyer's testing and return the Real Property to substantially the same condition as existed prior to Buyer's entry. Seller will fully cooperate with Buyer to enable Buyer Pre-closing Marketing Agreement between Seller and Buyer: Additionally, Seller will allow Buyer to install two commercial real estate signs on the subject site prior to closing this transaction for purposes of assisting Buyer in pre-selling single townhome units to potential retail end-buyers. (i)(ii) Representations and Warranties by Seller. The representations and warranties of Seller contained in this Agreement must be true now and on the Closing Date as if made on the Closing Date. (ii)(iii) Title. Buyer must be able to obtain the Title Policy (as that term is defined herein) in accordance with the requirements and terms of Section 5.C. below. (iii)(iv) Performance of Seller's Obligations. Seller has performed all of the obligations required to be performed by Seller under this Agreement, as and when required by this Agreement. (iv)(v) Approvals (and the lapsing of any rights of appeal). adoption of resolutions granting the Approvals, in form acceptable to the Buyer, in its sole discretion. (v)(vi) Construction Loan Financing. All conditions for closing on (vi)(vii) Closing Documents. to Section 6.A. in form reasonably acceptable to Buyer and the Title Company. (vii)(viii) Conditions. There exists no material change in the environmental or physical condition of the Real Property between the Condition Date and the Closing. (viii)(ix) Zoning. The Real Property is currently zoned Mixed Use District M- 1, under which classification the project described in Section 5.A hereof is a permitted use. (ix)(x) Community Development Block Grants. Seller used funds from Community Development Block Grants to improve the Real Property. These Grants created conditions that run with the land and will bind future owners. Buyer is required to obey these conditions as set forth in the Grant documents. Buyer agrees and shall conform to all requirements of the Grants as if it were the Seller, and in the event that Buyer does not honor these obligations, Buyer agrees to allow Seller to take any action it deems necessary to conform to the 6