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75A - PH - PROPERTY EXCHANGE
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75A - PH - PROPERTY EXCHANGE
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Last modified
8/10/2017 6:51:03 PM
Creation date
8/10/2017 6:48:52 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Parks, Recreation, & Community Services
Item #
75A
Date
8/15/2017
Destruction Year
2022
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9A5 No Reliance by One Party on the Other. Each Party has received independent legal <br />advice from its attorneys with respect to the advisability of executing this <br />Agreement and the meaning of the provisions hereof, The provisions of this <br />Agreement shall be construed as to their fair meaning, and not foror against any <br />Party based upon any attribution to such Party as the source of the language in <br />question. <br />9.16 No Third Party Beneficiary. This Agreement is intended to benefit only the Parties <br />hereto and no other person or entity has or shall acquire any rights hereunder. <br />9.17 Duty to Cooperate Furtt er, Each Party hereby agrees that it shall, upon request of <br />the other, execute and deliver such further documents (in form and substance <br />reasonably acceptable to the Party to be charged) and do such other acts and things <br />as are reasonably necessary and appropriate to effectuate the terms and conditions of <br />this Agreement, without cost. <br />9.18 lneorporation of Exhibits, All Exhibits referenced herein and attached hereto shall <br />be incorporated as if fully set forth in the body of this Agreement. <br />9.19 Authority to Execute Agreement. The persons executing this Agreement and the <br />instruments referenced herein on behalf of City and Naing hereby represent and <br />warrant that such persons have the right, power and authority to bind City and <br />Naing, respectively. Naing shall indemnify City fully, includingreasonable costs <br />and attorney's fees, for any injuries or damages to City in the event .that such <br />authority or power is not, in fact, held by thesignatoryor is withdrawn. <br />9.20 Counterparts. This Agreement may be signed in counterpart or duplicate copies, <br />and any signed cowiterpart or duplicate copy shall be equivalent to a signed <br />original for all purposes. <br />[SIGNATURES ON NEXT PAGE] <br />75A-15 <br />
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