09-10-2014 Council Agenda - Laserfiche WebLink

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Agreement. (e) Seller's Defaults. Seller is not in default concerning any of its obligations or liabilities regarding the Property. (f) FIRPTA. Seller is not a "foreign person", foreign partnership", "foreign trust" or. "foreign estate" as those terms are defined in Section 1445 of the Internal Revenue Code. (g) Proceedings. There is no action, litigation, investigation, condemnation or proceeding of any kind pending or threatened against Seller or any portion of the Property. (h) Agents and Employees. No management agents or other personnel employed in connection with the operation of the Property have the right to continue such employment after the Closing Date. There are no claims for brokerage commission or other payments with respect to the existing Property, including leases which will survive and remain unpaid after the Date of Closing. (i) Wells. The Seller certifies and warrants that the Seller does not know of any "Wells" on the described Property within the meaning of Minnesota Statutes. (j) Storage Tanks. No above ground or underground tanks, are located in or about the Property, or have been located under, in or about the Property and have subsequently been removed or filled. To the extent storage tanks have been duly registered with all appropriate regulatory and governmental bodies and otherwise are in compliance with applicable Federal, state and locate statutes, regulations, ordinances and other regulatory requirements. (k) All sewage generated by the property goes to a permitted Sewage Treatment Facility. (1) Seller hereby represents that to the best of Seller's knowledge the production of methamphetamine has not occurred on the Property. (m) Buyer hereby acknowledges receipt of lead paint disclosure information. (n) Buyer hereby waives all disclosures required by Minn. 11