Conveyance of Property. a. City hereby agrees to convey the Property to TCAH by means of a Special Warranty Deed in the form attached hereto as Exhibit B (the “Deed”). Upon receipt of Tempe City Council approval of the conveyance, City shall cause the Restrictive Covenant (as hereafter defined) and Deed to be recorded. b. TCAH shall pay all costs, expenses and fees associated with the recording, including without limitation all recording fees. All real property taxes and assessments, if any, shall be prorated between City and TCAH as of the date the Deed is recorded, based upon the latest available information. All utilities and other operating expenses for the Property shall be prorated between City and TCAH as of the date the Deed is recorded, or as otherwise agreed between City and TCAH. c. The Property is being conveyed in its “AS IS” condition and without any representation or warranty except as otherwise expressly set forth in this Agreement.
Appears in 4 contracts
Samples: Agreement to Convey Property, Agreement to Convey Property, Agreement to Convey Property
