Agenda - Council - 02/11/2014 - Laserfiche WebLink

Home

PURCHASE AGREEMENT: VACANT LAND (RESIDENTIAL) 80. Page 3 Date 01/06/14 81. Property located at TBD Ramsey 55303 82. REAL ESTATE TAXES: Seller shall pay on the date of closing all real estate taxes due and payable in all prior years 83. including all penalties and interest. 84. Buyer shall pay X PRORATED FROM DAY OF CLOSING E 12ths OF n ALL n NO real estate (Check one.) 85. taxes due and payable in the year 20 14 86. Seller shall pay, [ PRORATED TO DAY OF CLOSING n 12ths OF ❑ ALL (Check one. NO real estate taxes 87. due and payable in the year 20 14 If the closing date is changed, the real estate taxes paid shall, if prorated, 88. be adjusted to the new closing date. 89. Buyer shall pay real estate taxes due and payable in the year following closing and thereafter, the payment of which 90. is not otherwise herein provided. No representations are made concerning the amount of subsequent real estate 91. taxes. 92. DEFERRED TAXES/SPECIAL ASSESSMENTS: 93. BUYER SHALL PAY SELLER SHALL PAY on date of closing any deferred real estate taxes (Check one.) 94. (e.g. Green Acres) or special assessments, payment of which is required as a result of the closing of this sale. 95. n BUYER AND SELLER SHALL PRORATE AS OF THE DATE OF CLOSING X SELLER SHALL PAY ON (Check one.) 96. DATE OF CLOSING all installments of special assessments certified for payment, with the real estate taxes due and 97. payable in the year or closing. 98. n BUYER SHALL ASSUME n SELLER SHALL PAY on date of closing all other special assessments levied as (Check one. 99. of the date of this Purchase Agreement. 100. n BUYER SHALL ASSUME n SELLER SHALL PROVIDE FOR PAYMENT OF special assessments pending as (Check one.)- 101. of the date of this Purchase Agreement for improvements that have been ordered by any assessing authorities. 102. (Seller's provision for payment shall be by payment into escrow of two (2) times the estimated amount of the 103. assessments or less, as required by Buyer's lender.) 104. Buyer shall pay any unpaid special assessments payable in the year following closing and thereafter, the payment of 105. which is not otherwise herein provided. 106. As of the date of this Purchase Agreement, Seller represents that Seller fl HAS n HAS NOT received a notice (Check one.)- 107. regarding any new improvement project from any assessing authorities, the costs of which project may be assessed 108. against the Property. Any such notice received by Seller after the date of this Purchase Agreement and before 109. closing shall be provided to Buyer immediately. If such notice is issued after the date of this Purchase Agreement and 110. on or before the date of closing, then the parties may agree in writing, on or before the date of closing, to pay, provide 111. for the payment of or assume the special assessments. In the absence of such agreement, either party may declare 112. this Purchase Agreement canceled by written notice to the other party, or licensee representing or assisting the other 113. party, in which case this Purchase Agreement is canceled. If either party declares this Purchase Agreement canceled, 114. Buyer and Seller shall immediately sign a Cancellation of Purchase Agreement confirming said cancellation and 115. directing all earnest money paid hereunder to be refunded to Buyer. 116. POSSESSION: Seller shall deliver possession of the Property no later than immediately after closing. 117. Seller agrees to remove ALL DEBRIS AND ALL PERSONAL PROPERTY NOT INCLUDED HEREIN from the Property 118. by possession date. 119. PROBATIONS: All interest; unit owners' association dues; rents; and charges for city water, city sewer, electricity and 120. natural gas shall be prorated between the parties as of date of closing. Buyer shall pay Seller for remaining gallons of 121. fuel oil or liquid petroleum gas on the day of closing, at the rate of the last fill by Seller. MN:PA:VL-3 (8/13) Iostai Arms