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11-13-2023 EDA
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11-13-2023 EDA
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Last modified
1/29/2025 9:16:32 AM
Creation date
11/14/2023 12:41:56 PM
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MV Commission Documents
Commission Name
Economic Development Authority
Commission Doc Type
Agenda Packets
MEETINGDATE
11/13/2023
Commission Doc Number (Ord & Res)
0
Supplemental fields
Date
11/13/2023
EDA Document Type
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Draft 11.5.2023 <br /> <br />2 <br />DOCSOPEN\MU205\63\913104.v3-11/5/23 <br /> <br />c) Reservation of any minerals or mineral rights in the State of <br />Minnesota, if any. <br /> <br />2. Standard form affidavit of Seller showing no bankruptcies, judgments or <br />mechanics’ liens affecting the Property. <br /> <br />3. Certificate that Seller is not a foreign national. <br /> <br />4. Well disclosure certificate, if required, or, if there is no well on the Property, <br />the Warranty Deed given pursuant to subparagraph a. above must include <br />the following statement: “The Seller certifies that the seller does not know <br />of any wells on the described real property.” <br /> <br />5. Any other documents reasonably required by the Buyer’s title insurance <br />company or attorney to evidence that title to the Property is marketable and <br />that Seller has complied with the terms of this Agreement. <br /> <br />6. Certificate of Real Estate Value (CRV). <br /> <br />C. DOCUMENTS TO BE DELIVERED BY BUYER AT CLOSING: At Closing, <br />Buyer shall deliver the following to Seller: <br /> <br />1. Any documents as may be reasonably required by Buyer’s title examiner or <br />title insurance company. <br /> <br />5. DEED/MARKETABLE TITLE: Subject to performance by Buyer, Seller agrees to execute <br />and deliver at the time of closing a warranty deed conveying marketable title to said Property, <br />subject only to the following exceptions: <br /> <br /> A. Building and zoning laws, ordinances, state and federal regulations; <br /> B. Reservation of any mineral rights by the State of Minnesota; <br /> C. Utility and drainage easements which do not interfere with existing improvements. <br /> <br />6. POSSESSION: Seller agrees to deliver possession not later than the date of closing. <br /> <br />7. COSTS AND PRORATIONS: Seller and Buyer agree to the following prorations and <br />allocations of costs regarding this Agreement: <br /> <br />A. Deed Tax. Seller shall pay all state deed tax regarding a Warranty Deed and any other <br />documents necessary to place record title in the condition warranted and to be <br />delivered by Seller under this Agreement. <br /> <br />B. Taxes and Assessments. The real estate taxes due and payable in 2023 are homestead <br />classification. The Seller and Buyer agree to prorate as of the date of actual closing <br />all real estate taxes due and payable in 2023, the year of closing. Buyer shall pay the
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