7.2. HRSR 08-03-2020 - Laserfiche WebLink

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agent of the HRA with respect to the physical condition of the Buildings, including but not limited to, the existence or absence of hazardous substances, pollutants or contaminants in the Buildings or with respect to the compliance of the Buildings with any codes, laws, ordinances, or regulations of any government or other body. The Buyer acknowledges and agrees that the HRA has not made and does not make any representations, warranties, or covenants of any kind or character whatsoever, whether expressed or implied, with respect to warranty of income potential, operating expenses, uses, habitability, tenant ability, or suitability for any purpose, merchantability, or fitness of the Buildings for a particular purpose, all of which warranties the HRA hereby expressly disclaims. 3.0 REMOVAL AND RELOCATION. The Buyer represents that the Buyer will remove the Buildings at grade level from the Properties and will relocate the Buildings to another property/properties. The Bttye,- shall also ro a all .debris f„f, the n )eiated with refneval of the Bttil dings The Buyer shall furnish and pay for all labor, materials, and equipment which are required for the removal of the Buildings and required work on the Properties. The HRA shall be responsible for the removal of the Buildings' foundations and filling them in. All work shall be done in accordance with this Agreement and in accordance with City of Elk River ordinances and regulations. Any reported damage to other lots, rights-of-way, or property of others, be it real or personal property caused as a result of or in connection with the removal of the Buildings is the responsibility of the Buyer. The Buyer shall promptly inform the HRA of any such reported damage. Prior to moving the Buildings, the Buyer agrees to present evidence to the HRA that permits and all approvals necessary to allow moving the Buildings to another property/properties have been granted to the Buyer by the City of Elk River and any other necessary jurisdictions. 4.0 COMPLETION DATE. The Buyer shall complete removal and relocation of the Buildings by no later than December 31, 2020. In the event that the Buyer does not remove and relocate the Buildings by December 31, 2020, the HRA may terminate this Agreement and retain the Purchase Price and the Buildings with no further obligation to convey them to the Buyer. 5.0 NO SUPERVISION BY THE HRA. The HRA assumes no responsibility for supervision of the removal and relocation of the Buildings. 6.0 WORK SITE SECURITY. After the Buildings are removed from the Properties, the Buyer shall secure and enclose the Buildings' foundations on the Properties with temporary construction fencing. 7.0 DISCONNECTION OF WATER AND SANITARY SEWER SERVICES. Prior to removing the Buildings from the Properties, the HRA will cause the City to have the City water service and sewer service connections into the Buildings cut off permanently at the main and sealed in accordance with the applicable City regulations and ordinances. 8.0 INSURANCE. The Buyer must maintain insurance with the following liability limits to protect itself and the HRA from all claims and liability for injury or damage to persons or property for all work performed in connection with this Agreement by the Buyer or its respective employees, contractors, or agents. 502574v1 SJS LA275-59 2