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RES 15-24
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RES 15-24
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6/4/2015 2:00:58 PM
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City Government
type
SR
date
3/16/2015
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and shall be valid and binding obligations of Seller, enforceable in accordance with their <br />terms. <br />(b) Title to Real Property. Buyer shall rely on the Title Company to insure Buyer's <br />title to the Real Property upon Closing. <br />(c) Mechanic's Liens. All labor and materials which have been provided to the Real <br />Property have been fully paid for or will be fully paid for, prior to the Closing Date. <br />(d) Utilities. Seller makes no representations regarding utilities. <br />(e) Rights of Others to Purchase Real Propert y. Seller has not entered into any other <br />contracts, agreements or understandings, whether oral or written, for the sale of all or any <br />portion of the Real Property, and there are no existing rights of first refusal or options to <br />purchase all or any portion of the Real Property, or any other rights of others that might <br />prevent the consummation of this Agreement. <br />(f) Storage . There are no above - ground or underground tanks are located in or <br />on the Real Property. <br />(g) Wells and Septic. Seller knows of no wells on the Real Property. At the time of <br />Closing, Seller will deliver any required well certificate pursuant to applicable laws. To <br />Seller's knowledge, there is no "individual sewage treatment system" within the meaning <br />of Minn. Stat. Section 115.55 on or serving the Real Property. <br />(h) Assessments. Buyer shall make its own investigation regarding special <br />assessments. <br />(i) Litigation and Other Matters. Seller has received no notice, and has no knowledge <br />of any pending notice, of a violation of any statutes, ordinances, regulations, judicial <br />decrees, or orders, or the pendency of any lawsuits, administrative or arbitration hearings, <br />governmental investigations, proceedings, applications, petitioners, or other matters <br />affecting the Real Property or the use thereof, except those which may have been initiated <br />by or participated in by Buyer. <br />0) Rights of Others to Purchase Real Property. Seller has not entered into any other <br />contracts, agreements or understandings, whether oral or written, for the sale of all or any <br />portion of the Real Property, and there are no existing rights of first refusal or options to <br />purchase all or any portion of the Real Property, or any other rights of others that might <br />prevent the consummation of this Agreement. <br />(k) Condemnation. Buyer shall make its own determination regarding condemnation <br />proceedings. <br />(1) Hazardous Substances. To Seller's knowledge there are no Hazardous Substances <br />stored, deposited or located within the Real Property or under the surface of the Real <br />181569v2 <br />
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