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DRAFT <br /> 4.15.2004 <br /> • e Pro <br /> prtY. <br /> 10.0. Closing. The closing shall take place on ,2004(the "Date of Closing") <br /> or on such earlier date as Authority and Developer may mutually agree in writing. The closing shall <br /> take place at the office of Title Insurer or such other place as the Authority and Developer may <br /> reasonably determine. Possession of the Property shall be delivered on the Date of Closing. <br /> 11.0. Authority's Obligations at Closing. On or prior to the Date of Closing, Authority <br /> shall: <br /> 11.1. Execute, acknowledge and deliver to the Developer a Quit Claim Deed in the <br /> general form of Exhibit D conveying to the Developer marketable fee simple title to the <br /> Property, subject to the Right of Reverter set forth in Section 17.3 of this Agreement, <br /> subject to easements of record and the encumbrances approved by Developer in accordance <br /> with Section 5.2, and subject to the limitations contained in Sections 4.0 and 5.2 hereof and <br /> all rights appurtenant thereto. <br /> 11.2. Deliver to Developer an affidavit of the Authority in recordable form <br /> identifying the Authority as the owner of the Property and stating that all work, labor, <br /> services and materials furnished to or in connection with the Property have been fully paid <br /> • for so that no mechanic's,materialmen's, or similar lien may be filed against the Property. <br /> 11.3. In the event the quit claim deed described in Section 11.1 does not contain the <br /> statement "The Seller certifies that the Seller does not know of any wells on the described <br /> real property", Authority shall execute and deliver to Developer a Well Disclosure <br /> Certificate as required in Minnesota Statutes, Section 103I.235 indicating that all wells have <br /> been properly abandoned and sealed by a licensed well contractor, all as required by the <br /> rules and regulations issued to Minnesota Statutes, Section 103I.501(a)(2). <br /> 11.4. Execute and deliver to Developer a Designation Agreement relating to the <br /> Property which designates the "reporting person" for purposes of completing Internal <br /> Revenue Form 1099S. <br /> 11.5. Deliver to Developer such other documents as may be required by this <br /> Agreement or applicable law. <br /> 11.6. Deliver to Developer evidence of Authority's authorization to complete this <br /> transaction. <br /> 11.7. Execute and deliver to Developer a closing statement consistent with this <br /> Agreement. <br /> • 12.0. Developer's Obligations at Closing. At closing, and subject to the terms, conditions, <br /> SJR-245249v4 <br /> MU205-29 <br /> 9 <br />