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09-08-1999 Council Agenda
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09-08-1999 Council Agenda
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g. <br />terminating any existing management and service contracts effective as of the <br />date of closing. <br />Certification by the Seller as to the location of any above - ground or <br />underground tanks located in or about the property and evidence of the fact <br />that said tanks have been removed or have been filled in accordance with the <br />specifications of the MPCA or such other governing regulatory body. <br />h. All unrecorded instruments, contracts or conveyances required to perfect or <br />evidence the marketability of Seller's title to the property in recordable form. <br />8. Purchaser's Performance. Subject to performance by Seller, Purchaser shall <br />deliver to Seller the following at closing: <br />a. Subject to closing prorations, all sums payable by Purchaser at closing under <br />Paragraph 3 of this Purchase Agreement in cash or by check. <br />b. Such other and further documents, instruments and certificates, not <br />inconsistent with the provisions of this Agreement, executed by Purchaser that <br />Seller shall reasonably require to carry out and effectuate the purposes and <br />terms of this Agreement. <br />9. Closing Costs. Purchaser shall pay costs associated with closing except for the <br />following: Title insurance should Seller not deliver an owner's duplicate or current abstract, State <br />deed tax, conservation fee, well certificate recording, and any fees associated with recording <br />satisfactions or releases relating to transactions occurri9ng prior to the date of this Purchase <br />Agreement, and special assessment searches. <br />10. Special Assessments. All special assessments levied as of the date of closing <br />shall be paid by Seller. Purchaser will assume all pending assessments. On parcel PIN #07 -29- <br />22;22=006T ( 2580' Rice: Street) Purchaser shalLbe responsible for the. unpaid pending assessment <br />of ?$29,71142Aand the unpaid;eunent.assessment:of $^ (as of September 3, 1999) and any <br />increases; in; the ittipaidassessment>up and.until the date of closing. <br />11. Real Estate Tax Proration. Seller shall pay all delinquent real estate taxes <br />including penalties and interest. Real estate taxes payable in 1999 shall be paid prorated as of the <br />date of closing on a daily basis based upon the calendar year. Real estate taxes payable in 2000 <br />shall be the obligation of the Purchaser. <br />12. Hazardous Substances. <br />a. Seller's Representations, Warranties and Covenants. Seller represents, <br />warrants and covenants the following: <br />Page 60 <br />
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