Agenda Packets - 1995/06/05 - Laserfiche WebLink

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assessments levied as of the date of this agreement. Seller represents that it has not received a notice of a pending public improvement project from any assessing authority. If a special assessment becomes pending after the date of this Agreement and before the date of closing, Buyer may at its option: (a) assume payment of the pending special assessment without adjustment to the Purchase Price; or (b) declare this Agreement null and void by notice to Seller. 8. Closinz. 8.1. The closing shall take place at City Hall in the City of Mounds View on or before February 28, 1994 or at such other time and place as may be agreed to by the parties in writing ("Closing Date") . 8.2. On the Closing Date, Buyer shall deliver to Seller the Purchase Price and Seller shall deliver to Buyer possession of the Property,- and shall execute and/or deliver to Buyer: a) A duly executed General Warranty Deed, conveying marketable title to the Property to Buyer, subject only to: (i) building and zoning laws, ordinances, state and federal regulations; and (ii) easements, restrictions and reservations of record to which Buyer did not object pursuant to Section 3 hereof. b) A duly executed affidavit regarding partnership. c) A receipt evidencing payment of real estate taxes for which payment was due prior to the Closing Date. .8.3. Seller shall pay at closing: (a) state deed tax applicable to the transfer of the Property to Buyer; (b) conservation fee; (c) all recording fees and charges relating to the filing of any instruments required to make title marketable; and (d) title insurance fees, other than insurance policy premiums. 8.4. Buyer shall pay at closing: (a) recording fees relating to the filing of the Deed from Seller; and (b) title insurance premiums, if any, and title company closing fee, if any. 9. Covenants, Representations and Warranties of Seller. 9.1. The signatories to this Agreement represent that they are authorized to execute this Agreement on behalf of Seller. 9.2. Seller shall take no actions to encumber title to the Property between the time Seller acquires the Property and the time the Deed is delivered to Buyer. 9.3. 'Seller is not aware of any source of contamination existing on the Property which would constitute a violation of any local, state or environmental law, regulation or review procedure or which would give any person a valid claim under the Minnesota Environmental Rights Act or the federal Conference of Environmental Response, Compensation and Liability Act. The foregoing is applicable only to the current actual knowledge of JJT59371 mln.25 -21