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a. Title. Title shall have been found acceptable, or be made acceptable, in <br />accordance with the requirements and terms of Sections 6 (a) and 7 (a) of this <br />Agreement. At Closing, Seller shall convey a warranty deed conveying fee title <br />to the Property in the condition required by this Agreement and the Title <br />Company shall provide Buyer title insurance for the Property in the condition <br />required by this Agreement. <br />b. Soil Tests. Buyer shall have determined, on or before the closing date set forth <br />below, that Buyer is satisfied with the results of and matters disclosed by such soil <br />and geotechnical tests of the Property as Buyer may deem necessary, all such tests <br />to be obtained at Buyer's sole cost and expense. Within ten (10) business days <br />after the date of this Agreement, Seller shall deliver to Buyer all soil tests and <br />other inspections, reviews and reports, if any, pertaining to the Property that are in <br />Seller's possession or control or have been previously prepared on Seller's behalf. <br />c. Utilities. On or before closing the Seller shall deliver to Buyer all documents, if <br />any, that are in the Seller's possession or control which evidence the location <br />and/or capacity of utilities available to the Property. On or before the closing date <br />set forth below, Buyer shall confirm, at Buyer's option, that water, sanitary sewer, <br />storm sewer and other utilities are available at the boundary of the Property. If <br />one or more utility services are not available at the boundary of the Property, <br />Seller covenants to extend such service, at its expense, to the boundary of the <br />Property prior to Closing. <br />d. Environmental Assessment. On or before closing the Seller shall deliver to <br />Buyer all environmental assessments, if any, pertaining to the Real Property that <br />are in Seller's possession or control or have been previously prepared on Seller's <br />behalf. <br />e. Permitted Use. On or before closing date, Buyer shall have determined that <br />Buyer's Intended Use of the Property for multi -family housing which incorporates <br />the use pitched roofs and detached garages, senior care facilities, hotel/motel <br />facilities, office and retail space and parking facilities ("Buyer's Intended Use") is <br />a permitted use under the Zoning, Subdivision and Land Use Regulations of the <br />City of Ramsey and of Anoka County without the necessity of obtaining a <br />variance or rezoning. <br />f. Governmental Permits and Approvals. —Contingencies shall include the I Formatted: Font: 12 pt <br />following government approvals. on or before closing: 1) an Ordinance becoming <br />effective amending City Code Chapter 117-118. entitled The COR. to amend <br />minimum Floor Area Ratio requirements in The COR-1 Sub -District to 0.65. 2) <br />Buyer shall obtain Maior Subdivision Final Plat Approval. and 3) Buyer shall <br />obtain Site Plan Approval for 120 apartment units. For purposes of this <br />Agreement. Governmental Approvals do not include Building Permit Review. <br />Buyer shall be responsible for obtaining all required Building Permits. On or <br />before closing the Sclh,r Alia& in good faith wink with Biyer to obtain all <br />prc'rerrnary ply k ovals, site plan and other gov2nriviRtt, ANymovals required <br />2 <br />