2022-09-14 City Council Packet - Laserfiche WebLink

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Centerville Schifsky PA version 09092022-2 for Council Packet Real Property in connection with management, maintenance and operation of the subject property. E. Scope Of Agreement. Buyer understands and agrees that Seller is both the landowner of the Real Property and a regulatory entity governing development of the Real Property. Unless identified herein, the terms of this Agreement bind the Seller as the landowner of the Real Property but do not bind the City in its role as a regulatory entity governing development of the Real Property. F. Law and Regulation. Development of the Real Property is subject to law and regulation. Nothing in this Agreement is intended to subvert or change the terms of existing law and regulation. Other Agreements. Development of the Real Property will be subject to a Subdivision and Development Agreement, and an agreement governing the terms of Tax Increment Financing between the Seller and Buyer. Those agreements shall be negotiated independent of the instant Purchase Agreement. The terms of this Purchase Agreement shall not be binding on the terms of those agreements unless specifically stated herein. G. Easements. Buyer will grant Seller perpetual rights and easements allowing Seller to access and maintain public utilities, sidewalks, trails, and other public facilities on the Real Property. H. Character And Construction. Buyer will create a townhome project of similar character and construction to that approved for Centra Homes as a result of the 2021 Request For Proposal process for this Real Property. Buyer affirms that its development shall have full license and title to all creative works, intellectual property, and copywrite. I. Construction Approval. Buyer will secure approval from Seller of the design and construction quality of the development of the Real Estate and the construction of structures thereon; and of parties to complete all phases of the development of the Real Estate and the construction of structures thereon. G.J. Indemnification. Buyer representations and warranties survive Closing. Buyer will defend, indemnify, and hold Seller harmless from any claims arising warranties. 6. TITLE. A. Title Insurance Commitment. The Seller will within twenty (20) days after the date of this Agreement deliver to Buyer, a commitment from Land Title, Inc. (hereinafter, either or the for an Owner's Policy of Title title to the Real Property, deleting standard exceptions. The Title Commitment will commit Title to insure title to the Real Property subject only to permitted encumbrances which are consented The Title Commitment and any survey that Buyer elects to obtain (to be delivered to Buyer pursuant to Section 4.A.) will hereinafter be referred to as B. Buyer's Objections. Within twenty (20) days after receiving the last of 9