My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
7.3. SR 07-20-2015
ElkRiver
>
City Government
>
City Council
>
Council Agenda Packets
>
2011 - 2020
>
2015
>
07-20-2015
>
7.3. SR 07-20-2015
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/17/2015 11:24:52 AM
Creation date
7/17/2015 8:28:45 AM
Metadata
Fields
Template:
City Government
type
SR
date
7/20/2015
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
87
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br /> <br />6.1. City’s Closing Documents. On the Closing Date, the City shall execute and deliver <br />to the Buyer the following (collectively, “City’s Closing Documents”), all in form <br />and content reasonably satisfactory to the City and the Buyer: <br /> <br />6.1.1. Deed. A quit claim deed conveying the Property to the Buyer in <br />Exhibit D <br />substantially the form set forth in hereto. <br /> <br />6.1.2. City’s Affidavit. An Affidavit of Title by the City stating that on the Closing <br />Date there are no outstanding, unsatisfied judgments, tax liens or <br />bankruptcies against or involving the City or the Property; that there has <br />been no skill, labor or material furnished to the Property for which payment <br />has not been made or for which mechanics’ liens could be filed; and that <br />there are no other unrecorded instruments affecting the Property, together <br />with whatever standard owner’s affidavit (ALTA form) which may be <br />required by the Title Company to issue an Owner’s Policy of Title Insurance <br />with the standard exceptions waived. <br /> <br />6.1.3. Original Documents. Original copies of any surveys, environmental tests, <br />plans and records in the City’s possession and not previously provided to <br />Buyer. <br /> <br />6.1.4. FIRPTA Affidavit. A non-foreign affidavit, properly executed, containing <br />such information as is required by the Internal Revenue Code Section <br />1445(b)(2) and its regulations. <br /> <br />6.1.7. Well Certificate. A certificate signed by the City warranting that there are no <br />wells on the Property or if there are wells, a Well Certificate in the form <br />required by law. <br /> <br />6.1.8. Other Documents. Any other documents reasonably required in order to <br />complete the transaction contemplated by this Agreement. <br /> <br />6.2. Buyer’s Closing Documents. On the Closing Date, the Buyer shall execute, as <br />appropriate and deliver to the City the following (collectively, “Buyer’s Closing <br />Documents”): <br /> <br />6.2.1. Purchase Price Note, Mortgage and Abatement Agreement. The Purchase <br />Price Note, the Mortgage, and an executed definitive Abatement Agreement <br />setting forth the terms and conditions of the assistance to be provided to the <br />Buyer. <br /> <br />6.2.2. Other Documents. Such affidavits of Buyer, Certificates of Value or other <br />documents as may be reasonably required in order to complete the <br />transaction contemplated by this Agreement. <br /> <br />4 <br />455958v10 SJS EL185-31 <br />
The URL can be used to link to this page
Your browser does not support the video tag.