The sale of the Property will be subject to, but not limited to, the following conditions: (1) Minimum Bid. The City reserves the right to reject any proposal to purchase the Property. There will be no minimum bid for this proposal. (2) Opportunity for Inspection. The City will allow the selected bidder a period of thirty (30) days, following the date that the bidder is selected by City staff, to enter the Property at the bidder’s own risk for the purposes of surveying, testing, inspecting, or investigating the Property to determine if the Property is suitable for the bidder’s purposes; provided, however, that the bidder shall keep the Property free and clear of any liens arising from or relating to any such activities. The bidder will be required to indemnify and hold the City free and harmless from and against any losses, damages, claims, suits or expenses resulting from any such activities and the bidder shall have any and all members of its due diligence team entering upon the Property to sign releases of liability for the City, its employees and its elected and appointed officials (collectively, the “Released Parties”) prior to entering the Property. (3) Assumption of Responsibility for Inspection. The bidder will be responsible for approving all inspections, investigations, tests, surveys and other due diligence deemed necessary by the bidder in connection with the acquisition of the Property, and the City shall assume no responsibility to the bidder for the scope and approval of any such due diligence.
