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SECTION 8: COST ASSIGNMENTS <br />The purpose of this section is to outline an assignment of costs associated with negotiating and <br />- <br />Council review. <br /> <br />A.City Costs <br />1. <br />2. <br />3.One-half the cost of any closing fees. <br />4.State deed tax. <br />5.Real estate broker commission fees. <br />6.Title Commitment fees as prescribed in Section 5. <br />7.ALTA Survey fees as prescribed in Section 5. <br />8.The cost of any additional or elected marketing/site-prepping efforts by City as <br />prescribed in Section 5. <br /> <br />B.Buyer Costs <br />1.Buye <br />2. <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 <br />6.Environmental, architectural, engineering, financing, and developer fees associated with <br />pre-development research and the entitlement process. <br />7.All other fees. <br /> <br />POLICY FOR THE SALE OF CITY OWNED LAND Page 7 of 7 <br /> <br /> <br />