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10-13-1997 EDA
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10-13-1997 EDA
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Last modified
1/29/2025 9:16:22 AM
Creation date
6/15/2018 5:41:15 AM
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MV Commission Documents
Commission Name
Economic Development Authority
Commission Doc Type
Agenda Packets
MEETINGDATE
10/13/1997
Commission Doc Number (Ord & Res)
0
Supplemental fields
Date
10/13/1997
EDA Document Type
Council Packets
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11.2. Deliver to Developer an affidavit of the Authority in recordable form <br /> identifying the Authority as the owner of the Property free and clear of all encumbrances <br /> except the encumbrances approved by Developer in accordance with Section • <br /> work, labor, services and materials furnished to or in connection with the Property that have <br /> been fullyperry have <br /> paid for so that no mechanic's, materialmen's, or similar lien may be filed <br /> against the Property. <br /> 11.3. In the event the warranty deed described in Section 11.1 does not contain <br /> the statement "The Seller certifies that the Seller does not know of any wells on the <br /> described real property", Authority shall execute and deliver to Developer <br /> Disclosure Certificate as required a Well <br /> all wells have been in finnesota Statutes' Section 1031.235 indicating that <br /> properly abandoned and sealed by a licensed well contractor, all as <br /> required by the rules and regulations issued to Minnesota Statutes Section 103L501 a 2 . <br /> 1I.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, <br /> conditions, and � <br /> provisions hereof and the performance by Authority of its obligations as set forth <br /> above, the Developer shall: <br /> 12.1. Deliver to Authority any portion of the Purchase Price then due and payable <br /> by Developer's certified or cashier's check or equivalent. <br /> 12.2. Execute, and/or deliver to Authority such other documents as may be <br /> required by this Ageement or applicable law. <br /> 12.3. Deliver to Authority evidence of Developer's authorization to complete this <br /> transaction. Developer hereby represents and warrants to Authority that the execution and <br /> performance of this Agreement by Developer has been duly authorized by all necessary <br /> action. <br /> 12.4. Execute and deliver to Authority a closing statement consistent with this <br /> Agreement <br /> 411 <br /> 13.0. Closin . The following costs and expenses shall be paid as follows <br /> in connection with the closing: <br /> SCR1285l0 <br /> MU205-2 8 <br />
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