Agenda - Council - 01/28/1997 - Laserfiche WebLink

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the Property at any time prior to the Closing Date to make such environmental testing as BUYER deems necessary or advisable, at BUYER's expense. 11.3 SELLER warrants that there are no present violations of any zoning restrictions relating to the use or improvement of the Property. 11.4 SELLER will provide for extension of municipal water and sewer utilities to the Property on or before July 1, 1997, or 120 days after the Development Agreement is signed, whichever date occurs later. The extension of these municipal utilites shall be at SELLER's expense, subject, however, to the BUYER's obligation for payment, as a Developer, subdivision regulations and requirements as required by CITY OF RAMSEY municipal utility extension 12. COVENANTS~ REPRESENTATIONS AND WARI~%/T~IES OF BUYER. BUYER is a general partnership organized under the laws of the State of Minnesota and has the power to enter into this Agreement and carry out its obligations hereunder. The signatories to this Agreement represent that they are authorized to execute this Agreement on behalf of the BUYER. 13. SURVIVAL OF WARRANTIES. The warranties made in Sections 11. and 12. above shall survive until one (1) year after the date of closing and delivery of the deed. 14. WELL DISCLOSURE. BUYER acknowledges receipt of a well disclosure statement from SELLER, attached as Exhibit "A" to this Agreement. I I I I I I i I I I I I I I I I I I I