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07/23/2007 Council Packet (2)
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07/23/2007 Council Packet (2)
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City Council
Council Document Type
Council Packet
Meeting Date
07/23/2007
Council Meeting Type
Regular
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• <br />• <br />and (vii) such Table A requirements as Purchaser deems necessary and/or appropriate. The <br />Survey shall reveal any encroachments onto the Subject Property from any adjacent property, any <br />encroachments by or from the Subject Property onto any adjacent property, and any violation by <br />any of the improvements on the Subject Property of any building line or easement or restriction <br />affecting the Subject Property. The Survey shall also certify whether or not the Subject Property <br />is in an area identified by an agency or department of the Federal, State or local government as <br />having special flood or mudslide hazards whether or not such identification would require flood <br />insurance under any flood insurance laws and shall state whether the Subject Property includes <br />any area identified or designated by Federal, State or local government as a wetland. Such <br />survey shall be delivered in the form of paper copies and on computer disk form in Auto CADD <br />(latest format). <br />6. Delivery of Possession. Physical possession of the Subject Property shall be <br />delivered to Purchaser on the Date of Closing. Seller shall remove all personal property and <br />moveable trade fixtures and equipment including but not limited to the property and equipment <br />listed on Exhibit G attached hereto and any debris and rubbish from the Subject Property prior to <br />the date of Closing. <br />7. Closing. The Closing of this transaction shall take place at the office of <br />Purchaser's counsel or other mutually acceptable location in Minneapolis, Minnesota on a date <br />selected by Purchaser (by at least seven (7) days prior written notice by Purchaser to Seller) <br />which date shall be on or before the earlier of (a) December 1, 2007, provided satisfaction or <br />waiver of all of the conditions to Closing set forth in Paragraph 10 hereof have occurred, or (b) <br />the date thirty (30) business days after Purchaser notifies Seller that all contingencies to Closing <br />set forth in Paragraph 10 (except contingencies expiring at Closing) have been satisfied or <br />
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