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12. NOTICES. Notices permitted or required by this Agreement must be in writing and <br />shall be deemed given when delivered in legible form to the party to whom addressed. <br />Notices may be sent by certified mail, fax or e-mail. Notices are effective two business <br />days after they are mailed via certified mail, return receipt requested or, if delivered in <br />any other manner, when the party to whom the notice is directed actually receives the <br />notice. If delivered at the Closing, a notice shall be deemed given when hand -delivered <br />to the party's representative at the Closing. The business addresses of the parties are as <br />follows: <br />City Administrator <br />City of Ramsey <br />7550 Sunwood Drive N.W. <br />Ramsey, MN 55303 <br />Meadow Creek Builders, Inc. <br />Notices not given in the manner or within the time limits set forth in this Agreement are <br />of no effect and may be disregarded by the party to whom they are directed. <br />13. CLOSING. This transaction shall close on the date 10 business days after Buyer <br />delivers a Notice of Suitability to Seller or on such earlier date as Seller and Buyer may <br />establish by mutual, written agreement. The Closing shall take place at the offices of the <br />Escrow Agent, or at some other place as the parties may mutually agree prior to such <br />date. At the option of either Party, the executed closing documents, Purchase Price and <br />closing costs may be deposited with the Escrow Agent and disbursed by the Escrow <br />Agent pursuant to avoid the necessity for a Closing at which the Parties are present. <br />a. Seller's Obligations at Closing. At Closing, Seller must deliver to Escrow <br />Agent, for delivery to Buyer: <br />i. A quit claim deed, duly executed and acknowledged, conveying title to the <br />Property, subject to (A) the lien of real estate taxes, if any, not yet due and <br />payable and any installments of special assessments certified for payment <br />therewith; (B) Building, Subdivision and Zoning Ordinances; (C) Matters <br />that would be disclosed by an accurate survey of the Property; and (D) <br />matters that constitute Permitted Exceptions pursuant to Section 5; <br />ii. A certified copy of a duly adopted City Ordinance and Resolution <br />authorizing Seller's sale of the Property to Buyer; and <br />iii. Seller's affidavits, well disclosure certificate (if required), settlement <br />statement approved by Seller and Buyer, and any other documents <br />required by the Escrow Agent. <br />6 <br />