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08-26-2013
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08-26-2013
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Last modified
1/29/2025 9:16:04 AM
Creation date
8/6/2018 6:47:33 AM
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MV Commission Documents
Commission Name
Economic Development Authority
Commission Doc Type
Agenda Packets
MEETINGDATE
8/26/2013
Commission Doc Number (Ord & Res)
0
Supplemental fields
Date
8/26/2013
EDA Document Type
Council Packets
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unsatisfactory conditions, not later than thirty (30) days of the signing and <br />acceptance of the Agreement by all parties. Buyer and Buyer's agents shall have <br />a reasonable right of access to the Property at reasonable times prior to closing, <br />solely for the purpose of inspecting the Property. <br />D. Personal Property and Fixtures Inspection. This Agreement is contingent upon <br />Buyer approving Seller's list of the Personal Property and Fixtures which are to <br />be sold to Buyer under this Agreement not later than thirty (30) days of the <br />signing and acceptance of the Agreement by all parties. <br />E. Approval of City Council. This Agreement is contingent upon approval of this <br />Agreement by the Mounds View Economic Development Authority Board of <br />Commissioners. <br />12. WELL AND SEPTIC SYSTEM DISCLOSURE: The Seller certifies that Seller does not <br />know of any wells on the described real Property. Provided however, if the Property does <br />contain wells, the cost of sealing any wells required to be capped or sealed under Minnesota <br />law will be bome by the Seller. If the well is not sealed by the date of closing, Seller shall <br />escrow a sum equal to two times the bid price from a licensed well sealing contractor to <br />complete the sealing process. Seller shall prepare, execute and file any required well <br />certificate at or before closing. If the Property has a septic system, Seller agrees to provide <br />water quality test results and/or septic system certification as required by state law or local <br />ordinance. <br />13. OTHER GENERAL AND SPECIAL WARRANTIES: <br />A. Right of Access. Seller warrants that there is a right of access to the Property from a <br />public right of way. <br />B. Mechanic's Liens. Seller warrants that, prior to the closing date, Seller has made any <br />and all payments in full for all labor, materials, machinery, fixtures or tools <br />furnished within the 120 days immediately preceding the closing date in connection <br />with construction, alteration or repair of any structure on or improvement (including, <br />but not limited to grading and landscaping, etc.) to the Property, if any. <br />C. Removal of Debris. Seller agrees to remove all debris and all personal property <br />from the Property by the date Buyer takes possession of the Property. Consistent <br />with Paragraph 4.A. of this Agreement, the Buyer shall hold Two Thousand Five <br />Hundred Dollars ($2,500.00) in escrow until completion and verification of the <br />Seller's requirements set forth in this Paragraph. If the Seller fails to remove all <br />debris and all personal property from the Property by the date Buyer takes <br />possession of the Property, Buyer shall retain the Two Thousand Five Hundred <br />Dollars ($2,500.00) held in escrow and utilize such escrowed amount to effectuate <br />the removal of all debris and all personal property left by Seller from the Property. <br />D. Buildings. Seller warrants that buildings, if any, are entirely within the boundary <br />5 <br />430562v3 SJR MU20544 <br />
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