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Agenda - Economic Development Authority - 02/05/2015
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Agenda - Economic Development Authority - 02/05/2015
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
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02/05/2015
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24. PATRIOT ACT. Buyer is not named, and is not acting, directly or indirectly, for <br />or on behalf of any person, group, entity, or nation named by the Uniting and <br />Strengthening America by Providing Appropriate Tools Required to Intercept and <br />Obstruct Terrorism Act of 2001, Pub L 107 -56, 115 Stat 272 ( "USA Patriot Act "), <br />Executive Order # 13224 or any other Executive Order or the United States Treasury <br />Department as a terrorist, "Specially Designated Nation and Blocked Person," or other <br />banned or blocked person, entity, nation, or transaction pursuant to any law, order, rule or <br />regulation that is enforced or administered by the Office of Foreign Assets Control. <br />Buyer is not engaged in this transaction, directly or indirectly on behalf of, or instigating <br />or facilitating this transaction, directly or indirectly on behalf of, any such person, group <br />entity, or nation. <br />Buyer's full, legal, and complete name(s) is .Iff-e. Westco <br />Properties, LLC Buyer is not known as, and does not employ any other names or aliases. <br />Buyer shall deliver to Seller such proof of identity that Seller may reasonably require. <br />23. CLOSING DATE. Subject to the fulfillment or waiver of the conditions hereof, <br />and provided that all of the covenants, representations and warranties of Seller are true <br />and correct on the closing date as though made on such date, the closing of the purchase <br />and sale shall take place on or before June 24" Vi 2015 The closing shall take <br />Formatted: Superscript <br />place at the offices of Title Company or at such other place as Seller and Buyer may <br />mutually determine. Actual possession of the Premises shall be delivered to Buyer on the <br />Closing Date. <br />' <br />Formatted: No bullets or numbering, Tab stops: Not <br />If the Buyer requests the Seller to extend the Closing Date to a date s�in <br />at 0.26" <br />dater than June 24a 2015 for reasons that prevent the closing to occur that are not <br />Formatted: Superscript <br />caused by the Seller, the Earnest Money previously deposited into the specified Escrow <br />account shall be paid to the Seller in scheduled monthly installments. Such monthly <br />installments will be paid as follows: at the end of each month that extends past the <br />original Closing Date of June 24th, 201 $1,000 of the initial Earnest Money will be <br />Formatted: Superscript <br />released to the Seller., for a maximum of three total months. Any Earnest Money <br />released will be deducted from the purchase price of this real property. In the event this <br />property does not close, the Earnest Money released due to a Closing Date Extension will <br />be forfeited and become property of the Seller <br />Formatted: Indent. Left 0.25', No bullets or <br />numbering, Tab stops: Not at 0.26" <br />2 24. SELLERS OBLIGATION AT CLOSING. At or prior to the Closing date, Seller <br />shall: <br />A. Deliver to Buyer, Seller's duly recordable General Warranty Deed (the "Deed ") to <br />the Premises (in a form reasonably satisfactory to Buyer) conveying to Buyer <br />Marketable Fee Simple Title to the Premises and all rights appurtenant thereto, <br />subject only to the Permitted Exceptions. <br />B. Cause to be famished and delivered to Buyer the ALTA (Form 6/17/06) Owner's <br />Title Insurance Policy in conformity with the requirements of this Agreement, or a <br />"marked -up" Commitment in form acceptable to Buyer. <br />Page 8 of 16 <br />
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