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Case 10- 60244 -aer11 Doc 288 Filed 10/15/10 <br /> Intent"). The Court having reviewed the Motion and finding that good cause exists therefor, and <br /> the Court otherwise being fully advised; now therefore, <br /> IT IS HEREBY FOUND AND DETERMINED THAT: <br /> A. Proper, timely, adequate, and sufficient notice of the Motion and the hearing on <br /> the Motion have been provided in accordance with the Bankruptcy Code and the Bankruptcy <br /> Rules, and no other or further notice is required. The Motion has been duly and properly served <br /> on all required persons and entities, including all persons and entities claiming an interest in the <br /> Property; and <br /> B. The proposed sale of the Property on the terms set forth in the Motion is in the <br /> best interests of the estate and has been negotiated in good faith and at arms- length. Based on <br /> the foregoing, <br /> IT IS HEREBY ORDERED THAT: <br /> 1. The Motion is GRANTED; <br /> 2. The Debtor is authorized to sell the Property to the City of Eugene (hereinafter, <br /> "Buyer") on the terms set forth in the Letter of Intent, or on the terms set forth in a formal <br /> purchase and sale agreement to be executed by the Debtor and Buyer, provided that the terms of <br /> any such purchase and sale agreement shall be substantially the same as the Letter of Intent and <br /> shall not be materially less favorable to the Debtor than those set forth in the Letter of Intent; <br /> 3. Pursuant to Sections 363(b) and (f) of the Bankruptcy Code, upon closing of the <br /> sale, Buyer shall acquire all of the Debtor's and the bankruptcy estate's right, title and interest in <br /> and to the Property, free and clear of all mortgages, security interests, conditional sale or other <br /> title retention agreements, pledges, liens, judgments and encumbrances of any kind or nature <br /> (collectively, all "Interests "), whether arising before or after the commencement of the above - <br /> captioned chapter 11 case, with all such Interests released, terminated and discharged as to the <br /> Property. This release, tennination and discharge of Interests specifically includes any claim or <br /> interest held against the Property by Lane County Assessment & Taxation ( "Lane County ") and <br /> Page 2 - ORDER GRANTING AUTHORITY TO SELL PROPERTY OF THE ESTATE <br /> AND APPROVING SALE FREE AND CLEAR OF LIENS (COLLEGE PARK <br /> PROPERTY) ::0DMA\PCDOCSIPORTLAND\730622\2 <br />