08-22-2001 Council Agenda - Laserfiche WebLink

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changed since the last previously filed well disclosure certificate:" followed by Seller's signature; (v) pay or provide evidence of payment of real estate taxes, if any, pursuant to the provisions of Section 12; (vi) Deliver to the Buyer any abstracts of title the City has in its possession with respect to the Property; provided, however, if the City has in its possession abstracts of title which cover all of a portion of the Property and other property not subject to this Purchase Agreement, the City will make the abstract of title available to the Buyer for purposes of the production, at the Buyer's sole cost and expense, of a new abstract of title, but the City is not obligated to transfer title to the abstract to the Buyer. The City has no obligation to update the abstracts of title before delivering them to the Buyer; (vii) Execute the Assessment Agreement; and (viii) Execute a Memorandum of the Development Agreement to provide record evidence of Seller's and Buyer's right and obligations under the Development Agreement including, but not limited to, the obligation of Buyer and any party claiming through or under Buyer to execute or otherwise consent to the recording of the Assessment Agreement. (ix) Pay the state deed tax due and payable in order to record the Decd. b. Buyer shall: fii)(i) Tender the Purchase Price to Seller pursuant to the provisions of Section 5 above; (ii) Pay or provide evidence of payment of the following: the State Decd tax are up n th r c rding of the Deed; Buyer's pro -rata share of real estate taxes, if any, pursuant to Section 12; all costs associated with Buyer's financing, if any, including mortgagee's title insurance policy costs and premiums, if any; all costs associated with Buyer's title examination and Buyer's owner's policy of title insurance, if any; the recording fee due upon the recording the deed from Seller to Buyer; and any fee Buyer's title insurer charges to conduct and insure the closing of this transaction; (iii) Execute and deliver to Seller the Assessment Agreement; and (iv) Execute a Memorandum of the Development Agreement described in Section 9(a)(viii). 10. Evidence of Title and Examination of Title. Within five business days after the Seller's execution of this Agreement, Seller will make available to Developer any abstracts of title, title insurance commitments, survey's, title insurance policies, deeds, final certificates in condemnation or other evidence as to the status of Seller's title to the Property that is in Sellers 1316963v1 Page 88