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(c) If City does not exercise its option, Rotary shall be flee to market and <br />sell the seven residential units, subject to the terms and conditions of the Restrictive <br />Covenant encumbering the property, that allow Rotary to include in the selling price as set <br />forth in paragraph 5 above, the reasonable costs incurred by Rotary in the marketing and sale <br />of the Property, including but not necessarily limited to, advertising and marketing costs, <br />sales commission, financing costs, escrow costs, closing costs, and title insurance fees. <br /> <br /> 14. Notices. All notices provided by this Option to Purchase shall be deemed to <br />have been duly given if and when deposited in the United States mall by certified mail, <br />return receipt requested, with proper and sufficient postage affixed, properly addressed to <br />party for whom intended at the party's below listed address, or when delivered personally to <br />that party. <br /> <br /> All notices required herein shall be sent, as follows: <br /> <br /> CITY OF PLEASANTON <br /> <br /> City Manager <br /> City of Pleasanton <br /> 123 Main Street <br /> Pleasanton, California 94566-0802 <br /> <br /> ROTARY CLUB OF PLEASANTON NORTH <br /> P.O. Box 1142 <br /> Pleasanton, CA 94566 <br /> <br /> 15. Bindin_~ Effect. This Option to Purchase shall be binding upon and shall <br />inure to the benefit of the parties to it, and to their respective successors or assigns. <br /> <br /> 16. Entire Agreement. This instrument constitutes the entire agreement between <br />the parties. No modification of this Agreement shall be valid or binding unless such <br />modification is in writing, duly dated and signed by both parties. <br /> <br /> - 4 - <br /> <br /> <br />