2022-062 Ordinance - Laserfiche WebLink

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Additional Property without first offering it for sale to the Purchaser pursuant to Section 3313.41(C) of the Revised Code, at a purchase price to he determined as described below. The purchase price for any Additional Property shall be the appraised value of that Additional Property as determined by an appraiser reasonably acceptable to both the Seller and the Purchaser and as set forth in an appraisal made in conformity with generally accepted professional standards, assuming the Additional Property to be vacant (whether or not such property is in fact vacant at the time) and to be redeveloped for residential development (without regarding to zoning). If such Additional Property is not vacant at the time, either (i) the Seller shall assume responsibility for and cause such Additional Property to he vacant prior to its conveyance to the Purchaser or (ii) the estimated cost of razing any structures on the Additional Property to restore it to a vacant state, as deterrnined by a construction professional reasonably acceptable to both the Seller and the Purchaser made in conformity with generally accepted professional standards, would be deducted from the appraised value described above. 13. Notices. Notices required hereunder shall be in writing and shall be deerned to have been given from the time of receipt by the addressee if delivered in person or sent by facsimile or courier or as of the third business day after deposit in the United States mail, postage prepaid for registered or certified mail. Notices shall be directed to the Seller and the Purchaser at the following addresses: To the Seller: Noah Olmsted City School District 26669 Bunemut Ridge Road North Olmsted, Off 44070 Attention: David Brand, Superintendent With a copy to: Squire Paton Boggs I.LP 4900 Key Tower, 127 Public Square Cleveland, Off 44114 Attention'. Michael L. Sharb, hsq. I. the Purchaser City of Nonh Olmsted, Ohio 5200 Dover Center Road North Olmsted, 013 44070 Attention: Nicole Dailey Jones, Mayor With a copy to City of North Olmsted, Ohio 5200 Dover Center Road North Olmsted, Off 44070 Attention'. Michael R. Graved, Jr., Director of Law 14. Entire Agreement. All understandings and agreements made heretofore between the Seller and the Purchaser are merged into this Agreement, including any Exhibits hereto, which fully and completely expresses the agreement between the parties and the same is entered into after full investigation, neither party relying upon any statement, representation, agreement or understanding, oral or written, not set forth in this Agreement or an addendum hereto signed by the parties.