Common use of BACKGROUND AND RECITALS Clause in Contracts

BACKGROUND AND RECITALS. The Town seeks to acquire real property as the prospective site (“EOC site”) for an Emergency Operations and Public Safety facility (“EOC Facility”), to serve citizens of the Town and surrounding areas. The Optionor is the owner of real property (the “Property”) which may prove suitable as an EOC site. The Optionor is willing to grant the Town an option to purchase the property, according to terms set forth herein.