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<br />. <br /> <br />4. The purchase shall include all approvals, documents. reports, etc. pertaining to the <br />subject property. <br /> <br />5. The SeDer shall pay all Realtors fees ifany in colUlection with the conswmnation of the <br />transaction contemplated by the purchase agreement. <br /> <br />"-, <br />6. The Seller shall pay all assessments levied or pending with respect to the subject <br />property as of the date of closing. Real estate taxes and all utility and other charges with <br />respect to the subject property shall be prorated as of the date of closing. <br /> <br />7. The purchase oftbe property is contingent on the following: <br />a. The City approves the design and plans for a retail center with a minimum of 13,000 <br />square feet net rentable space, including two(2) entrances into the site. <br />b. The property will be conveyed with a clean and insurable title. <br />c. The city will provide a Phase I enviromnental report attesting to the property being <br />environmentally clean. <br />d. The northern part of the property which is not used for development will be <br />donated to the City or a non-profit organization to be used as green space. <br /> <br />8. This letter of intent will expire November I. 2000 unless countersigned by the seller on <br />. or before that date. <br /> <br />SELLER: <br /> <br />Dated: <br /> <br /> <br />Anticipated date of closing will be on or before March 15, 200 I <br /> <br />. <br />