Agenda - Council - 01/14/1997 - Laserfiche WebLink

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JAil- 7-9'7 TUE 4'19 PM HARSTAD COMPA/{IE$ ~A× NO. 612 5~6 1591 8. Closing. 8.1 The closing shall take place at Harstad Companies, 2191 Silver Lake Road, New Brighton, MN, 55112, fifteen days after the City of Ramsey has granted final plat approval to Buyer for the Development, or at such other time and place that may be agreed to by the parties in writing ("Closing Date"). 8.2 On the Closing Date, Buyer shall deliver to Seller the balance of the Purchase Price and Seller shall deliver to Buyer possession of the Property and shall execute and/or deliver to Buyer; (a) A duly executed general warranty deed conveying marketable title to the Property to Buyer subject only to: (i) building and zoning laws, ordinances, state and federal regulations; and (ii) utility and drainage easements which do not interfere with Buyer's intended use of the Property. (b) A duly executed affidavit of Seller. (c) A well disclosure certificate. 8.3 Seller shall pay at closing alt recording fees and charges relating to the filing of any instrument required to make title marketable. 8.4 Bu,'er shall pay at closing: (a) state deed tax relating to transfer of the Property; (b) conservation fee; (c) recording fees relating to the filing of the deed from Seller; (d) title insurance premiums, if any, and title company closing fee, ifa.ny. 9. Possession. Seller shall deliver possession of the Property no later than ~ p.m. on the Date of Closing. All interest, fuel oil, liquid petroleum gas and all charges to city water, city sewer, electricity and natural gas shall be prorated between the parties as of the Date of Closing. Seller agrees to arrange for a final reading for all utilities as of the Date of Closing. Seller's agreement to pay utility charges incurred prior to the Date of Closing shall survive the delivery of the deed at closing. 10. Damages to Real Property. If the Property is substantially damaged prior to closing, Buyer may at its sole option rescind this Agreement by not/ce lo Seller within ten (10) days after Seller notifies Buyer of the damage, during which ten day period Buyer may inspect the real property. In the event of rescission, the Earnest Money shall be refunded to Buyer. I t. Personal Property Not Included. There is no personal property included in this sale. Seller shall remove all personal property, including without limitation appliances and furniture, from the Property prior to closing. Any personal property which remains on the Property after the closing shall be deemed to have been abandoned and shall become the exclusive property of Buyer. I I I I I I I I I I I I I I I I I I I