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22-EDA-354
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22-EDA-354
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Last modified
1/29/2025 9:52:43 AM
Creation date
2/15/2022 1:36:41 PM
Metadata
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Template:
MV Commission Documents
Commission Name
Economic Development Authority
Commission Doc Type
Resolutions
MEETINGDATE
2/14/2022
Commission Doc Number (Ord & Res)
22-EDA-354
Supplemental fields
Date
2/14/2022
EDA Document Type
Resolutions
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Draft 2.10.2022 <br />of action, damages, losses, or costs (including reasonable attorney's fees) relating to <br />impurities in the subsoil or groundwater of the Property or other adjacent properties <br />which arise from or are caused by acts or occurrences upon the Property prior to Buyer <br />taking possession of the same. This indemnity shall survive the closing of this <br />transaction. <br />15. SURVIVAL OF REPRESENTATIONS AND WARRANTIES/NO MERGER: All of <br />the representations, warranties, covenants and agreements of the parties hereto contained in <br />this Agreement shall survive the closing of the transaction contemplated herein and the <br />delivery of any documents provided for herein and shall not be merged into any other <br />agreement. <br />16. RISK OF LOSS: Buyer is purchasing the property in its present condition and plans to raze <br />any structures. <br />17. TIME OF ESSENCE: Time is of the essence in this Agreement <br />18. CLOSING DATE AND LOCATION: Upon any required approval by the Mounds View <br />Economic Development Authority, this Agreement for the sale of the above described <br />Property shall be closed on March 31, 2022, or upon such other date agreed upon by the <br />parties. The delivery of all papers and monies shall be made at the offices of the City of <br />Mounds View/Mounds View City Hall and/or at the offices of a closer at the choosing of the <br />City of Mounds View. If the closing date is changed, any and all costs, if prorated, shall be <br />adjusted to the new closing date. <br />19. ADDITIONAL DOCUMENTS: Buyer and Sellers agree to cooperate with each other and <br />their representatives regarding any reasonable requests made subsequent to the execution of <br />this Agreement to correct any clerical errors in this Agreement and to provide any and all <br />additional documentation deemed necessary by either party to effectuate the transaction <br />contemplated by this Agreement. <br />20. NOTICES: Any notice required or permitted to be given by any party upon the other is given <br />in accordance with the Agreement if it is directed to the Sellers by delivering it personally to <br />the Sellers; or if it is directed to the Buyer, by delivering it personally to an officer of the <br />Buyer; or to either party if mailed in a sealed wrapper by United States registered or certified <br />mail, return receipt requested, postage prepaid; or if transmitted to either party by facsimile, <br />copy followed by mailed notice as above required; or if deposited by either party, cost paid <br />with a nationally recognized, reputable overnight courier, properly addressed as follows: <br />IF TO THE SELLERS: <br />Elsa H. Lee <br />2817 Woodcrest Dr. <br />New Brighton, MN 55112-4469 <br />7 <br />DOCSOPENN U205\57\776768. v5-1 /28/22 <br />
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