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20B - AA PURCHASE SALE OF BRISTOL ST IMP PROJECT
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11/21/2017
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20B - AA PURCHASE SALE OF BRISTOL ST IMP PROJECT
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Last modified
11/16/2017 6:21:27 PM
Creation date
11/20/2017 7:23:38 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
20B
Date
11/21/2017
Destruction Year
2022
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6. * RIGHT OF POSSESSION <br />Seller hereby grants Buyer and its representatives, agents, consultants and <br />contractors, physical and legal possession of the Property effective as of the Close of <br />Escrow, free and clear of all tenancies and parties in possession, subject only to matters <br />approved in writing by Buyer pursuant to Section 2.3 hereof. <br />7. AS IS CONDITION <br />Buyer shall rely solely and exclusively upon the results of its Due Diligence <br />Investigations of the Property with regard to any physical: condition or state of the Property. <br />Except as otherwise expressly provided in this Agreement, or in the documents to be <br />delivered by Seller to Buyer at Close of Escrow, by completing the purchase of the Property <br />following its Due Diligence Investigations, Buyer evidences its unconditiona[ acceptance of <br />the condition of the Property. Except as otherwise expressly providedin this Agreement, or <br />in the documents to be delivered by ' Seller to Buyer at Close of Escrow, Buyer <br />acknowledges and agrees that Buyer is purchasing the Property on an "AS -IS," "WHERE - <br />IS" basis. Buyer is not offering to purchase the property based on any representation by <br />Seller or Seller's agent except those expressly set forth in this Agreement. Buyer hereby <br />acknowledges that the purchase of the Property is without warranties of any kind' from <br />Seller, expressed' or implied, except as expressly set forth in this Agreement or in the <br />documents to be delivered by Sellerto Buyer at Close of Escrow, as to the condition of the <br />Property or its improvements, if any, including, without implied limitation, soils, access to <br />the Property or to utilities, appliances, structure utility systems, roof, foundation, <br />landscaping or any other component of the Property. Except as otherwise expressly <br />provided in this Agreement, or in the documents to be delivered by Sellerto Buyer at Close <br />of Escrow, Seller does not warrant that the Property conforms with any ordinances, <br />including, without implied limitation, zoning or building ordinances. <br />8. MISCELLANEOUS <br />8.1 Notice <br />Any notice to be given or other document or documents to be delivered: to <br />either party by the other hereunder may be delivered (a) in person, (b) by overnight courier, <br />(c) by facsimile (provided that such facsimile shall be followed within one (1') business day <br />by delivery of such notice pursuant to clause (a), (b) or (d)), or (d) by United States Mail in <br />the State of California, duly registered or certified, with postage prepaid, and addressed as <br />follows: <br />Seller: City of Santa Ana <br />20 Civic Center Plaza <br />P.O. Box 1988 <br />Santa Ana, CA 92702 <br />Attn: Executive Director, PWA <br />Facsimile: (714) <br />10 <br />20B-16 <br />
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