04-11-2022 EDA - Laserfiche WebLink

Home Browse Search

DRAFT 4.5.2022 (2) the Developer's cost to obtain the title evidence determined necessary or desirable to the Developer, including costs associated with any title commitment or the premium to obtain a policy of title insurance; (3) for any documents related to or in connection with the Developer's financing of the Property, including but not limited to, recording fees and mortgage registration tax; (5) Developer's title company closing fees, if any; (6) all of the Developers' attorney's fees. On the Date of Closing, the Authority shall be responsible for and pay: (1) transfer taxes, including State deed tax, to allow the Developer to record the Property Deed; and (2) Authority's title company closing fees, if any. d. There should not be any delinquent taxes or special assessments attributable to the Property, however, in the event that there are any delinquent taxes or special assessments, the Developer shall be responsible at closing for payment thereof. The Developer shall also be responsible for taxes payable in the current year. If a special assessment becomes pending after the date of this Agreement and before the Date of Closing, the Developer shall assume payment of the pending special assessment without adjustment to the agreed -upon price of the Property. The Developer shall obtain the title evidence determined necessary or desirable to the Developer. In the event that there are any title issues, the Developer shall be responsible for resolving those issues and at its own expense. 12. Platting Requirements. a. The Developer shall plat the Property consistent with the preliminary plat of , approved by the City Council in Resolution No. (the "Authorizing Resolution"), on , 20_, subject to the conditions and requirements contained in the Authorizing Resolution, the Mounds View City Code, this Agreement and state statutes. Subject to the conditions and requirements contained in the Authorizing Resolution, the Mounds View City Code, this Agreement, City Attorney plat opinion, state statutes, and local ordinances and regulations, the Developer shall finalize the plat of and shall cause the final plat of (the "Plat") to be recorded with the Ramsey County Recorder/Registrar of Titles and provide the City of Mounds View with a reproducible Mylar copy of said plat. 6 DOCSOPEN\MU205\53\788760.v5-4/5/22