Resolution 97-EDA78 - Laserfiche WebLink

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product during the time the Seller has owned the Property. The Setter further warrants that the Seller has no knowledge or information of any fact which would indicate the Property was used far production, storage, deposit or disposal of any toxic ar hazardous waste or substance petroleum product or asbestos product prior to the date the Seller purchased the Property. Notwithstanding the above, the Seller's warranty regazding petroleum products does not preclude the presence of heating oil ar other similar products usEd us a heating fuel for the dwelling but the Seller does Warrant that if there is a fuel tank on the Property used for the storage of heating oil or other similar product. the Seller has no knowledge of any leak in the tank or contamination caused thereby. The provisions of this pazagraph shall not merge with the deed and shall survive closing on the Property. Not withstanding the foregoing, if, on or before April 15. 1998, Seller shall, in its sole discretion, determine that, due to the condition of the heating oil tank located on the Property that the Property is not acceptable. Buyer may, upon written notice to Seller, terminate this purchase agreement in Which event all earnest money shall be refunded to Buyer and this purchase agreement shall be null and void. 7, Seller hereby grants to Buyer and Buyer s agents a license to enter the Property for the purpose of conducting an environmental assessment. The Buyer or Buyer's agent shall have the right pursuant to the license to bring persons and equipment onto the Property. make inspections and perform tests and analyses as Buyer may deem reasonable to determine the presence of a toxic or hazardous waste, substance. or petroleum product or asbestos product, and ascertain soil conditions on the Property. Buyer shall bear the cost of the environmental assessment. If the results of the etvironmental assessment are not to the satisfaction of the Buyer, the Buyer at its sole discretion may cancel this Purchase Agreement. If the Buyer cancels this Purchase Agreement pursuant to this provision, the Buyer shall restore the Property to its original condition or nearly so as is reasonably practicable_ • 8. To the best of the Seller s actual knowledge, there are two wells located an the Property, which Seller agrees to seal at Seller's expense. If the wells aze not sealed as of the Date of Closing, Buyer shall escrow X1,500.00 to cover the cost of closing the wells. To the best of the Seller's actual knowledge, there are no underground storage tanks located on the Property. There are no septic systems located nn the Property. 9. Closing shall take place on or before the 1st day of Sune, 1998, or other date as the parties may agree to in writing. Delivery of all papers and monies and the closing shall be made at the offices of the City of Mounds Vuver shall belmade to 2401 Highwany 10, Mounds hereto. All delivenes and notices to the B , View, Minnesota 55112, and shall be marked: Attention: Cathy Bennett. 10. The Seller agrees to deliver passe~sion no later than the date of closing. City water and sewer charges, electricity and natural gas charges, fuel oil and liquid petroleum gas shall be prorated between the parties as of the date of closing. The Seller agrees to remove all debris and all personal property not included herein from the Property before the possession date. personal properly not removed shall be deemed forfeited to and shall become the property of the Buyer. The Buyer may inspect the Property immediately prior to closing and deduct from the purchase price payable at closing an amount reasonably necessary to gay for the cost of provisions of this paragraph shall not merge with the dEed and shall survive closing on the Property. 11. Within 30 days after the date of this Agreement the Seller to have madrketablBe title • with an abstract of title or registered property abstract sho`N-ng uswl?deai 2 rwt,~o5-l0 8Ll-~ 50/EO'd 919-1 ~l£BlEEZl9 N3AVa9 ~ Aa3NN3~-wo~~ wdZO~ZI 18-91-gad