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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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3/18/2025 12:57:56 PM
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3/9/2015 9:00:11 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
02/05/2015
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C. Deliver to Buyer, Title Company's standard affidavit of Seller, confirming that Seller <br />is not a "foreign corporation" within the meaning of Section 1445 of the Internal <br />Revenue Code. <br />D. Deliver to Buyer, Title Company's standard affidavit of Seller, in form and content <br />sufficient to allow Title Company to delete the standard exceptions contained in <br />Buyer's Owners Title Insurance Policy relative to (i) parties in possession, (ii) liens <br />for labor, materials, or services, (iii) unrecorded easements or other instruments and <br />(iv) the gap between date of title commitment and the recording date of the Deed. <br />E. Deliver to Buyer, a certificate confirming that the representations and warranties set <br />forth in Section 4 of this Agreement are true and correct as of the Closing Date as <br />though made as of such date. <br />F. Deliver to Buyer, such other documents as may be reasonably required by this <br />Agreement (including, without limitation, authorizing resolutions of Seller), all in a <br />form reasonably satisfactory to Buyer, Seller and Title Company. <br />G. An assignment, in a form and substance acceptable to Buyer, of all assignable <br />warranties, guarantees, permits, licenses, certificates and franchises applicable or <br />relating to the Premises. <br />U n„ nr r n inr era I .,.,a T-44 S,,,. o O f l.o 42 rV4: i9 R9 <br />26. CLOSING COSTS. The following costs and expenses shall be paid as follows in <br />connection with the closing: <br />A. Seller shall pay: <br />The cost to prepare and deliver to Buyer the Commitment (including, <br />without limitation, the cost of any title search and exam by Title <br />Company); all fees to record all of the documents necessary to permit <br />Seller to convey Marketable Fee Simple Title to the Premises to <br />Buyer (other than the fee to record the Deed); the cost of any <br />endorsements necessary to convey Marketable Fee Simple Title to <br />Buyer; and one -half (1/2) of the closing fee charged by Title <br />Company. <br />2. Any state, county or municipal deed tax, excise tax or transfer fee <br />imposed on the conveyance, and any fees and costs incurred by Seller <br />or necessary to subdivide the Premises from other real property into <br />a separate tax parcel. <br />3. Any deferred or delinquent real estate taxes or utilities and Seller's <br />pro -rata share of those costs and expenses set forth in Section 27. <br />4. All special assessments existing through and including the Closing <br />Date, whether levied, pending, deferred or assessed, including <br />Page 9 of 16 <br />
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