2014-008 Council Resolution - Laserfiche WebLink

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3. Buyer will pay Seller a total of S_68,542.53_ for the Credits, as follows-. S _1,000.00_ as tamest money, to be paid when this Agreement is signed; and 19 The balance of S _67,542-53_ to he paid on the Closing Date listed below. 4. El 1 Buyer, El] Seller agrees to pay to a withdrawal fee of $_4,455.26_ to the State of Minnesota based on 6.5% of the agreed to purchase price. At the Closing Date, [0: Buyer., iC3 Seller will execute a check made out for this arnotmt. payable to the Board of Water and Soil Resources. 5. The closing of the purchase and sale shall occur on _May 1st , 2014_ (Closinti Date) at _WSB & Associatrz Inc. (Minnt.-apolis Offlec)_ The Closing Date arid location may be changed by written consent of both panics. Upon payment of the balance of the purchase price, Seller will sLi i a fully executed Application for Withaniwal. or tilt- Credits in the form specified BWSR, provide a copy of the Application for Withdrawal to the Buyer and forward the same to the BWSR along with the check for the withdrawal kc. 6. Buyer has applied or will apply to The Rice Creek Watershed I)istrict and US Anny Corps of Engineers_ (Local Government Unit (LGU) or other regulatory authority) for approval of a replacement plus utilizing the Credits as the means of replacing impacted wetlands. If the 13 has not appmved the Buyer's .pplicatitm for a replacement plan utilizing the Credits by the Closing Date. and no postponement of the Closing 1.)ate has been agreed to by Buyer arid Seller in writiris.„ then either Buyer or Seller may cancel this Agreement by giYing written notice to the ohe ft this case, Seiler shall return Buyer's earnest money, awl neither Buyer nor Seller hall hove any further obligatims under this Agteemeut. I r the I.X.; as approved the rtritLecmcnt plan um] the Sacc s rdy to proct.ted with the sak on the Closing Date, but Buyer foils to proceed, then the Seller may retain the earnest mono/ as liquidated damages. RWSR Font: west-hmsk-12 rthaise egreerood)Aloc Revised 6/ir2oto (Signature of Buyer) (Date) hge 2 of 2