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Agenda - Economic Development Authority - 03/09/2017
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Agenda - Economic Development Authority - 03/09/2017
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3/17/2025 2:14:17 PM
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3/14/2017 11:00:51 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
03/09/2017
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3. One-half the cost of any closing fees. <br /> 4. State deed tax. <br /> 5. The cost of providing Title Commitment as prescribed in Section 6 <br /> 6. The cost of real estate broker commission fees as prescribed in <br /> Section 15. <br /> ii. At Closing Buyer must pay the Purchase Price to Seller and the following <br /> costs and expenses: <br /> 1. Buyer's portion of prorated property taxes. <br /> 2. Buyer's own attorney's fees. <br /> 3. One-half the cost of any closing fees. <br /> 4. Documentary and recording fees for the deed(s). <br /> 5. The cost of the owner's title insurance policy if Buyer elects to <br /> purchase an Owner's title insurance policy. <br /> d. Possession. Seller must deliver possession of the Property to Buyer at Closing. <br /> 14. REAL ESTATE BROKERS. Seller and Buyer represent and warrant to each other that <br /> they have dealt with no brokers, real estate agents, finders or the like in connection with <br /> this transaction, other than CBRE, Inc. ("Seller's Broker"), which represents Seller. <br /> Seller shall pay Seller's Broker as required by their agreement. Seller and Buyer agree to <br /> indemnify each other and to hold each other harmless against all claims, damages, costs <br /> or expenses of or for any broker's fees or commissions resulting for their actions or <br /> agreements regarding the execution or performance of this Agreement, other than the fees <br /> payable to Seller's Broker, and will pay all costs of defending any action or lawsuit <br /> brought to recover any such fees or commissions incurred by the other party, including <br /> reasonable attorney's fees. <br /> 15. ASSIGNMENT. This Agreement may not be assigned without the written consent of <br /> the non-assigning Party. <br /> 16. THIRD PARTY BENEFICIARY. There are no third party beneficiaries of this <br /> Agreement, intended or otherwise. <br /> 17. JOINT VENTURE. Seller and Buyer, by entering into this Agreement and completing <br /> the transactions described herein, shall not be considered joint venturers or partners. <br /> 18. CAPTIONS. The paragraph headings or captions appearing in this Agreement are for <br /> convenience only, are not a part of this Agreement, and are not to be considered in <br /> interpreting this Agreement. <br /> 19. ENTIRE AGREEMENT/MODIFICATION. This written Agreement, and the related <br /> Development Agreement, if any, constitutes the complete agreement between the parties <br /> and supersedes any prior oral or written agreements between the parties regarding the <br /> Property. There are no verbal agreements that change this Agreement and no waiver or <br /> 8 <br />
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