01-12-2005 Council Agenda - Laserfiche WebLink

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r.1.S.BA. Real Pmparly Farm No, 11 (3/96) LEAD PAINT ADDENDUM FOR HOUSING CONSTRUCTED BEFORE 1978 (Use only with Minnesota Standard Residential Purchase Agreement, ©1906, Minnesota Slate Bar Association) This addendum is a continuation of the Purchase Agreement dated January 6, 2005 by and between the City at t idle Canada, a Minnesota municipal corporation as Sellers, and dames Brian Morris, an unmarried person as Buyers, for property located at or described as 594 E. County Road 02 LEAD WARNING STATEMENT Every purchaser of any interest in residential real property on which a residential dwelling was built prior to 1978 is notified that such property may present exposure to lead from lead -based paint that may place young children al risk of developing lead poisoning. Lead poisoning in young children may produce permanent neurological damage, including learning disabilities, reduced intelligence quotient, behavioral problems, and impaired memory. Lead poisoning also poses a particular risk to pregnant women. The seller of any interest in residential real property is required to provide the buyer with any information on lead -based paint 1 hazards from risk assessments or inspections in the seller's possession and notify the buyer of any known lead -based pain/ 15 hazards. A risk assessment or inspection for possible lead -based paint hazards is recommended prior to purchase. 16 11 LEAD PAINT INSPECTION CONTINGENCY is 19 Buyer shall have 10 days from the signing of this Agreement to conduct a risk assessment or inspection for the presence of lead - 20 based paint and lead -based paint hazards and to give seller the inspection or risk assessment report and a list of repairs required 29 by buyer to correct problems set out in the report. (Intact lead -based paint that is in good condition is not necessarily a hazard. 22 See EPA pamphlet Protect Your Family From Lead in Your Home for more information.) 23 24 If the report discloses problems seller shall have seven (7) days after receipt of the report and list to elect in writing whelher to 25 correct the problems prior to closing. 26 21 If seller elects to make the corrections, seller shall provide buyer prior to closing with certification from a risk assessor or 28 inspection demonstrating that the problems have been corrected. 29 30 If seller does not elect to make the corrections, buyer shall have three (3) days to elect to take the properly in its "as is' condition 31 as to problems set out in the report, or this purchase agreement is void. 32 33 Buyer may waive in writing the rights contained in this contingency at any time. 34 35 Seller's Disclosure 36 (a) Presence of lead -based paint or lead -based paint hazards (check (i) or (ii) below): 37 38 (i) [I lead -based paint or lead -based paint hazards are present in the housing (explain:) 39 40 41 42 (ii) LX.] Seller has no knowledge of lead -based paint or lead -based paint hazards in the housing. 43 44 (b) Records and reports available to seller (check (i) or (ii) below): 45 (i) L,I Seller has provided buyer with all records and reports in seller's possession or reasonably obtainable 46 by seller pertaining to lead -based pain) and lead -based paint hazards in the housing (list documents 47 below). 48 49 50 (ii) Lx.I Seller has no reports or records pertaining to lead -based paint or lead -based paint hazards in the 51 housing. 52 53 Buyer's Acknowledgment (initial) 54 55 (c) -..,,/ i 14. Buyer has received copies of all information listed at (b)(i) above. 56 57 (d) '..J )dti. _ Buyer has received the pamphlet, Protect Your Family from Lead in Your Home EPA publication 56 EPA747 -K -94 -001, dated May, 1995. 59 (e) Buyer has (check (i) or (6) below): GO 61 (i) _ _ received a 10 -day opportunity (or mutually agreed upon period) to conduct a risk 62 assessment or inspection for the presence of lead -based paint and lead -based paint 63 r hazards; or, 64 (10 waives the opportunity to conduct a risk assessment or inspection for the presence of lead - 65 based paint and lead -based paint hazards. 66 Agent's Acknowledgment (initial) 67 68 (I) Agent has informed seller of seller's obligations under 42 U.S.C. 4852d and is aware of agents responsibility 69 to ensure compliance. 10 11 Certification of Accuracy 12 The. following parties have reviewed the information above and certify, to Ihe,,best of their knowledge, that the information they 13 have provided is true and accurate. 1I —;Gri i� /l; Seller date Purchas$ dale Seller date Purchaser dale Listing broker / agent dale - 4 - mg broker / agent date