Agenda - Council - 03/23/2010 - Laserfiche WebLink

Home

C. To SELLER's actual knowledge, there are no unrecorded leases, purchase options, rights of first refusal, or any other unrecorded agreements which grant any other party any right of use of occupancy in effect with respect to the Property or any portion thereof. d. To SELLER's actual knowledge, There are no management, maintenance, supply, utility or service contracts relating to the Property which will extend beyond the Closing Date, which are not cancelable without penalty or premium upon not more than atdays advance notice. e. To the best of SELLER'S knowledge: except as described in Section 7, there is no action, litigation, investigatpo condemnation or proceeding of any kind pending against SELLER or the Property- which could adversely affect the Property, any portion there or title thereto f. To SELLER's actual knowledge, no notice of hearing has been received from any governmental assessing authority concerning a new public improvement project the costs of which project may be assessed against the Property. g. All services or ma r al'°,which have been furnished to the Property have been fully paid for or will be fully paid for prier to the Closing Date so that no lien for services or materials rendered (commonly known as mechanic's or materialsmen':s liens) .cwt be asserted against the Property. All WM tP�E . sewer and rehse bins for`'such services which have been finished tot the Property have been fully paid for or will be fully paid for poor to the 'Closing Date so that no lien therefore can be asserted against the :Property , h. SELLER. ;is neither a '`foreign person" nor a "foreign corporation" (as those terrns - ,;are defined in Section 1445 of the Internal Revenue Code of 1986, ,as amended),. i. CONATION "OF PROPERTY: (1) To 8ELLER's actual knowledge, there are no underground storage tanks currently located on the Property and there has been no methamphetamine production on or about any portion of the Property. (2) BUYER acknowledges that the Property (i) has been used for the distribution and storage of petroleum or petroleum products, (ii) underground storage tanks have been used on the Property for the storage of petroleum, and (iii) SELLER has caused to be removed all petroleum storage tanks, dispensing equipment and petroleum lines on the Property. 5