10-08-2014 Council Agenda - Laserfiche WebLink

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82. Property located at 3046 Labore Road PURCHASE AGREEMENT: VACANT LAND (RESIDENTIAL) 81. Page 3 Date '-V Z73 ZO [LF Little Canada MN 55109 83. REAL ESTATE TAXES: Seller shall pay or the date of closing all real estate taxes due and payable in ail prior years 84. including all penalties and interest. 85. Buyer shall pay ® PRORATED FROM DAY OF CLOSING ❑ 12ths OF ❑ ALL ❑ NO real estate (Check one.) 86. taxes due and payable In the year 20 ) 87. Seller shall pay, IA PRORATED TO DAY OF CLOSING ❑ 12ths OF ❑ ALL ❑ NO real estate taxes (Check ono.) 88. due and payable in the year 20 Sr‘" If the closing date is changed, the real estate taxes paid shall, if prorated, 89. be adjusted to the new closing date. 90. Buyer shall pay real estate taxes due and payable in the year following closing and thereafter, the payment of which 91. is not otherwise herein provided. No representations are made concerning the amount of subsequent real estate 92. taxes. 93. DEFERRED TAXES/SPECIAL ASSESSMENTS: 94. ❑ BUYER SHALL PAY 11 SELLER SHALL PAY on date of closing any deferred real estate taxes (Check ane.) 95. (e.g. Green Acres) or special assessments, payment of which is required as a result of the closing of this sale. 96. ❑ BUYER AND SELLER SHALL PRORATE AS OF THE DATE OF CLOSING 0 SELLER SHALL PAY ON (Chock ono.) 97. DATE OF CLOSING all installments of special assessments certified for payment, with the real estate taxes due and 98. payable in the year or closing. 99. ❑ BUYER SHALL ASSUME J'SELLER SHALL PAY on date of closing all other special assessments levied as (Check one. 100. of the date of this Purchase Agreement. 101. ❑ BUYER SHALL ASSUME SELLER SHALL PROVIDE FOR PAYMENT OF special assessments pending as (Check one.) 102. of the date of this Purchase Agreement for improvements that have been ordered by any assessing authorities. 103. (Seller's provision for payment shall be by payment into escrow of two (2) times the estimated amount of the 104. assessments or less, as required by Buyer's lender.) 105. Buyer shall pay any unpaid special assessments payable in the year following closing and thereafter, the payment of 106. which is not otherwise herein provided. 107. As of the date of this Purchase Agreement, Seller represents that Seller ❑ HAS El HAS NOT received a notice (Chock ono.) 108. regarding any new improvement project from any assessing authorities, the costs of which project may be assessed 109, against the Property. Any such notice received by Seller after the date of this Purchase Agreement and before 110. closing shall be provided to Buyer immediately. If such notice is issued after the date of this Purchase Agreement and 111. on or before the date of closing, then the parties may agree In writing, on or before the date of closing, to pay, provide 112. for the payment of or assume the special assessments. In the absence of such agreement, either party may declare 113. this Purchase Agreement canceled by written notice to the other party, or licensee representing or assisting the other 114. party, in which case this Purchase Agreement is canceled. If either party declares this Purchase Agreement canceled, 115. Buyer and Seller shall immediately sign a Cancellation of Purchase Agreement confirming said cancellation and 116. directing all earnest money paid hereunder to be refunded to Buyer. 117. POSSESSION: Seller shall deliver possession of the Property no later than\VYtme4&' t4 after closing. 118. Seller agrees to remove ALL DEBRIS AND ALL PERSONAL PROPERTY NOT INCLUDED HEREIN om the Property 119. by possession date. 120. PROBATIONS: All interest; unit owners' association dues; rents; and charges for city water, city sewer, electricity and 121. natural gas shall be prorated between the parties as of date of closing. Buyer shall pay Seller for remaining gallons of 122. fuel oil or liquid petroleum gas on the day of closing, at the rate of the last fill by Seller. 5