Conveyances to Developer. Contemporaneously with the approval of any final plat contemplated by Section 3.D.1 of this Agreement, the Village shall likewise take such actions as may be necessary to prepare, approve and execute a special warranty deed conveying the relevant portion of the Village Property to the Developer, all at no cost or charge to the Developer. Such a deed shall be subject to any public easements or rights of way provided for or reserved on any such final plat. Developer acknowledges that in accepting conveyances of portions of the Village Property hereunder, it is relying solely on its own due diligence activities conducted under Section 3.A. of this Agreement and not on any warranties (other than those contained within the deed) or representations of the Village concerning the Village Property or its suitability for Developer’s potential development purposes. Village shall cooperate reasonably with Developer in connection with Developer’s efforts to obtain title insurance coverage for its acquisition of portions of the Village Property under this Agreement, but shall have no obligation to obtain such coverage for Developer or to pay the cost thereof.
Appears in 2 contracts
Sources: Development Agreement, Development Agreement