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2005 S ERCD - Duke University Approval of Contract to Purchase Real Property
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2005 S ERCD - Duke University Approval of Contract to Purchase Real Property
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Last modified
6/8/2011 10:31:41 AM
Creation date
10/26/2010 11:02:43 AM
Metadata
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Template:
BOCC
Date
6/7/2005
Meeting Type
Regular Meeting
Document Type
Contract
Agenda Item
9a
Document Relationships
Agenda - 06-07-2005-9a
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\Board of County Commissioners\BOCC Agendas\2000's\2005\Agenda - 06-07-2005
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(c) tions. Seller has not granted any options nor is Seller committed nor obligated <br />in any manner whatsoever to sell the Property or any portion thereof to any party other than <br />Buyer. <br />(d) Construction Liens. To the extent any improvements have been made or will be <br />made to the Property prior to the Closing Date that might form the basis of mechanics' or <br />materialmen's liens, Seller agrees to keep the Property free from such liens that might result and <br />to indemnify, defend, and hold Buyer harmless from any and all such liens and all attorneys' fees <br />and other costs incurred by reason thereof. <br />(e) Environmental. <br />(1) Seller has no knowledge of any underground storage tanks being located <br />on the Property. Buyer agrees to perform a Phase I Environmental Assessment of the Property <br />(hereafter "the Phase I"), at Buyer's expense. <br />(2) Seller warrants and repr-esents to Buyer as follows: <br />(i) Seller has no knowledge of, and no reason to believe (A) that-any <br />industrial use has been made of the Property, (B) that, except for chemicals used in the farming <br />of the Property, the Property has been used for the storage, treatment or disposal of chemicals or <br />any wastes or materials that are classified by federal, State or local laws as hazardous or toxic <br />substances, or (C) that any manufacturing, landfilling or chemical production has occurred on the <br />Property. <br />(ii) To the best of Seller's knowledge, the Property is in compliance <br />with all federal, State and local environmental laws and regulations, including, but not limited to, <br />the Comprehensive Environmental Response,.Compensation and Liability Act of 1980 <br />("CERCLA"), Public Law No. 96-510, 94 Stat. 2767, 42 USC 9601 et seq., and the Superfund <br />3 <br />
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