Resolution No. 15-04 EDA - Laserfiche WebLink

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(2) possession of the Property; (3) a Seller's affidavit in form acceptable to the Title Company; (4) a well disclosure certificate or a statement on the deed asserting that Seller does not know of any wells on the Property; (5) an individual sewage system disclosure, if applicable; (6) an underground storage tank disclosure, if applicable; (7) (8) (9) a Non -Foreign Affidavit stating under the penalty of perjury that Seller is not a foreign person within the meaning of Section 1445 of the Internal Revenue Code, setting forth Seller's taxpayer identification number and address or, in the alternative, an instruction letter addressed to the Title Company and Purchaser authorizing the withholding of ten percent (10%) of the Purchase Price of the Property by Purchaser; a certified copy of the duly adopted City Ordinance and Resolution authorizing Seller's sale of the Property to Purchaser; and such other documents as may reasonably be required to transfer fee title to the Property to Purchaser and to enable the Title Company to provide the Title Policy as required by this Contract. c. Deliveries by Purchaser. At the Closing, Purchaser shall deliver to Seller 100% of the Purchase Price, all Earnest Money being applied thereto. d. Prorations and Closing Costs. Seller and Purchaser agree to the following prorations and allocation of costs, fees, taxes and special assessments with respect to the Property which the Parties will pay at Closing: (1) Title and Closing Fees. Purchaser shall pay fees charged by the Title Company related to issuing the Title Commitment, including all examination fees and title search fees. Purchaser shall pay the premium(s) for the Title Policy. Seller and Purchaser shall each pay one-half of any closing fee charged by the Title Company. With respect to all other costs, each Party shall pay its share of the Closing costs which are normally assessed by the Title Company against a seller or purchaser in a transaction of this character in the County. (2) Deed Tax and Recording Fees. Seller shall pay any deed tax, conservation tax, and the cost of recording any documents necessary to cure Purchaser's Objections or otherwise transfer good and marketable title to Purchaser. Purchaser shall pay all document recording fees for the warranty deeds and for filing the final plat, if any. 13 DRAFT 109378462-v5-drh lino lakes Purchase and Sale Agreement.docx