09-22-1999 Council Agenda - Laserfiche WebLink

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c. City Approvals. The Purchase Agreement and the obligations of the Purchaser hereunder shall be contingent upon Purchaser's ability to obtain the required governmental approvals for the subject property. In the event that such governmental approvals are not obtained within sixty (60) days of the date of full execution of this Agreement, Purchaser shall have the right to terminate this Purchase Agreement by providing written notice to Seller within sixty (60) days of the date of full execution of this Purchase Agreement. In the event that this Purchase Agreement is terminated pursuant to any of the foregoing contingencies and conditions precedent, all earnest money, together with accrued interest if any, shall be promptly refunded to the Purchaser and Purchaser shall execute a termination statement or quit claims deed upon the request of Seller or Seller's agent. 16. Notice. Any notice required or permitted by this Purchase Agreement or the purchase money mortgage shall be considered to have been given and received if personally delivered to the parties or their agents personally or deposited in the United States mail postage prepaid by certified or registered mail addressed to the parties at the following addresses: Seller: Purchaser: Richard J. Schreier 2125 DeSoto Street Saint Paul, MN 55117 City of Little Canada Attn: City Administrator 515 Little Canada Road East Little Canada, MN 55117 17. Destruction. In the event the property is destroyed or substantially damaged, Seller shall assign to Purchaser Seller's right, title and interest in and to all insurance proceeds or award resulting from such destruction or taking. 18. Possession. Possession of the Property shall be granted by Seller to Purchaser at the date of closing. 19. Closing. The closing shall take place at the offices of C.I. Title, Inc. on or before December 15, 1999, unless otherwise agreed by Purchaser and Seller. At closing, Seller shall deliver to Purchaser, at Seller's expense, the documents specified in paragraph 6 of this Agreement. 20. Indemnification. Seller agrees to indemnify and hold Purchaser, its successors and assigns, harmless of and from any and all liabilities, claims, causes of action, penalties, demands and expenses of any kind or nature whatsoever (except those items which by this Agreement specifically become the obligation of Purchaser) arising out of, resulting from, relating to, or incident to the property up to and including the date of closing or which are in any way related to Page 110