Agenda - Council - 01/24/2017 - Laserfiche WebLink

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v. A copy of all environmental reports,tests,and investigations concerning the Property,including soil and UST tests,in Seller's possession. vi. A copy of all available records generated by leak detection equipment used to monitor the USTs and associated piping and pumps. b. Car Wash. Seller shall remove all liquids(e.g.,soaps and other cleaning agents) located in the tanks in the car wash area by the end of the Inspection Period. 11.NOTICES. Notices permitted or required by this Agreement must be in writing and shall be deemed given when delivered in legible form to the party to whom addressed. Notices may be sent by certified mail,fax or e-mail. Notices are effective two business days after they are mailed via certified mail,return receipt requested or,if delivered in any other manner,when the party to whom the notice is directed actually receives the notice. If delivered at the Closing,a notice shall be deemed given when hand-delivered to the party's representative at the Closing.The business addresses of the parties are as follows: Seller: George Athans Series Sunfish of Athans Holdings,LLC 8195 Pyott Road Lake in the Hills,IL 60156 Buyer: City Administrator City of Ramsey 7550 Sunwood Drive N.W. Ramsey,MN 55303 Notices not given in the manner or within the time limits set forth in this Agreement are of no effect and may be disregarded by the party to whom they are directed. 12. CLOSING. This transaction shall close on the date 10 business days after Buyer receives approval for funding from the Minnesota Right-of-way Acquisition Loan Fund (RALF)program and delivers a Notice to Proceed to Seller,or 30 days after the expiration of the Inspection Period,whichever is later. The Closing shall take place at the offices of the Escrow Agent,or at some other place as the parties may mutually agree prior to such date. At the option of either Party,the executed closing documents, Purchase Price and closing costs may be deposited with the Escrow Agent and disbursed by the Escrow Agent pursuant to avoid the necessity for a Closing at which the Parties are present.Notwithstanding anything set forth herein to the contrary,Seller shall have the absolute right to terminate this Agreement,which shall be deemed to be of no further force and effect,in the event Closing has not occurred by July 1,2017,unless Buyer provides Seller with written notice of its desire to extend the Closing deadline until August 1,2017,in which case Buver shall deposit$25,000 with the Escrow Agent by Julys". Said deposit is non-refundable and shall be applied towards the Purchase Price Formatted:Superscript,Highlight at Closing. 5