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2000-02-23 Packet
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2000-02-23 Packet
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12/23/2009 8:53:13 AM
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CJ•L')r F-a <br /> February 18, 2000 <br /> Page 3 <br /> On page 12, paragraph 14 entitled "Assignment" can be removed. <br /> The last item for dis..ussion is paragraph 22 entitled "Remedies." The preliminary draft of the <br /> Purchase Agreement was done with some optional language contained in this paragraph. I will <br /> make the appropriate modification to the draft copy, but be advised that it will read such that if <br /> the seller defaults under this Purchase Agreement, the City has the option of either recovering <br /> damages from the Seller or suing for specific performance of the Agreement. Specific <br /> performance simply means that we ask the District Court to order the property owner to follow <br /> through with the sale of the a per our Purchase Agreement contract. The remaining <br /> Prue rtY P Br auung <br /> language in that paragraph will be deleted. <br /> khiie 1 am out of the office, Sarah will be available to redraft the Purchase Agreement according <br /> to the above comments. Of course, the above modifications will require some technical <br /> modification in paragraph numbers and assignment, but Sarah will take care of that If there are <br /> any further substantive changes being requested by either the City or Mr. Hubers, I can review <br /> those changes when I am back in the office. If for some reason there is an unexpected <br /> acceleration of this process, please let Sarah know and she will be able to contact me if <br /> necessary. <br /> 77364 <br />
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