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(d) A standard Seller's Affidavit with respect to judgments, bankruptcies, tax liens, <br /> mechanics liens', parties in possession, unrecorded interests, encroachment or <br /> boundary lane questions, and related matters, properly executed on behalf of City <br /> (e) Any well certificate required by M S § 1011 235 <br /> (f) The Assessment Agreement <br /> (g) The Lien Agreement <br /> (h) The Agreement to Pay Deficiencies <br /> (r) If requested, a subordination agteement, subordinating the Lien Agreement to a <br /> First Mortgage granted against the Development Property by Developer The <br /> terms of any subordination agreement shall be acceptable to the City <br /> At the closing, Developer shall execute, where appropriate, and/or deliver to the City <br /> 0) The Development Permit <br /> (k) The Assessment Agreement <br /> (1) The Lien Agreement <br /> (m) The Agreement to Pay Deficiencies <br /> (n) Cashiers Check in the amount of 53,761 00 payable to the City, in order to compensate the City <br /> for the difference between the value of the Development Property and the Public Improvements and the <br /> Financial Assistance piovided by the City <br /> Section 2 7 Real Estate Taxes Special Assessments Utility Bills and Deed Stamps <br /> Real estate taxes due and payable in all years prior to that in which closing occurs, including any <br /> amounts otherwise payable in such years which may have been deferred pursuant to the <br /> Minnesota Statutes or other applicable law, shall be paid by City Real estate taxes due and <br /> payable in the year in which closing occurs, including any amount otherwise payable in such <br /> year which may have been deferred pursuant to the Minnesota Statutes or other applicable law, <br /> shall be prorated as of the Closing Date based upon the parties' respective periods of ownership <br /> of the Development Property in the calendar year of closing <br /> On or prior to the Closing Date, City shall pay all special assessments, including, but not <br /> limited to roadway or other like improvements to the Development Property, whether or not then <br /> due, then levied against the Development Property or pending for improvements with respect to <br /> which, as of the date of this Agreement, the letting of contracts has been duly authorized by <br /> appropriate governmental action The City shall not make any special assessments in the future <br /> for the initial construction of the Public Improvements <br /> The Developer shall be responsible to pay the deed stamps necessary to be affixed to the <br /> warranty deed described in section 2 6 (a) above <br /> 10 <br />